Its time to sit back, relax and hold your nerves. Normally people start selling there coins when they see market going in down word direction.
It is something day traders have always considered a good strategy to know when to stop losing; seeing the market go down unexpectedly makes them take some hard decisions, considering they never planned to hold their coins for a long period of time but just to trade and make profit. Panic selling always results in some losses, which they considered better than losing all. But in whatever market condition we find ourselves in, there are always those who take advantage of it, as it creates the right opportunity for them to enter the market at their expected time, which anyone with spare funds should consider doing, but should make a better choice as not all altcoins always survive after a mass drop, which I don't see happening anytime soon. Bitcoin is still moving haphazardly around 26k$ and it still looks that Bitcoin may regain its lost spot at 30k$. I think its good time to add some discounted Bitcoin to your portfolio. As Alts price are very much linked with Bitcoin and that's the main reason why alts are down too. Keep an eye on solid alts only (like top 10 om CMC). I would prefer keeping major portion in Bitcoin probably 80% in Bitcoin and rest in alts. 80% in bitcoin is better for keeping our capital safe, and the rest in some of the top altcoins will add to our profit when the bull season comes. However, don't let it be reversed to put most of your capital in new altcoins, in which case we will bear a greater risk, and if bad things happen, our financial situation will be disrupted, because that is like a bet that is like a double-edged sword. therefore we must be wise in money management and of course not greedy, especially if the capital is large, it will also provide a satisfactory return |
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Not optimistic with Litecoin will raise up to $500 one day later, almost four year as most loyal holding of Litecoin but still get disappointed with most cheap price based on old coins. Halving time not get efficiency effect for Litecoin get up to higher price, this early month, Litecoin halving but price keep going down drastically after success break out to $111. Current Litecoin price can't expected will back to $100 because around $64 make LTC difficult when getting moment to create with new all time high price. I am waiting with Litecoin will raise back above $200 and looks not profitable yet with long term holding from LTC, any one have ideas keep holding Litecoin or take it for cut loss and investing in other altcoin?
I'd suggest you consider other altcoins, especially those among the top ranks in market cap (top 5). Litecoin is struggling to reach a new ATH, probably because there's no "substance" to it. Developers need to come up with something new and fresh that would revive the hype once again. Otherwise, market prices will remain stagnant for a very long time. If they don't increase with every halving, miners could be mining at a loss. This could force LTC miners to switch to other chains, leaving it vulnerable against external attacks. Unless BTC turns bullish for an extended period of time, don't expect LTC to get past the $100 range anytime soon. Don't get me wrong, though. LTC is a good coin with a solid foundation built upon it. Market prices aside, it's one of the most trusted and reliable blockchains after Bitcoin. I've seen new features being tested on LTC before they're added to the Bitcoin blockchain. Who knows? Maybe someday LTC will get the attention it deserves? Just my thoughts  if we look chartishly from the previous movement, LTC had penetrated the $108 range, and that means it had broken out at the previous resistance, it's just that because of the bitcoin situation that is currently experiencing a small crash, LTC was also affected, therefore I think that LTC will later will go up again, assuming that it has given a signal for an increase and of course a deep correction can be used as an opportunity to buy and invest, I don't think it will take us 5 years to make a profit |
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Case studies and feasibility analysis are two ways that help a lot, thank you for reminding me of that. But, yes, how I wish we can all find a very good location for property investment. However, as good as it sounds, it is not as easy. Notice how the bidding for real estate properties is going millions these days? The rates are going higher each time, showing how more and more people are getting into such investment hence competitors are also something to watch out for here.
It's the same at my place, every year there is always an increase in property prices because every year there are always more people who are interested in investing in real estate. It is this increase in interest that makes real estate increasingly expensive so that not everyone can get it easily, especially if the location is in a strategic environment and everyone is friendly. Of course it will always be targeted by many people at a certain price which is basically not cheap. Apart from investing, property is a basic need, especially for those with families, so it must be met to provide a home for their children later. therefore because those who need it are higher while the amount of available land is limited, it is not surprising that the price rises every year. and if you get a strategic place then the increase will be even higher. But investing in real estate requires a lot of money, so not many people can do it even if they know. it's different with crypto that can be purchased according to financial capabilities and I'm sure for those who are successful in cryptocurrency, after that they will invest some of their money to buy property |
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5. Set a budget
Allocate a limit on expenses, know all areas of expenses from food, rent, electricity, water, shopping and other things related to spending. Once you set all of your spending limits, make sure to follow them and do it because everything will be ignored if you don't do it.
Before, i'm really bad in budgeting our money and I tend to always exceeds to one thing (like for groceries) resulting to tight budget for other expenses. If you don't plan, limit and list what to prioritize first, you'll struggle financially. That's why having a set budget for expenses is really a must to have a guide on how much you can only spend for that particular plan. I also learn to not spend more than what I can earn, this way I can still allocate money for savings that can be use for emergency. It's really effective, we just need to have discipline to avoid spending for not really needed. if we can run like you do, maybe no one has a lot of debt just to cover his lifestyle. nowadays many people want to look rich even though their income is not appropriate, therefore many people are in debt just to cover their lifestyle so that their friends see them as rich, and can live a lifestyle beyond their income. Such things actually torture yourself, because one day it will explode like a time bomb. However, there are also job demands as marketing which require a lifestyle like that so that it is equal to associating with rich people, because that is their business target. |
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By service I suppose you mean some kind of business. If this is so, then everything would depend on the market. Everything boils down to revenue. It doesn't matter whether you're solving the problems of the rich or the problems of the poor. What matters is that you're making a good profit.
If by catering to the rich, you're making a bigger income, then I'd choose it. But if by catering to the needs of the poor, the income is much higher, then I'd be choosing that.
If this is a question of charity, however, I'd be giving an unequivocal answer. I'd rather be solving the problems of the poor. They're mostly problems on their basic needs.
indeed it basically depends on our intentions at the beginning, in terms of the amount of income, then indeed the main choice is which one gives more income, but if our intention is to do charity, then put aside the aspect of the amount of income. basically everything can bring the same happiness, as long as we work according to our conscience, so that this does not bring heartache which leads to dishonesty in carrying out a job, and when that happens, then the results are also not satisfactory |
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as a citizen, of course, in a situation where the country is in a downturn, bitcoin investment is a good choice for securing the value of its assets, where by investing it can offset the inflation rate in a country that is struggling in terms of the economy. moreover, only one country is in trouble so investing in bitcoin which is an asset for the whole world is not too affected, it is different if there are global economic problems, of course it will more or less affect the development of the crypto market
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The trick is to remember the price you received those highly fluctuational coins.
Say you received 0.03 BTC (720 ish today 08.19.23) for some work at 25500? Well, once you need FIAT you can just sell the 0.03 at plus 25500.
Thats by some means to maintain value and not be cheated on a deal ofcourse, you dont get cheated for striking a deal at a price rate and due to holding,rhe coin dumps and have its values reduced. Even then, selling though not idea isn't a worst thing. It is a next or available option as you would be using that which is available to you and can serve the purpose for which would seal your deal or solve a problem. Bitcoin is both currency and an asset and having to hold it for a long time means you seeing it for an asset otherwise, you let it serve as the currency it is and spend almost as received. Either way, you either profit or lose or perhaps remain at equilibrium. People gets to choose how they use it. indeed in the context it depends on the goal of the bitcoin holder, and the holder himself knows his position and his purpose is whether to sell it immediately or hold it for profit. if it is sold immediately, of course at the available rate, and whether he has agreed with the price at that time. whereas if it is held it is likely that later it will get more fiat, provided we know when the right time is to sell it, considering we have to get the right moment, because if this cannot happen the price will return quickly |
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3. Bitcoin has become accepted as a store of value
Most individuals believe gold is a store of value. When Warren Buffet says gold has intrinsic value, he means the asset itself is valuable.
Buffet doesn’t believe Bitcoin has intrinsic value. But it does because BTC investors, and the nation of El Salvador, has decided it does.
El Salvador made Bitcoin legal tender. Nations back up their native currency with gold, silver, or other precious metals. El Salvador backs up their currency with Bitcoin.
Gold indeed boasts an intrinsic value of remarkable purity. It emerges as an investment archetype that approaches near-perfection when it finds its place within an individual's portfolio. Yet, the exalted worth of gold is somewhat overshadowed by its decidedly non-portable physical form, which, regrettably, could potentially imperil its possessor. The physical security layer, in its current construct, fails to match the robustness of its technological counterpart. This disjuncture implies that the specter of pilferage looms over the gold holdings of common citizens, not only jeopardizing their material wealth but also endangering their very lives. In stark contrast, Bitcoin presents itself as a digital asset, cloaked in a security matrix of considerable intricacy. This novel asset model boasts an accessibility that transcends geographical confines, save for the encumbrances posed by governmental regulations. One can carry the quantum of their BTC holdings with ease, encapsulated within a smartphone or enshrined in a portable physical wallet. Yet, when it comes to toting tangible gold, one cannot help but entertain concerns about safety in the public domain. While digital manifestations of gold have arisen, they often entail the involvement of third-party intermediaries, undermining the pure investment intent. In essence, both Bitcoin and gold are adorned with their distinct virtues, each standing tall within its own realm of excellence. Bitcoin has revolutionized as an innovative technology, gold, on the other hand, has existed for decades, but when comparing them you can see the potential of both to be extremely profitable as an investment, it is true that they have their own qualities that make people interested in them, but I believe that bitcoin has had a greater impact despite being new, and the latter is exactly what has impressed and makes it have a certain advantage against gold, the fact that in such a short time this asset has reached having such a high demand and value in the market may be the main reason why it is being desired by many, the other reason is obvious, and it is the purpose for which it was created, many seek to be able to manipulate their money without the need to have restrictions from banking entities on how and when to use what belongs to them, bitcoin guarantees them that freedom. gold investment is also profitable, where even though the supply is not limited, the trust and need for gold is always growing. however, if you take into account gold, it will only save the value of the currency from inflation, but of course, because of the trust factor, it makes it safe to hold. different things from bitcoin which until now certainly made us rich when investing at its inception, and only took 14 years to be able to retire, the growing adoption and the few people who believe in it, it opens up opportunities to increase the price |
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I am also learning to get trading for a living, but until now even though I already have theory and techniques and chart reading, I am still at war with my psychology which is still very unstable. even though I know what I shouldn't do, I still get used to breaking it, so it ends badly. I don't know, although I often learn to control myself, but in fact it's difficult and hasn't been successful until now. It turns out that it is not easy for day trading, because you have to master complex knowledge to respond to market movements every day
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What do we think could be the cause for a trader that has been experiencing a win and lose repetitive occurrences in his trades.
Like he places a trade today he makes profit and the next day when he places another trade he would lose it, whereas the next day he then makes another profit and lose it the next. And this happen been repeating for more than a month.
Has anyone had such experience? If yes! Then how was or could it be solved or stopped?
The situation is getting psychological.
Trading does not guarantee that you will have a series of winnings in all your trades. That’s impossible to happen, especially that the market is never fixed and stable and anytime sudden factors factors appear in the market that put it into its bad shape. However, my only advice is to look into your trading habits. If there is repetition of results, perhaps your trading habits has affected it. Change your trading routine if ever that’s the case. Trade when the market is good and take a break when it’s not. If you are not seeing possible profits, then just focus on long term hodling. understanding when to trade is not easy, sometimes we seem to have the urge to make transactions, which we actually know is not the time to enter the market. such feelings are common in unstable psychological times. However, with experience and more flying hours, things like this will eventually be controlled naturally. we know that not every transaction will end in a profit forever, therefore we must be able to anticipate if our analysis is wrong, because that is the most important thing in responding to the market |
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if we have limited funds and want to get rich quick, or have significant returns, I think we have to be brave enough to be speculators, take higher risks, I do this too. but if I have large capital I think investing is safe like in bitcoin or ethereum, it's enough. therefore a meme coin or a new project provides a great opportunity for us to get a jackpot, but we also have to understand the risks, and analyze them carefully, to reduce prediction errors. I experienced exactly this in 2017, where some of the new altcoins exploded, so I got good results
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It looks total crabs that without btc altcoin has no value streaming on its own. I observed several occasions when btc experience downtime, it affects the rest of the altcoin and when it pumps altcoin experience likewise. I classified bitcoin as 🚜 tractors that levels prices of altcoins. ETH is second world best crypto that occupied core ria marketcap in the crypto market but yet it cannot survive without btc.
That's mean alternatively, if btc falls flat altcoin will dies off. What their deep relationship? Why btc important to altcoin, what's the connection in between? Will altcoins really survive without btc?
bitcoin is a role model of all types of crypto that exist today. So, when bitcoin falls, it's very likely that altcoins will also fall unless those altcoins really have advantages and better commutation than bitcoin, but so far I don't think there has been an altcoin that has surpassed bitcoin. In addition, if only bitcoin prices fell, then altcoin prices would actually fall, and probably most of the altcoin projects would go bankrupt. However, I hope that this will never happen. but what is difficult for now is related to trust, where it is not easy for altcoins to survive without bitcoin. we can see for now where bitcoin has decreased by 7%, and we can also see altcoins have decreased too, even the decline is bigger than bitcoin. it is unimaginable if bitcoin crashes or even disappears, of course there will be a lot of big news, where many investors will go out of business, and money will only move to a handful of people. but with the development of bitcoin so far I don't think that will happen, but for altcoins there is no guarantee |
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$40 is only 2x the current price, but to reach that target this year I think there are several influencing factors, where if the bearish season ends this year it might be achieved, but I think it will happen, even if not for this year, solana is a potential altcoin where many investors are glancing at it and are also at the top of coinmarketcap, therefore in investing we must be patient waiting for it to reach the target we want, but I think it is difficult for this year solana can achieve it, considering today just this bitcoin had a small dump before the halving happened
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basically investing in cryptocurrencies is dangerous, therefore we should share the risk, it doesn't mean we don't invest in altcoins, but we have to minimize the portion of the risk. of course the biggest portion is in bitcoin, with us putting our nature of greed, and then it can be divided into several altcoins as you mentioned, considering that like LUNA, of course we have to be worried, it's different with bitcoin where if it happens like LUNA, then the world will end cryptocurrency, therefore using money management wisely is highly recommended
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Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.
So my question is: is this market still profitable for new projects?
The market will also grow along with the huge increase in new projects. And the more new projects that are becoming visible, the number of investors and its users will definitely come to grow. That’s why no matter how saturated the market is, it will never stop from being profitable especially if these new rising projects have huge potentials to grow and develop in the future. Learn the fact that new projects only arise if they still see growing demands from the market itself. actually there are benefits of new projects developing during a bearish season like today, with a small rate we can invest in a larger amount of crypto, which is a benchmark of course the bullish season will come and to survive and grow until that season arrives it will get a much bigger profit, on the other hand if a project has a clear product, I think it will be more profitable, because it will still be needed by many people, so that the continuity of the project will be able to run in accordance with the road map that has been set |
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it is undeniable that real estate is a very attractive investment, where the need for real estate will increase, but it requires a lot of money to get it, as young people, therefore we can borrow real estate financing with capabilities that are tailored to our pockets , because in the end the bank interest will of course be less than the increase in real estate prices, but it takes a hard struggle to get it, and to increase passive income we can also rent it out, so that we can reduce our burden
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being young is indeed a normal thing where money seems difficult to collect, because it's still the time to have fun let alone have your own income, and there aren't many needs that are borne, but indeed we must immediately wake up to see the future, so don't waste it waste youth for a better old age. for young people I think investing in property or houses is a top priority, besides investing, we can also prepare for our family life later, especially if we are men
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Hello everyone, I made my first post here and the words of advice were really touching(maybe it's because I am weak-hearted) and encouraging. Thank you all for making me feel at home. Now back to my question. My thoughts were that alternative(Alt) coins were created by organizations or developers to serve as a digital currency for their product or service, or improve on the shortcomings of their parent coin. I believed an alt coin with a real purpose was here to stay like Bitcoin. But reading certain threads made me realize that my thoughts might be flawed and that maybe alt coins are good for making short gains and not long since some analysts believe they are subject to pump and dump. So would like to know 1. What will happen to alt coins when Bitcoin becomes a legal tender? Will they have a massive growth,or would people sell and jump into Bitcoin? 2. What would happen to alt coins when Bitcoin becomes relatively stable( when it is fully mined and will solve its problem of price volatility)? Will alt coins survive the test of time? Will new alt coins be created later? What would become of the various countries'currencies, especially the Dollar (the global reserve currency) after Bitcoin's general acceptance? 3. If alt coins survive in the next century what is the reason it would. 4. Should alt coins be traded rather than HODL? I hope my questions aren't too many. Thank you for your time once again. 1. of course the price of altcoin will also increase very high, because more investors will invest and use cryptocurrency; 2. there will be no significant changes if Bitcoin is accepted by the country, because Bitcoin is already very popular, so Bitcoin and altcoin prices will definitely continue to increase every time, even if Bitcoin is accepted or not by the country; 3. because many companies are starting to use cryptocurrency (Bitcoin and altcoin) for their projects in the future; 4. it depends on you, if you want to invest for the long term, then you better to hold. for the altcoins that are traded, I think that it is only feasible for a few altcoins, and of course bitcoin, with the spread of coins held by investors, it is less likely to be manipulated, considering that there are many new altcoins that are difficult to predict, especially from a chartist perspective, and for investing, I think altcoins the most viable top board, considering that this altcoin is the closest to bitcoin, so it will follow its movements, even the way to survive a bearish season will always be safe for the long term |
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in my opinion the best altcoin to accumulate at the moment are ETH, XRP and BNB, because I really believe if you will definitely get a big profits from investing in ETH, XRP and BNB, therefore now is the right time to buy and hold until the bullrun comes, because when the bullrun occurs, then you will definitely get a lot of profit.
all three are safe altcoins to invest in, and of course you will get a profit even though it is not as big as a meme coin, therefore it is indeed better to put most of your capital to invest in this altcoin of choice. on the other hand there are also speculators who leave their capital to choose new projects or meme coins, who knows when the bulls come, they will get a jackpot, because this investment is more risky, so dividing capital wisely is highly recommended, hopefully the bullrun comes soon and we can see the reaction soon |
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I still have some shiba inu coins, but until now I still hold them, during a bearish season like this time, of course, meme coins like shiba seem to be in a deep sleep, but I'm sure that when the bullish season comes there will be price upheavals, and there we will can sell it at the right time, considering that at any time a dump can occur in the blink of an eye. I only have a few, because considering this is a meme coin, it wouldn't hurt to speculate
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