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As we already know investing in a new project is like gambling but things like that are very hard to avoid like there is magic that makes us blind so we are interested in the offers that are offered so we are interested in risking your money besides the desire to get money quickly and easily so take the wrong path without having to think about the risks. old project that was at the top now highly recommended, do something in your faith if it is profitable
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The goal of getting into crypto is to get rich, make a side or main job to earn, that's the real goal, whether a beginner is bad or not depends on the success you get. knowledge is needed without it just risking luck by risking money. As a beginner, my friend taught me not to risk money, look for free coins or tokens or take part in social media bounty campaigns. With that, you can avoid losing money, don't try to buy, make the results of work in a project for investment
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Trust wallet has quite a reputation has a lot of strengths and very wide functionality has a lot of support for different coins and tokens which means it can hold more cryptocurrency. many people are interested because it's easy to use, although sometimes it's very slow if sending coins even though the status has been sent but in fact it hasn't arrived, it has to be with high transaction fees and there is often a price difference with coinmarketcap maybe the update is slow
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Beginners are actually very happy if there is an airdrop project, it will be their first job during the learning phase. while you don't spend money to follow it, of course it's not a big problem and the work is quite easy and short, there are no tasks that have to be done every day
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Things are getting worse, the crypto industry has been rocked by various scam and fraud cases that have made investor confidence drop sharply, so it's better to wait a while and see until the situation improves because you have to think again if you want to start entering. with prices dropping like this makes high emotional to buy at a discount. set goals with mature strategies to minimize risk
Things are getting worse for whom? There have always been and will be various scams, but those who have held on to Bitcoin (and some other top coins) have not made a mistake! This is not the first bad period, and what is interesting is that even in these bad days/months crypto is still working at full steam (as in previous bearish periods), so much is happening everywhere around... and sooner or later it will be reflected in the prices. So I agree with OP, the crypto market will come back bigger again, it's just a question of time. Meaning that it will have a negative impact on the market price which will fall even further if bad things continue to happen. That's my own prediction, so wait a minute if you want to start buying to hold the long term, to be honest I myself am waiting for conditions like now. not that i disagree with op talk, bad things happen, during bearish season then bull with bigger price increases reach new highs |
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Things are getting worse, the crypto industry has been rocked by various scam and fraud cases that have made investor confidence drop sharply, so it's better to wait a while and see until the situation improves because you have to think again if you want to start entering. with prices dropping like this makes high emotional to buy at a discount. set goals with mature strategies to minimize risk
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Holding cash during a bear market is a must in order to be able to shop freely at big discounts, I try to set aside a monthly salary for investment. Buy stablecoins first slowly before switching to the desired altcoin, the goal is to raise capital first and wait for the right time to start holding. This method is very useful for adding assets to anticipate unexpected needs in the future
And without a doubt that is a very successful strategy, but that is a strategy that is only popular with investors that have been part of this market for a very long time, the newbies which want to become part of this market see a strategy like that as one that will take a very long time to produce positive results and also as a boring strategy, I know that something like that does not really make a lot of sense because at the end what matters is whether you obtain profits or not, but newbies waste their time thinking about a lot of things which have nothing to do with the money they earn or they lose. As a newbies, should learn from the experience of people who know more like you because for me teachers are important and practice patience on average they just want to get instant benefits because they can't control their patient nature, don't want to wait and are lazy to do research. Now I see that they prefer to play online gambling instead of investing |
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Holding cash during a bear market is a must in order to be able to shop freely at big discounts, I try to set aside a monthly salary for investment. Buy stablecoins first slowly before switching to the desired altcoin, the goal is to raise capital first and wait for the right time to start holding. This method is very useful for adding assets to anticipate unexpected needs in the future
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It turns out that many have experienced it. although I've never experienced it myself. I also believe that beautiful things can happen, as long as you invest in the right places for example in trends and hype like the shiba period or something else. Bull bears can also determine success, if you start investing at a time like this in a bear market and then hold it until a new ATH will be in the bull market, just choose which altcoin is suitable to hold. believe that the impossible here can happen and have many examples
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Is buying land a good option? Are there not some certain risks involved in buying land? Like devaluation or inability for it to appreciate in the future due to long lasting inflation. I am just thinking about this to know if to buy land is a good idea. I need to diversify, the only investment plan I know how it works is bitcoin.
As an area become more industrialized, the more the land in that area become more expensive. The lands in an area once a village before that become town appreciates in value in the process of the area becoming town. Likewise the appreciation as it is changing from town to city. Even lands available in cities (if there are still some) also still further appreciates in value. Buying land is an investment. Thank you for your reply. It is just that land issues need good documentation and legal if you are going to keep it for long time, of not there could be people claiming the land and leading into more problems for the land buyer. That is why I am afraid of the land investment. Before you could get good land,.you will have to buy in area that is not developed and before development will get to that area, it will take so many years which something unlikely could happen on the long run. In addition, land prices in dense industrial areas and urban areas are very expensive, indeed the benefits of increasing prices every year are quite promising, especially if they are located in strategic places. The downside is that not everyone can afford to buy land, this method is only for certain people who have a lot of money |
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Right. I agree with you that it is difficult to predict with certainty when the price of bitcoin and altcoins will rise. However, seeing that the crypto market situation has recently been in the green zone, it seems that the rise in bitcoin and altcoin prices will continue. Therefore it is better if we can take advantage of the current momentum to collect bitcoin or altcoins while waiting for the Bull Run market to occur.
Assuming what will happen in coming days does not work of me. Most of the time what I predict and assume goes against and does not help me anyway. So I am not sure if market will rise also I don't get good feeler on it. Indeed, there are not many assumptions that will work, but if we assume in the long term if the price of bitcoin goes up, it might make sense, especially if we refer to past moments. If you are in doubt about the current market situation, you better hold on to it while seeing how far the crypto market moves forward. If in doubt to start collecting bitcoin and selected altcoins why not try other methods such as the scalping trading method, one method that can be said to have low risk, good for increasing income while monitoring market movements and most importantly must be able to minimize losses and maximize profits by increasing variations trading or investing so that we don't just focus on one point we have to take advantage of the current situation |
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Diversification cannot be over emphasized in this.
Obviously, fiat fluctuates in value and would likely lose some value in a recession. The best steps to do now is to diversify and spread your earnings into wise and steady investments like land, gold.
In and out of a recession, it’s also very wise to invest and indulge in agriculture. Grow your own cash crops that would bring in some income and also get you fed.
The key word is to diversify
Agriculture. My mother taught me how to grow crops, from growing rice to vegetables for daily needs, sometimes when there was more we sold to middlemen who passed by. things like that are very petrified the family's economy. By diversifying, it can reduce risk because the losses experienced will be covered by profits from other business segments so that risk will be reduced. Well, investing in land and gold is indeed good, safe and low risk but it takes a long time to get the benefits, that's in my opinion |
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Are you ready to face it? This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors. if you as an investor need to withdraw investment assets or move to other investments or just keep quiet. what steps will be taken to secure assets to avoid unwanted risks
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When a bull market occurs many altcoins also follow an uptrend. if you look at the current price, old popular altcoins are cheap in my opinion, still very worth holding, very suitable for starting long-term investments, just determine the right point to enter and most importantly do not invest in new altcoins, the risk is very high because there are many research that needs to be done
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We are waiting with the facts that happen, hopefully it will go according to plan. if true, this could be a breath of fresh air to pump up the prices of all cryptocurrencies, not just doge. this could be the next hype if the plan to integrate doge into twitter is a very good new thing because what we see with twitter is the most popular platform and the most used by everyone and is included in the top 10 most popular social media applications, the most used
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Have to tame the bear. the current situation is very difficult to increase income all i have to do is collect top 5 altcoins for old age and find as many projects as possible and hold them until bear market later meaning now is the time to save
Yes, most traders also end up choosing to buy assets for the long term. seems like the most appropriate way to avoid bigger losses from trading in a bear market. even with sufficient skills, trading futures is also difficult in today's market conditions. Indeed, the best way to make a profit in a bear market situation is by long-term investment. This means that we simply buy coins that we think are potential at low prices, after that we hold them until the bull market comes. We can also collect top coins as much as possible according to our respective financial capabilities, then we hold until we reach the target we want. Because as you said trading crypto in a bear market situation is very risky and the possibility of experiencing losses is quite large. So it is not recommended to trade crypto in a bear market situation. But sometimes there are traders who feel challenged to trade crypto in a bear market situation like now, although they know it is quite difficult to make a profit in a bear market situation. I don't think it's a problem as long as the trader has good trading experience and good analytical skills, so they can definitely face the possible risks that will occur. For me the right trading for the current situation is trading by taking advantage of the momentum of price movements so that it must always be monitored because trading with a short time style in seconds, minutes to hours. to avoid the risk of loss when the price is lower than the point of purchase It seems that you are quite confident in your trading skills, that you choose short-term trading in a bear market situation. Which in my opinion has a high level of difficulty and also a very high risk, and it is amazing that you dare to trade short term, that means you have good analytical skills in predicting the movement of crypto in the market. Because not many people are successful in short-term trading in bear market situations. Indeed, it is your right to make short-term trades, especially if it is true that you can generate greater profits than the losses you experience. I must be amazed by your achievements, because I too have been in the crypto world for a long time, every time I try short-term trading it always ends badly. Which amount of losses I experienced was greater than the profit I made, that's why for now I'm trying to play it safe, the way i make profit in bear market by making long term investments. If you have time, can you share how the strategy you use can make a profit by short-term trading in a bear market situation. This technique is quite difficult and requires accuracy and must be in front of the screen when trading and must be disciplined in seeing price movements. the point is when you find movement in price increases, you immediately make a sale. you can also apply the target percentage of profit you want. I'm also not an expert in this technique, sometimes the price drops lower than the point of purchase and the profit is not big, this technique is only complementary when I'm relaxed and the main thing I use long-term trading |
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Have to tame the bear. the current situation is very difficult to increase income all i have to do is collect top 5 altcoins for old age and find as many projects as possible and hold them until bear market later meaning now is the time to save
Yes, most traders also end up choosing to buy assets for the long term. seems like the most appropriate way to avoid bigger losses from trading in a bear market. even with sufficient skills, trading futures is also difficult in today's market conditions. Indeed, the best way to make a profit in a bear market situation is by long-term investment. This means that we simply buy coins that we think are potential at low prices, after that we hold them until the bull market comes. We can also collect top coins as much as possible according to our respective financial capabilities, then we hold until we reach the target we want. Because as you said trading crypto in a bear market situation is very risky and the possibility of experiencing losses is quite large. So it is not recommended to trade crypto in a bear market situation. But sometimes there are traders who feel challenged to trade crypto in a bear market situation like now, although they know it is quite difficult to make a profit in a bear market situation. I don't think it's a problem as long as the trader has good trading experience and good analytical skills, so they can definitely face the possible risks that will occur. For me the right trading for the current situation is trading by taking advantage of the momentum of price movements so that it must always be monitored because trading with a short time style in seconds, minutes to hours. to avoid the risk of loss when the price is lower than the point of purchase |
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Have to tame the bear. the current situation is very difficult to increase income all i have to do is collect top 5 altcoins for old age and find as many projects as possible and hold them until bear market later meaning now is the time to save
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There are many cryptocurrency wallet softwares like metamask, trustwallet. I'm currently using Trustwallet to store my cryptocurrencies. I heard some people say that it can be hacked!
Can people hack my trustwallet?
Is it safe?
How to protect my trustwallet account?
Thanks in advance ♡
That can happen. The strong and multi-layered defense walls of any exchange market can be hacked, let alone just an online wallet defense wall if done by an expert, anything can happen. so we must always be careful if possible not to be too open with what you have because if it is open it will invite evil to stalk you and using any type of wallet if careless it will not guarantee your property is safe |
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