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If it is observed that there are still many disagreements, even though the scholars in the country, from various points of view, some say it is haram or halal with certain rules. but for me it all comes back to us personally, if we get money from here, and provide a lot of benefits, especially for people around us, then why are we arguing about that problem. alcohol can be halal under certain conditions. Sorry, that's just my personal opinion
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Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.
What does your technical analyst say about it?
I think it's natural to happen in a market where the movement is unpredictable, and we can only predict it. when it reaches the new ath it will experience a saturation phase, and finally a price correction occurs. During the correction phase, many traders actually used it to buy and eventually the price rose again, until it consolidated, which can be said between the seller and the buyer is balanced, so that later a trend will form again after breaking through support or resistance. |
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both have their own character, if we can maximize them then both are good, even if done simultaneously though. with trading we can make money in any situation, whether it's in bearish or bullish conditions. while with hold we wait for market uncertainty but believe that later it will always print new ath, so it's just a matter of time
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bitcoin is a pioneer in cryptocurrency. by getting the highest trust, the biggest investment is in bitcoin. coupled with a limited supply so do not be surprised if the price is getting more expensive. In the future, I don't think there is anything that can replace bitcoin, because it has trust even though there are many other coins that offer good products too
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BNB is a good pick. Not shilling it but don't hesitate to include it on your portfolio.
Experienced investors are aware of this. BNB is one of the good coins existing nowadays to hold for long period because its well-established and has a use case. I've been holding BNB for long period already and made huge gains from it. It just takes a lot of patience specially during the time of bearish market wherein most coins plunged. Anyway its not late to invest now, the price is still declining, a chance to take advantage. since the time the bnb was still worth $15 I've invested in it, unfortunately it's still using a small capital so, the benefits obtained are not satisfactory, just wishful thinking that if you put a lot of coins in the bnb, maybe now you can retire. but it's a market where we don't know what will happen next, and I think many feel like me |
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If you feel Eth still has a good chance in the future. Keep putting your coins there because I believe eth has a good chance. And if the insolar has been around for a long time and you trust it, it's better to choose the one you've definitely believed in and been there for a long time.
ethereum is the main altcoin of choice to invest in. many of us have other choices according to our respective beliefs, but we also have to be realistic about the trading volume on ethereum, of course this can open our eyes with some considerations |
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As we know the month of December has always been special for both bull run and bear matket so what's your plan for this December? Which altcoins are you going to invest this month? We need to take calculated risk since the market will either surge to unexpected level or will witness another correction phase or bearish market. I would select ADA as it has lot of potential and will surely trade in double digit.
I for one generally consider altcoins to be short term projects, thus if this question is asked of me, I'd say the altcoin I'll always pick over others is ethereum, why because I'm a long term investor, and eth is like the only altcoin that's sustainable for the long period just like Bitcoin is, however if I'm looking for short term ROI and quick exit, then I'd seek lower altcoins that are more or less pump and dump coins and maybe try my luck, this coins are very risky and you can lose a lot with them, that's why you should never forget to invest only what you can afford to lose. Having said that, do not always go with people's ideas of the coin they want to invest in, always do your own research and come to your own conclusions, users would always pick the coins that they have in their possession and advise you to buy it, always ensure that your decision to invest in a particular coin stems from your research and believe in that very coin. Of the many altcoins that exist, ethereum is indeed a potential altcoin to invest in. until now the price has started high but for me it is still worth investing and of course for the long term. actually there are several other altcoins on the board that are worth investing in, such as bnb or xrp, of course the best personal choice |
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Ups and downs in investment, I think are normal, but if we fall, the main value is how we can rise from adversity, and if we are successful in doing so, we will pass many lessons that can be taken. from that lesson we can use it for the next trading capital so as not to experience the same error, so that we can consistently make profits, and an established trading psychology is formed
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If you're a smart trader then you can generate a lot of profit, but you already should know some things about trading . For instance, you should know about trends because the market follows trends constantly, and read the market regularly.
Trading is not as easy as we think because it is full of risk, trading requires knowledge and skills and as you said being a trader we need to keep up with market developments all the time, because otherwise we can lose the moment to make a profit Since trading has definitely its risks, then a trader itself should also learn how to manage the risk. And part of it is accepting losses because even if we are skilled enough, it cannot be deny that we are still losing in some of our trading. And once we are in huge losses, then our emotions and fears will also develop. And during that time, it’s best not to trade because once you’re having strong emotions, your trading will never end up being successful. Just trade when you are ready to separate your emotions because that is always the proper thing to do while trading. Every trader must have experienced losses and I think that is a common thing because after all profits and losses are part of trading, in addition to managing risk we also need to manage or control emotions, what is clear in trading is not something easy to do loss and profit are part of trading, but the most important thing is the final result that shows a profit greater than loss in each month. For that, trading experience is very necessary, and it can be started with us doing trading practices and over time understanding the market patterns that are formed. Emotions are the most difficult part of trading to learn, but they can be controlled with constant practice |
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Dollar prices of fuel increasing is also a terrible situation for nations who have weak fiat against dollar as well. People do not consider the added costs of that problem. I have to say it is very difficult for a nation that loses value constantly and then the fuel prices increase at the same time as well. That means while you are getting poor because of your own fiat, you are getting even poorer on top of that because oil prices in dollar increased as well.
It is not really something that I would see a get out of, like what could you even possibly do when the case is that strong and that dire? What is a solution to that? Better people than me tried and failed so I have no idea how to do it.
Another rather narrow issue is local fuel pricing, market monopolization, cartel collusion. This significantly more affects the local fuel price than market fluctuations in the price of crude oil. For example, we have that oil is falling, that it is growing, the price of gasoline is only growing  At the same time, suppliers shrug their shoulders and each time they give out some regular explanations why when the price of oil decreases, we do not observe a decrease in the price of gasoline. No, I do not demand that the price of gasoline be reduced on the same day, I understand that this batch is still from that expensive one, but when a batch of cheap oil comes to an oil refinery, should they get gasoline with a lower cost at the exit? PS I'm already seriously starting to think about buying a Tesla in exchange for my current device with a 4-liter gasoline engine it seems that for local gasoline prices in my country as far as I have observed, it's easy to raise it but hard to lower it. when gasoline prices increase, of course there will be many demonstrations, but they will disappear along with habits, but when world oil prices fall, the government is reluctant to lower the price, maybe because it requires extra energy to increase it again along with world oil prices. |
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I agree, it's too early to panic. We don't have a log of information yet. Panic selling could leave us hanging if the prices rise again. Better go just wait and see how bad is it really going to get. I remember last year when the news about the Delta and the Lambda variant came out. People were freaking out that the vaccines didn't work anymore, but in the end it wasn't true and the vaccines still seem to work. Reacting to the first news without having any scientific proof is not good. I will sit this one out and not sell.
I think that if we think long term then panic selling will not happen, especially because of the virus issue that continues to grow. even though if I'm honest sometimes we are tired of the news about this virus. therefore I don't think there is a permanent effect, so this requires attitude and reflection from within us |
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I don't follow the 2017 moment when I look at the market conditions then and this year. This looks like a different trend. so far this year the market looks stronger. different from the spike that occurred in 2017.
I hope there is no strong spike that will eventually create a negative trend. I think it would be safer if bitcoin growth later this year could be more stable and that could be an opportunity for altcoins to grow strong.
When you say don't follow the moment in 2017, how do you know about the market boom in 2017 ? this is a little strange for me to understand even though you can see all the price charts in the market every year, but for this year if Bitcoin can grow again slowly then the Altcoins will also grow more than that in the market, so nothing bad for any price increase in the market due to price correction is normal afterward. a little picture of 2017, where the price of bitcoin soared sharply, but after that bitcoin experienced a sharp decline, until the FUD news seemed to haunt us all, even many economists said the bitcoin bubble, but it turns out that the accusation is not true, and we can see it today, after reaching a new peak there is a normal correction. maybe because now there are many people who understand bitcoin and can give hope for the future |
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we know every investment has risk, but from investment we get the benefit that the amount of profit will be greater than bank interest or the increase in inflation every year. for me the tolerance for risk on every investment should be classified based on the level of risk. just as we divide the risk with several levels, of course the risk of investing in crypto will be greater than investing in property, therefore the importance of asset diversification
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What are the advantages and disadvantages of these two methods to store your coins?
Simply put you must never hold your coins at an exchange, now if you are a trader I understand why you have your coins in an exchange, as you are sacrificing some of the security of your coins in order to try to increase the size of your holdings. But if you are not a trader then your coins must never be in an exchange or any wallet you do not have the private keys, having your coins in a hardware wallet gives you complete ownership of your coins while at the same time it gives you protection from hackers that most people cannot get on their own, so if you have to decide between those two options then get a hardware wallet, I know they cost money but they are worth it. By understanding the explanation you mentioned above, I think it is a knowledge for all of us, that storing assets on an exchange is more risky, because even the largest exchanges have experienced hacking, therefore hardware is a wise choice where the responsibility for security lies with yourself. and finally we should understand the signs that a hack is about to occur, so that we can prevent it |
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I tend to prefer to store assets in a personal wallet, because security is our full responsibility, so we don't depend on other parties. Humans are not free from mistakes, therefore to be more secure, I usually store them in several wallets, so that if something bad happens, not all of our assets will be destroyed at once. Therefore, we must be aware of the risks at the beginning
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Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.
I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.
If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses
that is the reality that is happening around us. on the other hand, many of them feel proud and smart as if they can predict prices even though they don't have enough knowledge. confidently they invest and in the near term will get doubled returns, until a bullrun occurs they are still optimistic that prices will soar, but the reality of the market is different, and finally a panic sell occurs |
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Very important to have your goal, set your expectation to the point that you are willing to wait..
The current market still experinecing correction, topping to $70K within a month is not hard to accomplish
is that somehow, investors needs to patinetly wait and not to be drag by the pressure of the bear market.
Needed a lot of research if you are in plan to invest your money, this fall may be a good position to take
but not an assurance that it will not fall for more.
Oh, of course. Everyone who has invested in bitcoin during a market correction just need to wait and be patient to see the market recover. Although the current market recovery is slow, the good thing is that the panic didn't last too long and this allows us to expect the market to be bullish again. This investment is not a get-rich-quick scheme and we should not guarantee anyone to get a profit after investing. So when someone want to invest in this highly volatile asset, they also have to know what the risks are and they have to do their own analysis. But from many experience, this investment will be very profitable in the long term. In investing, we must be able to think relaxed with price fluctuations in the market, like I think people invest like taking a vacation to the beach, where we must be able to enjoy it and be carefree. the wrong thing today, many people use money from anywhere to invest, with the hope of getting rich suddenly. that way of course psychologically disturbed because they want to get rich quick as expected |
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Hello everyone.
Recently I became interested in the topic of trading bots, so I decided to study the information about it. After reading several articles, I realized that there are many different opinions and therefore it is very difficult to decide for myself whether to use bots well or badly.
So I decided to try a few bots. I drew attention to the bot announcement from NWC. I think it's better to use software from a well-known company. This gives more confidence in a good result. As far as I understand, a bot for testing on historical data uses certain algorithms to automatically detect the most important patterns on the charts.
However, is it possible that, in addition to simply detecting patterns, the bot also calculates the technical price target and looks at how many patterns reach it, so that the percentage of success of the trade can be determined?
How do you feel about trading bots? Have you ever used it and can you advise something about this?
I've never used bots and I don't seem interested. I prefer to learn manual trading because my hope is that from trading later I can live and become the main source of income. bots do not have psychology, while every trader has feelings, so at certain times bots cannot work optimally, in my opinion, therefore manual trading for me is better |
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for day trading, maybe I haven't been able to maximize consistent profit. for day trading does require a process and time to learn the market. it's different with investments where we can hold on until later we get a profit. it's different with day trading, where we need a stop loss as a safety if our analysis doesn't work
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