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You posted in 2021, it's 2023 now, and the price of the MATIC coin hasn't experienced a huge price increase, so I think the reason is because the competition in crypto is getting tougher.
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I bought bitcoin and bitcoin was 50% I made a long term investment. and the other 50% I use for daily trading or maybe it can also be called a short-term investment. Indeed, if you look at short-term investments, to be honest, I have always been tempted by altcoins because if you trade daily in altcoins, if you can earn up to 20%, it can even be up to 50%. I just see that in altcoins the risk is very large. because if we fail our money can be drained out.
but I now prefer bitcoin for short term trading. because in bitcoin even though the ups and downs are not too high, the risk is not too high. and also the best thing about bitcoin is that the volume of ups and downs is very good. so for short term trading is very good. and little by little the money is increasing, but even though it's a little but it keeps going.
why did I name short-term trading the name trading ant? because of course we must have seen walking ants, even though they walked slowly but finally arrived at their destination, even though they arrived tomorrow or the day after tomorrow.
but I am a beginner and have no experience in the crypto world, so I am ready to be corrected if my opinion is wrong.
You did the right thing but even the volatility range of Bitcoin is less its still a big swing for a day trader because even 5 to 10% swing can eat you total profits so better not to do day trading is my suggestion and if you still want reduce the capital to 10 or 20% instead of 50% and gradually increase it upto 30% and never increase beyond that. Where the returns are high the risk also comes along with it. your advice is very good friend ,,, yes indeed like that is also good. but I do daily trading in bitcoin, of course I am personally ready to take risks, because if you buy at the top or are called buying at a high price then it doesn't matter to me, because if the price of bitcoin goes down and not to go up again. I will make bitcoin a long term investment. |
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but I now prefer bitcoin for short term trading. because in bitcoin even though the ups and downs are not too high, the risk is not too high. and also the best thing about bitcoin is that the volume of ups and downs is very good. so for short term trading is very good...
but I am a beginner and have no experience in the crypto world, so I am ready to be corrected if my opinion is wrong.
There is plenty of data that show that most newbies doing short-term trading lose money in the end. Whatever secret or magic trading strategy that you have developed is likely to fail. Also, keep in mind that people who promote or sell trading strategies don't make money from those strategies, they make money from you. thank you for the advice friend ,, hopefully with the motivation from you make me to be careful in short term trading. but I personally don't worry because I trade short term in bitcoin. so I will not sell it before there is a profit to be made. because trading on bitcoin is safer, even if the price of bitcoin goes down but most likely the price will go up again. because bitcoin is different from altcoins, for altcoins if the price goes down then the potential to go up again is very doubtful unlike bitcoin. For example, many of our friends have experienced losses, such as investing in altcoins such as ftx, Luna, and so on. so by investing in bitcoin even though short term trading I feel safe. |
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I bought bitcoin and bitcoin was 50% I made a long term investment. and the other 50% I use for daily trading or maybe it can also be called a short-term investment. Indeed, if you look at short-term investments, to be honest, I have always been tempted by altcoins because if you trade daily in altcoins, if you can earn up to 20%, it can even be up to 50%. I just see that in altcoins the risk is very large. because if we fail our money can be drained out.
but I now prefer bitcoin for short term trading. because in bitcoin even though the ups and downs are not too high, the risk is not too high. and also the best thing about bitcoin is that the volume of ups and downs is very good. so for short term trading is very good. and little by little the money is increasing, but even though it's a little but it keeps going.
why did I name short-term trading the name trading ant? because of course we must have seen walking ants, even though they walked slowly but finally arrived at their destination, even though they arrived tomorrow or the day after tomorrow.
but I am a beginner and have no experience in the crypto world, so I am ready to be corrected if my opinion is wrong.
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in my opinion as a beginner ,,,,, the answer is easy, that is,? we can't get a reward because our posts or the way we discuss are not of good quality, and of course the source of the reward will only give the reward to the right person to be rewarded.
and if a beginner doesn't get a reward, yes, you can call it reasonable because usually, a beginner's posts are always not good and the way of discussion is also always of low quality. but actually for beginners it's also easy to get rewards, as long as the posts are good.
but in my opinion the reward is not too important either because what we need is knowledge and experience as a result of the discussion. because knowledge and experience is very expensive.
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This is a good and right question.
When Bitcoin was created, the word "cryptocurrency" didn't exist. In fact it wouldn't exist for quite some time until people started creating modified copies of Bitcoin. That's when the need for a more general term arouse.
Originally "cryptocurrency" was defined as a currency that exists on a decentralized network of computers. But there are many cryptocurrencies that are not decentralized, and yet no one is bothered by this fact, despite their centralization defeating the whole purpose of cryptocurrency. This is because most people in crypto community only come here for high risk high reward trading and not actually to use cryptocurrency.
Crypto ecosystem is so toxic and useless that we might as well abandon it and say that Bitcoin is what Satoshi described it - a peer to peer digital currency.
now I understand with your good and reasonable explanation, I thank you. |
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I joined bitcointalk, because I want to add insight about bitcoin and altcoins. because having a lot of knowledge and insight will make life beautiful.
i am a beginner in bitcoin and crypto. I did not expect that there are people who can make money from bitcointalk. wow,, it turned out very extraordinary.
I think the most important thing because joining us here is to discuss bitcoin, altcoins, and other information. so that we can add insight that is good for us together, because if we have a lot of insight, of course it will make all matters easier, including in business economic matters and so on. especially
concerning about
investment in bitcoin and crypto. there are also people who can make money from bitcointalk, that's a bonus. because indeed I saw and researched that it turns out that people who make money from bitcointalk are smart and very great people, especially in their insights.
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the input you provide is very good and valuable so I thank you and also everyone who has replied to my post. and I now understand about bitcoin and crypto. |
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from all that incident I have taken a lesson, that bitcoin remains the most superior. because if we invest in bitcoin, of course it will be safe compared to altcoins. but yes, everything has happened, hopefully it will be an example for the future so that we are more careful in investing. but we also need to know that we must be aware that investing in crypto is indeed a risk.
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hi friends everyone? This is my first post, and I'm not experienced in the world of crypto. I want to ask, what's the difference between bitcoin and crypto? I hope all my friends can explain to me,,?
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