Exactly, nothing weird with borrowing money to invest into bitcoin, isn't that how big companies do their investment too, they ask for a loan to complete the project and when the project is complete, then the borrowers will start to pay the lenders.
But to compare someone to a company, that's a weird type of comparison. Honestly, I'll say that it's weird to borrow for bitcoin, it's not an advisable thing to do. We all believe that someday bitcoin's price will increase but to pay off that loan of yours, whether it will be from a relative or a loaning firm, you shouldn't do that. And there's a huge difference from an operating company to an individual that borrowed money to invest in bitcoin, he'll never know when he can pay that in full through his profit from it. While a company, it has a projection on how they can be paid in full with their loans. |
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It is their requirement and discretion to have a minimum deposit and withdrawal. There is nothing we can do with that if they're requiring us with their minimum deposit. There's the recent update that they've made, I think that included that minimum deposit. https://www.huobi.com/support/en-us/detail/24884454798546 |
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The newer ones have to make their research very well because they're the ones that's very prone to losses if they don't do research.
It is all about how they're going to make themselves better as with researching what are the valuable cryptos that they can, they're also helping themselves to improve and to avoid coins that they shouldn't invest.
let alone researching new projects and carried out by beginners in doing business in the crypto world. Of course, you have to be very careful because this can have a bad effect if you analyze it incorrectly. indeed we know that there are thousands of altcoins, and when a storm occurs it will be like natural selection. for a trusted altcoin then he will be able to survive until the next bullrun occurs As for those coins that have been reputable in the market for such a long time, there will be a lot of years for them to survive and they're hard to be seen dropping down until they go zero volume. But not all of them will have their survival moments as many of those reputable projects years ago that are no longer a thing today. That's why research is a must not only for newbies but for everyone. |
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That's okay. You're still holding bitcoin and you just did the right decision but it's needing for you to hold a little bit longer until you see that doubled profit you should have will be surpassed by the decision you did. Do not be disappointed with what you did, you can eventually get back those Cardano's if you want to and shift back to it but just keep those bitcoins.
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that's true but the risk is also very high, very worth it when you want big profits with big risks too.
I would advise you to invest in coins that have a high volume at CMC, it is very promising with a much lower risk.
Those people that wants to take bigger risks with small amounts, they're thinking of millions of return. But in reality, they're only buying those worthless coins that have been listed in cmc and any other trackers and as well as exchanges. There's high risk in short term and there's moderate risk if you go long term. To give the idea to those investors that don't know what to choose and what to do, they have to look for those coins that they did researched and have the confidence upon buying. for those who don't know research, maybe bitcoin can be an option and put a little capital to learn to research projects so that with a little capital on the altcoins being researched will minimize the risk as well. and most importantly we stay safe by investing most of the capital in bitcoin Investing in bitcoin is the option that everyone has to do, newbie or not. But this is not being considered by many newbies because they look at the price and finds it not well because it's considered expensive. They do not know that it is the key to survive in this very volatile market. But instead of doing that, they look for some quick gains for unknown altcoins that somebody referred to them and the result, they never liked it. |
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oops, 95%
I think it's true what he said, a lot of worthless coins, coins that rely on FOMO, and the hype of one coin before, a lot of coins like that, nowadays
The next NFT-based coin will definitely be a lot too, sometimes new coin founders don't have creativity in finding their project ideas and they just do the Fomo and really intend to cheat
It is true, most of the projects if not a scam, made while there's a hype for that certain category. Like in ICOs, there were a lot of projects that have been made. In IEOs, there were those that have been made during hype and now that there's the NFTs, there's also hype on it. And that's why those not successful projects that were made during those periods, despite being launched and now in the market, they don't have that much volume and they stay in the market and counted. For those people who had been on this market for a while is already aware on how this market works or behaves in terms of those projects which are totally shit and just driven off with the hype. If you are just new then you should really be careful on dealing with things because it might be looking to be interesting but in behind it is just really trying to lure in peoples money. Always make up some research before diving into anything because if you are just too careless and investing into something which is unsure then most likely losing money is really always next in line. The newer ones have to make their research very well because they're the ones that's very prone to losses if they don't do research. It is all about how they're going to make themselves better as with researching what are the valuable cryptos that they can, they're also helping themselves to improve and to avoid coins that they shouldn't invest. |
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You have all of those but in the end, you'll still be having bad experience due to the situation that you have to deal with. Even the best traders do also feel panic and they cannot contain it.
No one is exempted with that when you trade because it normally happens whenever we see the market isn't in the shape that we want to see.
Sometimes we know that we should retreat, but greed makes us keep holding and it is difficult to control ourselves. Yes, that's how it should be. You're not weak if you know when you have to retreat. As for holding, it do matter that you have complete faith with what makes you hold even if you have to retreat. But sometimes, yeah, it should be the solution for you to take some time and have a rest. Go back when you think you're stronger and you can manage to beat your emotion. emotions become the muddler of our clear mind to analyze and determine attitudes. lest we take the initiative when emotions dominate, so that this can make mistakes in acting. but unfortunately humans cannot be separated from emotions, so we must be able to manage it and still be able to think clearly We cannot be separated from our emotions but we can control it. I sometimes feel that I cannot control myself so I act as if I'm doing something forcefully just to take out what's inside of me. I know that seems to be odd for some but when you're emotional with something and you cannot control it anymore, you tend to do things just to put your emotion into it instead of letting it stay inside you. |
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You have all of those but in the end, you'll still be having bad experience due to the situation that you have to deal with. Even the best traders do also feel panic and they cannot contain it.
No one is exempted with that when you trade because it normally happens whenever we see the market isn't in the shape that we want to see.
Sometimes we know that we should retreat, but greed makes us keep holding and it is difficult to control ourselves. Yes, that's how it should be. You're not weak if you know when you have to retreat. As for holding, it do matter that you have complete faith with what makes you hold even if you have to retreat. But sometimes, yeah, it should be the solution for you to take some time and have a rest. Go back when you think you're stronger and you can manage to beat your emotion. |
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that's true but the risk is also very high, very worth it when you want big profits with big risks too.
I would advise you to invest in coins that have a high volume at CMC, it is very promising with a much lower risk.
Those people that wants to take bigger risks with small amounts, they're thinking of millions of return. But in reality, they're only buying those worthless coins that have been listed in cmc and any other trackers and as well as exchanges. There's high risk in short term and there's moderate risk if you go long term. To give the idea to those investors that don't know what to choose and what to do, they have to look for those coins that they did researched and have the confidence upon buying. |
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Any strategies out there to help you determine that it's the end of the dip for this period?
Self-analysis, instincts, own speculations, own predictions, that's my way. We've got almost the same thing when we're determining the dip is lower. Not so good with technical and fundamental analysis and that's why sometimes, I'm using my own instinct and thoughts about the market. We have our ways of determining if it's the dip, looking at the chart will always be helpful and if there are other factors that might help you do that, do it. we use indicators it might help a little, for example we use the Fibonacci indicator, I think the 50-61 area is a good area to buy, although sometimes it doesn't work, at least we have a reference to buy in that area, because most prices will react in that area that Yes, those indicators are helpful too and most traders, they're using those indicators because it's more near to having a better accuracy than those that we've got. I think it's part of self-analysis but it isn't just mentioned too broad by him and me but we can conclude that with that and it all sums up to those indicators that you know and how to do it. |
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oops, 95%
I think it's true what he said, a lot of worthless coins, coins that rely on FOMO, and the hype of one coin before, a lot of coins like that, nowadays
The next NFT-based coin will definitely be a lot too, sometimes new coin founders don't have creativity in finding their project ideas and they just do the Fomo and really intend to cheat
It is true, most of the projects if not a scam, made while there's a hype for that certain category. Like in ICOs, there were a lot of projects that have been made. In IEOs, there were those that have been made during hype and now that there's the NFTs, there's also hype on it. And that's why those not successful projects that were made during those periods, despite being launched and now in the market, they don't have that much volume and they stay in the market and counted. |
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Any strategies out there to help you determine that it's the end of the dip for this period?
Self-analysis, instincts, own speculations, own predictions, that's my way. We've got almost the same thing when we're determining the dip is lower. Not so good with technical and fundamental analysis and that's why sometimes, I'm using my own instinct and thoughts about the market. We have our ways of determining if it's the dip, looking at the chart will always be helpful and if there are other factors that might help you do that, do it. |
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I prefer investment because investment does not need to keep checking the price of our coins. While trading takes a long time and must have good skills. If we are not smart in buying coins we can experience losses. While the investment risk is smaller and the profit is also large.
It doesn't really require checking all of the time but if you have invested heavily to a certain crypto then you're worried most of the time, and that's the reason why you have to check it from time to time. And for trading, it doesn't really takes a long time as you do it. What's taking it long is how you will understand trading alone and how to be good with charts reading and technical analysis. |
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You have all of those but in the end, you'll still be having bad experience due to the situation that you have to deal with. Even the best traders do also feel panic and they cannot contain it.
No one is exempted with that when you trade because it normally happens whenever we see the market isn't in the shape that we want to see.
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It's just a situation that can never happen. Even if huge countries does that, there will be pro-bitcoin countries that won't allow that to happen. Anyway, there has been too many discussions about these if situations, and if that happens, we'll still continue and transactions would occur peer to peer and there's no need to cash it if that worse situation happens.
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We all know market is unpredictable , a single bad news can distory the every thing , but we can say at december btc will cross it's all time high , now already market is in very good condition , but be ready for 2024 ,
We can give predictions and tell that this month and that can always be the good months of crypto. We're in August, so from January to this month currently. There are too many things that has happened to the market and most of them were in favor of crypto. Despite some dips happened, look where it is today and how much bitcoin is lately. |
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Along with the development of cryptocrancy, there are many things that happen in it, one of which is a scammer, where scammers often occur in bonty and airdrob, I think to avoid this it is better to research carefully whether the bonty and airdrob have an official website or address , if not, don't ever go into it, because it can make you a big loss.
To avoid it, aside from researching carefully is to avoid joining those suspicious bounties and airdrops that might get your attention. Well, about making a big loss as you mention with those. There's no capital that you're investing into both of those but what's worse is that you're wasting your time. Not only wasting your time actually but you are also part of the scam as these scammers will victimized investors with lack of knowledge and they will just leave after the crowd sale, in the end, you'll get nothing from your contribution but investors are scammed because of the promotions of the bounty hunters with lack of knowledge. If we will not support a suspicious project, it will not gain awareness to the community and investors will be safe from scams, that's the logic. It is true that they'll get nothing from those scammers and they've promoted them for free. That's why at the beginning, if you know how to spot a scam. Do not waste your time, avoid it and never join them. You have to look elsewhere if you want to join these airdrops and bounties but to tell you that only really a few of them becomes successful. |
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That's typical for the newbies. Been there done that and I think that learning from that experience will make them better if they will take care of their assets and still has the desire to continue.
It is very important to learn how to work with your own funds yourself, and not seek help from someone else. If a person listens to someone's advice, then he misses the opportunity to learn and gain experience from his transactions, he will not be able to conclude what was done wrong. It also greatly increases the risks of getting caught by scammers, which often leads newbies to a loss of funds. It's early to sell, this is one of the most common mistakes, a person sees a slight fall and in a panic hurries to sell his coins, but if he carefully read the forum and used the experience of people who is on the forum many years, he would know that perhaps one of the best strategies for today is hold. It is okay to seek help from others. And those others should be more knowledgeable to you and their approachable and the most important is that you know them well. You just don't cross to anyone that you want to ask help for but you really don't know the background of that person. There's nothing wrong to seek help if you really don't know what you do. |
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my friend that new in this world, try to invest in bitcoin when the price low, (before the last highest).
It cannot be determined by them because they're new and every single price action of bitcoin can be said and speculated as its lowest and highest. but, he never have patience and just sell when the price drop just a little. he lost some, and regret after know that the price is grow. view month ago, he join on some telegram group for crypto, and loss money again because of scam.
That's typical for the newbies. Been there done that and I think that learning from that experience will make them better if they will take care of their assets and still has the desire to continue. |
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Nigeia is not so big as China, but if right step is being taking on this their move to create it's own digital currency I think it will have a great impact on the crypto space, especially if the country then accept the use of crypto currency.
The country is not so big, but current analysis shows they are the top one countries making use of crypto.
That country has a large volume if you're going to search it on those platforms and exchanges that supports that country. They can influence on their own market locally. And there's for sure the impact that will happen regards to this news but just as any other country that promotes their own crypto, it won't be volatile just as the typical crypto that we know. |
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