This will be depending on the country where you reside for there are certain cases and issues that have been raised within the forum for the past months having the concerns of banks closing their accounts due to crypto related transactions for there are countries that have strict restrictions with regards to that but I guess that have been resolved already since I have not been able to read such cases for the past weeks which I conclude those were already have been settled for good due to communication with the government and national banks of those people having the same cases.
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Many people have been driven into crypto not primarily because they were afraid of the potential virus that can be obtained and transferred through physical money (fiat). Many are primarily have got into crypto because of the crash that happened into stock market and due to the reason that many people cares about their investments, they have been into crypto to continue their activity in relation with investing since crypto market have been least affected by the pandemic. With regards with modern mode of payment through digitalization adaptation, it is also due to pandemic but mostly those were centralized since there are countries who are still not into accepting crypto as a mode of payment.
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Expenses must have their limits as well. Yes, it is just right that you cannot spend your money once you die but better make it sure that what you spend are pretty worth the money because if not, then you will just be wasting your time and money buying such. Better think of spending into worthy once for I am pretty sure you have someone that can carry out the money you will left behind once you die. Forget the concept of being a one day millionaire. There is nothing wrong in spending for your own sake. But assure that you are spending it wisely.
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There are many what ifs and late realizations that are coming up into the minds of people now that we are currently seeing the improvement that have happened with Bitcoin. Ever since it was created way back 2009, only few have believed and too many have doubted on its capacity to grow and last for years. Now that we are having Bitcoin right in front of us with incredibly great price, many are saying "what if, I really regretted I haven't invested into Bitcoin at times," and many other things like that. It is now too late to play back time because late realizations will do nothing but regrets. What is the important thing is the present and the possible future right ahead of us. We must just nourish that and make things possible to not make the same mistakes and regrets we have in the past.
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Bitcoin and Altcoin markets are two different things so do not always put up comparison between those two. Also, the possible reason why Altcoins do pump exponentially on greater percentages compared to Bitcoin is that they are starting from the bottom price getting into an increase improving their prices and seems to be more possible to get pumped up compared to Bitcoin that have already attained greater heights compared to what it is few years ago or even even since it was created. Be just thankful that Bitcoin is still into rising but even it dumps, then it is a great opportunity to grab on.
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Everything must really start from identifying or knowing the field you are aiming to have an engagement with. You must have at least basic information about such thing and truly understand on how things works before you got to engage or put up money for investment with it. Assessment is also an important thing to be done before directly engaging so that you can simulate in your mind on how you will put strategies that will be favorable to you since your aim from investment is to earn profit. Execution is the last phase but is a continuous process that will involve all that you have learned from the very beginning to keep up on surviving with the investment you have decided to make. Always make it on point that you are doing it step by step and not jumping into execution for it will be too risky and might lead you to loss.
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You were doing just fine as long as you are keeping a big part of Bitcoin in your portfolio and have been diversifying the remaining parts into Altcoins. It is just that you are having plenty of coins in your portfolio which might make you have a hard time keeping them on track. Better narrow down the range of your coins into the most important ones which is difficult of course for there are lots of promising and potential coins out there but for the sake of you to keep them on track and manage it properly, you should lessen it a bit. But if you were just doing fine with that, then it will be just good to go.
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It will be needed also to consider the country or place where you reside for there are some instances that there is a tight or strict implementation with regards to conducting transaction of crypto and wanting it to be cashed out through bank account in your country. I haven't been into using KuCoin for I have been using Binance on my trading transactions as well as into other crypto related stuffs which I have not been experiencing any hassle doing selling and cash out through my country's currency.
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Maybe the problem here is the way you put up your order in the market because basically if you are doing it right, you will be doing just fine. It might be the time frame you decided to put up your trade that is making you have a trouble in trading. Volatility of Bitcoin might cause you into trouble having no idea how you will manage to get along on managing the risks and the odds to be somewhat be favorable to you. Volatility of the market gives us the opportunity to make profit. It is just that you need to assess the market and be able to decide how you get along with it.
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I do not momentarily run once I experience loss in trading for I just barely know that such is a part of doing trading. What I just do is rest for a while and observing the market and once I got something in mind that I think can help me out, I will come back again to try and the process repeats on a cycle. I just keep on trying until I get through that because if you will just keep on running and is afraid or having a hard time facing losses, then you will not grow for you will be just facing lots of stresses and that will not help you out surviving trading with crypto.
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As the word says "buy low and sell high" sounds too easy but the reality of it is that it is very hard to be executed for the fact that knowing when to buy and sell is a challenge already that even long time traders are still having a hard time to put into proper timing. Strategies on trading are easy to be stated but hard to put into action for we are working in a highly volatile market on which time is also an incredible foe to be stated since within a time frame many things can happen. It is up to you on how you will strategize your trading. Just be sure to be familiar on the market you wanted to get into before doing engagement to somehow manage the risk associated with it.
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We can see how climate change or most likely those who are hard to be controlled are into the high risk part of the chart which includes infectious diseases for even with the advancement of technology and modern medication, it is still hard to find and resolve modern mutation of virus that creates diseases transferred to living things. Maybe the reason why weapons of mass destruction is in the less high risk is because it is found to be a potential mass threat that can still be manageable but considering the damage it would cause, probably it will line up along the high level risk near climate change.
Regarding Bitcoin hacks, I think it can be considered to belong into asset bubble or into cybersecurity failure for both concerns the nature of it and can range the risks included on potential hacks.
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Holding is really a big thing specially when it comes to crypto for the prices of different coins can have the potential to exponentially increase which is good for you can attain profit once you endure the temptation of selling and waiting for a perfect time to let loose and obtain your profit. But that is just easy to be stated for we are having different scenarios and enduring such is not an easy thing to be done but that is fine. As long as you can endure, then hold, but if the need is calling for you to sell, then do it. Do not make yourself suffer for you still have plenty of times to try again the next time around.
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Most of the time I do stick into my plan when it comes to trading. But since we are working with a highly volatile market, there will be instances that things do happen that is unfavorable or out of the plan which needs to stick out of it and think of the best approach that will suit the situation. I somewhat having back up plans as well based on the possible assessment I have in my mind but if still things do not work out, I need to hang up a bit to strategize on the spot or take a rest for a while to assess what I am supposed to do.
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You do not have to push yourself too much on doing trading for the fact that everything that is beyond your limitations or beyond of what you can carry out will be bad for you. There must be a spare time for you to take a rest from too much thinking and stressing out yourself on trading and there are times that you can grind on doing your trades. There must be a stable balance for taking care of your health and doing your trading job. Nothing must be compromised among the two for both are important. You cannot enjoy the fruit of your labor once you are in need to spend those for your hospital bills and that makes it nonsense anymore.
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The outcome is not always what we wanted it to be. There are lots of factors that are needed to be considered to make it possible and we must be contented for a while that Bitcoin is still into good phase as of the moment which is good for all of us. Reaching $100,000 is not really a goal this year for we are looking up on how Bitcoin can last into the top compared to the past years of it existence. If it is really meant to be, Bitcoin will be reaching $100k sooner or later. Just be patient and do not get frustrated. Trust the process.
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Maybe the worst piece of advice that someone I do know and someone I do not is to stop patronizing or supporting Bitcoin for they are seeing me as wasting my time and I am just pathetically having my sweet time dreaming that something like that will boom any soon around. But look at them right now, chasing the phase of Bitcoin to buy and see if they can make it through themselves to attain and reach the peak I have because I still believe on Bitcoin despite of their discouragement.
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It is a very good observation to see even the finest and smallest detail of how those scammers have been doing their works seeing those mistakes that might lead up to conclusion that they are not really fit and legitimate to be stated. But even such concept and idea is identifiable, still many people do fall into those scam schemes which have been victimizing many people specially newbies to dive into their websites or projects because of what they offer thar serves as trap for people to get along. What is good to be true may be possible to be a trap of a scam scheme so beware and be mindful of such acts.
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Different people do have different goals as well which makes them different also on how they do thing on their own. So when it comes to buying and holding their Bitcoin we certainly do not know when they will stop and when they will going to sell for it is in nature in people that as long you are seeing bright opportunity from something you are doing, the tendency is that you will just continuously doing it like it is becoming a daily routine of you. Now, if you are really that curious about such, better ask those influencers and big time personalities through their social media accounts the only way possible to know their stand about what you are asking for because you will not know exactly what they think if you will be picking a guess.
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I guess there will be no problem if you do so travel across different nations in the globe while bringing a hardware wallet passing through immigration for it have not been declared to be illegal by having one upon entering across border of other country for travel. The only thing you might get concern is that if you might lost it along the way while you travel which will make you aware that you might have waste money for having hardware wallet may cause you money to buy another one. Just be aware before taking travel to know policies of the country you are going to better assess if you must bring your hardware wallet with you or not.
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