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I know you haven't heard of $near yet, the trending and future blockchain which already posseses the features of the hyped ETH 2.0, well not to say much! I believe so much in $near and I can boldly say fundamentally that coin is bullish, well I would also advice you not to take advices blindly, try as much as possible to make your own researches (DYOR) it would really be helpful dear friend.
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The fact there is we panic too much, congrats to those who bought the dip, truth be told most of us where afraid of the market crash seeing bitcoin fall with such a high rate, every dip becomes dipper, many was scared and sold off especially when bitcoin crosses it's death cross, there was literally no hope and many people where already getting prepared for the biggest dip but the reverse became the case and this taught us a great lesson so far
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I just get my advice form history... History almost always repeats itself, and it's a better gauge than anything.
You can get advice from as many random sources as you want as long as you can find an example of where it's happened before or if it's about to happen and confirm it on a chart or however else.
That's actually a good strategy tho, truly history repeats itself, you know I never taught of using this strategy but sometimes things do changes a bit so using this strategy we should also be observant as well because things might turn out the other way round. And I will also advice we shouldn't take random advice blindly, try making your own researches. |
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Well I really don't agree with you on this one, Elon Musk statement didn't pull out any big move on the market, so I can possibly say it's Elon Musk who has lost his tweets Power, back in the times where prices where booming people did believe in him because once he makes a tweet it kinds of reflect a bit in the market this is because people trusted his words and follows what ever he say but now that doesn't work any longer so you shouldn't panic.
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Your are right for me I think this is the best time to bag up those gems we know is really gonna do well, price has been pumping real good in the past months and most people where scared of buying due to there didn't wanted to buy a top, and now price has dipped real good so like you said now is the shopping time after the market crash price has rested at the bottom for a while now and I think it's time for it to find it's way up, at this point am buying up my favourite coin which is $near, definitely am getting rich with it once the market starts going back up.
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I got the point you are trying to portray, keeping money in banks as saving is shit, because banks would use your money to make big incomes and gives you peanuts in return, no matter the volatility of crypto choosing a potential coin and saving your funds there is much more better than saving in banks, but honestly speaking I don't agree with your photo, $1800 can't be that huge, but well it's fine I got the message your trying to pass on but next time try to make things go accordingly.
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The crypto market is all about risk and reward, but you must manage risk to stay profitable, looking at the market I could possibly say it isn't a trap tho, so many good news dropping lately and this is actually building the mind of investors to invest, so price is likely to pump but if the reverse be the case your risk management here would depend on the coin you invested in, choose a coin with great potentials and strong support, that's why I choose $near! It's project is fucking rich and pulling out big moves in the crypto space already.
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So bad ethereum network got so congested and using it's network became so complicated which is so bad, users paying insane fees for transaction with a slow network as well, back in the days of 2017 eth was the best but currently due to it's limitations there are so many projects competing with eth, and most of them are just imitations of other networks but I found the Near protocol blockchain being so unique and even possess the features of the hyped eth 2.0, seeing this i was kinda thinking near was the eth 2.0 itself.
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It would be good to know that long term hodlers are really profiting very much, take for an instance BNB was around $20+ as of last year, checking the prices movement you will see $BNB hit a all time high of $700+, definitely who hodl Binance right from when it was $20 last year would surely be having insane gains, well for me I think it would be better to have a take profit for altcoins because price do fluctuates you can certainly make a cool profit and still loose it to the market except you intend on holding for years or you strongly believe that the project will do better in future.
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Literally patience is one of the key to success, so being patient in the right trade will surely pay off and truly always being anxious of how much profit one can earn from a trade can make a trader take the wrong decision because he will always be in a rush to jump in at any opportunity he sees without evening making some strategies, tryna think of how much you could possibly loose from a trade will kill that haste and make u calm down to take reasonable trades with good risk management.
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I don't think you need a loan in these circumstances. you can try to do some short term trades to get profit. I'm sure it's pretty easy if you're not too greedy. only a few days to be able to do market analysis, and you can make ends meet in a few days or reinvest if you want
First of all it would be better to know he isn't greedy because, In trade greed can even make him loose the capital he is planning on going to take, learning how to control trade is a very crucial case but if he can control his greed then surely there is no need going to take alone, let him make some short term trades surely he gonna make profit because the market is in a good state actually so entering at this point he can make some good amount of profit in which he could use for a long term investment. |
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Refusing to take profit has really ruined some traders, most times jumping into a trade isn't t the most important, our greed blinds us from seeing that a trade has made profit and that we should leave the trade, instead we keep chasing more profits. Just like holding a gold and keep picking stones. As a good trader we are supposed to trade with target and when our target hit we exit trade, to be a successful trader greed shouldn't be part of us.
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For a start it's always recommended to start with little funds so as not to blow up big amounts so easily, the more the newbie advance the more the capital will be increased as he keeps making progress, after learning fully then he can use a huge funds because it's certain he knows how to minimise loss and maximise profits at this point. Broadly in crypto or any other trading it's good to start up with a little amount to reduce the level of risk.
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From my experience I will surely choose Binance above every other trading platform, it's users interface is very much easy for both new and old traders to easily understand, and we could possibly exchange fiat to cryptocurrencies and even in places where bank to crypto transactions are restricted Binance creates p2p to make things very much easy, buying directly from people of same locality very easy and highly secured.
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Trading without knowledge of crypto is just like throwing a dice, its either a win or lose so it's merely based on luck which isn't supposed to be so, crypto isn't a game it's supposed to be a skill which makes trader being self employed so definitely it's a profession to most people who took out time to learn. Your not a trader yet if you have no knowledge about technical and fundamental analysis, that's actually what's gonna make you a professional trader instead of gambling with your funds.
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Being rich makes it very easy to hodl bitcoin or any crypto for a very long time, because there is actually no or less things to use money for. So a rich man with so much huge funds can possibly through out $60k to bitcoin or alt without being worried because he knows surely there are lot's of reserves for his upkeeps but a poor man hardly take risk because there is always a fear in him being afraid of loosing his life savings, and the few who takes risk will surely jump out too quick to secure capital and profit being made.
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The law of damand states that the Higher the demand the higher the price of the commodity, what can possibly push the price of bitcoin back up is whales accumulating at this dip. If the rate of buys increase prices will moon and also the market works with the news of happenings in the crypto world, if there is good news there will be a higher demand and price will moon but if there is a bad news people will start selling off which will now make prices to drop low.
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I will recommend you to accumulate $near, that coin is a rare gem, it's ecosystem keeps growing successful on a high rate, Nearprotocol is the current trending blockchain and has lots of unique projects built on it's blockchain. The success of $near project clearly portrays that it's token is still very much undervalued, so with no doubt this is a good time to accumulate $near and be rest assured that your investment is secured, do your research and you will be greatful.
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You know the government seems to be upset with anything there can't put under their control and would want to kick against it, but with time it's actually going to be a history because what must be must be, the ban some countries lay on bitcoin isn't stopping it's growth, it is a sign that bitcoin is gaining more traction across countries and soon it will be accepted globally, it's just a matters of time everything will turn out perfectly. Soon the government will get to see the importance of crypto to it's economy
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