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At this moment, nobody desires a war, despite the ongoing conflict between Ukraine and Russia. While this situation is concerning, it's unlikely to escalate into a global war. Many countries maintain peaceful relations, and the true battles are being fought on the mental and economic fronts. The United Nations is actively involved in addressing these challenges.
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I don't know where to stand trying to reason the answer to your question but I'm seeing it this way . If you have very hairy cat and you love to cuddle it but it always resists that will you stop cause you care about that cat or you would just continue to do that cause you enjoy it . Having absolute power is addictive and you always exercise it . At times you wouldn't even notice . Any man can become that devil
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I believe this should not be allowed due to the significant risks involved, which could lead to extensive sea pollution and harm marine life. It seems that France has taken steps to recycle such materials, so why isn't recycling a more widespread practice?
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It's not fair to compare them since they serve different purposes 😏. To me I use them for different purposes. TikTok serves as a source of relaxation for me, and occasionally, I use it for advertising. While it's mostly for fun, YouTube plays a more valuable role. I primarily use it for educational purposes and believe it offers an opportunity to earn income as well. So, the perspective and intended use truly shape their significance in my life. It's a draw I understand them both.
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Some people who don't like Bitcoin have been criticizing it. They say Bitcoin mining uses too much energy and harms the environment. But often, these critics are supported by other digital currency teams that want to beat Bitcoin.
Now Imagine a game where people are trying to win by looking good and saying they care about the environment. They're playing this game in politics. Recently, in New York State, they passed a rule to stop Bitcoin mining. They say it's because they want to stop using dirty fuels for energy (Avoid Pollution). Bitcoin miners and data centers don't actually create pollution. They're not the ones causing the problem. Instead of dealing with the real issue, some politicians are just trying to score points by targeting Bitcoin.
When politicians say one thing but the facts say another, it makes you wonder why they're not on the same page. But regarless Bitcoin mining is winning. Some politicians who don't get it might complain, but entrepreneurs, investors, and operators will keep making progress.
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Broadly speaking, someone who invests in bitcoin is certainly based on their belief in bitcoin itself, and I see things that don't make sense when they invest in bitcoin while they don't believe in it, I can say they depend on luck and roughly they can be said to be someone who is gambling.
I was the same, when I entered and invested in bitcoin based on my trust in bitcoin with all the benefits offered. And I believe in it.
DCA is one of the strategies that is widely recommended, and I personally apply this strategy, yes even with a small amount but it is based on my ability in finances that I have planned as well as possible to prevent and anticipate something that I don't want to feel in the future / DCA.
It will surprise you to know that many people joined Bitcoin for the hype of bull run and not because of their believe in Bitcoin. To them, they just want to make huge profits over little effort and short time and these are the people that bought at the peak and some of them end up in agony during time of dips; agony because they were not psychologically prepared to handle periods of dips and consolidations. It is usually a matter of time before they truly understand what they got into and from then forward some will take the time to study the trend, the tech behind Bitcoin and how best to approach the market while others will sell at loss and live to rue their actions. If you are active in social media, you would have seen some people narrating their ordeal with Bitcoin; how they lost money and all manner of fud. What I find puzzling is the idea that some people get into Bitcoin because of the hype surrounding it, while others do it because they truly believe in Bitcoin. However, simply believing in Bitcoin doesn't ensure your success with it. It's a bit like how many Christians believe that Jesus will return soon, but if they don't follow His teachings and commandments, it doesn't guarantee them a place in heaven. What I'm trying to say is that, with Bitcoin, having a strong belief or getting caught up in the excitement of a bull run doesn't guarantee profits. What truly matters is the actions you take and the strategies you follow during these times, as they will determine your success, whether it's now or in the future. |
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I cannot completely deny or even avoid that well-planned things sometimes fail due to unexpected obstacles. Management is certainly necessary regardless of how much it is needed in the long term, I would also like to call it complex because management is not only about budget but also about risk management and psychological management.
The different financial strengths of one investor and another can differentiate their way and approach to investing. If I had $100 this month, then maybe I'd like a lump sum instead of DCA. But if I have $600 - $1000 then of course DCA is a good approach for me. It all depends on each person's finances, that will differentiate each other.
I appreciate your focus on managing risk when dealing with Bitcoin. Let me add to what you've mentioned. If you're an investor aiming to reduce your risk, you might want to consider Dollar-Cost Averaging (DCA). However, using this strategy means you're less likely to make really big profits but also less likely to incur losses. On the other hand, if you're looking for a higher potential to make substantial gains, you can opt for a lump sum investment. If your goal is to slowly accumulate Bitcoin while minimizing risk, even if it means having a smaller amount of Bitcoin in the end, then DCA is a good option. For most regular individuals who want to gradually build their Bitcoin portfolio, DCA is a wise choice because it allows you to get a reasonable amount of Bitcoin based on your available investment funds. The choice is yours to make based on your financial goals and risk tolerance. |
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People are trying to figure out the best way to invest in cryptocurrency because it can be very unpredictable. If you're an investor looking to reduce your risk, you might consider a strategy called dollar-cost averaging (DCA). However, using this strategy means you're less likely to make really big profits.
Dollar-cost averaging means putting the same amount of money into an investment over time. It's nice because it makes investors feel more comfortable. By spreading out your Bitcoin purchases over time, you're either buying when it's doing well, or you're getting it at a lower price compared to your first purchase, which is a good thing.
Some people prefer to invest a large lump sum all at once because you might end up with more Bitcoin quickly. But there's also a chance you'll end up with less. To decide between these two methods, you need to think about the risk involved.
If you want a bigger chance of making a lot of money, go for the lump sum. If you want to slowly accumulate Bitcoin with the least risk (even if it means having less Bitcoin in the end), then DCA is better. For most regular people who just want to accumulate Bitcoin, DCA is a good choice because it helps you get a decent amount of Bitcoin based on the money you have to invest.
What is your opinion?
And and which method do you prefer to be used in this present market conditions?
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I wont be sentimental on this because getting rich is a choice and as well getting poor is a choice. You choose which one you want to be. This question is kind of tricky to me but il solve problems for everyone for everyone class in the country. Something that would benefit both the rich and the poor. Wealth and income aren't limitless, although the hope is that they can become larger in the future than they are right now.
Also, while rich people getting richer doesn't inherently harm the poor, that doesn't imply that there aren't ways the rich might get richer that do harm the poor, either intentionally or as a side-effect. I don't see inequality as a problem and at that even it is it affects both the poor and rich so why not solve problems for both.
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However as your holdings of Bitcoin grow and our goals evolve, other strategies such as buying on dips and lump sump buying start to appear more appealing.
I'm not necessarily endorsing any of these types of strategies, I'm more of a dollar cost averaging/long term holder kind of a guy, but if you do insist on gambling trading then you should be more careful. Maintain a unique strategy would be a good idea but when you think you want to adopt other kind of strategy because you feel your good at DCAing you might lose what you have accumulated for years.... ITS NOT ADVISABLE! Everyone is ready with all the risks because the fluctuating price of btc will make someone have to think about everything they are ready to face. I understand your point but it is more than that. BTC has generally been pretty stable over the past few months, compared to lifetime volatility and to anyone who gets scared because of the fluctuating price of btc sholud be ready to get disappointed. What i have come to realize is that you haven't lost anything until you cash out |
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Yes that's quite interesting and you've said it all. Bitcoin must not necessarily be the only digital asset that should be passed down. Examples of other digital asset that could be passed down are,
I beieve our main focus here is bitcoin, lets priotize our focus on how bitcoin can be passed on to the next generation through inheritancee and how can we preserve the inheritance without conflict between multiple hiers. I believe we all know that there are various assets that can be inherited but we are talking on bitcoin so lets stay on track. If your next generation doesn't know about Bitcoin then they won't understand the true value of Bitcoin so first you need to make the next generation much more experienced about Bitcoin.
I'm pleased with your response, friend. I read a post about a Bitcoin enthusiast who was feeling very sad. He had accumulated Bitcoin for 8 years, but he was worried because he had cancer and might not live much longer. He had made sure his Bitcoin would be passed on, but his biggest concern was that his son didn't know about Bitcoin, and he might accidentally ruin what he had worked for all those years. I don't want to go through a similar experience. I'm definitely going to share my Bitcoin knowledge with my future heirs, so they can become even bigger holders than me. Who knows, maybe he could become the next generation's Satoshi. |
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I know there have been a bunch of people saying the market conditions are changing. And we are closing in on a halving which historically indicates a bull market.
REGARDLESS of people saying that Bitcoin is on its way to a million in 12 months (it’s not). Buying is still a sound advice.
The bottom has past Bitcoin could not be touching 16-17k again possibly ever and Bitcoin has found support as high as the 28k level. Majority of BTC addresses are holding. Even with wars, fed rate increases, government policies, inflation, is doing extremely well. It doesn’t make sense for such a large back track now and people will continue to accumulate and hold waiting for the halving.
For example: In the context of the topic of this thread, what are you doing? People are terrified right now, which is understandable. However, I will stand by my conviction that bitcoin will go up, and that these are the most favourable times to invest in it. DCA is a useful strategy for surviving in these circumstances without becoming upset. Are you buying dips? Are you DCA'ing? Are you lump sum buying? are you just waiting? or some combination of those?
Yes i am buying the dips! And DCA is a useful strategy for surviving in these circumstances without being emotional |
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Talking about BTC price... BTC is going to touch $28k but what it matters for long term holders we are zombie here who do not go after such short meat instead we go after big piece of meat but until then we have to pretend as we are dead as zombies. hehehe.
I know there have been a bunch of people saying the market conditions are changing. And we are closing in on a halving which historically indicates a bull market. REGARDLESS of people saying that Bitcoin is on its way to a million in 12 months (it’s not). Buying is still a sound advice. The bottom has past Bitcoin could not be touching 16-17k again possibly ever and Bitcoin has found support as high as the 28k level. Majority of BTC addresses are holding. Even with wars, fed rate increases, government policies, inflation, is doing extremely well. It doesn’t make sense for such a large back track now and people will continue to accumulate and hold waiting for the halving. |
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It's cool that Bitcoin can be passed down like an inheritance. But it's not as easy as it seems. It's something to think about, even though it might seem like bad news. I understand that I didn't know what would occur with my small but growing Bitcoin savings if I died suddenly. This is a topic where we should face reality and find a solution. People who are new to Bitcoin might not be thinking about what could occur to their Bitcoin if they were to pass away unexpectedly. I have read through many comments. Someone talked about
✅paper wallet,
✅Keeping a hard wallet with a lawyer and giving access to children after their departure to the land of the silent.
✅Another person also suggested teaching their wife's the know-how.
✅And many more suggestions, this suggestions are good but here are my view on each of them.
Oh, wouldn't it be cool if a big platform added a time capsule thing? I could put away some crypto that I can't touch until a certain date. And then I could even send this capsule to someone.I could also create wallets and keys for my kids, but they wouldn't be able to use the crypto until they're 18. Haha, it'd be neat if I could give them a certain amount of Bitcoin for their birthdays every year for 30 years. I believe we shouldn't just figure out how to give it to our kids or future generations, but also show them how to use Bitcoin properly so they can handle it well after we're no longer around. |
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Coincidentally, I am also using this method. While I know this isn't the safest solution for many people, it's the safest for me and I haven't had any problems in years.  Buddy this is one of the worst idea in my own perspective and i wouldnt advise anyone to do so or even bring it up such a suggestion. What you had to misplace the drive or perhaps it got damaged by fall or accident. How would you pass it on to your heirs? |
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Out of every 10 people in El Salvador who got the government's special bitcoin wallet called Chivo, only 4 people still use it after getting $30 worth of bitcoin as a reward from President Nayib Bukele's government. This info comes from a report by a group in the U.S. who look at economics.
The report says, "Most people who used Chivo after they got the $30 bonus don't keep using the app a lot." They talked to 1,800 grown-ups in El Salvador in February to find out.
The report also mentions that 6 out of 10 people stopped using the Chivo wallet after getting the bitcoin reward. If you want to know more, you can watch a video to see what Salvadorans think about bitcoin being legal money.
In the EDIT part, the person suggests that instead of just giving $30 when someone signs up for the wallet, the money should be given after someone finishes a task, like learning something on the app. This way, people can learn and get money.
If a government intends to make cryptocurrency an accepted form of money, how do you believe they should encourage and motivate the public to use it regularly?
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Planning is the first stage of anything that is associated with consistency. It is following the plan that is called consistency. DCA is itself a plan and following your DCA is the consistency.
I get your point, but I don't see consistency as just following your plan, as plans can be followed in different ways. Let me say, for instance, that I have a plan to accumulate 1 Bitcoin before the end of one year, and initially I strategize to buy another 0.08335 before the end of every month. In the first two to three months, I was able to achieve that, but because of some kind of personal issue, you decided to shift out the amount you want to accumulate this month, but with the belief that you will be able to gather more than you plan for the next month so that you can cover up the balance of last month. In such a case, I don't see that as consistency, as I view consistency as the process of doing a particular thing constantly, nonstop, until the purpose of that thing is achieved without even bridging any of the set-out plans along the way. You've raised a valid point worth considering, but I still find myself agreeing with oduhu. He mentioned that consistency lies in following the plan. For instance, if the plan is to accumulate $1000 worth of BTC by year-end, and I achieve this goal each year using the DCA strategy, then I am consistent. The specific methods I use to reach that goal within the year might vary due to trends or economic factors, but the important part is maintaining the consistency of achieving that $1000 worth of BTC annually. |
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Afaik OP is just repeating which has been discussed here multiple times. Rather repeating what most of us know why not tell us how these points helped you in your trading journey. Share your experience and do tell us how you improved your trading outcome with help of those points. It doesn't matter some of them did good or bad I would like to know how it all went. If you don't have anything practical to share then don't bother creating such topics in the future.
It seems like you're also one of those individuals who comment on threads and say the same things, like questioning why someone doesn't explain how something was helpful or how it aided their trading. It's kind of funny, hoping for a favor maybe? But not all threads are meant for everyone; they provide information to specific audiences. Even if I were to explain how it helped me, you might still find something else to comment on. If you don't find this thread useful, feel free to move on to the next one and please avoid telling me what I should share. Thank you. The simplest way for most people to learn is to simply experience being burned. No matter how much you teach people on how not to do it(by learning based on history), experience will almost always be the best teacher — most especially in the context of trading and investing.
You make a valid point, although I don't entirely agree that experience is the best teacher. That's what they commonly say, but it doesn't align with my perspective. In my opinion, learning is the best teacher. The more you learn and practice, the closer you get to becoming an expert. This is what ultimately leads to gaining experience. You don't necessarily have to make mistakes to become skilled. There are valuable experiences shared by experienced Bitcoin traders, both here and elsewhere, that you can learn from. |
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Everyone is different, and every situation is special. So, what might work for one person might not work the same for another, and it might not work all the time either. Here are some tips to help you set aside your emotions and stay focus on your trading stratgy.
Make a plan and follow rules you set without breaking them.
Only invest in things you understand and believe in.
Always do your own research and think carefully.
Think about how much you could gain compared to what you could lose.
Try meditation and mindfulness to stay calm.
Only invest money you can afford to lose.
Keep a journal of your trades and feelings, so you can learn from them.
Take breaks when needed.
Find other good things to do like reading, being outside, or spending time with loved ones.
Notice if your actions are causing stress and talk to someone you trust if you're having problems.
Hope this helps!
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