In my opinion if the coin I still hold has not been removed from the market then I do not say it is a loss even though the price is already very low.
In my opinion, to overcome such a situation, it is better to hold on to the asset until it finds the best price later. but if you still have another balance then you should put it on a coin that has a better price potential to get a profit. i will deal with it like what i have mentioned.
That's right, when the price of the coin drops, it can't be said that we failed or lost. While I still have savings for my needs, I also never sell my assets when the price drops. If I do that then I will lose. |
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According to my principles. When I decide to become a crypto investor I divide my money. I always have my needs met before I invest. And certainly we must have physical money because this is very influential in our investment journey later. If we run out of money in the middle of the journey, we are forced to take investment money. So this is why it is important to have physical money.
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True.. actually being a day trader is profitable but I think this is also very tiring. Because it takes up a lot of time and must always monitor the market situation. From here sometimes our emotions are unstable due to the effect of price fluctuations. It's true what you said being a long-term investor is the right choice on condition that you choose an established and good ln koi.
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I saw so many people become poor in America because they play bitcoin. I mean they consider bitcoin as gambling tool, this is very bad. Those people become very poor and sleep on the street at night in cold. This is a big mistake that done by them, this can be bad advertisement for bitcoin. Maybe those people who against bitcoin are saw those people who sleep on the street. However it is not bitcoin fault. People responsible for themselves, as far as I now gambling is always make people poor. In my opinion, if we want to invest in bitcoin then we should not consider it as gambling tool, we should have knowledge about cryptocurrency that we will buy. There are many people who doing day trading only based on luck, it is gambling. I think gambling mostly make people become poor. Bitcoin is not a gambling, I consider it as a currency and investment, I always get profit from bitcoin only by holding it. What I did is buy and sell in correct time.
Your opinion is very relevant to my analysis. I think they are hostile to bitcoin because they have failed at it. They are people who are big losers who make their lives a mess. This is basically because they themselves are too ambitious, do not want to learn, poor financial management. so that the blasphemy arises on the basis of their disappointment. |
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I'm very interested in the topic you created to remind us to continue investing in the future. What is clear for myself before I invest I settle all my bills. After all is done I will invest 20% every result of my hard work.
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This is a sign that you are very focused and serious about your field, namely bitcoin. You seem to have a lot of fun and ambition here. If these conditions do not bother you, no problem. But if these conditions interfere with your rest, then I suggest you to be able to relax a little and enjoy playing bitcoin.
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In the situation right now, I see how Bitcoin and Central banks co-existed with each other; popular e-wallet might not be operated decentralized, but them being regulated by central banks while adopting crypto makes it reliable enough. It made crypto convertible to multiple goods and transferrable to multiple money systems and firms. It's safe; the downside is that the services are only available for verified accounts, which I understand.
This is what should happen. It would be much better for bitcoin to coexist with banks because that's how it should be. They complement each other. What bitcoin doesn't have can be done by banks and vice versa. They have their own function. so let them coexist and complement each other much better. |
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I like this statement. Little but very meaningful. This is what should be the principle in any trading. Where we must be ready to make big profits and also be prepared for big losses. There are so many investors out there who don't understand this principle. So invest according to your ability.
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It is very risky to invest in a new coin which may be just hype. But if you're sure there's nothing wrong with trying it if it can be temporary. However, invest according to what you can afford to lose. Because we are already at risk.
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If talking about making money online we have many ways to make money such as making money from surveys , Selling online or maybe you create a website with attractive content to make money from high and free traffic . . You can become a youtuber / Blogger create videos or write interesting things like
Do you know any survey site that really pay? Or where tou dont have to pass thousands of surveys before you can withdraw or the one which has no minimum amount to withdraw? Or the site that sends surveys frequently. Years ago I have tries that method. At first everything was fast and minumum withdrawal amount was about 15 bucks. First surveys cost several bucks, but I start to receive 1 survey per month or smth like that. It took almost a year to get mininum withdrawal sum. Actually there are a lot of survey sites that actually pay their clients. I used to play surveys, it's just that in my country it is limited to access surveys abroad. However , the survey does take a lot of time , maybe spending the rest of the time resting with less than comparable results . But if you have a lot of free time maybe you can use . I'm looking for a survey whose minimum withdrawal is no more than $5 so I can reach it within a week. |
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Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?
If that 's what you expect . Maybe you should look for alternative money by working side jobs to cover your billing needs . So you can still invest the results of your main work into bitcoin..But this is not easy, it takes extra hard work and takes your rest time. What you worry about is that you will be depressed because of your own ambition. It may be better if you invest within your means after you fulfill your obligation to pay bills. It is better. |
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I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
If the money you are going to put is savings money and will not be taken, it is better to invest it in my opinion, it is better. Because the value of bitcoin is getting higher and higher. And you can plan when you can withdraw it according to your profit plan. If trading you spend a lot of time and must always be in front of the monitor. |
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Becoming a trader requires good analysis. Know which coins will be prospects later. And what is certain is that it is not just a matter of knowledge that sometimes makes us fail in trading, but from a lack of calm, emotion and panic. This is the most fatal , if the coin price drops a little they can not think straight . even though the ups and downs of coins is a natural thing.
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I think many beginners who fail are in factors 1 and 2 . They think bitcoin can make them rich overnight. When in fact we also have to learn to become a successful trader , it all starts with a small value . Especially with a small capital but hoping to get rich overnight .. that's a stupid thing.
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stop loss aims to put the brakes on your losses so that they are not excessive and not to avoid losses. In a trade anywhere, whether it's stocks or crypto, nothing is perfect, my friend. Everything is full of big risks and you already know what the risk is, namely losses and it's good that you can profit from trading.
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Until now I have never doubted about the ETH coin. Because from the time I bought this coin at a price of $200, I'm sure this coin is very good and has a bright future, so I'm holding on to it and of course right now the price is very good and I didn't choose this coin investment wrong.
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It's never too late to invest, although today the haega bitcoin tends to be higher than it was 2 years ago. It's ups and downs for sure.. But if we don't start now, when will we? Coin prices fluctuate, we never know how big it will be after this. So there is no need to hesitate to invest in an established coin.
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What is difficult for us to stem is that emotions are balanced with panic. Well this sometimes makes us make wrong decisions , do not think long and clear . Which in the end makes us lose a lot . This is what we must control, to stay calm and think clearly.
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With the following criteria...
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
Nothing is impossible my friend in the crypto world. It's just that the profits are definitely in line with the initial investment capital. Because in trading we are not lucky every day. Sometimes suffer losses. And it has become a twist of risk that must be accepted by all traders. |
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Yes, everyone should stop panicking, because panic is what makes any investor or trader make wrong decisions. When the market becomes bearish, they lose hope quickly and sell at a loss, and this is what makes any of them get out of the crypto market quickly, Everyone should stay away from panic and trust in the currency that he invested and hold it in the long term so that its future brightens and you take good profits from it.
Panic is hard to avoid friends. Because we are in a very high risk trade. However, it should not be made into something excessive so that if panic is too deep, it will lead to wrong decisions and big losses. Sometimes in those situations I don't see the market so I don't panic too much. |
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