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June 23, 2024, 09:06:47 PM *
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41  Economy / Trading Discussion / Re: Before Trading Bitcoin you should... on: June 15, 2024, 09:48:54 AM
Trading crypto has always a risk and even if we are expert in trading there are still time that we will lose because of some reasons, it is because it is normal to human that even if there are earnings they still want more or big that is why they end up losing they feel that the earning or profit is still not enough they wait for big profit that sadly didn't come until all funds are lost including the capital, that is why in trading or investing we need to set a limit for us to earn and control the greed.
Even though they have good skills and experience in trading, they will certainly make mistakes when trading which makes them lose in trading and indeed this is very normal either because of their greed or because of their mistakes in analyzing the market which results in losses in the trading they do, so it would be better, even though they already have a lot of experience or skills in trading, it would be better if they could still update their knowledge about trading so that they can still trade and make a profit, setting limits is easy to do, but if they don't carry out well the target will be of course they still fail and we must continue to practice all of this so that we can get results according to the targets we have set.
42  Economy / Trading Discussion / Re: Don't do this mistakes in trading on: June 15, 2024, 09:14:43 AM
Good finacial and risk management, things that also affects the outcomes of your trades, it's more on how you handle different situations as decision making mostly affects of your knowledge, if you have good insight, then you may continue developing your chances to earn, though if you failed then for sure you will going to deal with it as same as gambling, better to earn and seek for more ideas and compose it to create better strategy that may work accordingly.
When someone makes a decision in trading, they must have good knowledge of the trading they do because without good knowledge of trading, of course they will find it difficult to make profitable decisions in the trading we do and when someone experiences failure in trading, I think they have made a mistake in deciding something about the trading they do and they must be able to correct this so that they continue to make a profit from the trading we do. Every trader must of course continue to develop their knowledge about trading and must also be able to have the right strategy. good for making a profit.
43  Economy / Trading Discussion / Re: Does trading belongs to everyone? on: June 15, 2024, 08:18:42 AM
Trading cannot be for everybody,it's for people who are determined to make it through trading.Those people are risk takers,they are people who nomatter what happens in the process of trading,they would still trade.They are people who despite the loss they have had before,they won't lose focus on trading,they make trading look easy with zero risk,but if you follow their way,you will cry.
They are the real investors,future leaders,they are strong people.
The business of trading cannot be for the weak hearted,if you aren't determined to take it the way you see it,whether loss or win,you cannot be a better trader.
When they have the courage to take risks in the trading they do, of course they have a very good understanding of trading and also have the skills and also a lot of experience that has been gained in the trading that they do and with a lot of experience that they have in trading then this will can make them decide something that benefits them when trading and if they experience failure in trading, of course they will correct the mistakes they made and also continue to learn about trading so that they can still trade well.

To be able to continue trading, of course each person must have a strong mentality in dealing with what is obtained in trading, both in terms of losses and profits, because some people do not have a strong mentality when trading, of course they will be able to easily deal with the failures they experience.
44  Economy / Speculation / Re: Buy bitcoin now? on: June 15, 2024, 12:48:04 AM
The reason for the fast movement of cryptocurrency prices is because there are many people making offers and requests in the market, making price movements faster. I also really consider what you said, where every time I want to invest in anything, I always take the time to do research and increase my knowledge of the asset that I will choose as an investment. Apart from that, in any case it is absolutely mandatory not to immediately believe what other people say, but if the direction is quite appropriate and reasonable, I don't think it will be a serious problem to believe. Even though we ourselves will also do research again and again on what other people have said.
With a lot of demand and supply occurring in the market, of course this will create price movements that continue to change and are very dependent on market activity. What you said is very true. Of course it would be better if we could first analyze the investment we are carrying out and by doing so, will really help us in making decisions that can benefit us in investing, and it would be better for us not to easily believe in things we have just heard from other people and not necessarily what is said is good advice to do and is useful, However, it is also important for us to research again before completely trusting the advice given by other people.
45  Economy / Speculation / Re: Buy Bitcoin, and HODL! on: June 15, 2024, 12:22:50 AM
Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping.  Therefore employing DCA method is maximum perfect according to Bitcoin price, and it controls the average price.
I think everyone will be able to use this method whether they have large wealth or not, but this strategy will be very useful for some people who want to accumulate Bitcoin gradually and can hold it in the long term, when we want to hold it in the long term of course we have to have good planning before collecting Bitcoin and it will be difficult for us to hold it in the long term if we don't have good planning before collecting it will certainly not be able to hold the assets we have.

What you say is very true, when we can invest regularly using the DCA method, of course this will be able to control the average purchase and this can certainly provide profits according to what we want.
46  Economy / Economics / Re: Our decision making is responsible for the outcomes in our ways on: June 14, 2024, 11:59:13 PM
Therefore, we need a balance in living life between personal enjoyment and sustainable growth. While it's important to enjoy life, it's also important to consider the long-term consequences of our actions. We must be open to receiving suggestions and even knowledge provided, and utilize resources wisely as well as evaluate and self-reflect on the actions we have taken, so that it can help us identify which areas we need to improve and make the necessary changes.
Living this life certainly requires a good balance in terms of earning money and enjoying income from the work they do and by considering the long-term consequences of course we will be more careful about the decisions we make in the life we ​​live, when other people give us advice. about making decisions in life, of course we have to be able to accept them, of course this will be very useful, by evaluating what we have decided in the past, of course this will make us know the advantages and disadvantages of the decisions we have made and this is very important to done after we do something about our future.
47  Economy / Economics / Re: Money addiction on: June 14, 2024, 11:44:11 PM
Matching the status to get cars, drink alcohol and rich food might be one reason why some are addicted to making money but you can leave out the first and still be frugal about spending.

The people who aim for a higher state of living should also be able to earn that big and not just dream otherwise they go for unfair means to make money which is bad

However savings and control over spending can save a good amount too. This is what most people find difficult to achieve.
When someone has the desire to be able to get what they want, of course this will make them do work to fulfill their desires and if they leave spending their money on things they don't need, of course they will be able to save and invest for their future. Of course this will be better in preparing for the future.

If someone has a big dream that they want to achieve, of course they have to do their work seriously and also have to do it in a fair way and must avoid doing it in a bad way so that they don't have problems in the future, you really save money. It's not an easy thing for many people to do and maybe only some people can do it because currently most people prefer to live in luxury rather than controlling their expenses.
48  Economy / Economics / Re: Surviving in this economy needs a new minds set on: June 14, 2024, 11:23:26 PM
Absolutely I think this current economic pressure is the worst I have ever face as human.

We actually need a new mindset for us to move on with our lives because things are becoming too unbearable for people to really bear.

We need a new strategy to follow up for things to put in order because new things are coming up so we ought to also use new method to follow up.
When you realize how difficult it is to face the current economic pressures, of course this will make you have to have a growth mindset to be able to face the difficulties you face and by having a growth mindset, we will always want change and will try to be better and If we don't do that, of course we will continue to experience difficulties in dealing with uncertain situations.

In my opinion, in uncertain economic conditions, we need a skill that we can master in order to provide income to meet the needs we need and having several sources of income will certainly help us to survive in this condition, because if we only have one source of income So it will be difficult for us to meet the needs we need in the current economic pressure.
49  Economy / Speculation / Re: The attractiveness of Bitcoin among my friends on: June 13, 2024, 11:35:20 PM
Being informed about investment risks is important - but most people seem to understand that no one is free from risk once they become an investor. The risk of price volatility is not the worst - but they should be told that the risk of losing access to the wallet is much worse than the others.

The best attraction about bitcoin investment among people is - when they see you, their friends or other people being successful. Many people will come and ask you how you can make money and buy whatever you want - but if you fail, they will never come and give you support. Don't rush into becoming a mentor – you are not responsible for someone else's financial future, but you can really change their mindset when you are a successful person.
Maintaining your wallet key properly is of course very important and we have to really save it and remember where we save it and don't let it happen that after we make an investment we can't access the assets we have invested in due to losing the wallet key we have saved.

You are right, when someone has achieved good results from the investment they have made, of course other people will ask how to do what we have done and it would be better if someone asked about the investment we made, they should be able to explain in detail and not ever suggest to other people what we have done, because it is not certain that they will be able to accept the failure that can be experienced by every person who is just starting out.
50  Economy / Speculation / Re: Every moments of bitcoin value is appreciable for investors on: June 13, 2024, 11:12:16 PM
that is why it is good for someone to cross check the market very well before the person go into buying of cryptocurrency because sometimes showtime investors do make a profit during the process of investing in Bitcoin or in any other cryptocurrency but when they get lost you will see many of them feel remorse on the regret the same time so that is why if you are a beginner into cryptocurrency investment mostly Bitcoin you don't need to panic when the price is going down what you need to do is to go directly to Long term investment knowing that in every circumstances you most to make a profit for your investment provided that it is a long time investment
When you want to buy crypto assets, of course it would be better to double-check market conditions and never buy them by just listening to what other people say, maybe what they say is not based on the knowledge they have, but by analyzing market conditions yourself, of course this will better and for some beginners who panic about declining market conditions, of course this is natural because they don't understand it well and when they understand it, they will of course try to take advantage of this condition by continuing to collect to be able to profit from what they hold and choose to hold on. In the long term, Bitcoin investment will certainly provide profits according to what we have collected.
51  Economy / Trading Discussion / Re: TRADERS are not UNEMPLOYED on: June 13, 2024, 05:13:29 PM
Trading needs a tough time therefore if you are assuming that you will earn through trading without giving your time to it then you will never be successful via trading. Trading can be considered as a part time job to minimise the money that you are already earning from another job but if you assume trading as a full time job then you will not be able to earn from any job.

If you have knowledge and want to increase your income then giving some time to trading is not a bad idea but I think trading is not a suitable option for those who have no idea about trading.
Taking the time to learn about trading will of course give us good results in the trades that we will carry out and the many processes that we have to go through in trading will certainly take a long time to be able to master trading well in order to get good results. making a profit from the trading you do, it is true that being able to make a profit from trading is certainly not an easy thing and it would be better to make trading a source of additional income apart from the fixed income we get from real work.
Those who do not have knowledge about trading will certainly be very detrimental to themselves if they force themselves to try to trade, of course there will be a lot of losses from the trades they make.
52  Economy / Trading Discussion / Re: What your opinion? on: June 13, 2024, 04:26:24 PM
Of course, trading is not as we imagine, it is easy and fun because you can make quick profits. Yes. Sometimes it's not a bedtime story where when the storyline is beautiful we will fall asleep soundly.

Trading is a psychological game that if we make a wrong move it will really hit our psychology and clearly it concerns our money, it can grow and be lost forever. that's why it's better to hold than to trade and the results will be the same.
When someone imagines that trading is an easy thing to do, of course they only see people who have been successful from trading and they don't ask what the process was to achieve what they see and it would be better if they didn't just imagine the success that other people have achieved and sometimes they imagine whether the process they go through can be easily done or not, what you say is very correct in trading, we have to make the right decisions to be able to develop the capital used for trading and there are many risks that must be faced in making trades and I agree with you if indeed If you don't have skills in trading, it would be better to hold on until you get a profit and this will not tire us in monitoring market conditions.
53  Economy / Economics / Re: Also consider your mental State of health while investing for wealths. on: June 13, 2024, 12:03:16 PM
Sometimes mistakes in life give us with a lot of regrets that prevent us from making good decisions right away. That is why we need to take care of your mindset and be committed to achieving our goals. And one thing that must be focused on is to refrain from making any decision in the spur of the moment which will help guide us in the right direction.
Everyone must have a thorough plan before making any decisions in their life because as you said, making sudden decisions is a very bad thing. Because it could definitely be missed from prior consideration and research, resulting in the results not being what we want and also being a failure because the focus becomes messy. Apart from that, regrets in life that always come in the end can certainly be a trigger for a person's enthusiasm to get back up so that we all have to be able to make better plans before regret starts to come to us due to making hasty decisions.
This is of course very important for everyone to make the best decision for themselves. Yes, this is very difficult for everyone who makes decisions in urgent situations and very few people can actually make decisions in urgent conditions and the decisions they make are successful and profitable for them, when the decisions we make are not in line with what we want of course it will be disappointing and in this condition there are types of people who no longer correct the mistakes they have made and there are also types of people who can use this as motivation for them. themselves, as you have said, of course this is better for us to achieve the goals we want.
54  Economy / Economics / Re: The choice of investment is dependent on your region of residency. on: June 13, 2024, 11:48:04 AM
Doing your own research will find more effective answers than just relying on answers and thoughts from investment managers, especially here we are talking about the money you have, it will be very dangerous if you put your money in the wrong investment, which is completely wrong you know where it will lead. For this reason, always do your own research and also always update your financial literacy and the latest news about the economy because it really supports the success of your investment.
Carrying out our own research about the investment that we are going to carry out will certainly be better because without research we will of course start something that does not have a plan and also a way to solve problems when carrying out their investment and in terms of finances we certainly have to be really careful in entering into investment and don't let what we have invested not be able to get any profit from the investment. Of course this is never desired by anyone who invests. It's true that by always updating news about the economy, of course we will be able to determine the right and needed type of investment. many people and the most important thing is that we can run it well.
55  Economy / Economics / Re: Take care of your money and learn to save. on: June 13, 2024, 11:09:11 AM
From my experience seeing the condition of society, there are lower, middle and upper economic classes. The middle to lower class will find it difficult to save because money is always used for necessities. For the middle to upper class it is also divided into 3, spending money on lifestyle, business and investment.

And if what we are going to discuss here is how to take care and save money, then the most appropriate choice is to buy a plot of land. It will always be profitable even forever. We also don't need to bother paying administration every month, and only pay annual taxes.
Some middle to lower class people will of course prioritize their daily needs compared to saving because the income they get from the work they do is not enough to be able to think about saving and investing and they can survive on the income they get, however if they have enough income, of course they will be able to try to set aside part of the income they earn to save and even invest, and some of the upper middle class will of course be able to use some of the income they have on things that can benefit them as you have mentioned, but if they are not good at managing the income they have, of course they will spend more on their lifestyle and not think about their future.

By buying a plot of land, of course this will benefit us, but we have to have a lot of money because the current price of land requires a lot of money to be able to buy it and if we really want it, of course we have to be patient in saving so we can own land.
56  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 12, 2024, 11:58:36 PM
Exactly one should not put all amounts in just a single day because there are regular ups and downs in the worth so try to analyse the market and invest little by little according to the market shifting. It is also suggested that if you choose some good altcoins with Bitcoin then your profit will be extreme as these days some altcoins are trending.

Another better strategy is that whenever you have some payback in altcoins then sell these altcoins in order to invest in bitcoin but try to invest at the time when there is a decrease happening in the price of Bitcoin or altcoins and sell should be done when your money shows multiplication.
If indeed they have enough funds to invest at one time I think this is normal and they must be able to have a good plan for investing and be able to hold it in the long term, but if you can have enough time to be able to analyze the market it will certainly be better. It's good to analyze the market first and then invest and this will certainly be more profitable if we buy it when the price is decreasing, choosing several types of altcoins will of course be very profitable in time and this really depends on the altcoin trend and after making a profit from altcoins then we can choose to invest in Bitcoin, of course this will make the assets we own continue to increase.
57  Bitcoin / Bitcoin Discussion / Re: Accumulating Bitcoin or trading Bitcoin which is more wise to do. on: June 12, 2024, 11:36:30 PM
It can be done at the same time, actually, because I'm doing it at the same time. Even with other cryptos, I also do it, just that the majority is in crypto, just a little bit in Bitcoin. I can only see more ROI from my capital in crypto or altcoins as long as it is at the top, and I am sure I can give a good profit.

I can't actually separate those two, because that's really the best way: long-term holdings and day trading, so that somehow we have a profit from time to time to also be able to dca the coins that we also want to accumulate.
These two things can indeed be done simultaneously if we have the skills to do so, as you do in trading a number of other cryptocurrencies to make a profit, but we must really understand well the assets we are trading and don't just throw them away. funds on types of altcoins that have no potential will be able to gain profits.

If you can't separate these two things, it would be better for you to start focusing on one side first so you don't make mistakes that could cause you to lose the investment or trade you make. I think long-term ownership will make it easier for us to make a profit compared to doing Daily trading requires us to always focus on analyzing the market to be able to make a profit on the trades we make.
58  Bitcoin / Bitcoin Discussion / Re: Do not get discouraged by the current price of Bitcoin on: June 12, 2024, 11:25:20 PM
You should not blame anyone who says bitcoin is a scam, but you have to understand very well that bitcoin is not a scam but people who is around and who is not care and ready to see Bitcoin as a sincere currency or a legit currency will think that cryptocurrency mostly Bitcoin is a scam, why when you go deeply to understand the procedures of Bitcoin you will know very well that bitcoin is not scam, the people who always bring up this kind of matter of bitcoin that bitcoin is a scam is people who always be in government or politicians, before I started investing in bitcoin even began to accept Bitcoin in my business, I have already made a proper research of Bitcoin.
Currently we can see for ourselves how far Bitcoin has developed and there are so many enthusiasts who can take advantage of the benefits of holding their Bitcoin, but for some people who consider Bitcoin a scam of course they only hear from people about Bitcoin which is not completely true and they don't look for information themselves to be able to confirm how Bitcoin works and I think if they had a good understanding of this of course they would try to try to take advantage of Bitcoin like other people have done.

If there are still a group of people who still dare to say that Bitcoin is a scam as you mentioned above, of course they cannot benefit from Bitcoin as a cryptocurrency which is trusted by many people, both as an investment asset in the long term and can also be used as a trading.
59  Economy / Economics / Re: If you want to be wealthy you need action on: June 12, 2024, 04:06:26 PM
We all need to do something or take action, not just to get wealthy, but also to grow and learn. Actions have the capacity to motivate and guide others. Also, taking action is necessary if you want to grow as a person. You may confront challenges in life on your path to achievement. Without action, goals remain distant aspirations; with action, they become actual achievements. You cannot simply sit back and wait for opportunity to come knocking on your door. You have to go out there and make it happen for yourself.
The actions we take to make our lives better must of course be done consistently and to be consistent we must start by trying to force ourselves to get the results according to our wishes, because if the actions we take are not consistent then of course what we do Of course, this cannot get good results that can make our lives better. The challenges we will face when we take action to change our lives for the better must of course be able to be overcome with maximum effort from ourselves, because as you said, it is very It is true that it is impossible for someone to easily get the opportunity to become better without good effort on our part.
60  Economy / Economics / Re: Insurance is important on: June 12, 2024, 03:07:19 PM
Life insurance is part of what we should place priority on especially our health insurance. Just like they say 'health is wealth', if ones health status is good, their is still a much hope for such person to be rich. In most case, people don't do insurance out of poverty but out of ignorance and adequate knowledge about it's important. If people really know it's important, I believe they will put priority on it just like we do for other things.
This is really needed for those who already have enough money to be able to pay for insurance for themselves, but for some people who have just enough funds for their needs, of course it is very unlikely that they will think about insurance and of course what is important to them Just having their daily needs met is very pleasant for them and I don't think all poor people don't know the importance of being able to look after their health and having health insurance will make it easier for them to treat it when they are sick, but it is difficult to meet their needs. Of course, this will enable them to be able to take care of themselves so that they don't get sick easily and must be able to take care of their own health because if they are sick they have to find a way to recover in a way that suits their abilities.
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