That Bitcoin is decentralized and it will be difficult to get another cryptocurrency that will be as decentralized as Bitcoin. Altcoins are mostly centralized and those claiming to be decentralized are not, because their founders still have power over the project but Bitcoin founder has removed himself from the progress of the project. Satoshi made himself anonymous by disappearing allowing Bitcoin to become a project on its own and not require him to be active for the project to continue to survive but for most altcoins, if there founders are no longer interested in the project or does not show up, the project is going to die. Bitcoin is different from altcoins because of the reason behind their creations. Altcoins were created because they want to compete with Bitcoin.
From what we have seen since then, I think it is proof that Bitcoin is much better for saving/investing for the future. Meanwhile, I think Altcoins are still full of risks in the long term because their support is not as big as Bitcoin. However, to take advantage quickly in trading, there is no harm in choosing Altcoin because the price movements are also fast, but what you also need to remember is that everything will be worth it with all the possibilities between risk and profit. Currently, many people have realized that Bitcoin will be very good if we invest it for a long period of time and this will of course be very useful for old age and everyone certainly has their own strategy in collecting Bitcoin for their future which of course they do. according to their abilities. I agree with you that it would be better to use altcoins to generate profits in the short term, but we must have a good understanding of the types of altcoins to generate profits because the risk of trading altcoins is very large and not everyone will be able to accept losses from trading. |
|
|
|
There are legit individuals who can share a tip on how to be successful and there might be people who can get lucky to stumble upon them. That is going to be start of their life-changing journey. Planning on the other hand, seems a different matter already. Usually, if who is more educated and has a better life, are still the ones who are more organized and always plan things, though I think this is also the reason on why they achieved their current status.
Planning can consist of small steps and indeed that we shouldn't underestimate them. Not only that they can add up but we can't also get to where we want to go, if some small steps are missing on the way. Lastly, Consistency as you said must also be there.
With good planning, of course this will make it easier for them to carry out the things they want to do and as you said, it is very true that they are the type of people who are organized and also detailed in everything they do and this will be able to make the things they do This process can run well, every small step that is started and can be carried out consistently will of course enable them to get satisfactory results from what they have started, because if we continue to wait and delay starting from the first small, of course we won't be able to achieve anything and it really has passed the opportunity to try. |
|
|
|
Regardless of the option a person may choose to do this, this is something that must be done, after all if you take a look at what the rich do, you will see the majority of them have their fortunes in assets which protect them from inflation naturally and hold very little cash, so when there is an economic crisis they are barely affected by it, while those that have nothing are not that affected either, so it is the middle class the one that suffers the most, as they are the ones that keep their fiat money on their bank accounts and lose the most because of inflation.
Certainly someone will choose to protect their assets from inflation either in the form of real assets or other things they invest in and of course they will still protect their assets from inflation and as you said it is very true that most rich people only keep a little cash that they hold and don't will have a big impact on them and for some people who save a lot of money in banks, of course they will really feel the impact of inflation because the money they hold will not decrease, but the value of that money will be different from before inflation occurred and we must be able to follow the example. What do rich people do by turning the money they have into assets so that they are not affected by inflation. |
|
|
|
Indeed, not all investment are guaranteed to bring profits you also need to work on it in terms of studying before taking your steps, there are investment where you can really make some decent benefits if you assess it right, not just a savings but allow your money to work for you and make it grow while portion of it are being save for emergency,
It's on how a person manage to control his ownself and how he will manifest with visions that he's aiming when investing to something, more on you hard work that will be paid off when the time comes and allow you to enjoy being convenient in terms of financial aspects.
Learning about investment before deciding to invest is of course very good because they will be able to organize a good plan before deciding to invest because by having a good plan this will of course run well and can generate profits from running the investment. and dividing the funds that we will invest and also funds for emergency needs is of course very important because with these funds we certainly don't have to take the funds that we have invested so that we can still carry out investments and can look forward to the targets that we have set for the investments that we carry out. |
|
|
|
It is an eternal truth that money does not bring happiness just as people cannot be happy without money it is also an eternal truth. Many people are unhappy even if they have money, and even if they don't have money, there is always a shortage of people, this is also a kind of imbalance situation. But if the human tendency is to avoid greed and to be happy with little, then a person can keep himself happy if he has little wealth.
Everyone will of course think like that, but when they are looking for money, most people forget about this so they are willing to do various things to get money and there are even some people who do it illegally to get money and only a few people can find happiness. without having a lot of money, so it is very important for us to be able to find happiness with whatever money we can earn because we often see those who have a lot of money not being able to find happiness and we often see those who already have a lot of money looking for pleasure such as which is done by people who don't have much money. |
|
|
|
It actually depends if you are investing in the right choice of investment, otherwise you will see all your capital losing like thin air because you ended up trusting the wrong investment. But if it means investing in bitcoin, still putting all your capital all in with bitcoin may not be the safest option. Just invest only an amount you can afford to lose, and when you're already in profits, that's the time you can increase the volume of your bitcoin and add more capital in order to achieve higher profit potentials.
Choosing the right type of investment is of course very important because this will have a big impact on good results because if we choose the wrong type of investment, of course we will lose the capital we invested easily, deciding to use all the funds we have on investing in Bitcoin will of course be very risky and I agree with what you say, it would be better if we could invest in Bitcoin with funds that we can hold for a long period of time to be able to get a profit from the investment we make and after If we get this profit, we can take it so we can enjoy it or continue investing. |
|
|
|
You know you will certainly be in panic if you invest at its wrong timing. But if you buy your coins during a price correction and you are using your spare money to invest, there's no reason getting panic while waiting for potential profits. Investing in crypto is never hard and risky if it's done with great timing, but if it's done through greed, I'm sure you will really have a problem on when to see potential profits so you can sell your coins.
Not only that, a lack of knowledge will of course make someone panic when they see that market conditions are experiencing a decline in terms of the capital used to invest, of course they must be able to actually use funds that they can maintain for a long period of time so that they don't have any disturbances. When investing so that they can look forward to profits when prices increase, when someone makes the wrong decision in deciding to invest, of course it will be difficult for them to make a profit, therefore they must first analyze whether they can enter the current investment or not and Of course, greed will be very detrimental because we will often miss out on the profits we can get and have to keep them back if we don't want to experience losses in investing. |
|
|
|
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time.
You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time.
If you want to take this step, you must divide your funds into two to three parts. One part is used for long term folding, second part you buy dip, and third part you keep for emergency fund. Because the more bitcoins you receive, the more benefits you will receive. Of course it should be invested for the long term, you may get more benefits in the short term and face losses later on. But be sure to watch yourself and buy more dips, so that you will be able to reap the maximum benefit when the bull market arrives later. Dividing several portions of the funds we have to invest is a very good plan so that we can carry out investments without having any disturbances, because if we do not have proper planning when carrying out investments of course it will be very difficult for us to make a profit from carrying out investments. investments and we may even experience losses from these investments. I agree with you, it would be better to maintain investment in the long term and as you said we have to be very careful when buying during a downturn and don't let us be unable to maintain investment in the long term and wait for profits when prices increase. |
|
|
|
Hold and keep holding, when you experience dip, it's not a time to sell or release, we have to understand this, there is nothing that can be done without first realizing that we must not sell at such period, instead we have to continue to hold and wait till the market becomes more favourable for us to sell, some investors couldn't understand this and neither will they have the liniency of waiting and hold till the time pass, Bitcoin market is all about understanding it's particular season involved, then everything we do will fall within our target after investment.
Continuing to withstand a downturn will of course be better, but this will be very difficult for those who do not have good planning before investing and for those who have planning before investing will certainly be able to easily choose to stay with it. price conditions are experiencing a decline and even if they have sufficient funds, of course they will increase their investment so that they can enjoy the profits when the market increases again, they will be able to make a profit from what they invest, indeed there are some investors who do not understand the breed so they re-selling when conditions are experiencing a decline and of course this will cause them to suffer losses on the investments they carry out. |
|
|
|
Crypto is the future for those who invest in crypto platforms and as long as they hold their investment. Like I invested in bitcoin and my plan is to hold this bitcoin for the next five years then bitcoin is my future for these five years. There are many people who rely on Bitcoin at the end of their life when they can't afford to work they invest in Bitcoin and other currencies while thinking about the future. Planning your future by investing your hard earned wealth in Bitcoin is not an easy decision. But many people are quite good with such decisions and at least at some point they have no room for regret. Investors can invest in Bitcoin and other currencies at their own risk.
Investing in crypto is of course thinking about a better future than now because we have all seen that since the emergence of Bitcoin until now it has experienced very good progress and currently many people are aware of this and for those who have started earlier of course they have made big profits from investing in their Bitcoin, you are right to be able to maintain Bitcoin investment is not an easy thing, it requires a lot of patience and also capital that we are ready to maintain for a long period of time to be able to make a profit from investing in Bitcoin because if they do not have patience in investing it will certainly be difficult for them to make a profit from the investment they carry out. |
|
|
|
I also prefer small experiments by using capital that is not too large when trading on any market by buying coins that we think are good enough. Because our mentality and emotions will always train themselves when we have tried it several times on different coins in the same market and this can also train us not to panic too much when we see quite striking changes in the market. And in terms of knowledge, it will remain the core point that needs to be improved in any case, including trading, which is always full of risk of loss before making a profit.
By experimenting with a little capital, this will make us more alert to our emotions in the trading we do and we will be able to easily make decisions when choosing coins that have the potential to make a profit and with a little capital, of course this will not happen. makes us mentally fall when we experience failure in trading so that we will be able to easily find out where we made mistakes and continue trading again to be able to do it carefully, yes you are right of course we have to continue to increase our knowledge in the field of trading considering that some people Even those who have experience may still experience losses, so it is important for anyone when trading to continue to update their knowledge about trading so that they can continue to trade well and of course make a profit. |
|
|
|
I think a person's psychology would be difficult to arrange like that. Newbie traders who are not familiar with the exchange interface try their demo account to get familiar with the exchange. as well as try out their newly learned trading strategies without the risk of losing money.
What a beginner must achieve before trying to trade on their real account is readiness. Never try to trade if you are not ready. although we know, most beginners have high interest and want to quickly make their trades. but that is the kind of trait that beginners must overcome before starting to trade.
There's nothing wrong with trading on a demo account to get to know the stock exchange better and this also won't help us if we can't stop ourselves from being greedy for the real trades that will be made, so it's important for us when we're trading to still be able to introduce ourselves. We also always carry out analysis before making decisions on trading because without us doing analysis, of course we only hope that luck will be on our side to make a profit and in trading it is of course very unlikely that we will be able to get good results on the trades we make. You are right, as a beginner of course they must first prepare themselves both in knowledge and also mentally strong so that they never give up on what they have started of course they must be able to get good results from the trades they make and from trading of course Of course it requires a process that is not short, of course it requires a process to be able to gain profits and only as people can survive so that they can get the results according to their wishes. |
|
|
|
It is only those who are new to bitcoin that will still doubt bitcoin to this point when it is obvious that bitcoin will always bounce back no matter how low it goes. The last bear market actually tested the faith of many people but in the end, bitcoin bounced back stronger and better and that should show that bitcoin has come to stay. Even though jumped into the market at the peak of 2021 bull run were in good profit this year when bitcoin reached $73k, so it is just a matter of holding and never to panic and sell.
You are right that when someone is new to Bitcoin and does not have a good understanding of course this will make them unable to invest in Bitcoin and also they will be hesitant to hold on to their Bitcoin when the price declines after they buy it, but if they understand it well they will This investment will certainly not be easily affected by low prices and if they have sufficient funds, they will of course try to take advantage of the opportunity when prices are decreasing to be able to buy as much as they can and hold on until prices increase again and this will benefit them. |
|
|
|
All is well but another food is not mentioned and that is the food of the mind. The food of the mind is the joy that comes from working for people and spending for people. In other words if you spend money for the service and improvement of the helpless and distressed people of society or to put a smile on their faces you get a beautiful satisfaction in the mind. But nothing good will come of this wealth acquired by those who are obsessed with money and are addicted to making money. Again there is no opportunity to destroy your health to earn money.
When someone has good thoughts of course they will always feel happiness in various situations and if you can help other people, especially the people we are going to help really really need help and with the help we provide they will be very happy and so will we. will feel happiness that they have had the opportunity to help them because not everyone can help other people even though that person has enough money to help other people and for those who have become addicted to the wealth they have of course it will be difficult to think about their health so that after experiencing new health problems they regret having worked hard without thinking about themselves. |
|
|
|
I believe it’s a wise idea following a certain plan when it comes to spending on your own children, thus the chances to spend above your means will somehow be avoided, except for sudden unforeseen expenses that you can’t just ignore but still find ways so you can provide those emergency needs of your children. I guess that’s the duty and obligation of us parents, that even if it means getting into debt just to provide them won’t matter for us at all. Their life is our priority, so as much as possible we should offer them what’s best for them in order to prepare them for a brighter future.
Having good planning for children is very important and as parents will certainly try their best to be able to spend all their children's needs well and in the case of sudden needs of course each person cannot know about this and it would be better if we could have savings for these needs so that they do not interfere with the needs of children so that they can fulfill their needs well and I really agree with you as parents of course they must prioritize their children first before their own needs because with all their children's needs being met of course as parents they will really feel happy when they see their children succeed. |
|
|
|
As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.
Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time. You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time. |
|
|
|
|
Show Posts
