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Before I traded in crypto before I was familiar with Forex trading, when trading forex I got hands-on training so it was easy to understand charts and some popular analyzes which when there is crypto trading there are many similarities, of course there is a lot of experience that we can get from trading crypto because we must always update with the latest news to be able to profit.
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As investors, we must understand the types of investments we have, as we know that bitcoin and cryptocurrencies are very volatile types of investments, so without understanding prices that can be sharply corrected, we will panic, and another thing is to always make long-term profit targets, if we can make targets for the long term so whatever happens with bitcoin is normal and will not make us panic.
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Seeing the development of bitcoin at this time of course I have no doubt that bitcoin will continue to rise, when there is a red then this is a good opportunity to buy because we can get a cheaper price, the community in many countries continues to increase and the daily transaction volume continues to rise. that the opportunity to rise is very easy to happen. just be patient then we can get big profit from bitcoin.
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I heard bitcoin at the beginning of 2014 when many media reported that bitcoin price fell from more than $1000 to under $300 and continued to decline until it was below $100, they seemed to think that bitcoin would die but in fact bitcoin can go through these difficult times and slowly rise and it is getting more and more popular until now, the thing that makes me happy with bitcoin is that the price keeps going up so it can be the most profitable long term investment.
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Many people who are anti bitcoin continue to campaign to leave bitcoin, even they are supported by strong funds but the FUDs they spread do not make bitcoin die, new arrivals and investors continue to grow, many countries have banned bitcoin but because the number of users continues to increase then this has no effect Either way, it's a transaction system revolution that's hard to stop.
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Unfortunately until now the price of bitcoin has not recovered from ATH in 2021 ago, but if we look at the increasing number of cryptocurrencies community especially in Africa which is growing rapidly then I am optimistic that this year bitcoin will reach new ATH again, maybe the price that can be achieved is above $75 k.
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I had a bad experience because I store bitcoin in a wallet that has a private key, because the data is stored on a PC and often online, my PC is exposed to a malicious program so that I lost assets worth more than $2000. and this makes me prefer to store assets in top exchanges that I previously completed KYC and enabled all security features.
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Hi exhodlers,
I know many of you wish not selling early your BTC. This is very common story, I wish I hadn’t sell my bitcoins for cheap X years ago. Now it would be worth Y millions of dollars. I have idea for new coin/token:
We create smart contract for HODLing bitcoin for 5 years (that’s rough number, could be anything). For users who send their BTC to the smart contract, some new token or coin would be given. Tokens have their tokenomics, the whole thing is DAO with voting, stakings, farmings etc. For HODLers NFTs can be generated to create community thing.
Anyone interested in participating the project? Call it HodlCoin
It is a good idea to create a smart contract that will hold for up to 5 years, maybe almost the same as staking, but I think this is very difficult to realize because investors will not want to wait too long, let alone send bitcoins to smart contracts that easily with a lot of money. the reason the smart contract was hacked so lost bitcoin. |
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There are many haters like him, even they are backed by strong funds, but this has never succeeded in stopping cryptocurrencies, sometimes investors come from negative news, including me who was interested from 2014 until now because initially heard that bitcoin is only used for illegal transactions, terrorist funds , avoid taxes and so on.
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Bitcoin is the first crypto and has run alone almost 3 years ago came Litecoin, Namecoin and so on, then in 2015 appeared ethereum which became the strongest altcoins until now, the thing that makes bitcoin difficult to compete with altcoins because crypto trading always makes bitcoin the standard price and trading pair , but after the last 2 years the position of bitcoin is getting lower after the emergence of stable coins.
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Yes investing in cryptocurrencies is safe.
while investing in cryptocurrencies, prudent investment practice would recommend a diversified portfolio so that a sudden drop in any one cryptocurrency does not wipe out the entire invested amount.
All types of investments including cryptocurrencies have the same opportunities, namely up and down significantly, and all investors know that cryptocurrencies are like a roller coaster, the opportunity to rise in tens of percent is common in a day so if we hope for big profits then we must dare to take big risks. also big. |
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When there is a war of course many people are confused and make them lose a lot of assets to the point that extreme conditions can become refugees, this is what makes us have to be smart in investing, never invest in immovable objects such as land, apartments or other properties, save money in crypto , if afraid of fluctuations then now comes stable coin.
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If we have a long term target then staking is a very profitable thing, we can get 2 profits, namely when the price goes up and of course the reward from the coins we use is staking and for now I am actively staking on Pancakeswap, and several exchanges and hope the price will increase significant one day.
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Since 2010 not yet 2016 I have been active to invest gold until I have collected about 220 grams, unfortunately the price of gold is too slow so I sell all the gold I have. I think crypto is a very promising investment because the profit opportunity is up to hundreds of percent within a year or even less, but the most important thing is to be able to control your emotions so you don't panic when prices drop.
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I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.
Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.
Learning from mistakes is important to make us better, many people don't want to take lessons from mistakes made so they will keep repeating the same mistakes, if we want to take lessons from mistakes of course this will make it easy for us to get big profits . |
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Shiba is a fantastic coin in 2021, I hope the team quickly adapts to the current popular trend with the adoption of Metaverse, and presents top exchanges or DEXs that will strengthen Shiba's position in the future and my hope this year is kill 1 zero.
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ANKR is an old coin that still survives until now, unfortunately there have been no major innovations or surprises so slowly ANKR's position continues to decline and is now out of the top 100, I hope the team will do something big soon so that ANKR is great again.
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I believe Binance will continue to grow and can beat ethereum in the near future, support from top exchanges makes me never hesitate to buy and make Binance a long-term investment target, even many analysts believe Binance has the opportunity to become the king of replacing bitcoin and I think that this is realistic.
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The basic concept of cryptocurrencies is decentralization so that up and down prices are normal, no matter how big the crypto marketcap is, the opportunity to go up or down tens of percent is easy, for example bitcoin which is currently around $900 billion, has gone up more than 12% in recent years. a day this year, but also dropped 10% a few days ago.
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