As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.
It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits. Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them. For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was. Demo trades would be good but nothing beats out on getting real experience and knowledge on real or live trades even though they should start on very small amount which they could really take some practice. Its true that mental trauma when in losses is really there which is really on point but once you do gain up sufficient knowledge and experience then you wouldnt really make yourself buldge on this one but instead you are already prepared up something for this and taking profit is something differs on each individual because we do have personal goals and targets on our mind. indeed the mental factor that distinguishes between demo trading and real trading. mentality greatly affects our trading results. even though they use the same technique, everyone's view of the market will be different, and the final result depends on their mentality to obey the predetermined analysis. |
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If you make a good profit from crypto then you should always withdraw your profit into the bank and never all amounts hold in cyrpto you should make a profit convert into your bank account and wait for a dip and you can invest in dip this is the best strategy.
When I take profit, there goes the portion that I secure on my bank account for me to spend it on the right things that I want. And with my other strategy, I'm reinvesting the other part of that profit into another crypto for which I think I'll get a profit of it regardless of the percentage. Last, a part goes to bitcoin too and that's where I'm planning my long term hold and adding as much as I can so that whenever the price of bitcoin surges again, I'm on it. Diversifying is always been the best and the rest would really go into something more important or those priorities in life which is a normal thing to act because we do have different priorities in life. Take stock or hold? It all matters with your goal aspects because not everyone of us would have the same mindset when it comes to investment.Some might hold and some might sell according into their needs and targets. We do have our own choice to make so decisions would really vary on each person and cant really be similar from time to time. right, do what makes us feel comfortable. maybe people will sell and wait according to the analysis to buy again. but there are also those who hold on to it because they believe it will rise later, there is nothing wrong between the two, which is important based on personal thoughts. and hopefully both will achieve their respective goals |
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I read you saying you have a tight to and a loose stoploss and I think that is where you are having your issue. As a beginner I was thinking that was the right way to do money management but nope that is not the right and professional way to trade for profit. For maximum profit , you need to reverse your strategy to tight stoploss and a loose profit margin so that you can accumulate more profit and cut your losses faster.
He must commit on that stop loss strategy and stop being greedy because in trading we should always work based on our strategy and that will always depend on every tokens/coins that you are going to trade. There’s a lot of ways to be more effective in trading, stay focus on your goal and have a good patience since trading sometimes also takes time before you can have the profit that you desire. in trading we must also plan a portfolio for the development of our trading in a healthy manner, there may be a loss at some point, but we must also control it so that the loss is in accordance with the stop loss we planned, so that everything goes according to plan, and over time our account will become big by itself |
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a great way to invest, by using money that we can afford to lose so that when we invest we can easily hold it, for example a young person in my country who buys cryptocurrency, until he forgets to have invested, and so remember he is now a billionaire , therefore he seems to have no burden on the high volatility of the market
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I see no reason why he should comeback, everything were fine and the improvement still continued by any contributor in github. Satoshi is really popular and anyone want to see/know him, there're many motive from each person to see him whenever it's good or bad. Living with big names isn't easy, you'll need many security to protect you since anyone could target you, I think that's why he avoid to publicity his appearance.
I think what Satoshi has been doing all this time is correct, by hiding and not showing himself in public, he has made himself more flexible in living his life. if the real identity is revealed, then I personally am not sure about its security, if you look at the good development of bitcoin until now, there are even countries that have legalized it as a currency |
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Now a lot of social media that explains material about Bitcoin. Both articles and videos are now available. You can visit Google to find articles that discuss Bitcoin, if you still don't understand the reading, you can try watching the Bitcoin explanation video on Youtube. Usually, most people can understand better if someone explains it verbally than just reading it yourself.
great way to watch youtube to get information about bitcoin. after we read books, and look for articles on the internet, if we don't understand, then the best way is to ask friends who already understand bitcoin, I think that way we will understand it more easily, because we can meet face to face |
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looks like we will have to wait a long time to be able to see bitcoin adopted 100%, maybe it can happen in the generation after us. we see that until now there are still many conflicts from various countries, most of the countries I don't think are ready to use bitcoin with various considerations. Moreover, they have their own fiat currency which is still considered relevant for now
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I personally don't seem to need a fund manager to manage my finances, because I can still manage it myself, unless I have a lot of assets and are too busy to manage finances because of the many needs that must be met. so in my opinion as long as we can control it ourselves, it should be managed privately, so as not to add to the burden of our needs, of course the fund manager costs are not small
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I think if everyone asked this question, of course they would have more confidence in the usd, considering that currently bitcoin users are still minimal around the world, even many who don't know about cryptocurrencies. on the other hand for bitcoin users, of course they are more comfortable saving btc than usd, considering this is a profitable investment
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Don't be stuck with the past, whatever you had in the past won't change your life now. Now think positive, if it's ours then will definitely come back. Make the experience so that past events do not repeat themselves. Crazy with regret I think it's ridiculous, because no crypto can be predicted 100% correct. However, skill and thoroughness in studying a project before starting an investment is a must for us.
every trader certainly has a past, so we must take lessons from the past in order to slowly fix it. after all we can only predict, and our predictions will be close to true if we continue to trade which will eventually shape our own analytical sharpness. so don't be lazy to practice and always fix mistakes for a better future |
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The market is currently dumping a lot. Those who want to invest by buying coins can invest by buying different coins at this time.I think there are plenty of opportunities to invest right now.Everyone thinks that the market will be good enough in 2022. Since the market is dumping a lot at the moment, you can buy and hold different coins.
In any case, you need to leave part of your deposit in stablecoins, because very often, when it seems to us that there will be no further decline, the price of the coin continues to decline. In this case, buying again at a lower price, you will reduce the total cost of the purchase. when the price declines like this time, buying is a good choice. but to anticipate the next decline, then leaving capital to buy back for the better. that way we can minimize risk, in fact no one knows for sure where the market is going, so we must have anticipatory measures so as not to be carried away by market fluctuations |
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According to my experienced in doing trade activity I observed that most of the my earnings in the trading got from week days trading not for weekend, instead, it is very seldom happen to get profit in the weekend. Though, I never loss, if the price turn down, were the only things I did was to wait until the price resume to spike again.
Trading is full time job. You cant earn profit just by sitting on your computer on sat/sun. Just like you saying you do it on every day for complete week. I don't understand what you mean that you never loss? What you do when price of your coin go down and never come up for weeks and months? Do you wait? If so then its HODLing not trading. short term trading means we take the risk, lose or profit. even those two things often happen, because no trader can analyze correctly for each transaction, so doing a cutloss is a common thing, not if the analysis is wrong then we become holders of daily trading, but of course the accumulated profit will be greater than the loss |
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I'm still thinking about investing in pda matic. This coin has a lot of development, even when the price of other coins goes down, matic can still survive and even go up, meaning that the interest of matic is getting bigger. on the other hand, with its growing products, it makes this coin community stronger and worth investing in when the market is still bearish like this, so that later we don't lose the moment
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well, it's very natural if that happens. basically the price of the crypto world, stocks, and so on goes up and down. considering it's the end of the year, it's only natural that we see the current market down. besides, the market will not always go up. if people think that this is a quick way to get rich overnight, they are wrong thinking.
depending on the type of crypto you hold, if it's an altcoin, you can log on to their official telegram, and see what happens there. If that's bad news, you can either cut or hold on to it, and if there's no news, chances are people are selling off their assets in preparation for Christmas and New Years.
but for cryptocurrencies, many expect the market to rise by the end of the year, and that has become a habit for previous years. but all can not be sure of that. for stocks and forex, the market at this time is less enthusiastic, considering the long holidays for Christmas and the new year. but hopefully not with crypto, we still have 2 weeks ahead, so holding is my choice |
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Over the last few days, the prices of all types of Altcoins, including Bitcoin, have plummeted. So investing in some coins at this time will be considered as a wise act. I think those who want to invest in Matic and Shib coins can get a good return after a while.
What's the difference between metic and shiba inu, aren't all the coins in the market being corrected, I think we need to wait for market conditions to recover first, so that we can take advantage of buying altcoins when pumping occurs, if market correction conditions occur, then almost all coins will experience the effects of the correction. indeed, most of the coins are experiencing corrections, including matic and shiba. if you look at the two are different, I see matic tends to be more stable in situations like this. but shiba is in sharp decline at the moment. if we want to invest right now it might be profitable but we have to look for coins that are really potential, so we don't have to wait in vain |
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They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
This logic may leave you worse than you were, it's a popular saying that don't invest more than you can afford to lose only it's popular not to invest with borrowed money, most time those guys in the wall street aren't borrowing your money they are actually enticing their clients to give them this money so they can use it to invest for them, if it fails all loss goes to the client, becareful how you interpret logics and ideas. that's how clever they are where without realizing it they can collect capital from us so they can distribute it for other business purposes, so in this case capital is actually not the main reason for doing business because we can work even though we have minimal capital, but it certainly requires a process, so that the mindset we must change so that we can adapt to changing times and we can find opportunities to take advantage of |
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Can Bitcoin really weaken the Local Currencies in the Developing Nations?
This is one of those blogs that wishes to stare up reactions from there blogs there is only little Bitcoin can do. Bitcoin might weaken local currencies in developed countries but to an extent and can't replace local currencies due to its high volatility and instability in price. Many developed countries are still scared of Bitcoin to be more precise because of its decentralized nature which makes it more difficult to centralize right bro.... even though we know the development of online shops, e-commerce, and marketplaces, there have been many digital payments, but using bitcoin in general is very difficult, maybe most e-commerce will use their own more stable tokens or other stable coins. but for my country, where cryptocurrencies have not been legalized, it is difficult to announce payments with tokens. maybe in the future we will find it but not for now. I also realized that many of them use digital money for payment via deposit, but the digital money has also been registered by the government so that it is freely used for transaction purposes. |
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The world will never be separated from poor people and will forever be in this world. One thing that is certain is that the government has not really succeeded in preventing poverty in a country even on a global scale and it is always the most familiar topic every year even when the period of government continues to change.
People may be poor in wealth, but they should not be poor in knowledge and self-respect. Government cannot make him rich without knowledge and the main problem of poverty is knowledge. Without a job people can invest in cryptocurrencies, but without knowledge they never even know what bitcoin is. People are always interested in getting rich, but they forget that knowledge is the main capital to change their destiny.
poor people tend to be slow in keeping up with the times, it is indeed difficult for the government to eliminate poverty, but this can be suppressed, of course by increasing its human resources. we must be able to change their mindset so that they have the spirit to move forward, not just give food aid, so they don't go hungry, in my country currently there are many government programs to overcome poverty, but also every year new poverty continues to exist, so skills development is one of the long-term solutions |
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for me every time there is a decrease in the price of bitcoin, I then look for the closest support to the next support, by combining the Fibonacci lines, then I will get a buying area that I think is effective. after that, don't forget to also prepare the next plan with the same technique for the second purchase if the price is still decreasing
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