The most important and time tested concept in life is change. If the old coins don't change their marketing tactics or business model then they're gonna be in trouble sooner or later.
well, this is why a lot of old coins suddenly become scams, or dumps to the bottom. they do not adapt their project to the current state. well, but for now, the coin that holds the most popularity is the old coin. So, I think, if you do some research, then you might find an old coin that has great potential. if you want low risk, choose an old coin like ethereum or binance coin. old coins don't necessarily have a guarantee that they will be good until now, many of them are the ashes of their current coin prices. besides being unable to adapt to current conditions, old coins usually cannot develop according to the whitepaper they had planned, so they eventually disappeared from the coinmarketcap list |
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Elon Musk has made new tweet about Doge again as always. It has been seen for some time now that Elon Musk is benefiting himself by increasing the price of Doge through new tweets. He tweeted asking if Dogecoin will be used to buy Tesla. But after his tweet, Doge price is going down, which means people are understanding his purpose. You can see his tweet from here: https://twitter.com/elonmusk/status/1392030108274159619?s=19I think its good if tesla accept doge, but i still think it would be bad if elon make tesla accept doge just to make pump dump scheme which make so many people in loss cause following his tweet. Its good to see crypto to be use as a currency. But i do think we need a proper regulations and need more protection so doge could act as a storing value to avoid money laundry and folatility that could change the value of something you purchase. but unfortunately it is difficult to apply the rules for it. where price formation comes from supply and demand, and we are free to do it, this is a business, and perhaps people can do it easily as long as they have money and influence over their followers. therefore we personally have to be careful and take into account the risks and rewards every time we take action, because Elon himself is a lot of people who think that they are not really in the development of cryptocurrencies |
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I think it's normal when we see the market in a down condition we will panic,
but don't let the panic overwhelm us because it will have a bad impact,
what must be done for beginners is to continue to learn that way when conditions like this can at least make the right decisions
I agree with you mate, to feel panic whenever we see the market in down condition is normal especially when you're not ready to sell your token and you're patiently waiting for a price to become much higher than you are expecting but also at this kind of incidents you will learn a lesson. Risk management is so important for an investor and trader and also to learn how to manage or control your emotion is a must. It is normal to feel it but how would you control will lead you to a right decision. every human being certainly has a sense of panic in him, especially in depressed conditions when the market goes down, but what distinguishes each person is how to control yourself and control yourself to stay calm in any condition, so you can think clearly and don't make mistakes in taking action. therefore the need for experience in investing or when trading, because indeed we will always continue to learn with the market |
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2018 ATH passed and went 3x 65000USD to BITCOIN. Now we again expecting to go 100,000 and 130000. I think its useless point now. its better to wait 2025. just accumulate usdt and ready for 2025.
How do you know for sure that there will be a bullrun in 2025? It may happen in 2024 or may not happen at all. Even Bitcoin can never break its ATH $65000 again. It is difficult to predict what will happen in the future and more difficult in the case of cryptocurrency. maybe he is based on a four-year cycle, where from 2017 to 2021 there will be another bullrun. but I also think that there is no guarantee, it could happen sooner or later. but at least if we hold the main coin of course it will be safe to invest. a lot of analysis here and we can't blame one by one, the most important thing is that we believe in ourselves about what we are going to do |
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The best indicator for now is your psychology because most technical indicators are either lagging or leading and ends up complicating your trading account. First have the right mind set for the current decline and understand that we are currently facing a choppy market in which it's adviceable for traders to stay clear from the market until a trend is redefined so that ones trading account wouldn't be used to salvage the dip.
It is either we have to trust our psychological instinct or remain relying on the technical, that guarantees nothing. I think we need to apply them both, maybe we could see a positive result but as I've said, we can't sure that it works perfectly or at least no huge losses. And besides, we are not just aiming to gain more profit but what we wanted to is to save some of our funds during the crisis. Coz we know how hard to generate profit at this situation and especially when we only have small capital. For those who are experienced in trading, I don't think it's an obstacle in any situation, they can still take advantage of the moment. but since I'm not like that for now I'm just relying on investment, and save on my own expenses. in my opinion there is no best indicator, the best is an indicator that we can understand its characteristics so as to make a profit |
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I used to trade on an almost daily basis, most times I made a decent profit, around 7-9% of my investment. There was only once that I took a relatively large loss when Elon Musk got into Bitcoin. This wasn't the reason why I stopped trading though, its volatility was causing me anxiety and stress, and preferred to just take a break and find something else. I might get back to trading in the future, but for now, I'm in DeFi and yield mining.
Now, I only hold a small amount of BTC, which is simply set aside and not being used.
This is something that people never consider but that it is quite important, very few people can day trade for long, some fail because they lose their money but even those that earn money cannot do it for long and it is precisely because of what you are mentioning, having to watch the markets every day and earn profits sounds great but once you begin to do it you realize how hard it is not only at a psychological level but the physical exhaustion is real as well, which means very few people can do it for long before getting tired of it. right, the first time after entering the market, of course people will feel tired either physically or psychologically. but over time we will start to be able to enjoy it, our job is only to analyze and place transactions by placing targets and stop losses, so after that we can do other activities and wait for the final result. different from holding we can be more relaxed |
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what i like in forex is volumes are very good and manipulation is very less
lot of brokers are having many non sense bonus and offers be careful while choosing forex brokers
Forex Market is much bigger when it comes to Market capitalization compared to Crypto and less volatile. Honestly, speaking it is not easy to generate income from Forex until you have good Technical skills and in close touch with Market news that triggers price upwards or downwards and you should choose well reputed Broker who provides you trading signals to take positions. right, we have to pay attention to the news that happens every day and has a predetermined hour, and will usually be avoided by short-term traders. either forex trading or crypto trading, i guess both are not easy. we must have skills, especially for short-term trading. but technically, I think both are the same |
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for point 3 I think that will be the biggest challenge in these steps. I think 30 days is not enough time to be able to control emotions, although in this case it will be different for each person. To control our emotions requires a process, it even requires problems to be faced so that we have experience
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Cryptocurrency trading is not a game, it's about real money. So hopefully every beginner to understand it first. long-term trading is suitable for beginners so that it is not too much of a burden if you jump straight into short-term trading. to start short-term trading we can learn with a demo account first or use a small part of the capital we have
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Of course
if Elon daily posts good tw about it, I think it's the easiest field to drive growth from doge coin.
Maybe we shouldn't expect too much from it, i think the coin meme trend has lost its appeal.
Meme coin should not be bought at the first place, better to buy real coins such as BTC, ETH and BNB. Too many meme coins created and many of them scammed people with various ways, honeypot, rug, etc. Well, those coins are just meme coin after all, we should not expect too much from meme coins without use case. It's true that when the meme coin price returns to normal, it will wait for big investors to come back to the top, but unfortunately many of the meme coins don't climb back up again after years, so I'm more interested in investing in coins for sure. , as you mentioned. |
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make elon musk have no power again by didnt follow his shill about meme coin , its have been take alot victim especially beginer traders that want instant profit . Meme coin truely only speculation assets in cryptocurrency market , and we should be wise when decided buying this coin.
It seems like a very good strategy, but you also need to know that Elon Musk is a person who has the power and ability to create influence and fomo on meme coins, so it is difficult to beat him with words at this point, and for novice traders who become victims, it is also because they are too trusting in people they do not know fully. Yes, that is actually true. Doesn't matter what we say here, the final decision will still belong to each investor. If they want to listen to Elon Musk they will do it, even though it is clear this guy caused huge damage to crypto market, especially bitcoin. But I believe once these investors lose money by following who they shouldn't, they will learn the lesson and stop doing that futurely. Some people only learn through the pain, so be it. it would be better if they were willing to learn from their mistakes, because not a few people are desperate and feel cheated by the cryptocurrency world, they are the ones who will spread negative news about crypto, even though they themselves do not understand it, and finally they shared their bad experience with cryptocurrency to their colleagues |
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With the market connection, yes, majority of the altcoins are dependent to bitcoin. As you can see, when bitcoin has pumped, most of the altcoins pumped.
And when bitcoin drops significantly, the alts did the same.
I think all altcoins are Bitcoin dependent with no exception even Ethereum follows Bitcoin trend but when Bitcoin Price goes up, alts fall in alts/Bitcoin pairs and increase in Alts/USDT pairs. The real pump comes in alts when BTC Price is stable and its Dominance Index starts falling. Bitcoin Dominance Index plays very important role on behavior of Alts market. we can see when this year's bullrun occurs, where the price increase begins with bitcoin, and behind it is followed by altcoins with different increases, until that time there must be one altcoin that skyrocketed fantastically, but we must be careful in that game, because will resell it suddenly, and ends with a lot of people smiling and a lot of people crying |
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When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, how should we invest in cryptocurrency? What should do with these altcoins？
Crypto is like a plant, anyone can plant it but not many can take care of it, so many die. Natural selection will prevail, even if the number of crypto continues to grow but I'm sure only 10% or less will survive. right, this is a free market, where every day many new projects are launched, but indeed only a few projects will survive and have a solid new community. many projects are without a real product, and end up falling into hype circles. therefore we must be careful in investing in new projects |
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Personally, I trade for my own purposes.
First, I determine how much profit I want to get from each specific coin, then, when the goal is achieved, I sell some of the coins and see what happens to the market next.
I leave some of the coins intact in case my expectations exceed themselves.
it is good trade plan dude, consistant with our goal will give us huge profit it accumulate for long time. sometime we didnt care about small profits and only huge profits instantly, meanwhile earning huge profit must sacrifie lot of balance too. but if we could patient and accumulate our small profits consistently , someday it will be great. i am agree on how you trade and close transaction. nice thought. by accumulating profits on an ongoing basis it will generate large profits as well. sometimes this is a psychological challenge for traders. therefore we cannot underestimate scalpers who patiently collect a little profit on each transaction. they make transactions briefly and with short targets too |
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Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
Like you have said there: being dependent on the actions taken by whales. That goes to show you that cryptocurrency is volatile, but that’s not to say that technical analysis is useless in the market. No it is useful, but since the market is also being influenced by other factors, that makes it difficult to difficult to actually predict the market by using only technical analysis. You will have to be considering those other factors as well. There are people, especially day traders that are using technical analysis and fundamental analysis to predict the market everyday and they are using it to make income. logically whales will not act every day, so only under certain conditions whales pump and dump market. from that side, every day the market sometimes moves normally, and from that technical analysis reacts, and many are successful. but of course it's not only TA that determines the success of each transaction |
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it is true that the most important thing in trading is good defense. in the sense that we must secure the capital so that it does not run out. As far as I know, before we trade, of course, analyze it, which can also use the help of indicators. I think what a good defense means is when the price doesn't react to the indicator signal then what we do is cut loss, so we don't fall into deep losses
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right, good traders are not those without losing and making consistent profits. every pro trader must have experienced mistakes in their trading, but they will still exist because they can manage risk at every transaction. what they think about is how to find opportunities to come back after experiencing defeat by refreshing the brain first. they realize that they are also human
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For me the first rule of investing is not to listen to anyone, but if heard something, check it two-three times.
I havent invested a lot, and I’m not a frequent investor, but I have already “burned” myself with bad investments. Listened to someone promisses and bought something without checking what is behind that asset.
when we decide to invest, indeed the most important thing is to learn it first, whether in any investment. we can take for example bitcoin, which has not been legalized, but has a good opportunity to invest, on the other hand I think it also has a greater risk than land investment, therefore we can consider what percentage of the money we have to invest in btc |
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Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
The early investors believe on the foundation laid by Satoshi, this I why bitcoin has managed to increase over the years. You will come to the post in the next 10 years and said I wish I have bough more bitcoin then because its keep increasing in value every year mate. The only challenge with bitcoin so far has been its volatility but on a second thought, that's what make bitcoin and crypto more interesting simply because of the watery profit and loss perhaps ( also profit in future) with its supply still different from fiat currencies, and more and more in need of it even though legalization is still difficult, I think bitcoin is a new breakthrough that goes against the current government system that can print its own money. but we see more and more people who are aware of and study bitcoin and predict what will happen in the future, so that the development of bitcoin seems to be unstoppable even by the government. |
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