|
With the fact that bitcoin is the most popular cryptocurrency and also the oldest, bitcoin still stands as the most preferable because of it's potentials. Bitcon within the years had faced many challenges but still breaked through, bitcoin is just like the father making way for his children, bitcoin will keep increasing in it's value because more people are getting to know about crypto and first of all learns about bitcoin first before moving to altcoin.
|
|
|
|
|
Trading is not what you should jump into in a haste, to be a successful trader a good knowledge and skill is required, so you should first of all learn about trading, then after acquiring enough knowledge you can checkout for an exchange which will be suitable for you, tho binance is more preferable because it got a fair user interface which means it's very easy to use and very popular with a good security system.
|
|
|
|
|
For you to stay long in this crypto space and to also remain profitable knowledge is needed. It's actually not good to Chase the market because the reverse might be the case, study and learn how to analyze a trade so as to know the best time to enter. The rule has always been to buy low and sell high, a person who is new to the market can just stick to these guide and will keep making profit without even much knowledge, wait for a fall then buy and hodl then sell at a high price.
|
|
|
|
|
This is very insightful and have also learnt some things frim this post as well. We all here about greed in almost every time and still yet we fall for it, most of us don't learn until we are dealt with, i have been trading for a while and making cool profits, due to greed i almost lost everything both profits and capital, so bad i learnt my own lesson the hard way and now am trying every possible to control my greed.
|
|
|
|
|
Like it's always said knowledge is power, most people loose capital in crypto because there refuse putting in much efforts and expect good results, most newbies due to hype buy some coins at a very high price and end up loosing funds when prices retraces, so this is more reason why more efforts and time is need, try to educate yourself on how the cryptocurrency works, tho the market price can't be predicted perfectly but with good knowledge you can be at the safer side.
|
|
|
|
|
Crypto has been getting more traction as people are getting to see the usefulness of crypto and what there could possibly benefit from investing in crypto, the crypto price movement which is volatile makes the crypto market to be beneficial to investors, and crypto can be seen as a very big investment opportunity for both now and the future. There are many lives which has been changed in crypto, just learn about the risks involved and know how to manage it surely you will stay profitable.
|
|
|
|
|
No doubts there are so many people around the world who haven't heard of bitcoin, many people find the word bitcoin so strange but it's just a matter of time bitcoin will be known as it's good news will keep spreading across countries. We can clearly see it that bitcoin popularity is growing with time, some individuals who didn't know about bitcoin are now crypto enthusiasts so what is required is just time bitcoin popularity will keep growing.
|
|
|
|
|
Most times is good to take profits while in profit, it really feels bad seeing your investment getting so much profit and you didn't take those profit and after a while price falls back below your entry making you loose those profits, so most times it's better to sell when in profit and buy back later when prices dips. Talking about task not all countries impose task on crypto gains so i think it depends on your location, people in countries which task are imposed on crypto can actually save thier profits in usdt.
|
|
|
|
|
Bitcoin has faced many challenges and still didn't die, over the years there were lot's of uncertainties, government banning bitcoin, many bitcoin hodlers panic sells their bitcoin and still yet bitcoin survived. So there is every possibility that bitcoin isn't going to die anytime soon, bitcoin will keep achieving great heights and also increase in it's value, bitcoin won't be gone and will surely exist as long as the crypto market is still very much alive.
|
|
|
|
|
The crypto space is really very broad and connected with lots of activities to earn money online, all you just need do is find a suitable way of earning from crypto and be consistent with it surely money will be made, like you said you weren't good in trading which causes anxiety to your body system and it's a good one you quit early, so i think you can try up staking, it's actually a good one tho the reward isn't that much depending on the amount staked. Bounty hunting is also a good one.
|
|
|
|
|
This is really a sad truth most rich people wouldn't want the poor to be rich because there feel the poor will be on the same status with them and there will be lack of servant to carry on the duties of the poor, most people why they are poor is because of lack of information and opportunities, they are so many people out there who are really knowledgeable but still poor because of lack of information and the rich got a lot of opportunities which can be utilized by the poor and within a short time frame there would also be rich.
|
|
|
|
|
For me i would definite rich as being in the state where you can literally provide all your needs without struggling or thinking about what would be left, this simply means that being rich is just as being financially stable or let me say being capable of taking care of your needs and still having surplus. Having enough money to take care of your needs could make you rich for a while but sustaining that riches you need to have a back or an investment which will keep bringing income.
|
|
|
|
|
All this you mentioned are really a good way of earning passive income, but for me i prefer staking on Binance because it's actually a very big exchange and has many way of earning too not just staking only, and also why i prefer Binance is also for security purposes tho binance has been hacked before but didn't run away which made them trust worthy and i am sure since then their security became stronger so there can't be hacked easily and i would also prefer Binance to any other exchange earning activities.
|
|
|
|
|
There are real so many reasons to which people chooses to invest in bitcoin, firstly nobody will invest in something that is not profitable, bitcoin is profitable because of it's volatile price so the main reason people invest in bitcoin is to make money, another reason people invest in bitcoin is because it gives them full control of their assets and also through bitcoin there can actually send money to anywhere without much stress. Many people will so choose bitcoin over many investments platform.
|
|
|
|
|
This isn't the first time china is placing a ban on crypto, there are only causing a FUD in the crypto space in order to drag priceses very low, and i think there have a plan for doing this, but so bad the FUD there shared affected the market price so bad that we saw this low prices which is still down till now and this is because many people panicked sold. There are actually good news of adoption coming in and with this i think the prices of bitcoin will start laughing upwards
|
|
|
|
|
Well actually i could say bitcoin is better used as an asset and also a currency, as an asset due to it's volatile price it has become profitable to investors buying low and selling high which has in return fetched a good profit and as a currency it could be used to send money across country without stress, so i think bitcoin can be better used as an alternative currency and also an asset as well. We shouldn't always think bitcoin will replace fiat, it seems somehow impossible.
|
|
|
|
|
I really like this, I have always known that the bull run isn't over yet its Just some manipulation and FUD that is giving us this low prices and am sure $65k is not the top for bitcoin this year. So bad many of this guys who didn't buy bitcoin at a cheaper rate are causing FUD and making panick sellers to sell of so that there can see a low price to jump in and invest, it's very much certain that the bull is still very much around it hasn't ended yet slowly we will see prices bouncing back to the top.
|
|
|
|
|
Some how you might be right but this sounds weird to some people who must have bought the top, the recent dip really cost pain to many crypto investors and traders because it really took them unaware, everything happened so sudden. But this is still an opportunity to many people! Yes because bitcoin falling from 65K to 30k is really an opportunity to enter into the market because surely $65k isn't the top for bitcoin this year and it's obvious only the diamond hands Will make enough profits.
|
|
|
|
|
Show Posts
