All the tips your mentioned here fail in the trading platform as they are not in a trader. If a trader can follow each and every strategy you have mentioned then surely he can get success from the trading platform. Never trade with emotion on a trading platform Whenever a person trades emotionally on a training platform he will fail on the trading platform. Don't be too greedy in trading platform Whenever a trader is too greedy in trading platform he will fail in trading platform. So every trader should trade by adopting proper trading strategy.
Trading is too complex an activity, because there is no one clear algorithm that would act the same way for everything. Therefore, every trader tries to create their own strategy that will work for them. Don’t be greedy, it sounds too abstract, and will also depend on the trader’s strategy. And traders lose more than they earn for the reason that they do not follow basic rules, do not share the risks in trading, and even perhaps simply choose not the most reliable coins for trading. It's simple to say to not become greedy but it's hard in reality that's why most traders fail because they forget to take profit. Most of the people I met people who choose crypto because they want to get quick profit, we should remind them that crypto is not a quick profit scheme but it's a place where your patience, your greed, and your analysis are tested. |
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Quitting smoking has two big benefits, and I've been doing it for over 3 months. And both can be said to be long-term investments, apart from long-term health, the money used to buy cigarettes can also be used to invest and I invested in Bitcoin.
In one month I can spend approximately $90 to buy cigarettes, and the price of the cigarettes I buy is around $2/pack for one pack a day and sometimes more than one pack.
And by quitting smoking, I was able to increase my regular monthly Bitcoin purchases from a portion of my monthly salary as well as $90 per month in cigarette money.
~snip~
I hope you can consistently quit smoking, what I heard from my friend he wants to quit smoking but it will only last for a few months because he felt like something was missing when he didn't smoke. If it benefits us from doing it we should keep doing it since smoking won't benefit anyone then it's better to leave it and to those who didn't smoke don't try to smoke because it is addicting from what I heard. Also its true that smoking wastes our money so what you do with your cigarette money is already the best thing. |
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I have been in a dilemma for some time now. Do I invest Bitcoin or I will start binary trade. I could not understand anything. Sometimes I feel like doing binary trade. I think that if I don't lose it, it goes around in my mind. But I did a lot of messing with Bitcoin. And read many websites and articles. After seeing everything and I have been around in the crypto world for a long time. I have experience on Bitcoin because Bitcoin 2022 was priced a lot. But now 2023 he is going to Bitcoin and at the beginning of this 24th and I am growing. For that I ask you for feedback if you give your valuable ideas then what is better for me because I have been in conflict with Aibitcoin and Binary Trade for a long time. But in many places I see that I have people and some they are making a lot of money.
Don't easily get persuaded by someone who earns lots of money from trade because when you trade you won't 100% get what they did. Binary trade and Hold Bitcoin have their own plus and minus if you willing to risk losing your money with more profit you can start to learn how to binary trade. Choose which strategy that suits you better, hold without any mind burden or trade with your own risk. |
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~snip~
So, is it safe for me to store my coin there or is there any other wallet I can use to store my coins? I know of electron but apart from the electron is there any other wallet which is safe?.
My profile shows that I am still new on Bitcointalk and I would say with my actions I am very interested in learning more about the accumulation process so I can gain more Bitcoin.
Keep accumulating and use the DCA strategy, there are lots of wallets you can use but Electrum is the best wallet for Bitcoin I used so far. Don't forget to set your strategy on your investment because take profit is needed to choose your next strategy. |
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~snip~
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?
Just show him how well Bitcoin performed in the last years, he will shocked when he sees the bitcoin trend from halving to another halving. You already contributed to the Bitcoin community because you have already succeded in introducing Bitcoin to your friend if you are able to guide him to start then it will be very nice for him. it's our job to those who have already been in this community for a long time to guide those who want to know Bitcoin more. |
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~snip~ Cryptocurrencies and related products ....>>Here is the link where you can read the policy about the update. Must read. well before that Google never allowed advertisers to advertise Cryptocurrency assets I think it could be a good update for the crypto space. What do you guys think about it? Must share your opinion many Thanks I guess Google doesn't want to miss the train too since Bitcoin ETFs already been approved and when Google started accepting Bitcoin advertising I saw some ETFs ads when I used google, it will increase their revenue in this matter. On the other hand there will be more Bitcoin and other cryptocurrency ads incoming it's not strange especially when the bull market start. |
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Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
We should have an emergency fund in our life so saving is important too, because when you have investment priority but with zero saving you can disrupt your investment strategy. Don't ignore saving some from our income just like we save some portion from our income for investing, long ago I ended up using my investment to pay my medical bill because I didn't have any savings and it was when Bitcoin at a low price made me lose my opportunity to take profit from my target. |
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For those of us that are into altcoin signature campaign and have accumulate some in your wallet, what do you do with it since some of them has low value at the moment if you check their current price?
Do you keep holding it hoping that the price will finally come up since it seems you can't actually trade it with it current value.
Will the altcoin become valueless after the campaign is over or could still gain value after some years.
Most of altcoins in my wallet already had no value at all the project already abandoned by the developer, right now I only leave them in my wallet without any hope the project will continue and there are some altcoins with no value from the start but the dev still update in the group until now I keep my patient and hope it will have some value one day. It's normal to see many new altcoins don't succeed in listing in the market and end up as a trash in our wallets. |
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During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.
For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?
Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?
It's only a healthy correction in my opinion we are already up 3x from the bottom price in this cycle. Since this is not my first major dip I feel like it's something normal happening, many people expected we're go above 50k$ when the ETF got accepted but in reality we had healthy corrections that don't get affected easily by those who post price analysis in the social media cause their prediction won't 100% accurate. Use your own strategy and don't be greedy |
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Playing crypto for many years without holding Bitcoin.
~snip~
Well cryptocurrencies not only Bitcoin and Holding Bitcoin is not mandatory so it's fine I guess but at least he knows what is Bitcoin, who created it and the history behind Bitcoin because Bitcoin is like the face of cryptocurrency. It's weird if someone playing crypto without knowing Bitcoin. I love to hold cryptocurrencies but never think to hold 100% my portfolio only Bitcoin. |
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No one can tell where the market is exactly heading but regardless of the price of bitcoin, I always think now is the best time to buy bitcoin. Some people may continue to disregard buying bitcoin because they keep on waiting on the perfect time to enter the market until they lost a lot of opportunities because of their mindset.
However, for those who are very positive about bitcoin and have high faith on its potentials, they always see to it that they never miss opportunities to invest and keep DCAing instead to accumulate maximum amount of bitcoin.
A lot of people trust their buy entry to some influencer on the Internet although it's not a bad thing for those who just enter this space but just like you said we never know where the market is heading. Our strategy will determine when we should buy Bitcoin and when we should sell Bitcoin cause many people only see quick profit from Bitcoin. Right now DCA is the best strategy since many speculate that after ETF we will fly above 50k$ but in reality we're back to 40k$. |
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Glancing through the article https://cointelegraph.com/news/bitcoin-rent-agreement-argentina-landlord-tenant one would conclude adoption is striving in Argentina. Paying for a house with bitcoin sounds to me a mistake or lack of financial knowledge. Bitcoin is better than Fiat. Bitcoin increases in value and fiat faces inflation. Why then would one spend Bitcoin instead of fiat on a house rent which may expire in few years? Accommodating the Bitcoin can birth the person more money to pay his next house rent. But fiat wouldn't add any interest in the bank. Moreover the house owner will not hold the Bitcoin. We can say it's a good thing and a waste for the tenant, it just depends on our perspective and actually it will be a good one for Bitcoin since it will increase Bitcoin adoption and more people will acknowledge Bitcoin on the other hand the tenant only spend a few Bitcoin for a good purpose which means more adoption. If we want to Bitcoin to grow we should support anyone who wants to pay with Bitcoin or anyone who accepts Bitcoin as payment. |
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~snip~
The momentum appears robust, with indirect support from Elon Musk for $Troll, while $Smiley boasts a large and supportive community. I'm pondering if it could pull off another Doge. Any meme experts here? What's your perspective on this?
If you want to make your chance more bigger you can invest in all new memecoins with small capital, it's totally based on luck to discover a memecoin that could change our life or you can choose memecoin based on a meme that is already famous. Just like it's name many people make memecoin just for a meme. |
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~snip~
I think using this low leverage is good for traders. But investors should not use leverage at all. Investors should even supposed not to leave coins on exchanges but moved the coins to a noncustodial wallet.
This is also not applicable to many coins that are very volatile in a way that 1x leverage can even lead to liquidation of asset. See what happened to TRB recently that fall from almost $700 to $125.
I used 20x leverages for small capital when trading Bitcoin and for trading Altcoins, I stay away from using leverage cause I once traded altcoins with leverages and got liquidated in just a day lmao. for big capital it's better for me to trade without any leverage cause mostly I hold it for the long term and waiting the best price to sell. As long as we know the risks it's up to someone if they want to use low leverage or high leverage. |
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~snip~
Anyone here who trade altcoins and especially memecoins and give insight on this? Also it's hard to 5x even with altcoins now right? But memecoins it isn't? Just the risk is much higher? Now if you could buy 5 memecoins and one of them 10x and the other ones go to zero... then you profit right? Also do all memecoins and altcoins go to 0? Or it's always like $0.01 or $0.0000001?
There are lots of questions but to answer that question in short, yeah many people try their luck on memecoin and some low mcap altcoins because of more risk and more profit for them. They already know the risk and most of them not only go to $0 but also the project discontinued. If you want to invest in altcoins you should know when the altcoin season will start if you want to invest in memecoin it's like gambling and you should be ready to lose your money in just a few days or even a few hours. Just don't be greedy when you trade altcoins and memecoin make sure to set a target to take profit or you will be late to get profit. |
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I spoke to a tutor who teaches trading, and he said for his lectures, he teaches for an extended period of nine months for anyone who wants to learn trading from him. Please I like to read the personal experience of some traders here, how long did it take you to learn to trade profitably, and what was the hardest thing to learn? did it take you weeks, months or years? Do you think that trading can be learnt well in a short time like three weeks for a quick trader? Can someone who is a proffesional trader just go straight to the point pointing out what is needed to make a successful trader to a newbie to learn quickly?
From my own experience for me to become better at trading, I need to learn for about a year, I learned it from the Internet without anyone guiding me although it's recommended to learn it from someone so we will get a better experience. Also it's not like something that we learn in a few months and we are already good at it we need to experience real trading the more we trade the more our analysis becomes better. For those who want to learn trading and have some friends that good at trading don't be shy to learn from them cause having a teacher is more efficient rather than learning from the Internet. |
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~snip~
* Bad debt: This is what makes a person suffer, because it is the things that give us liabilities or the ones that decrease in value, such as gadgets and cars. And the common problem with these loans is that you will pay them with high interest.
* Good debt: this is the type of debt that will make a person rich. Or else you will also earn money because, instead of using it for your needs, you will use it to build an asset. Which, if you handle it properly, can give you extra income.
~snip~
Well, I am one of those people who is against debt because whether I use it for good debt or bad debt it will remain in my mind and it will add to my responsibility list to resolve. If we don't have a backup income to pay our debt then it's better to not debt to anyone, dont forget to add risk management skill so you can lower your risk of losing your borrowed money. What I catch about Good Debt is that more like an investment where we look for investors to invest in our idea. Getting an investor and borrowing money are two different things because if you have an investor you can use the money without feeling chased by someone but if you borrow money its like being chased by someone and under pressure from that person, it will disturb your mind and make a horrible decision. |
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Ok. so when you invest your money in Bank, the bank will use your money however they want and make money with them. and then give you 10% or 15% max anuallly. but bank keep your money in its custody. it controls it and you can't take it back easily without paper work.
But Good thing is Bank will give you full guarantee of your money. and whenever you want youl'll get your full money after completeing the paper work.
And when you invest your money in crypto You will be the one 100% responsible of your crypto as well as have fully control over them. you can decide where to invest them. how to divide them among multiple assets and you can earn way more than what bank gives you. of course investing in crypto bring its own risks too. but I would still prefer investing crypto rather than trusting a bank on my money.
If we know how cryptocurrencies work then it will help us to get profit since many new people in this space only become their exit liquidity. I would say if we invest in altcoin when the altcoin season ends we could end up losing our money rather than getting our profit so I would prefer to invest in the bank when the altcoin season ends. Overall cryptocurrencies still gave me the best profit so far so it's only how we use it using our experience and how to use the best momentum, as long as we don't become greedy most likely we won't lose our money easily. |
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