That's true, being lazy will result with many people losing money and then when they lose money because they believed in others, they will start to their own trading research and analysis. However, if they end up losing and still go for someone else because they are lazy, so they just change the people they listen to, then it is not going to be good.

All in all when we talk about all of this, I believe that we are not going to end up doing any better, and should be considering this as not a good thing. I know that people may end up with some trouble in the end, but that doesn't mean that they can't just continue to grind their own analysis skills and should not do that. I hope they do, but it will take a while to do that and they need to endure that process.

Both are actually giving significant profits but if I want to take advantage and maximize the profit making, then it’s better to keep them and work on progress for them both. You can’t rely to just trading alone, because there are times that the market won’t let you become profitable even how pro you are, but as a government worker, regardless if you are a newbie or pro, you will certainly received fixed amount of income at the end of the month. But working on it alone won’t never give you unlimited profits, unlike when you prefer to work on both.

What happens is that when you open multiple trades at the same time is very easy to lose sight of the risk you are taking, and if you lose a few trades in a row it is very easy to find yourself in a situation in which you lost way more money than what you thought you could lose.

And this is a terrible scenario to be in, because even more important than a solid entry and exit strategy is to minimize our risks and to prevent a massive loss of money, because once it happens now you will have to take an even bigger risk just to try to breakeven.

Getting rid of debt is the right step, this is what will remove the burden of responsibility from us. After that, you can think about saving and investing money in some business, or bitcoin, the most important thing is not to focus all your money on one thing, since diversification can protect you, if any of your investments fail, then this will not be a disaster for you because you will have another business or investment.

Bitcoin is a good investment and its cyclicality provides good opportunities, but you need to remember that this will not always be the case, there will come a moment when everything can change and we will not see the usual sequence in its cycles.

I agree that there are those types of investors who classify themselves as angel investors, venture capitalist,¹ etc. But before they become all of these types of investors, from my own perspective, I have put them into some classes. It is not an exhaustive or an elaborative list but at least, you get the idea of where I am driving at.

Class of Investors to the best of my understanding

New Investor
These are friends and family members who are willing to contribute a small quantity of money to your company.

The Ponzi scheme Investor
One who invests in ponzi scams continuously is this. This is the person who thinks about get-rich-quick schemes.

The researcher investor
The researcher investor wants to conduct thorough investigation before deciding whether to invest.They might even decide against investing altogether since, if you wait to make a decision until you know everything, you might never invest.

The Wealthy Trader
This one has had a number of profitable investments over the years. They are knowledgeable, experienced, show expertise.

What class of an investor are you?

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1. https://www.investsmall.co/the-different-types-of-investors-what-kind-are-you/amp/

It's okay to be sceptical about BTC's nature but what is wrong is if you are sceptical after hearing those fake information about BTC but indeed it is no surprise since everywhere we go, there will always be haters. BTC doesn't threatens anything because it is unique.

It is digital while traditional fiat systems are offline. There are still other differences between them but I think I am not going to tackle them anymore. It's already in the nature of people to resist things and it's funny that they will regret later on. We have seen a lot of complaints like that here in Bitcoin. We need a society which are open-minded so that our lives can improve quickly.

I don't invest my entire money in one thing, this is really risky if unfortunately something bad will happen where i spend my money then there will be no other option for me that's why I need more investment not to rely on just one. I always divide what salary I used to get monthly base half in bitcoin and half I always invest in my side business. If this business perform well in future then I don't have to do job in future. That's why I don't spend much and my focus is always to invest in such things rather then keeping my money in bank.

This is what many of these newbie traders need to know so that they will not always make loses in the market due to greed and the urge to make huge profits like the pro traders that are in the market. Learning the skill is one thing and entering the market is another thing. We need to know what we are doing and get prepared of the challenges we might face in the market before thinking of making that huge profits from the cryptocurrency market. If we get the necessary skills and all that is needed including our mental health and all it entails then we are going make a good earnings from the market without havinguvh difficulties.

There are a lot of cryptocurrency wallets to pay and receive payments. While you choose a wallet, what things do you consider first like technical support, transaction fees or blockchain technology and why and what is the most important thing for you? We should discuss that!

There is a good relation between Bitcoin and youth. Bitcoin is a digital currency and its transactions are conducted over the internet. Youngsters are more prone to use the internet, so they can easily use Bitcoin. This is the main reason to get rapid popularity of bitcoin. Youth can easily accept Bitcoin, So most of the youth users use Bitcoin most. People who are middle-aged or older are generally less interested in Bitcoin. A large number of people don't know about Bitcoin and some others know but can't take the risk. Those people are generally more attracted on gold. In any kind of work the youth are always ahead. The interest that young people have in BTC is gradually expanding, while many older people are now slowly getting inspired.

We all know that someday we will pay the price of what hobbies or addiction we borrowed, but in the meantime, it's not bad to enjoy life for a moment and unwind. Life is very short and in a blink of an eye it can end sooner than you expected which is also why I have to agree with you guys saying it's not all the time beneficial for someone to bank their moneys while almost torturing their self to the point of no longer living but only working. I believe banking is still and option for you to save while you are still planning for the next move, but what's more important is how you will move from there and not only getting stucked at banking.

Doing business cannot trust anyone 100% even your family, there should be suspicion to anticipate financial abuse from your staff, but in the current era it is very easy to identify company finances because everything is recorded in the application so any errors can be easily found, so all procedures apply to all employees without exception your friends and even your family.

Bitcoin or any cryptocurrency, the volatility in them is not because they are young and fragile, but it's their nature and natures don't change, even if they do, they don't change totally but maybe a little bit. Also, how will any of the cryptocurrencies, even Bitcoin, be profitable if they become stable after they are mature?

Good news and bad news, they both will always have their effects on the market and that is good for us holders or traders since that provides us with opportunities to get profit out of our investments and it also gives us opportunities to make investments in the first place.

what you say is true, anyone who is going to buy Bitcoin of course has to make their goal. sometimes those who trade daily don't really think about the right time to buy. and some Bitcoin investors also buy gradually, not even seeing market conditions that are pumping or dumping. some are just thinking of collecting more Bitcoins for a very long period of time. others sell them short for a profit.
anyone and anytime can buy Bitcoin. it all depends on the length of the market and the possible future of the asset.

This sad story makes me wonder what he did to fuck up his situation so badly. If I had to guess I would say he joined a ponzi scheme, bought some useless shitcoin of a dog or created an account on Binance and tried messing around in the future market with high leverage and not knowing what he was doing.

Because, if you as an investor buy Bitcoin even if it is a big quantity and you simply hold it it is very unlikely you will lose your money so suddenly and would drive you to kill yourself.

That young man got into a market he did not even know what it was, but at least he was saved from taking a permanent step which would have not helped to his temporary problems.

I am not an expert, but if we are talking about a country with big technological and economical capabilities like the United States, United Kingdom or China. I would not be surprised if they managed to get rid of their paper money by 2050.

On the other hand, other countries where the step forward to CBDCs are not a priority but rather the state of the economy itself, those centralized digital coins will take much longer to become the norm, people will continue to use paper, I would also expect China to sell specialized CBDC software to her allies so they can implement it faster and even with the typical surveillance mechanism they are mastering lately.

If you are expecting any guaranteed or promised profits in the crypto space, much better save your $20 right now.

If you’re not yet knowledgeable about crypto trading, it’s not worth spending your $20 for that.

In other words, you need to learn and enhance your skills in crypto trading first by going into the demo platforms to test yourself.

And not just that, you should equip yourself with proper risk management in both time and money like getting ready for the unexpected, acknowledging the unpredictable price changes whether bullish or bearish, etc.

We totally agree, if the so-called strategy, it is very suitable for the field of investment and trading. but that does not mean, the strategy cannot be applied in gambling. I mean, if gamblers don't have a strategy, method, technique, or whatever it's called, then we're gambling blindly. I understand what you mean, we are very aware that losing is part of the risk of gambling. in fact, even for investment and trading has its own risks. although, we cannot generalize it. Therefore, gamblers who have a lot of experience, or can we say veteran gamblers, I'm pretty sure, they have various ways, techniques, methods, strategies, or whatever you call it to minimize the rate of defeat. btw, we are talking about gambling in general and not just pure luck based gambling.

Well, if we talk about gambling that is based purely on luck, I agree with what you say. I would quote it, "because the more attached one is to gambling, the greater the possible amount of loss we incur". that's exactly right, if we relate to gambling that relies purely on luck. but unfortunately, your assumptions do not apply to some types of gambling. for example, sports, poker, or anything that involves knowledge, technique, knowledge, and experience. some people say skill, others say strategy.

But the important point is, gamble according to the standards of ability that we have. that way, we will only consider gambling nothing more than fun entertainment.

Well said, It is equally important to master technical indicators/charts to make entry/exit at the right time, specially when combined with effective risk and money management strategies. This approach can help to take advantage of market volatility and generate passive income. However, this approach can only be successful if implemented with discipline, patience and  utilizing risk management tools, such as stop-loss to avoid significant loss in case of sharp/unanticipated market movements, and good understanding of market dynamics.

Neither is better than the other, it all comes down to personal preference. As a married person, I also choose a job with a basic salary because I need a stable income, although the chances of promotion or income increase will be lower than a commission job. But that doesn't mean I don't have the opportunity to increase my income. Thanks to a basic paying job with fixed hours, I have free time to find another job or can schedule a time to learn about investing. Since then, my income is not inferior to anyone.