All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone, if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.
I agree that any investment has risks. Bitcoin also has some risk, but to a lesser extent than when investing in altcoins. Compared to other crypto currencies, bitcoin can be called a safe haven. Many cite the high volatility of BTC, but when viewed from a long-term perspective, this becomes negligible. Lubang Bawah's words that it is better to save bitcoin in the exchanges (especially in the long term) seem even more risky to me and it seems that he forgot the rule "not your keys - not your money". putting bitcoins on top exchanges in my opinion is not the best solution to protect from hackers, we don't know, anything can happen. for me to keep it in the long term stay in a personal wallet, where the security depends on ourselves. I think this is the right time to buy it so that you can save it for the long term as happened from 2018 to 2021. And of course, in investing, we may rarely open the chart, that is the key to success in holding, of course there will be a lot of news on social media. that passes when the price is good |
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Dude only the long term matters.
In 2017 bitcoin's ATH was $20000 and today it is sitting at $33000 while Shitethereum was 0.15BTC and is currently sitting at 0.07BTC. Short terms ALL shitcoins are surprising for example while everything is dumping these days a completely random shitcoin called LDO got 30% pumped in the past hour.
I dont like to argue about the market dominance of any coin but the longterm has alot to say as you said. I am not touching bitcoin again in my own opinion, bitcoin cant make 10x from any cycle with the current price again. The last bull market push 60x for ethereum ($80 to $4800) while bitcoin made just a little above 20x (3200-69,000). Vitalik made some bad and late decisions in market but he is targeting gas fee of $0.05 after hardfork which should make many come back to the smart contract and its trade In the cryptocurrency market, there is time for price growth, but there is also time for long falls. Now we see a bear market and no one knows how long it can last. Experts predict a possible fall of bitcoin to $24,000. It looks like our dream of seeing more than $100,000 worth of bitcoin soon is being delayed again. Indeed, with a large price value, it becomes very difficult for Bitcoin to grow at times. Ethereum has a number of advantages in this regard with its relatively low price. In a few months, we will finally be able to see the updated network of this coin, and then, it is likely that its popularity will return to it again. if you look at the bitcoin chart, I think around $30k is a strong support, but we are still waiting whether this time it really becomes a reversal or will it break again so the price drops again. I think that the next $20k will become support again. If you look at it previously, this area is an area that is resistant to become support, and has the potential to make a profit for traders. but again we can only predict it, if it's still wrong of course we have to prepare a plan B to take the risk |
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Shiba Inu has billions of supply and lots of people are holding. It will take a lots of supply burning for Shiba inu to appreciate for mor than 40,000%. We might see 10 times increase during meme bull run but to think Shiva inu will rise to $.10, it might not be possible!
the supply of shiba inu is indeed quite large and you are right, everyone will always be pessimistic about coin memes, but shiba inu have a very strong community and they are able to do something so that the shiba inu coin can increase. we know that recently the community burned some of their property to reduce the supply. although it is not significant but indeed they continue to improve in all lines. Besides that, Shiba Inu always innovates in order to provide confidence so that many investors want to invest their funds in Shiba Inu. indeed to be able to reach the price of up to $ 0.1 is certainly not easy to achieve but they will strive for it even though it may take time. Basically the community has a major role in the development of the project. shiba has a large community, which is in the top 20 coins. but unfortunately the large supply makes it difficult for shiba to increase its price, as is your calculation which of course requires a larger investor to raise the price. $10 I think is hard to reach, but we can make a little profit here, considering this is a high-risk meme coin |
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Golden opportunity is when we look at the price of red like a few days, the price of BNB drops more than 12% in a week, and matic drop is more than 16% a week, seeing the price trend that is declining I suggest to buy, do not sell when loss because now It's time to invest More instead of selling in a loss condition.
Taking advantage of this moment of decline to buy some coins is not wrong, because those who buy at a low price will always be able to feel the benefits as long as the buyer can be very patient waiting for a better market return, the only problem is that not everyone can have a lot of patience in this situation. between bnb and polygon is a potential altcoin, with a sharper decline it is our opportunity to buy. buying and holding it until the bullish season arrives is the best way to make a profit, unfortunately we don't know when that season will come, so patience is needed to wait for it. don't let panic sell through us, where we sell at a loss because of fear of prices going back down, this is where things seem easy but difficult to do |
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The comparison is very wrong of course, because the current level of TRON is very far when compared to ethereum, but for updates I think it is only natural because both have been very long in the crypto world of course this must be done, but until now TRON has not been able to fully affect crypto users so the value is very difficult to continue to increase, but very much the difference with ethereum although the update is not yet fully applicable but ethereum enthusiasts are getting higher.
so far the development of tron is quite good, this is an old coin that still survives and shows improvement even though it is not as good as ethereum and bnb. I personally often use tron for the transfer process because it has a low fee. Technically, tron actually has touched strong support, and is currently starting to fly, unfortunately bitcoin developments don't support it, so tron follows suit |
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I fully support you in this concern. Never trade the full amount of your deposit. This will increase your risk and never make any trade in one basket. If you can research and trade in different places that will minimize your risk. Don't falling down in the trap of greediness.
Yes it would be very risky if all our money was used for just one coin, so it is very important to minimize risk as much as possible and also need to set targets at the beginning both to sell and buy, if you feel you have made a profit, it's better to sell it and of course it depends on the analysis we have done previously Anyone who puts all of their money into just one single investment doesn't know what investment is or should happen. I personally do not even put it on anything all together, I always end up with cash almost all the time. Sure, there are moments when I believe market has crashed to bottom like today and I invest all I have into bunch of coins, but never into a single one and usually when the market is not like this I end up having some case just in cash. It is one of the most important things, because it allows you to get ready for anything that may come later on if the price drops. If the price goes up, you profit anyway and no need to consider anything else. actually putting all assets in one basket doesn't matter if we put it in bitcoin, and I think it's the safest, it's just that the profits are not as big as if we invest in altcoins. and this method is the safest way with minimal risk, because everyone believes that bitcoin is the mother of all altcoins, which is the leader in cryptocurrency. but if we want more profit, of course diversification is a wise choice |
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Those couple of retail financial backers that figure out how to get enormous benefit is sufficiently fortunate to have a position sooner than whales. I don't know precisely the way that you think crypto will be the way to get away from destitution. To put food on the table become familiar with any expertise in cryptos and help new undertakings by working for them as a trade-off for some compensation.
crypto can alleviate poverty as long as we have knowledge of cryptocurrencies, with price increases of up to thousands of percent, crypto can double our money even with small capital. especially if we are good at trading, of course it will be easier to get money. so I think knowledge is the most valuable asset in this business. and in 2021 we will see many young people who are suddenly rich |
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Patience is the main key in investing, as long as the object we invest in is correct, then there is no need to worry about waiting for it, even for years, as you do. it should be like that, not an investment that just wants to get a quick profit. Of course, it takes an established psychology to be able to hold it for that long, and it takes high confidence to always be patient waiting, and finally what is expected will come.
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I think to reach a price of $ 20 is very possible if you look at the development of the Polygon network which is getting more and more users. however whether it will happen in one year I can't say for sure, but for the next 5 years I believe the coin can exceed $20.
I even hesitate when I see the current price on Matic, because this is not only about the influence of Polygon network users, but also the influence of investors and traders who want to like Matic so they will buy it in very large quantities. So I hesitate because it's too far off the target for Matic if it's for the $20 price tag. $20 may seem heavy for matic to reach it. From its development, matic seems to be stagnant and there is no significant spike, even the highest price is around $3, it seems that this coin is indeed favored by short-term traders, so that when they are profitable they will immediately sell it, if we look at the matic network, it is increasingly popular, but in fact the price development has not did a high spike until now |
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At a time like this most investors get confused about the right altcoin to invest in and this confusion always leaves many to wonder about what criteria to choose when deciding on the right coin to buy for a long-term base. Should utility alone be a major factor in determining a good altcoin and being speculative in the price?
Well, as far as I know, altcoins cannot have utility and be speculative at the same time, so here you need to choose what is more important for whom. If we talk about long-term investments in altcoins, then I believe that utility should be one of the main factors when choosing, because if an altcoin brings utility, then it will be used more, which means its price will go up. Of course, this will not be a quick process, but for that you will have a better chance of making a profit. As for altcoins for speculation, here it is like in roulette, you are lucky or not. actually we can choose old altcoins that are already good, and of course in the future the funds invested will feel safe. different from new altcoins whose potential has not been identified. sometimes we analyze that altcoins are good, but turn out to be wrong, because many are scams, especially in bearish conditions. I think the best thing to do a new altcoin analysis lies in its fundamental analysis, so that we can get to the root of the project |
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Metapets is a pump and dump project or better-called shit token like many used to say on here, the road map and the utility sucks so much that I don't want to be a part of this project in any way, there Are hundreds of better projects out there and the one you can come up with is metapets? Don't waste your money and time on this project.
If it proves to be bad, it is better to leave this project as there are many other better options in the crypto space so there is no need to waste time looking at a bad project as it will obviously benefit no one but the project team itself. yes, we only leave it when it doesn't match our thinking about the project. but for those who like speculation, I suggest using a little of your energy in investing, because actually in crypto we have been served with safe coins, but many people want bigger profits, so not a few of them like to gamble. Until now, there are a lot of new projects, and this is one of them, so we have to be very careful in analyzing them, especially the fundamentals |
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I think that's not how this game works. It was not like a money doubler scheme but anyone can donate on the address and once they reach a certain amount it will then be send randomly to another bitcoin address. The ones that receives it is going to be lucky because they just got free money but that is if the address is valid and it's actively owned by someone else.
This is what he is trying to do like making fools of people pretending it's fun game and you could have a chance to win the amount but in reality he is the one who will be scamming people like you with this so called donate bitcoin to @OP game so if you are ignoring all the post above and focusing on his post only then try it once and tell us how much you donated/lost to this one. in other words, there is little chance of winning the game. even so I think there are some of them who are obsessed with this offer, hoping for luck that seems to be an impossible thing. at least this is a new game but it seems funny, i guess there is no hope to win it but i want to know how many participants are interested, whether they are real or not |
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High leverage is the killer of most traders profits and capital as if the trade goes in the opposite direction you liquidation happens faster but with low leverage you will have a longer liquidation and possible gains as the time run out.
Loses indeed is part of the learning stage and I know why pro traders only share the profit story is because their have paid the sacrifice long ago and don't usually have loses at the current time so they may not have that experience anymore.
we often encounter traders who choose high leverage and they use large lots in trading, this of course will make trading unhealthy and eventually the capital can run out in an instant. indeed mistakes are a good experience for the learning process, but at least if we can take lessons from the experiences of others then we don't have to make the mistakes they made, and finally this method is expected for us to process faster |
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By copy trading your actually implying that, you actually get to place a trade (maybe a buy or a sell) order the same time that whom ever your copying is placing a trade...! If that be that, what then is the difference between, trading based on some self proclaimed traders signals or for those that belong to trading groups. I don't see any difference in those and that shit isn't fun. First, you get to be faced with the challenge of using the signals right and then, should the sign have a wait time before the profits would start coming, your balance gets to pay the price gor which, your more likely not going to have.
Not to mention that, the trade could go wrong and the signaler might get out pr have some reverse strategy perhaps another backup trade or even pattern that you don't hve nor know about. It doesn't work for me!
That is exactly what it means, some exchanges allow users to copy the trades other traders are making, and while newbies are attracted to something like this there is no doubt in my mind that this is a huge mistake, after all it is to be expected that the trade will take a time to be copied and if you are trading very short time frames that difference it takes for the trade to be copied can be the difference between winning and losing, besides now you are depending on a complete stranger in order to make money, which is simply not a good practice no matter how we look at it. Giving up our capital for other people is definitely not good, especially for people we don't know. how not, we follow signals from other people and there is no responsibility for those signals, under the pretext it is a trading risk. for me it is better to analyze ourselves and correct our analysis, and of course we have to believe in ourselves, because doubts will arise if the analysis and signals from copy trading are different |
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Being in this forum and also in trading discussion alone will teach you so much, again there are alot of videos, articles online even on YouTube. So try and make alot of research since you less busy for now and within a very short period of time you will learn alot.
Actually learning manually will help to understand or comprehend mostly because the skill you obtain by people as a lecture come to understand fast than using online knowledge or YouTube video indecencies that the online will impact the same knowledge but the problem is that it will not be as faster understanding as manual learning, what online studies will help to educate you about trading and to have the primary wisdom of it and it's existence. especially if we are in the right community it will really help us to grow in improving the quality of trading. I think we are all the same, which must always study with the market so that the experience of our friends is a valuable lesson, where if it is bad then we as much as possible to be able to prevent it. it's not as easy as reading and memorizing, because what determines the outcome here is trading practice |
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If your goal is simple, that is to buy low and sell high, seeing a movement in the opposite direction of your order should not produce impulses in your mind. Rather see if the opposite order is worth performing, like selling some well already having buy orders at lower price.
It is not as simple as you describe. Everyone knows that the basic principle is 'buy at a low price, sell at a higher price'. Sometimes, when there is a big FUD, this basic principle cannot work. When we panic, we only focus on how to secure our money. And for the person who doesn't want to lose all their money, the immediately to do cutloss. This action sometimes is taken without full awareness, it is just spontaneous action. it is the result of our panic to face fud. when our psychology is disturbed, then common sense can no longer work, so that the decisions taken are often wrong steps. therefore our mentality must be maintained so that the mind remains cool, and even though there is fud we remain calm and even buy again to get a bigger profit, cutloss may be an option, but if we are trading, while for investment purposes, I think holding on to it is the best choice |
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Any efforts made by the state and the economic team will not succeed in fighting inflation, this is because many things can cause inflation to occur, for example, an increase in oil prices, thereby increasing production costs and of course increasing distribution and so on.
It seems that apart from that what is going on in the world as well as the war between Russia and Ukraine also has an influence, so to re-stabilize it is not something easy and can be done just like that, what is clear is that it takes time and the government must also be serious in dealing with this if you don't want the condition to get worse oil is the basic material for production fuel or distribution fuel, if it is difficult to find, they buy it at a higher price, and this has an impact on the price of the product. for now it's really hard to suppress it because of this kind of situation. and the government can only try to suppress it, except maybe later if new alternative energy is found such as electric cars for example, it will certainly reduce the use of oil |
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Inflation is getting serious and the government is not doing anything about it. It will continue to go high and I am training my self to grow my business so that I will be use to Inflation, the best thing to do in time like this is make good preparation and set to go with Inflation.
If you're living in a country that does nothing to defeat or slow down the inflation, you really have a bad governance. Within the next elections, vote for those that has a good platform and plans of slowing it down. They cannot defeat it utterly but at least if they do something, the right things of recovery, they'll slow it down and most of you citizens are going to benefit from it. And going with the current world situation, despite the active war of Russia and Ukraine, many are being hit and this is where the government should step on and do something to delay inflation. inflation occurs every year and is getting worse, especially with the current war, where many European countries are having trouble getting oil so this will affect product prices from European countries, besides fiat currencies are experiencing continuous inflation, therefore to break it we must invest so that the increase in our assets exceeds the existing inflation rate. and there seems to be no solution from the government to get rid of it |
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- you invest so that your money works for you. Even if you cannot drop your job, you can still live a bit better with extra income.
- Investing is sacrificing something today to get something tomorrow. This is just a definition. You save x today because you want 2x tomorrow or in year or whenever.
- The first step to invest is saving part of your income. No savings, no future.
- If you have credits unpaid (other than mortgages or other asset backed credits), you pay those first because they charge you a lot.
And from here we could start speaking on how are you going to save regularly, if it is going to be 10% of your income, or 5% or 50%, how are you going to learn about investing, etc...
Just to add on the list you provided, invest the money that you are willing to lose. If you see investing as a "chore" or as something that is obligatory, then chances are that you would most likely pull out your investments. Another thing, have a definite time schedule for your investments or at least have a goal on when you should withdraw and cash them out. Given that the nature of cryptocurrencies are inflationary, its price may skyrocket in the future. Given that this may be the case, it is important to know when you would sell your cryptocurrencies. A lot of people have been HODLing either for short or long-term gains and this would definitely help them in diversifying and allocating their expenses more. therefore if we set aside income for investing in cryptocurrencies that have high fluctuations, we must be able to choose safe coins, so as to reduce the risks that will occur. By setting aside income every month, it will certainly be easier to hold until you get the results we want. many people invest but in their hearts it seems difficult to see fluctuations until panic sells occur, so we can take this as a lesson |
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even though it's in a bearish season, that doesn't mean it makes investors take a day off to carry out activities. many of them are aiming for new projects with good quality, unfortunately I don't have the talent to identify them well. So don't be surprised if there are some coins that actually experience pumping during this bearish season. this is precisely what makes the crypto market will remain excited, considering we are still seeing market movements as desired by many people
Finding new projects with a good quality and usable use case in the future is difficult and I can attest it on my own personal experience. I mean, I am having a hard time to identify which project is good for investment because sometimes earning a profit from a new projects lies on the hype of the project and this is where the total kind of risks comes. That's why whenever there is someone who asks me about crypto and ask for my advice which project they should invest I always said to them to go in the top crypto and they will not go wrong, and not be deceive by the hype of the new projects. You are absolutely right that it is very difficult for us to find new projects that will provide big profits. Often I also choose the wrong new projects, fortunately every time I invest in a new project I only use a small capital, so if it's a loss for me it's not so painful. Especially in a bear market situation like now, it's even more difficult in my opinion to find a really good new project. Indeed, the best choice for investment is top crypto, because it is safer for investment. How deep the top crypto prices fall usually will always recover again, so I as an investor are not so worried if the price drops. Especially for newbies who want to invest in crypto, they are recommended to invest in top crypto, rather than having to look for a new project with a much higher risk. We should also not be influenced by the amount of profit generated from hype new projects, because the risk is very big if we make the wrong decision. The bear market seems to always be side by side with the bull market, the two of them take turns to form a market, and sometimes the market is tired of moving so that it forms an area of consolidation. actually it is not difficult to invest in cryptocurrencies, we can choose the top coins without in-depth analysis, unfortunately many people want to get big profits immediately so they are looking for new projects, without realizing this is a high risk, therefore using a little funds would be better, at least to unleash the monster inside us |
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