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781  Other / Beginners & Help / Re: What is your profit taking strategy? on: February 22, 2023, 03:03:21 PM
I have only been in crypto 14 months and it is only in the last 3 or 4 weeks with Bitcoin pumping that I have seen some profits.

I took out my initial investment in two of the altcoins I hold once they 2x so now have free money in them that I am hoping will see some good returns in the next bull run.

It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early?

Just wondering what everyone else does when it comes to taking profits?

I have made many mistakes myself by not taking out the profits while it lasted.
Trusting a project deeply is one thing and taking out the profits on regular basis is another thing.
I think other than bitcoin and ethereum all other projects are those where we should take out the profits on regular basis.
For bitcoin and ethereum it can be a good thing to hold for long term.

If investing with altcoins, it might be better if you immediately take profit when the price of the altcoin experiences a price spike that exceeds the price at the time of purchase, it is not recommended to hold altcoins for a long time, especially if the coin is not popular in the market because altcoins are usually the ones that less attractive will not have a better value in the future and the price is also easily manipulated so my advice to take advantage of it when the price is rising is the right thing to do but it is different with bitcoin because so far it has proven to be able to provide more profit by holding it.
Except Bitcoin and Ethereum, investing in altcoins should take profits regularly. In the last bearish market i got good returns in some altcoins but I didn't take profit and therefore i faced big losses in all those coins. Some of altcoins are dead. So learning from that mistake, now i try to hold Bitcoin and Ethereum for long-term. The rest of the altcoins will be sold regularly as soon as i get profit. The crypto market is having a good time right now so I'm not worried about my altcoins. I will try to withdraw my return in due course. But what an investor should do that depends on himself.

It will be a mistake you will never forget. Had a lot of profit from altcoins but didn't take those profits, so the market was bearish and all was lost. If you have to hold on and believe in the altcoin, then you have to hold it until a return will occur without having to cut losses which of course will cut your losses and lose some of your money. some altcoins that are dead and abandoned are of course hopeless, you only need to focus on altcoins that are still being built by developers and of course you hold bitcoin and ethereum as the main coins.
The profit taking strategy is actually very simple, get it and then sell it, but in practice it won't be as easy as saying words.
782  Other / Beginners & Help / Re: Everyone Eventually Buys at the Price they Deserve on: February 21, 2023, 06:02:39 PM

Some are IT professionals, some are business owners, some are investment bankers, and some are government employees. I offered them the best strategy to get in easily without any stress: the dollar cost averaging strategy.

It seems that money is not a problem for any of them, and it seems that they do not even need to invest in something like Bitcoin - because much more interest in Bitcoin is shown by those who belong to the middle or lower class. In addition, bankers and government officials are mostly against the idea represented by Bitcoin.

in fact it is. Those who belong to the middle or lower class are more interested in starting their investment in crypto, and not without reason, they start investing because to get more returns by buying bitcoins at the lowest price. But for those who have middle and upper class steady jobs usually tend not to care because their own work is enough to produce, and some do get into crypto for long term investment, but some don't make any investment. Like government officials who oppose the decentralized system and even become crypto haters.


~
Well do what you gotta do OP. Who knows if 24k becomes 64k again just like the good old times? As long as it is okay to lose the amount anyway, no amount of money would be felt "wasted" or "down in the drain".
$24k to $64 is very likely, it will touch the last ATH, maybe even more when the market is already bullish and the timing is right. just focus on the main goal, do it for the long term. It will give you greater profits when you are patient and wait for the right moment.
783  Economy / Gambling discussion / Re: Why Do Gamblers Do This? on: February 21, 2023, 05:37:04 PM
they forget the main purpose why they gamble. If gambling is only for entertainment then no one will become an addict, if gambling is used for profit, then he will stop when he gets a lot of profit. But they forget how to stop at the right time, keep pushing to play and hope to keep winning. this will backfire and cause a lot of losses, so you want to keep going and keep playing until there's nothing left. A series of losses that occur doesn't even deter them, and they keep looking for money to be able to play, this is not good and they will become heavy addicts. There needs to be control and a reminder that profit will not be obtained when greed continues.
784  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: February 21, 2023, 04:31:11 PM
I do agree with it. Potter must be sacked. Potter recently claimed that the main problem was not him but the players itself. It can't even be accepted. Potter has also become the worst coach in the history of premier league. This can't even be accepted. Potter didn't have mentality to coaching chelsea. I vote for zidane, enrique or mourinho to be a new coach for chelsea but not for potter
To go or not to go? Chelsea risks relegation with their consistent poor performance week after week if Potter stays. Alot of fans have said things like "he is not ready for the job," "Chelsea needs a top manager that can salvage the situation," "he is a mid-table manager,". The fans are so impatient, and I understand.
However, they should remember that Arsenal's Arteta faced the same situation at the beginning of his management in Arsenal but look at him now and the team he has built up.

Whoever the manager who handles Chelsea, will not necessarily bring Chelsea to significant changes. what happened to Chelsea, the same as the situation with Liverpool. the difference is, Chelsea brought in a lot of newcomers. while Liverpool, only brought in Gakpo. but for sure, both of them are in their worst phases. there are many factors that become obstacles, apart from the many injured players. mentality and spirit of the players, is dropping. in essence, Klopp and Potter are both trying to get their teams back on track. but it's not easy, there's a process they have to go through, trying to rebuild the bond and chemistry between the players, plus, the coach. everyone involved must work together, not just put all the blame on the coach.

Nevertheless, I believe. if Potter is not able to bring change to the end of this season. then his career with Chelsea, will end.

There were many considerations when Chelsea wanted to fire Graham Potter as coach, because Chelsea's owner Todd Boehly was quite satisfied with Potter's performance off the field, Potter made your team's training a pretty good analysis. He also has a calm personality and rarely expresses emotion on the field. And when he is off the field he dares to express his complaints in front of the players, he does this so that the players can correct their game.
Another reason why Chelsea didn't want to fire Potter was related to team building. If Potter is fired then team building will stop, rather than looking for a new coach which of course takes time and adaptation, it is better to retain Graham Potter.

Since being handled by Potter, Chelsea has played in 27 matches in all competitions. However, they only managed to win 9 wins under the British manager. The rest, Chelsea had to settle for 7 draws and 9 defeats. In fact, the most recent was a 0-1 defeat to bottom team Southampton in the Premier League.

Chelsea's declining performance has knocked them out of the FA Cup and English League Cup and is stranded in 10th place in the Premier League standings. In the Champions League, Mason Mount and his colleagues also suffered a 0-1 defeat to Borussia Dortmund in the first leg of the round of 16.
785  Other / Beginners & Help / Re: What is your profit taking strategy? on: February 21, 2023, 06:44:33 AM
My strategy is similar to the one outlined in the thread. Mainly accumulate, especially when the price is low as it is now, although I do not resist from time to time to make some transactions, but spend more in the next bull market, although for the next bull market I hope to continue accumulating despite increasing the level of spending. I still don't think I have reached an amount of bitcoin that will allow me to stop worrying without accumulating more.

You could say the stacking strategy as you mean is the DCA strategy that is usually applied to those who want to hold for the long term. Continue to make purchases so that later you will meet the buying average, and sell at the upper price target, that will give you a bigger profit. But the capital needed is also more, because every time the price drops you will continue to buy it. if you have not reached the number of bitcoins that you specified, then continue to buy would be better. this will be good for the long term.
786  Bitcoin / Bitcoin Discussion / Re: The bolt driver experience: promoting bitcoin in my business on: February 21, 2023, 03:48:12 AM

I like this idea. BUT I would offer 3 coin choice.

BTC
LTC
DOGE


They are the top three coins for mining which I favor over POS coins.
You could engage in mining conversations about the coins if they ask why just those coins.

It is a more rounded point of payment than just BTC




It will be a good option so there will be no more questions about why only bitcoin is chosen for crypto payments.
DOGE is also Papa Elon's favorite coin which continues to be showcased on his Twitter and just like Bitcoin which still uses the POW network so it is truly decentralized.

787  Economy / Speculation / Re: Can Bitcoin be trusted? on: February 20, 2023, 11:20:12 PM
In fact, bitcoin used to be underestimated like other altcoins. How did bitcoin get so famous now?  because every year bitcoin has increased in price until in 2017 it experienced a drastic price increase so that it became in the public spotlight even though now it has always decreased but its prestige remains at the top.  But many people trust their investment in bitcoin because they believe there will definitely be a high price spike again, plus bitcoin is now a limited number so people flock to it so that when it experiences an increase it can be more profitable.

The end of 2017 became a year where bitcoin experienced a very extraordinary increase, reaching a new ATH at $ 19k which then made bitcoin known to the world and always entered trending economic topics throughout the world. it became a point where bitcoin got a stronger community and more and more went into bitcoin. With a limited number of bitcoins and only available with a supply of 21 million, this will be of added value, that bitcoin will become increasingly rare when all bitcoins are successfully mined. Bitcoin can be trusted because bitcoin is still the king of all altcoins and there is a lot of support for bitcoin. But high volatility makes the price fluctuate and is risky, but if you assume that bitcoin will die or be worthless, that won't happen. Bitcoin is still a strong underpinning of cryptocurrencies.
788  Economy / Trading Discussion / Re: The 4 trading fears and how to overcome them on: February 20, 2023, 10:36:08 PM
Not only just fear but greed could do the same to you. You(OP) have pointed out the important facts and ways to deal with it, but when it comes to reality, most people don't think it through. They just let their fear take over their judgements. Emotion control is the first step and without this there's no point learning all the advance knowledge if you are going to make mistake anyway. I have found this article very helpful and hope others will feel the same way. And the newbies should learn from this too.
If you do make yourself that wont be able to control between fear and greed then you would really be putting yourself into big problem.We are just humans though which emotions could really play out into yourself which

could cause up mistakes.Overcoming would really be depending on your awareness that you do gain from real experience.Sooner or later you would really be able to realize on how to deal with the market.

Those first impressions you do have on seeing it to be simple would really changed up on the time you do experience losses.You would really be realizing these things for sure.

Greed is a problem for everyone, every human being is equipped with greed at different levels. But if they realize that greed is not good for them when trading, then they will start learning how to manage to be less disruptive in trading. Fear in trading sometimes makes someone too careless to cause some mistakes.
Fear can trigger defensive behavior, which can cause someone to sell a trade when the price drops too far. This can result in unnecessary losses, especially if the asset recovers quickly back to its previous price level. Then, greed can trigger aggressive behavior, which can lead to someone buying an asset at a very high price and then selling it at a loss when the price drops.
789  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: February 20, 2023, 04:30:57 PM
Living without depending on someone financially is very difficult, so it's a great achievement when someone can do that. From the experience of people who have been in this space for a long time, I have heard a lot that they can be more independent with this cryptocurrency space, that is a sign that indeed when we are serious about doing something then something we hope for will come true. I am very happy when I hear that someone has been able to live a financially independent life because of cryptocurrencies.

I live in a country where cryptocurrencies are neither legal nor banned. It can be said that after the 2017 bull run produced a lot of billionaires only 20-30 years old, which is a crazy thing that many people do not believe. In 2021, my country's crypto participation rate was ranked as the top country with the most crypto participants. It can be said that cryptocurrencies can bring us financial independence but we need patience and a little luck.
Regarding luck, I am someone who believes that luck will be obtained when one tries hard. I mean there will be no luck that comes when we just sit around doing nothing. So in this case it is their effort to invest in cryptocurrency, their business is a form of learning or sacrifice. Because when we invest in anything it is a sacrifice of what we have. Not infrequently people will think twice about investing because they have the money that they have will turn around quickly (profitably) when doing other things.

luck will also be obtained for those who dare to take risks. Crypto investment has a greater risk compared to other investments. But really to note, the investment made must use money that is not used for other needs.
those who are still hesitant to enter into crypto investment will certainly not have the opportunity to get bigger profits. It's risky, but you need to learn so you can minimize the risks that will occur.
790  Bitcoin / Bitcoin Discussion / Re: The bolt driver experience: promoting bitcoin in my business on: February 20, 2023, 02:47:57 PM
That is a pretty good effort to start promoting bitcoin in the business that you do. It's quite interesting to see the sticker about accepting bitcoin payments. If your country doesn't ban bitcoin, that's an excellent opportunity to continue using it. You need to add a sticker on the inside of the car dashboard to make it clearer that you accept bitcoin payments. You also need to provide a brief tutorial on bitcoin payments using a barcode so that transactions can be carried out quickly.
You need to learn how to accept bitcoin payments more efficiently and faster. If your goal is to hold bitcoin then use your special wallet. But if you need a gateway and accept fiat then you need to find a third-party platform that can convert bitcoin to fiat.
Not only about accepting payments using bitcoin, but you also need to provide education to every passenger who doesn't understand what bitcoin is and how to use it. If you do that, then your goal to introduce bitcoin will be successful.
791  Economy / Gambling discussion / Re: Give it a break. on: February 20, 2023, 01:00:33 PM
the success or failure of this strategy depends on how well you manage your rest. If you continue to lose when you start gambling, you need to think of another strategy. But at least you have to manage your finances for gambling, so that too much money doesn't go into gambling.
Take a little rest and pause your gambling activities, this will give your brain space not to depend too much on gambling.
Do you gamble for profit or just for entertainment?
If to get profit, you have done the right way, reduce losses by stopping for a moment, giving room for your common sense.
792  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: February 19, 2023, 10:46:05 PM
A really good result for roma today, this win was an important one since it allowed them to move back to the third position, the game was really tough since verona team recently has improved and they are trying to escape the relegation zone so even this thin win is a positive for roma team in my opinion, now the most important thing are the points not the performance.

Even though Roma only won 1-0 from Verona, Rome's game was also quite good.
Roma opened a 1-0 advantage in the 45th minute. thanks to a good combination in front of the Verona penalty box which was able to be scored by Ola Solbakken. The score lasted until halftime.
The results of the match against Verona made Roma rise to third place in the Italian League standings with 44 points. Verona is in the relegation zone or 18th position with 17 points. now Napoli still leads in the first standings with 62 points and Inter is in second place with 47 points. The point gap with Napoli is quite far because Napoli is still unbeaten.

Line Up:

AS Roma: Rui Patrício, Karsdorp, Mancini, Smalling, Ibañez, Spinazzola, Bove, Cristante, El Shaarawy, Solbakken, Abraham.

Hellas Verona: Montiò; Depaoli, Magnani, Hien, Dawidowicz, Doig; Tamèze, Duda, Lazovic, Ngonge, Gaich.
793  Economy / Trading Discussion / Re: Anonymity vs. KYC: The Pros and Cons of Cryptocurrency Exchanges on: February 19, 2023, 10:28:03 PM
Centralized exchange with mandatory and complete KYC, will be more dangerous. All your data will be owned by them so you no longer have privacy.
There are also exchanges that only apply KYC when making a certain amount of withdrawal so that without KYC it can still be used.
The pros and cons of implementing KYC will always be a concern. Those who are not concerned about privacy will do it, but those who are concerned about their privacy will not do the KYC. using Dex exchange would be better than doing p2p without needing to confirm KYC.
794  Other / Beginners & Help / Re: Don't have high expectations in the crypto world. on: February 19, 2023, 07:35:43 PM
high hopes after going through an in-depth analysis process then it will be very good. However, high expectations without first being equipped with qualified analysis and knowledge will indeed not be good. But to be honest I also have very high hopes in crypto. but especially in bitcoin. But even though I have quite high expectations, that doesn't mean I have to spend more money. but I still control myself by only using the money that is ready to be risked in this high-risk investment. because I realize that crypto volatility is very high, different from stocks and property. But to go to a more advanced step sometimes we have to dare to take risks. but of course with caution.

Taking risks must also be done in a smart way. do not be too careless with the investment that will do. Many of them failed because they were too brave to take risks and had high hopes without being equipped with sufficient knowledge. They only hope that without having management, put in enough money without research first. Volatility can be very dangerous if you don't know what to do.
High expectations must also be balanced with sufficient knowledge, as well as carrying out capital management and risk management, it will help us to achieve these expectations.
795  Other / Beginners & Help / Re: Some Common Mistakes Made by New Crypto Investors on: February 19, 2023, 06:48:15 PM
Mistakes due to a lack of basic knowledge are the cause of all the mistakes mentioned. When beginners only know about crypto but do not understand what basic crypto knowledge actually is, they will only assume crypto does not have a big risk and only capitalize on their instincts can get a lot of profit. But that is the beginning of all the losses that will be experienced.

People store passwords or phrases carelessly and carelessly because they don't know how to keep phrases properly to prevent them from being stolen by others.
Ignoring fees without any research will give a large fee when making transactions.
About wallet security needs basic knowledge of how to avoid malware etc. to avoid being hacked and deceived because there is no research on the new project to be followed. It all depends on how much knowledge you have about crypto and others. Learning from scratch and understanding basic knowledge will be very influential for a beginner's journey in crypto. I have even experienced all these mistakes.
796  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: February 19, 2023, 05:46:14 PM
union berlin is too stupid . because they can overtake the bayern today and play 0-0 against schalke 04 . draw against the last . no one has tipped 0-0 .
all have counted on a victory of union berlin. yes yes ..so bayern munich will diueseses year again German champion .
the other teams want to be in reality but no German football champion . every year the same with the other teams .
i hope dortmund gets at least 3 points today and wins against hertha bsc berlin

Union Berlin apparently does not need a win in the Bundesliga simply. Maybe the team has other priorities like winning the european league or something else.
Otherwise it is difficult to explain why having a chance to overtake Bayern by beating the clear outsider Schalke 04, Union Berlin did not use this chance.

Borussia Dortmund already leads by 2 goals over Hertha and probably will bring the game to win and be able to catch up with Bayern on points, since Union Berlin did not succeed.

The draw kept Union Berlin stuck in third place with 43 points from 21 matches, losing on goal difference to Bayern Munich who top the standings. Meanwhile, Schalke is still at the bottom of the standings with 13 points from 21 matches.
Bayern Munich still occupies the first place in the standings, but do not rule out the possibility that if Borussia Dortmund continues to add goals it will make it the newest standings leader.

But Hertha seemed to be able to score 1 goal through assisted by Serdar and then executed by Lucas Tousart in the 46th minute. The score was 2-1 with Dortmund still ahead.

797  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Best network to transfer USDT from Coinbase to Bitget on: February 18, 2023, 11:51:48 PM

I trade in DeFi ecosystems, I use Uniswap, 1 inch, and with a transaction amount of 3-5 thousand dollars, a commission of 30 or 50 dollars does not matter to me. It is unprofitable to trade with smaller amounts there, because it is a lot to pay 30 dollars of commission from $1,000. If someone asks about the minimum commission, then this is a small amount. If I were transferring $10,000, I would pay $15 commission and not waste time looking to save $5-10.

So that's what I mean, sometimes someone chooses the cheapest exchange fees so he forgets that the transactions made are quite large with a total of thousands of dollars. Choosing too many exchanges or DeFi Ecosystems which is cheaper will be a waste of time, especially if it has been converted to altcoins, price fluctuations will be more risky because they will lose value quickly.
In the DeFi Ecosystem, the gas fee will be affected by how dense the ethereum network is due to an increase in requests for more transactions, such as the increase in transactions caused by the $BLUR airdrop a few days ago, the increase in gas fees is very high. So, don't think too hard about getting a fee under $ 1 when transactions are made for thousands of dollars, $ 15-$ 30 is still very reasonable.
798  Other / Beginners & Help / Re: How do you manage risk in crypto currency on: February 18, 2023, 06:22:15 AM
it seems everyone has explained at length about how to manage risk in cryptocurrencies, but the OP didn't appear after a lot of comments. does the OP still need more comments and better suggestions?
and you can be sure, to manage risk for each trader will be different, because the needs and abilities of each trader are different. this would be a more complex solution answer. Your OP should do some research first and decide which management strategy you are going to use.
799  Bitcoin / Bitcoin Discussion / Re: What would happen in a deflationary hoarding scenario? on: February 17, 2023, 10:43:50 PM
Every human mind will not be the same. people who want to HOLD, of course, already believe that the price of bitcoin will continue to rise, but what about people who hold bitcoin but are panicked by the rapid fluctuations of bitcoin. Everyone will not hold and the market will certainly continue to move. even though 90% of bitcoin owners hold their bitcoins, another 10% will move on and bitcoins will get more expensive. EVERYONE won't really hold it back, trust me.
800  Bitcoin / Bitcoin Discussion / Re: Do you think Satoshi every created some sort of back door to alter BTC? on: February 17, 2023, 10:21:12 PM

So, leaving a backdoor for 13 years in an open-source code wouldn't have been the brightest idea, not to mention the blowback when that would have been discovered.
Imagine this would have happened in the first month, everyone would have just dropped the project and never touched it again.


Bitcoin will be a trash project when it does with 1 hole satoshi inserted as a secret entrance.
But in fact that didn't happen, with many contributors starting to develop bitcoin with open source code making bitcoin very well developed which was created by satoshi and managed by the community and used by the wider community.

Bitcoin is decentralized, no one controls it even the creators of bitcoin.
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