What do we think could be the cause for a trader that has been experiencing a win and lose repetitive occurrences in his trades.
Because not all predictions and market analysis will always be in accordance with actual real conditions 100%. There will definitely be a miss at a certain moment. And even though for example someone has implemented hedging or whatever the plan B is, sometimes it doesn't go well. And actually, loss in trading, especially for day traders, is a common thing to experience. However, they can cover these losses from profits in other trading positions. Usually a trader does not only do 1 position in one day, so he can anticipate all risks of loss. As long as the amount of profit you get is always higher than the loss every day, then this is still profitable. a trader must have experienced an unfortunate incident where the analysis was repeatedly wrong, but they can control their emotions, so they are not greedy and prefer to calm down and look for the next opportunity, many of them say that opportunities will come again and again, so there is no need worry about missing the moment, because we think that trading is not just for one time, but for the next, so we must be able to serve the will of the market |
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it's a good thing that you have done, where at least you can consistently earn profits every day, even though you think it's small, but not many people can survive, at least secure their capital. but if you look at the percentage, I take the smallest $ 1 per day, then in a month I get $ 25, if it is a percentage of capital then the profit per month is 5%, I think that is a good step, and your strategy is also safe, and if you get a nominal higher in a month, maybe the compound method can be applied
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you yourself said you had already held your BTC till when the price actually got to 69k and didn't sell during that time so it would be odd to sell now that the price is 30k don't you think?
Exactly what I also think, it's really a big cheating to oneself that the person had an opportunity to sell Bitcoin at $60k+ and yet never sold, but now wants to sell at about 57% loss from the initial $69k that he was supposed to sell. Perhaps this is even not the right time to sell, considering that next year Bitcoin will be halving and the bull market might really be closer than we even think. In my Opinion, I would say that the OP should just hold his coin and patiently wait till the bull market comes. psychological strength is needed to test the truth until the halving event occurs, until finally you find what you are targeting. indeed if we sell it in the current situation it doesn't feel wise considering the price has fallen by more than half, especially today we see the bitcoin price has fallen again at $ 26k, of course the ability to hold it until the bullish season arrives needs to be trained, it would be even better if we bought it again while the price is still in a bearish situation |
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What are your own thoughts on wrong ways you think people follow in bitcoin accumulation.
These investors needs to educate themselves to know if they're doing it the right way. One of the usual mistake is investing the money that they can't live without due to high expectation, and because of greed. This is the advantage if you're an old investor, aware how the market works and used to seeing the market in bearish season so it doesn't create panic. Those who think they missed the chance (comparing the previous price to the current) because the value is already expensive didn't realize that it's not really late if your goal is to hold for long period (even for short term, as long as you know how to timing the market). the things that are their biggest enemy are themselves, where greed, fear, which is a psychological pressure that must be regulated in such a way so that we can control it, we must correct the wrong mindset, considering that currently many consider the price to be expensive so they do not dare to buy it , even though if we know the characteristics of the market then we will be able to understand that opportunities will always come and we don't need to worry about them, therefore we need knowledge |
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we see together that indeed bitcoin has a small crash, and of course this is an opportunity to buy it, but we don't know what will happen in the future, therefore in buying it don't use all the capital we have, so set it aside to buy it back if it happens the dips back and we can buy again at a lower price, thereby increasing the chances of making a bigger profit. things that happen are usually we will buy by waiting for another decline, but if not, instead we buy above the current price
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actually not always the best investment choice in my opinion, but depending on the situation and condition of that person. for me it is indeed the best investment considering I can buy it in stages, but if I have a lot of money of course the investment position will reverse, where I prefer real estate to invest, and a smaller portion invest in bitcoin, considering I need to think about a friendlier investment against risk to protect my assets, and this is mostly among the rich who do not choose bitcoin as the main investment tool
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Let 99bitcoin continue to compile the records of those who hate bitcoin and harbor incorrect beliefs. I am aware that more people will continue to hold negative ideas about bitcoin, even while bitcoin tends to disprove the preexisting hater's misconceptions.
The only thing I find amusing about all these individuals who are against bitcoin is that they are powerless to do anything but hate. Bitcoin is here to stay and it isn't going away.
It would really be like a forever compilation as long Bitcoin does exist because we know that we cant really please anyone on what they should really gonna do on which it would really be just that normal that if they do hate then they would continuously hating it like forever. There's always something that they would say on which it is really just that normal that you would really make out such reactions. Yes, Bitcoin died a lot of time but its not literally that it is really that been replaced by something on which it is does indicate that it is really always been superior in overall market. Just let them be on telling on the things that they do want to tell on which it would really be just that still keeps on existing and been supported mainly by the community. Numbers would really be rising in terms of death count considering that fuds and other negative sentiments wont really be stopping in terms of news and fundamentals around. how can they predict the exact time of bitcoin's demise, which as a bitcoiner I may not fully believe and assume this is just a fud to be taken advantage of by those who expect it. that way they will get personal profit in the future by providing fomo news to the community again. indeed at this time it is increasingly difficult to control bitcoin due to its widespread adoption, and of course the psychology that is toyed with in the hope of following what they are planning |
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If Bitcoin is centralized, will other cryptocurrencys survive ?.
Yeah, Bitcoin is the top-ranked coin in the crypto market because it has the highest trading volume and is listed on every exchange. Bitcoin holds the market, and it's the reason why some people are even Investing in crypto, so if perhaps Bitcoin becomes centralised and the price is affected negatively, it's going to bring down every other cryptocurrency. Although they will survive if Bitcoin lives on, but a lot of Altcoins are going to become shitcoins instantly, and investors would suffer a great loss. basically bitcoin carries a decentralized system which is considered more effective than the current system which is centralized, if bitcoin follows a centralized system, I can't imagine, of course there will be negative sentiment on bitcoin which ultimately leads to investor confidence that supports the decentralized system, until finally the price of bitcoin falls and this has an impact on altcoins which will also follow the collapse of bitcoin |
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It has always been the "emotion" that has wrecked even the best of traders. Fear of loosing much and the greed of not wanting to take profit when supposed. Many traders have very perfect speculation of what the market is and the possible outcome but they prefer to violate their own rules by compromising when they see perfection has been achieved.
I believe that those you called best of traders have better knowledge on how to handle such thing as emotion. They know that the emotion is what takes them out of control and so they have to properly guide against it and a sure way to bring emotion down is to trade with low risk especially when the market is volatile. Another way is to understand the times of the market when it is ranging and highly volatile because of huge buy or sell. These times are such that a better trader is careful not to allow the emotion to have a better part of them. Emotions are the biggest obstacle to becoming a successful trader. and emotions can be controlled with us through a lot of training so that we gain experience, with pressure and over time we will be able to understand ourselves. from analysis and money management, sometimes we know things that should not be done, but because of a high emotional side, for example greed, we actually do actions that should be prohibited |
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Which is better to invest in copy trading or bot
And is there any other alternatives
I have 4k btc to invest
If you ask me, its better to invest in yourself. Copy trading and bots are just temporary means to survive in trading, if you rely them for good, aside that you will not grow as a trader, your money will also be put at a high risk. If there is a good alternative for that, then just focus on self-trading. Know that trading is a battle of minds and emotions, so that will be a great challenge for you to be a successful trader in the making. I agree with that as we can't just rely on this strategy forever but for starters, this would help them to know about trading. I consider them as a stepping stone to growing our knowledge and skills, and our experience would be used to be getting along and continue our trading journey with them. I'd see no success from this but believing in ourselves make it possible. In fact, many pro traders haven't done this, maybe it never exists before but for sure, they are confident when doing it by themselves rather than using bots. very interesting, investing in yourself is better than both. with us being able to trade with our personal abilities then that is the highest investment, and of course using bots can help our trading but after we have mastered the science of manual trading, even though using bots, of course we control it ourselves, and aim only to be helpful, because we are of course know the characteristics of the bot and know when it can be used to assist trading, because not all conditions are suitable for using bots, don't let us completely rely on bots to trade |
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There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.
Actually its hard for someone to follow their plan especially when they enjoy their trades or they want to get more profits since for sure they will do a risky trades with that. But I think if you are a newbie its good that you experience those scenarios since you can experience the negative sides of the action you do and once you realize that mistake cost you some money then for sure you will never commit those again then you will be more careful on your trades decision and selections. It should be noted that the highest science that is most difficult to master is ourselves, our own emotions, remembering that sometimes we understand, for example, we shouldn't be greedy, and in the end we repeatedly make the same mistakes, trivial things but difficult to implement, and of course we itself is the cure for the disease. on the other hand trading is not just for us to trade and make a profit, but we can synergize with the market so that it becomes a law of reciprocity for our profits |
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Investment targets are of course still very broad and complex when discussed, basically each individual has their own personal targets. The investment objective will of course lead to seeking the greatest possible profit, in terms of the form of investment I myself have the view that real estate and gold can be a safe opportunity. I think apart from being able to keep the value of money from decreasing in the event of inflation, the opportunities are still great and the sources of funds that I have are still limited.
So there's no harm for me to try, but of course this is just my personal view. Everyone returns to their dreams, wisdom is needed before making decisions.
Every investment has its own level of risk and it does not mean that when we invest we do not have any risk by thinking it will be very safe because the fact is that everything has its own risks. But of course with that risk we become aware that all forms that we do must certainly be based on more understanding so that we are not wrong in approaching the investments we make. Experimenting is definitely not the right thing if it is not based on seriousness, especially when talking about finance, it is not something that can be tried without thinking about the risks so that in this case you can indeed try but of course it must be done with seriousness and learning done so that the results of the experiments carried out are maximised. Eliminating risk may be difficult, but reducing the level of risk is an option for safer investing, but all of that requires knowledge so we can do it well. or there are also speculators who dare to take big risks to get even bigger returns, but they are aware up front that the method they are taking increases the level of risk, but the rewards they get can also be satisfying. careful calculation is needed for that because not everyone can do it with a logical analysis, because most people like that usually do it out of lust |
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-snip-
But about financial freedom is not about this. But about financial stability in the long term without worrying about lack of money to meet all needs. Concerning centralized and uncentred actually everything remains the same as before.
Well, that is the point I tried to convey on the first page. I think people adapted to a centralized financial system a long time ago and in fact many people achieved their financial freedom before decentralized solutions came to the forefront of the online industry. If we pay attention, indeed these two systems are increasingly being compared for and against, and can be used as an excuse for someone's failure while there are more factors causing it, one only needs to do a deeper evaluation than just looking at one side. every system development, of course, has positives and negatives from that system, sometimes people are more comfortable using the conventional method because it has been done for a long time, and when a new system emerges, they are reluctant to leave their comfort zone when replaced with the new system, so many of them oppose and look for weaknesses in a system, even though if used properly it will be able to help the development of the business they are running |
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So my question is: is this market still profitable for new projects?
Yes, there are many investors still making profits from new projects in the market because their teams are doing positive things in the market that will make their investors to feel that the projects will go a long way to Favou those that will invest in it in this season. Now that the price of Bitcoin is preparing to increase higher in the market, show that many coins price will definitely increase higher too to allow their investors to release their coins for sale and to prepare for another bearish market that will take over after the bullish market. I will advice you, to try and invest in a potential new projects in this season because there is a favour ahead to such people that will take the risk in this season to smile tomorrow when the market price increase higher to look good to the eyes of the investors. if it's not profitable, why are there still so many new projects popping up to this day? Even though some of them are scams, there are still projects that have good potential in the future, so new projects are still feasible. however, to analyze the new project requires good skills, otherwise it will be a big risk to invest in a new project. there are a number of new projects that are currently being discussed, such as sui, arkham, and that is the hope for crypto development, especially in a bearish season like now, when the bullish season comes, there will be great potential to join in |
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If we want to make a business then the best thing is in agriculture, the price of agricultural materials which continues to increase is a good opportunity that the future of agricultural products will always increase, moreover more and more agricultural land is lost or changing its function so that opportunities and competition in agriculture are very promising .
It's true, the agricultural sector is always needed to support human life in terms of food, especially now that agricultural land is getting narrower along with the need for housing. and of course the need for human food cannot be avoided, therefore the defense sector is increasingly important, and must increase in terms of quality and quantity, in line with the increasingly advanced human mindset in terms of hygiene and the increasing number of people |
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They say life is not a bed of roses, nor is it a bed of serrated objects; rather, life is a mixture of both good times and challenging times. Just that some people were born with a golden spoon, and also that some people are in a country where everything is made available and possible for them through the government. Basically, some people also get favoured through their journey in every aspect of their lives. Like you mentioned in terms of merit, some members can get favour from a merit source and receive it more quickly than others. The same applies to business; one can just go into business and, for the first year, make more profit than some people who have been in the same business for years. Some people too can just go into crypto for the first time, and they are already lucky with the few Altcoins they choose. In the case of others, it's usually the opposite because they don't get such favour, but the fact is that one should keep moving forward with positive thoughts in their mind.
Yes, there will always be a few lucky ones who can get somewhere better than everyone else, but it is more important for us to find some kind of algorithm that could be accessible and understandable to everyone and could also bring good results for everyone. I'm not sure that even bitcoin can be such a tool, because as it turns out, not everyone can buy it at the right time and sell it in a bull market. besides luck, those who have knowledge will certainly be able to plan success in investing. and on the other hand, of course there are people who suffer from their negligence, even though actually investing in bitcoin is still wide open for profit, because from time to time the development of bitcoin in terms of adoption is always growing, and many investors are starting to look at bitcoin as an asset with satisfying returns. |
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Absolutely!!!
Bitcoin is one of the best assets one can have in this century. Instead of depending on fiat currency and fixed deposits, why not have Bitcoin, have gold, have a business, and many other assets available.
All these can give high returns in the long run.
Bitcoin is indeed the best among other assets in it class, and for one significant fact fhat Bitcoin have an edge against inflation makes Bitcoin the best possible asset for long term goal such as retirement, and also for the fact that having your retirement funds in Bitcoin keep your asset away from over taxation also contribute to the many success that comes with Bitcoin as retirement savings. Since retirement has to come with long-term goals, it makes Bitcoin more suitable for that demand since Bitcoin's value and profitability are reflected in the long-term base. This is a proven fact, bitcoin is against inflation. Bitcoin investment needs to be considered long term, not everyone have got the patience and it is the only investment that assure large margin based the time of holding. The inflation around the world have affected the lifestyle of people, particularly the people in retirement. They've got scheduled spending and those are unavailable. Due to inflation this is now a question. In such situation bitcoin on retirement fund will surely help in better living support. lucky that now we know bitcoin, especially in a bearish season like today, of course it's a good price to invest, so that later when mass adoption grows, of course this will make the value of bitcoin go up, especially like I'm a private employee, where there is no retirement from the company, even whenever you can get out of work, with bitcoin and there is still a lack of bitcoiners in the world, it is a great opportunity to join in |
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I think these small rallies are actually luring more investors by indicating that the bull run is about the start. But, I think the market is still in the correction phase and we might see another drop from this level in the coming months. Many are predicating a dump below $20k in October or November this year. In my opinion, the price will turn bullish after the halving, next year.
i would definitely not agree that these small pump being considered as an indicators for the next bull run after all maybe the market is just going through sideways and thats it, no real sign of bullrun thats about to come. despite of that though, there has been many altcoins that has increase massively starting with arbitrum until the latest is arkham, i just think that maybe this time around the bullrun will be a little bit different but of course thats just my wild guess without any proper reasoning. regardless though the prediction about bitcoin dumping below $20k i don't think will ever gets realised, far too low for bitcoin honestly that i'm sure enough everyone would be bagging bitcoin and the price will recover in no time. but sometimes the market scenario is not what we imagine, but I am sure to hold bitcoin in the long term, no one knows when the bullrun will come, but everyone believes in certainty about certainty. for now I will only focus on bitcoin investment, and potential new altcoins even though it will promise many times I don't like it, except for participating only modestly, so if it doesn't match expectations, it's not a problem, because the level of risk is too high |
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If altcoins prices are falling, they fall more than bitcoin significantly. If altcoins prices are rising, it is also more than bitcoin price price. But altcoins can disappoint because some do not get to all-time-high. Some that you think will rise than bitcoin may not.
exactly right, because most altcoin follow the movement of Bitcoin, even though the increase in altcoin is usually higher than Bitcoin if there is a bull run, but not all altcoin will increase and when the price of Bitcoin falls (correction), then most altcoin prices will fall more than the price of Bitcoin, so if you want to be safe to invest in cryptocurrency, then I suggest you to invest in Bitcoin rather than altcoin (including XRP), but if you dare to take risks and want get a bigger profits, then you can invest in altcoin (including XRP). logically we invest want to grow our money but do not want to experience losses, or can suppress that risk. therefore bitcoin is indeed the main place to invest, and after that you can choose altcoins that can provide greater profits, but security is maintained, we don't only chase profits but also have to take into account risks, so we can think logically to avoid disaster, because in the crypto world there are high fluctuations, and anything can happen |
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So sad for your LUNA and i hope another investment such like ETH will help you recover in the future. My favourite from your portofolio is ADA and ETH, one of the best quote i ever read is from CZ "If you can't hold, you won't be rich."
I hope that OP has sold LUNA when there is a bad news about LUNA, so OP doesn't lose too much money, then I also agree that ADA and ETH are good choices for investment, therefore I'm sure OP will get a big profit from investing in ADA and ETH, because the price of ADA and ETH will definitely make a new ATH price during the next altseason. OP seems to be an active trader and watching the market from time to time so there is nothing big to lose because LUNA is now a almost dead coin and having this in our portfolio will surely brings a bad losses for its investors,sad they no one see this coming and now there are so many victims that still cries from their wrong investments. ADA and ETH may have good action but that is something we need to wait till the Bull Market happens hopefully early next year. what is clear is that ETH is the altcoin of choice of all time, but we also won't know in the future, considering that like LUNA, which was beyond expectations, many people disappointed its investors, if you remember the LUNA tragedy, many left sad stories. from that incident, it would be better to place the main investment in the top coins, and we can diversify altcoins to avoid events like LUNA, that way we will be safe in investing |
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