It takes time for an investment to generate 100%+ profit. In an investment, there is no such thing as instant. All require time, effort, and knowledge. It is more probable a scam if someone promises an immediate profit. In addition, there is no such thing as an instant return of 100% in trading. Like we must acquire trade, establish a trading plan, and wait for the appropriate amount of time for our trade to produce 100%. It is essentially impossible to imagine Bitcoin's price doubling in a single second at the current level.
Sometimes we have to apply reasoning to distinguish between legitimate investments and fraud and scams. For this, we don't need to study rocket science or conduct a thorough investigation. any time a deal seems too good to be true. It is definitely a hoax, not more likely.
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Engaging in trading while young and in need of income for expenses may not be a wise decision, as it could interfere with one's employment. If trading begins to affect one's job, it's recommended to stop trading and focus on finding better employment to meet financial needs. Once expenses can be met with income, one can consider diversifying investments by allocating some money towards trading, such as Bitcoin, during spare time or vacation. However, one should carefully weigh the risks involved before making such a decision.
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Portugal is a great place to buy a house with bitcoins because it accepts cryptocurrencies well, treats bitcoin as a form of payment and as a fully tax-exempt asset, came in first place in a survey of the best places to live last year for one of the sites, is a good place to buy real estate and live in it, and is working to become one of the most technologically advanced European nations.
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Flash drives without built-in security mechanisms are particularly vulnerable to hacking, data breaches, and limited lifespans that can quickly result in data damage or loss, which is the fundamental reason why conventional flash drives cannot contain bitcoins.
It is better to keep quiet about your wallet because there is no need for someone to come into your room to look for something unless you are the one who sparked their curiosity. I prefer writing the seeds down somewhere safe because I am a very private person and use my room alone.
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Since cryptocurrency trading has always been viewed as high risk, it is virtually impossible to consistently maintain profitability. I think everyone will concur with that. If, however, your goal is to decrease losses and maximize profits, you should increase your trading capital after each successful deal. But to do that requires a lot of skill and risk. Even experienced traders cannot ensure that investing more money would increase their returns. Because of this, many merchants are only able to trade with little sums.
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Since trading is a zero-sum game, any money you take out must have been contributed by someone else. Every price listed at the exchange is a quote from actual buyers and sellers of coins. Since there are hundreds of thousands of traders in the market, the profit we make from trading is therefore someone else's loss, though there isn't always a direct correlation. It's commendable that you were able to decide between liquidating positions at low prices and holding them until prices rose again. Until we trade the coins and realize them, all losses are only theoretical. To avoid being forced into closing positions at a loss, it's crucial to only use trading capital that we have available. Only a few months can separate making a profit or losing money.
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I will choose a few of my holdings, sell them, and take my profit at that $100k per BTC. As a member here pointed out, $100k might be the ATH for the moment, but it's not the limit for the rest of time. Therefore, in order for me to avoid falling completely behind, I will sell off a few of my holdings, keep some of it, and wait for some other higher mover, so that I can sell more again. There is nothing I really need those funds for right now other than using them to bag as much BTC as I can even if it takes for me to be buying and selling, so if it happens that the price will drop first before it eventually goes back to the top, that gap between when the price will drop and when it will go back up, that's another great opportunity for me to use my accumulated profit and bag more for myself.
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We will require more resources as a result of our never-ending study and discovery. It's not just about meeting our basic human requirements; it's also about testing to discover the most useful items, like automobiles, motors, and other devices, that could save us energy and be of assistance. Nevertheless, despite these advancements, we continue to consume more resources as our desire for advancement grows. People discover that we could cycle the resources as we return what we took, but this will cause scarcity. For instance, we plant 10 tree plants for the trade for every tree we tear down. Since it takes years for trees to grow and because they provide us with oxygen, most rural areas have nice, clean air.
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I've covered points 1, 2, 3, and 4. Although I am now more knowledgeable about investment, I also learned from my personal environment. Since I was only taught how to save money and not how to invest it, I recently realized that when we simply keep saving money without investing it, the value of the money actually decreases due to inflation. I also realized that no rich person in the world has amassed enormous wealth without investing, so I now understand the importance of investing rather than simply saving money for the future.
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Holding may not be considered an investment, yet it may still be advantageous. Do you recall when consumers who purchased Bitcoin at a discount then opened their address ten years later? Yeah, I suppose you could become an instant millionaire since everyone has a different method of making money. However, unlike the BTC, hodling does not also ensure your success. The investment may be the same, but once the Bitcoins you held were traded, you were already in the game. As opposed to hodling, you simply wait for a miracle.
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A person won't have any trouble paying off his balance at the start of the month as long as he can use his credit card responsibly. However, most people who use credit cards assume that they can easily pay off the balance, which leads them to make unnecessary purchases. In that situation, he didn't consider how much he would eventually have to pay. If he didn't notice it, it would be an issue since he would end up accruing debts that he wouldn't be able to pay back.
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In many ways, bitcoin is a truly unique form of currency, and perspectives on its potential as a form of currency or as an investment are very diverse. Bitcoin is a speculative asset that is too unstable and dangerous to be trusted as a means of trade or a store of their wealth. Others view it as a paradigm-shifting technological advancement that might alter how we view money and finance.
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Trading requires a higher level of dedication than other jobs do, so traders shouldn't invest in a coin without first researching it. This is because some altcoins are only available for a brief period of time, allowing their owners to profit from them. This doesn't necessarily mean that the projects are scams; rather, it just means that they are short-lived projects. However, if you discover that the project concept will endure for a number of years, you can invest in that coin.
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It's Bitcoin! Other alternatives as well... I've reached the point in my life when I'm considering starting a side business, and cryptocurrency seems like the greatest choice. Simply said, I believe that cryptocurrencies, especially Bitcoin, are the wave of the future. I believe we are still in the early stages of crypto, but I also believe that fresh generations will further it. Younger generations, who all seem to be interested in technology and will ultimately begin learning about cryptocurrency... After over ten years of dealing with cryptocurrency, we will run into 18–20 year old "kids" who are more knowledgeable about it than we are.
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A good item doesn't require persuasion. The general public didn't need to be persuaded to use the Internet by Internet enthusiasts. Electricity, a radio, a car, a train, a plane, and more. Every invention had detractors, but they never became popular because someone persuaded people of their advantages. Those that were successful have simply amply proven their superiority to earlier technology. Bitcoin is unable to operate similarly to banks and fiat money.
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Although cryptocurrency and forex trading are very different from one another, I did notice one similarity: both use trading platforms. Comparing to FX trading, cryptocurrencies are the most volatile form of trading. The platform for digital currencies has no upper or lower bound. The forex market is controlled, but not the cryptocurrency market. Although trading cryptocurrencies carries a high level of risk, in my opinion, it is safer than forex because in cypro, your asset's price may decline, but if you hold it, it can recover, whereas in forex, if your asset exceeds your limit, you will lose it permanently.
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Since you are skilled in both, you need not make a decision. Keep in mind that trading should only be used as a secondary source of income because, unlike our secure employment, it can never guarantee us earnings on a regular basis. Even if your trade is profitable right now, there is no guarantee that it will continue to be so in the future. Stay at your job and just engage in trading during your free time for the best outcomes. That would be my recommendation so that you can still profit significantly from both.
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The lack of children while they were younger was one of the main regrets that wealthy senior people shared with me. I believe I already comprehend what they're trying to say. Because you want to leave them with what you have. For example, if you own large properties, a lot of gold, or Bitcoin, you'll want to leave them to your children once you pass away. However, having none or just one of these items is not very useful.
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With Bitcoin's prior worth, people back then would undoubtedly not even look back on their choices with regret. Naturally, the most typical response if someone asked us what we would do if a time machine existed is to buy a lot of Bitcoin. But back then, I had no idea what cryptocurrency was; I was just a student who believed that doing well in school would make me wealthy. Since there are no latecomers in this industry, I would undoubtedly start by studying cryptocurrency so that when I had some money for investment, I could also profit from the upswing.
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Due to a lack of knowledge or reluctance to understand, a lot of young people don't truly understand how the Bitcoin system operates. The majority of them view Bitcoin as a way to get rich quick, and if they come across someone who owns Bitcoin, all they can think of is that he must be a millionaire. It's not entirely true. An instance from yesterday: I was speaking with a coworker, and when I mentioned that I traded bitcoins, he responded so bluntly that I felt as though I was telling a lie. And if I were truly interested in Bitcoin, I wouldn't be out of a job. His own understanding of Bitcoin is in fact incorrect. Even though having Bitcoin can serve as a secondary source of income for you, having it does not actually mean that you shouldn't work.
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