Haven't nurturing this idea of trading a Bitcoin in the near future,but one question that's always come as a concern to me is. Is proper for me to trust a friend of that high magnitude ?
Trading is not an easy task to do, any time I see some traders trading for other investors and paying them interest, I usually cut cap for those traders because it is not easy. Before you can proceed to allow your friend trade for you, you are to note if they are actually an old experience traders. If your friend is just a normal non fully experienced trader, he may end up to lose your investment to Bitcoin volatility. Know who you are dealing with and their capabilities before you proceed. Of course, his friend will ask for a percentage share if his trading is successful in making a profit, in other words the service (jockey) of someone playing it. Yes, paying attention to when he trades is much better, at least if we see directly how skilled or not he is at analyzing the market. It would be nice, apart from seeing him directly, we could also study before our eyes and gain knowledge from him before we entrust it to his friend. From there we gain a little knowledge and we continue to learn from various sources and combine what we have gained so far and then we try it. This method is much better than we entrusted to our friends. |
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Generally, not all traders can make a profit, but losses always follow them. without strong analysis and rest, a trader will experience large losses. Not only that, they must have strong fundamentals regarding the risks they face in order to make a profit from a coin that is traded, only a few are successful in making profits from large amounts, so many traders who give up because losses always come their way.
Indeed, if we want to be successful in anything, of course we will encounter obstacles in every way, whether it is a loss that the person has experienced. Yes, every failure is a spice for achieving success. Before someone becomes an expert trader, of course they have experienced many big losses during the process in the market, sometimes they feel despair within themselves. What makes them successful in becoming experts or professionals, is that they continue to struggle and learn with every failure, perseverance and discipline during the learning process. It's true that not many people are successful in this job. |
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Yes as long as the money to accumulate Bitcoin is readily available.
Anytime is a right time to accumulate Bitcoin, but I think the best time to buy is when the price is dip and hodl for a longer period of time. And there is not time waiting for the value to drop further before accumulating Bitcoin because no body can predict the Bitcoin market price because it nature is volatile for you might be waiting for the price to dip further while it keeps on increasing in price.
You can accumulate Bitcoin when the money is readily available also with the amount you can afford to loss and for you to have more profit in your Bitcoin investment it depends on the quantity of Bitcoin you were able to accumulate and hodl for long by setting aside your discretionary income which will enable your hodl your Bitcoin for long time.
Actually, it is not a big problem when we buy this asset at a price that is increasing, if we invest we must be sure of what we choose, if we look at Bitcoin's track record we are all confident in Bitcoin, in the future its value will continue to increase very much. tall. If we use the dca technique we will get our best average price for investing. It is true that when a downturn occurs, it becomes everyone's dream to continue accumulating their assets and they will get much more bitcoin than when they experience an upswing. A decline is bound to happen but we never know for sure, it would be better for us to invest every month using the dca technique rather than delaying it until the decline occurs at the price we want. Yes, this is up to each investor which method they choose. |
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Maybe one of the reasons why others think that winning in gambling is really just luck is that those who don't expect to win the jackpot in gambling are the ones who often get the jackpot.
And those who still hope and always gamble are the ones who will never experience luck.
Those who lose a little while playing gambling are the ones who often win the jackpot, and those who lose a lot while gambling are still the ones who often lose. It's weird, isn't it?
This is not always a benchmark. How little or how much we play there will influence that person's victory. It was very difficult for us to shoot or get lucky (jackpot) that night. This depends on how one controls the game. If they get more chances to win that night, then you could say they were lucky that night. It could be that they are really free in playing, they gamble just to channel their hobby or have fun and if they do experience defeat then they are ready for it and don't think too much about it. |
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We can make money in trading or crypto investment if we have the knowledge and what to do that will keep giving us the money to keep going. Winning and lossing is a common thing in the market and everyone also faces it to the core.
There are so many mistakes we might be making as a crypto trader and we need to always work on it if we want to be making consistent profits in the market. Disciplinary measures are one of the things that have kept many good traders in the market for many years without having to quit due to negative results.
Yes, mistakes or failures are normal in trading, this can be a benchmark or introspection for us to change and take lessons from there and continue to hone our skills from these failures. Indeed, every disciplinary action is part of achieving success in any matter. It is impossible for someone who has negative results from trading to survive there for long. It would be better if they had negative results over a long period of time there. It would be better for them to choose another method or option in determining their investment. The spot method is much better than trading. |
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But if you invest in BTC during the bear season, you will have the grace to earn well than someone that bought during the bull run which is not advisable to newbies to buy BTC during bull run because the season is good for selling of BTC in the market.
It is better you learn from the bull season and bear season which is the major things that made hodlers to stay long in the crypto industry because they buy when the bear run occur and sell when the bull run occur.
Both the bull run and bear run use to add value to people that will embrace the opportunity to buy when the price is low and hodl for long period of years, before they can plan to take profits from the bull run in the future.
Agree with what you said, when prices are falling the dream of every investor is to continue to increase or accumulate their assets. What if every individual continues to accumulate their assets every month with the dca technique, do you think it is still not recommended? Isn't it by accumulating with the dca technique that we get the best average price for investing? If we hold our assets for a long period of time, of course this will provide many times the profits for those who hold them. |
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Is it truly a month of downturn, or is this perception based on anecdotal ?
Bitcoin is now down but it does not mean that oy will not bounce back, the bull run is not yet finished so it is expected that btc will turn back to bull, and we don't need to be panic because being panic will not help us earn , if we don't control our emotion we will surely lose, if you invested on some altcoins and now it is down because it is being affected of the bitcoin price that drop them dont be panic because when btc rise the coin will also rise. In this case, it is no longer a public secret that increases or decreases are something that normally happens in the investment world with fluctuating prices on the market. If there is a downturn, you should not panic as you mentioned above, panic will make you lose a lot of money there. It's best to provide cold ammunition (money) and continue to accumulate every time a downturn occurs, this is a golden opportunity for us to get a cheaper price than before. Yes, of course, if Bitcoin experiences a fairly rapid increase, alt coins will automatically also be affected by the increase. |
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We are gambling everyday,losing everyday,crying everyday,and regretting our actions everyday but the problem and the question is,can we stop gambling?
Can we do without gambling for a day? Most persons will fall sick if they are asked to stop it because they've gotten so addicted to the stuff that if you tell them to stop,they will keep malice with you,or probably have issues with you for telling them to quit gambling.The logo is quitters never win and winners never quit.This is what they keep on telling themselves to give encouragement to themselves
They know,and we know that this is our weakness,this is what brings us down and makes us lose money,but we just can't stop..
The possibility of being able to stop will always exist for every individual who likes to gamble. This goes back to each individual, what does it mean if someone doesn't gamble for a day and can get sick? Indeed, the intention is very good, in this case a friend told his friend to stop for the good of his friend, but if they don't listen, in my opinion, just ignore it. Usually they will realize by themselves if they have run out of capital or possessions in cases like this. |
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When someone encountered a massive loss in trading, he needs to take a break for a while to calm his minds and emotions. Trading needs to have skills to analyze the market, selecting the coins and other things and without learning how to analyze, that person will not have a chance to make a profit. If you can learn many things about trading, you will not have a problem and will always aware and careful when analyze. You will be careful using money for trading because you will not wants to risks too much money in trading. When you loss in trading for some time, you will realizes that is the time for you to stops trading for a while and will not trying to recover the lose because that can makes your emotion increase and will makes you lose control.
Even though sometimes a person often carries out these activities for quite a long period of time, sometimes he can also experience stress because the rhythm he has learned in analyzing the market so far has not found the right or appropriate one and often he actually experiences failure rather than profit in terms of this trading activity. . Sometimes the various indicators that we study cannot guarantee perfect analysis, but this can provide us with basic knowledge in carrying out our trading activities. Indeed, this job can increase your money quickly, but the risks are very large. If you experience many failures in trading, it would be better if you just leave this job. To minimize even greater losses, there is no harm in choosing another method that is quite safe in this case, namely spot. |
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Deciding to take the wrong action is one of the causes of hampered profits for traders. This is due to a lack of knowledge so that there is concern that prices will experience a sharper decline. Without further knowledge or research, A trader can get trapped because he chose the wrong coin to trade, this is because trading on a type of coin that is trending because many people are talking about it can generate profits quickly in a short time. It is not a good reason that a lack of capital can hinder you from making a profit. If you continue to be consistent, even if you have little capital, your value will certainly increase if you have knowledge of the coins you are trading.
At least if we make a decision to determine our trading options, of course what we need is knowledge in this matter. Indeed, sometimes capital really determines how we play in the trading market, with sufficient capital we can play for quite a long time compared to small capital. Agree with what you said above, if we are equipped with knowledge but we have minimal capital, this does not make the person afraid to make a profit there. In my opinion, the first point is knowledge, without knowledge we will lose our way of playing and most likely will lose a lot of money there, and in my opinion number two is money. |
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Have you ever noticed or am I the only one?
The more active I become with gambling, the more it drags me back, luckily I keep risking only what I want to lose.
The less active I become with gambling, the more positive it gets for me, not most of the time but my results are simply better than when I was very active.
It's like the casinos are wired to mess with the most active gamblers. I don't know, so far I can only find someone who has seen such before.
A friend who lives far away from me has also said the same, he got tired of gambling because it wasn't going his way but when he started talking it less seriously, that's when he started to get positive results.
Has anyone had the same experience before?
From your friend's experience that you mentioned above, this is a pretty good first step to repairing what was previously damaged by gambling. Your friends don't feel bored, but they already know what the impact is. Hopefully, your friend's experience will lead the way for many others to more positive results. Yes, it's best to bet when you see a chance that you believe will win that round. That's much better than forcing yourself to join in and continue playing. Indeed, every platform maker really knows the psychology of each gambler. The more active or aggressive the gamblers are, the happier they are, as they please, controlling their wins and losses. |
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Of course, it is possible to retire early if you have made the proper preparation. However, people think retiring means they won't be doing anything at all. Yes, you won't be working but you can manage your business and investment. Or you choose to sit and employ someone to do that while you authorize the person from the comfort of your home. Things are made digital now, you can be watching your business grow and investment or company from the comfort of your home.
Agree with what you said above, without thorough preparation of course early retirement will not be well coordinated. Managing a business is the same as working on how to think about what goals we want to achieve. Do you give or allow freedom and comfort to the foreigners you recruit in your business? In my opinion, this is a fatal mistake, it would be better if you didn't just sit or watch your business, but you should be at least a little or a lot involved there. |
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It is cool when professional traders are trading and making profit from shorts no matter how little it is. What I am concerned is the newbies that just got into the crypto space, who does not have the knowledge about the market jump into trading and loss all their capital. Such people should stay away from trading, because it is easy to be a long-term hodler than short-term. Bitcoin market is risky and needs solid trading skills to survive in the market.
Yes, this is what makes everyone want to become a professional trader by seeing their activities and getting enough profits from there. It's true what you say, being a long term investor is much better than short term which has much greater risk than long term. What you mentioned above is really not recommended or recommended for beginners to jump straight into the market without being equipped with knowledge, and if they force it of course they will lose a lot of their money. Yes, it is best if someone is new or wants to enter the world of trading, you should first study the various types of indicators that are often used by professionals to provide you with basic knowledge to start trading. |
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It is very sad that something like this happens in a country where the majority are farmers, however at least people have to think about their daily food because they all have the right to live and plan their future, especially their income from agriculture, lest they be oppressed by people who irresponsible, if something like that happens then their actions are truly heinous, they should not think about themselves, there are still many people in trouble who they have to find a way out of.
The main role in this is the government in the country. I think every government in any country will always have good policies for its people, but the problem is that many people behind these policies are taking advantage of this situation by playing with the prices of every farmer. It's as if the government is turning a blind eye or it's very difficult to eradicate criminal mafias like this, indeed their actions are really cruel or greedy, they don't care at all about the fate of their farmers in the next life. The most important thing is that they can get big results and enjoy them. Not only in Nigeria but also in my country, the same thing happens, farmers always lose money and prices drop when the harvest arrives. |
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Most gamblers like to play more bets and increase their staking power any time they win a bet because it gives them more confidence to predict games that will play. In the process of doing this, if caution is not taken, you might lose all the money you won because nothing is guaranteed in gambling. You should set a certain percentage to withdraw from your betting account at any time you have a winning so that you will not use the whole money you win to play bets and lose it.
Yes, the instinct or desire to play again always appears when we have won quite well. If they increase their bet and on that round they lose, of course they will definitely play again with selfish feelings and emotions inside them, and of course they will want to take their money back. that had been lost in the previous round. What we have to do is control ourselves in this gambling game. It's best if we cash out around 80 percent and you can play the rest freely and not think too much about losing. |
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I think I entered the market at the wrong time. There are reasons to think and reasons to enter the market. In fact I thought the market made a strong candle that might push the market higher and I could make some profit in the short term. But my hunch was wrong and the market went from a strong candle to a sudden downtrend and continued down. Which has now greatly reduced my wealth. My biggest mistake was not using the DCA method. Actually I expected some small profit in short time. But the market stuck me. Anyway, now we have to wait for the next bull run.
Yes, that's your mistake in choosing an investment method. In my opinion, choose a field that you are really good at. If you haven't mastered it yet, it's a good idea to learn it first before jumping into the market. If I see this, you are playing trading, right? It is indeed difficult to do this job to earn income in a short time, at least before trying it, you must first study the indicators as your basic knowledge before entering the market. If you've tried and always fail, it's best to just choose a method that I think is safe (spot) and continue doing dca every month. Remember to invest to get optimal results you need quite a long time in this case |
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Not much, just few points, some of them were from early investment after 2021. and some of them were from signature campaign convert. But well, I'm really thankful with this amount.
Investing in Bitcoin has become a choice for many people. Because, many parties have truly understood the benefits, after several bullish Bitcoin cycles. Of course, the more Bitcoin you have, the more profit you will get. However, the important thing is to make sure that whatever the nominal value is in Bitcoin, make sure it is truly free money. Not using money that will be used every day.
Yes, we have to be grateful for what we have gotten so far, everyone of course wants to collect as much as they can in accumulating it, They can carry out any activity in Cypto, whether they participate in a giveaway, project campaign (bounty) or something else. What's truly free doesn't require a large amount of capital. With the development of this asset, it is quite true what you say, many of them invest in crypto. It is not recommended to invest money that affects our living needs, it is better to use money that is saved or not used for any needs. |
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A gambling person can never lead well, and every action he takes will have bad results. Currently there are situations where some gamblers spend their entire income on gambling. A gambling addict can never profit and gambling can never win because his target is to win so he fails every time no matter how many times he participates. And when the income ran out, he later started borrowing from his close friends. That is why the gambler can never bring any benefit to society because he is always an addict for whom no good can be expected.
It's best to just adjust the portions in our gambling games, don't overdo it, if we overdo it, this is not recommended, this will have a bad impact on your financial condition and your life in the future. I think it is impossible for gamblers in their life to gamble and never feel any profit at all. I think this depends on each individual, whether they can control or be responsible for when they win or continue playing indefinitely. Indeed, the bad impact if we run out of capital in gambling is that we will borrow money from our closest relatives such as friends and others, and the bad impact is that they could commit crimes, this will be detrimental to society by losing their wealth. |
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