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great advice , but this only counts if you invested what you can lose. most people that panic are people that don't fully understand the market and maybe invested a bit to much. but in general it is good advice and give you a good price on a coin. just wait long enough and there is a big chance prices will go up and you are back in the green.
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most of my news comes from here or twitter . other sites like 4 chan and reddit seem to have a lot of shills , it is very hard to distinguish between someone genuine or a paid shill. reddit especially seems to shill a different coin every few days , most of the time some random ico or shitcoin.
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working smart imo is that you can do something faster and better then someone else in the same amount of time . Bill Gates once said he'd rather have a lazy person do a hard job because they will find a way to do it in an easy way. how this applies to crypto is hard to say , but dev teams definitely have to work hard. working smart only brings you so far.
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i agree with this , if i look back at what i learned it really is minimal in comparison to what you should know about your finances. most people don't even think about investing their money and the impact that can have on their future if they start early enough. i also see a lot of people just blowing trough their paychecks every month , and it is because they don't know any better. they saw their parents do the same and nobody taught them otherwise.
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for trading the idea of usdt is great , you have a safe place to go to when you think the market is going down and you don't want to lose any value. but there has been a lot of talk about price manipulation of bitcoin with usdt. the fact that they can't prove that every usdt is backed by a dollar makes it even harder to trust them. so while i like the idea i don't trust them enough to put my money there.
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you can hold till it goes up , or try to trade some more which is pretty hard right now. best thing to do and what is do is just sit back and spend a little less time on crypto. i think the market will recover in the coming months , so hold or buy some more and wait it out.
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it can take a long time before it is fully integrated in our society . if you take the internet as example , that took years to take off. and still it keeps having new applications en usefulness in our daily lives. but if done right the influence of blockchain won't be really visible to people.
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i feel like they already have a lot of influence on the market atm , every month twice a month a pump and then a dump happens . all this long and short shit is ruining the market , but this is what could've been expected when the banks entered.
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i make a lot less trades when the market is like this , because it is so much harder to make decent money. sometimes you see an obvious trade and you can make some money. but for me this is the time to accumulate some cheap coins. there are a lot of undervalued coins right now to hold till the market goes up again.
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they handled it fast and in a great way , everybody has their money back the same day. they showed a lot of exchanges how to handle things like this.
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this may not be what you want to hear , but maybe trading isn't for you. like you say yourself you are impatient , which is a bad trait to have when you are trading. you really don't want to trade on emotion. if you make a bad trade you have to choices , to hold or to sell and both can be right. this is what will make you a good trader. if you are able to take your losses or know when to keep hodling.
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that is the risk of trading and that risk is even higher in crypto , because out of nowhere anything can happen. but there are some things you can do to reduce the risk , when i make a certain amount i just cash some out . i think when you really understand how risky this is and you take some safety measures you should be good either way.
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i used them last weekend and it worked fine , deposit and withdrawal were really fast . i have had some problems with them in the past but they seem to be legit.
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that is the hard part , if you can predict that then you will be a millionaire instantly. but you can try and see some signals , weird market movements or something like that. but in the end it is experience , and maybe some inside knowledge.
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Well it is better to save money so that you have money when in times of need. But it is also good to invest your money to bitcoin so that your money grow. What you should do is invest some of your money then save your profits. In that way you have earnings and save money at the same time.
Agree. Saving is essential for having an emergency fund for undesired situations in life. You'll never know what will happen in the future with the world's economy, hence you'll need to be prepared every step of the way. Still, you can't ignore investing your money into something good that would multiply your holdings over the long term. This is because investing allows you to reach greater heights that were never possible by only saving (due to extremely low rates provided by banks). Therefore, there will always be a need to combine both saving and investing techniques to help maintain a steady financial life that will pay off for years to come. The most important thing would be for you to achieve a great retirement with plenty amount of wealth for peace of mind. Just my opinion  most things are already in here , but most important is to diversify you investments. so bitcoin is a pretty risky asset to have , maybe also put some money in some reliable stock or bonds. if you start investing at an relatively early age ,you will reap the benefits in the future. |
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the consequences will be that some people won't have access to internet , so they have no way to acquire coins. or even if they have access to internet and a computer , what if that computer crashes and they can't afford a new one , they will not be able to spend money. there are a lot of hurdles to get over to see such a economy become reality.
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i just do it part-time , because full time is to stressful i think. also you need a stable income , which is very hard to gain with trading . and i think if you have success in crypto trading why won't you go to stock trading.
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People fails they excited to start without any knowledge and even dont know about statistics of charts.Investing at on place mainly chances to loose money. Emotions also play best role in trading need to control the emotions according to the situations.
Learning should not be stop it groom skills which help out to take right decisions.
and in addition to that i requires at lot of time invested , and you need to be generally smart. it isn't as simple as buying a random shitcoin and hoping it goes up soon. |
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i think there will be for sure , we are just at the start of all these new technical developments . eth will be around for a while but there will be someone who does it in a better way. some projects show a lot of promise like the ones you stated in the OP.
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because most people don't have the right mind for trading , it is pretty draining on you and time consuming. people think it is easy because they see the volatility on the market. the best traders have a strong mindset and are not scared of losing money , they make decisions on logic and not on emotion.
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