I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on.
fortunately coingecko and coinmarket cap has this list and it's always a good place to give me hint on what crypto should i trade at the time being. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co.com%2Fk3TQyvD%2F7dgraph.png&t=665&c=gorFcE3xJz-Sng) just looking at market cap change and price change for the last 7 days enough to give me insight on what's the altcoin that has bigger chance to have higher volatility and also higher chance of pumping. but I personally always prefer to ride the hypes, trying to find hidden gem before it's showing its real worth. If you would really be liking to stick into those old and established coins then you would really be putting up that focus into those top ranking coins or into those huge or big caps but if you would really be having some plans on trying out to get those huge returns or having those huge multipliers then your main choice or step you would really be making is to deal up with those gems or to those coins or projects that hasnt been pumped out yet. Yes, it would really be that possible or something that could really be attained but you should really be making yourself that having that kind of awareness about on the risks involved into it. We do know that dealing up with new projects does have that high very chance on getting rugged or being a scam one. On the time or moment that you do hit up the right spot then it will really be giving out that kind of chance that you would be able to make huge profits. Also i do agree into the sentiment that i would really be rather be going with the hype rather than utility specially for short term. Example on this one is on dealing up with meme coins. I do really love to hover myself into this place on which if you do really know on how to make that control and moderation then you could really be able to make money but of course the risks is very high.
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Hey, guys! Are any of you emotional gamblers who often lose because you can't control what you feel? When you lose, do you tend to double your bets or chase your losses, driven by a pride that can't accept defeat? Do you consider this a problem? If so, has anyone here been able to solve this kind of problem themselves, and if yes, how did you do it?
I have this problem, and based on my personal experience, I find that sometimes I get challenged but not too greedy because I don't have a problem quitting when I'm winning. However, when I'm losing, that's where my struggle lies.
That's why I shared it here; I feel that some of you may experience the same challenges, and I'd love to hear your ideas or experiences on how to win this battle so we can enjoy gambling.
You are not alone in this, most gamblers are also struggling with this, it's hurts when you lose especially when you worked hard to get that money, it almost feels like your setting those money on fire or throwing it out of the window..But you took the risk that's why it's a gamble, when you start feeling emotional due to losses try as much as possible to quit for that day or for a long time, because decisions made under the influence of emotions are most likely irrational, you would forget about everything else except chasing what you have lost till everything you've worked hard to get is gone..self control is key It's hurt when we lose especially if that money is from our salary. We know that so we must realizes that gambling is not for us and we needs to search for other ways to have fun. If we still playing gambling while we know that we can't enjoy the gambling games, that will gives us a depress because of the losing of the money. We will not feels satisfying from playing gambling especially when we lose and that can attract us to spends more money. If you can control your emotion and know that gambling is just part of your life and you don't need to use it too often, you will not spends your spare time to playing gambling instead will use other things to enjoy your time. It's normal if you becomes emotionally if you lose your money in gambling but you can prevents the lose not becomes bigger by always limiting your money that you use for playing gambling. You must become wise to use your money to playing gambling so your sadness will not be big when you see your losses. This is why it would really be that important that you should really be that making use of the amount on which that you can afford to lose or something which is really that intended for buying up needs or your priorities in life, because on the time or moment that you do have this kind of consideration or making out such act then you would really be that impulsive on the time or moment that you would be able to encounter loses. On the moment thatyou would really be dealing up with gambling then only spend on which the amount you can afford to lose so that on the moment that you do lose then you wont be finding yourself to be that impulsive. On the time that your emotion and your mind is really that being stressed then you will really be making up decisions on which it shouldnt really be supposed to be done on this way. Emotional or not, winning chance isnt something that a guaranteed thing. The only difference on here is that on the time or moment that you do play gambling with having that entertainment and leisure seeking concern then you wont really be that much worry about on the results on which your game could give or happen.
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Thinking that we could make some money from what we have right now is possible, and that's why we should be giving it all we can, it is going to definitely make some changes. Think about it, we have seen an increase before the bull, we have seen some drop after, and we are seeing some recovery. That is textbook what happens in every halving, and I think we are getting close. Look at what happened at 2017 one and look at 2021 as well and see when the increase starts.
A lot of people think it's now or soon, but I think near the end of the year is more likely, hell maybe even next year. I believe that it is not going to be simple, and a lot of people will end up being upset over it, but that is going to be something that will not be simple and we could probably end up with something that will take a while.
We couldn't really ask for anything else, I know that it is going to end up with something that won't be too simple, so we can't really make it work some other way. I just believe that people should accept their faith, keep on buying as much as possible, and then end up with a profit when the bull run finally happens. That should make it change as much as possible, and would profit us.
But of course risks management would really be that something that needs up to considered or to look upoin since you cant really just that make yourself having that kind of all in kind of approach when it comes to this aspect. It would really be that important that you should really be setting out that risks management because you cant really just that make yourself having that further step but without having those kind of considerations. Of course you would really be needing to be careful specially in terms of investment on which you cant really make one without any concrete plans but since we've been dealing on a volatile space so its normal that we will really be having that kind of movement on which this market is volatile. Any plans that you had set out will really be that totally not that effective. As for getting rich then it will really be basing up on on how much that you had invested and its normal that it will really be that reflecting out that if its big and on the moment you have invested on some coins which could still make several multipliers then you can make nasty profits but of course always consider about on the risks because you could also lose the other way around.
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Time and energy are more valuable than money. A dead-end career costs you life, not just money. Every hour you work is another chip from the old block and won't be returned. Though we all age, losing potential is a pity. Man, you're talented. Do something with them that makes your time count
Like a muscle, your brain needs exercise. Lack of challenge in your career shrinks you. Should you sacrifice mental and emotional growth for a solid paycheck? No way! Risk, experiment. Make money and feed your spirit. Life's too short for ruts. Embrace turmoil, be bold. Show your abilities!
Everything needs to be considered carefully and there must be a balance between each other, firstly we need money to survive with the current circumstances and developments and apart from that we also need to pay attention to time and energy including our health. We must be able to make the best use of our time because we need to remember that time cannot be turned back, so we should be able to make the best use of time and opportunities. Many people regret because they have wasted time and opportunities, but when regret occurs it will not change the situation for the better. Earning money is a must, but it is not recommended to sacrifice things that are not necessary, such as working without knowing the time, even though it is good, the bad side is that health will be affected and when that happens, of course performance will decrease, including emotionally, which in my opinion is if we lack it. Taking a break may make it easier to get emotional because you do feel tired, but these unstable emotions become very sensitive. We do really need money to survive and if you are someone who do find out your condition on which you've been having that struggle on day to day survival in terms of needs then it would really be just that right that you would really be finding out some alternative on which you would really be that trying out your best on dealing up with things on which you do know that you would really be able to benefit from. We do several ways or common methods on making your condition to be more better in terms of finances on which via investment or business but of course you would really be needing to take up some step forward so you would really be able to make yourself having that kind of opportunity to make more money on which of course if its done well then it could really be something that gives out that financial freedom. Somehow, you should really needing up to consider about on the risks involved because on the time or moment that you would really be doing such thing then risk is there on which you cant only just potentially make money but also you could also lose too on which you should really bare up that kind of situation or probability.
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Of course, as you have said, even traders who already have a lot of experience will never escape losses, or in that sense whoever you are, beginner or experienced, of course you will still experience losses, and it is also a fact that in Any activity that has the potential to be profitable will always have a negative side, such as the risk of loss. But perhaps the difference between beginners and professionals is in terms of losses, in the sense that beginners definitely experience more sessions that make them lose due to their knowledge being still very basic.
This means that skill and knowledge do not mean that they will always guarantee profits but are useful for increasing the opportunity for profit and minimizing the risk of loss, and if indeed skill or a lot of knowledge is a guarantee of always being able to make a profit and completely avoiding losses then surely the richest person in the world today is they are traders. Basically, the market will continue to run and create different prices. Simply put, as long as the market is running, of course the risk of loss will always be there.
I believe that even veterans may make some mistakes, but veterans do end up being a lot better most of the time as well, they do not end up with a loss, it should be pointed out that we are talking about something that takes some time, so it shouldn't really be a problem. A veteran would rarely lose money, because they are a veteran or at least they should, because if they spent so much time learning and trading and still making a loss then there is something wrong with them. Majority of the veterans lose money very rarely, and while they do, newbies keep on losing money like crazy and that is something that we have to realize as a difference. When it comes to mistakes then there's no such thing about being expert or simply its an inevitable stuff on which you wouldnt really be able to avoid because this market is really that volatile and something that cant be predicted. You shouldnt really be that making yourself being that perfectionist because on the moment that you would really be pushing yourself into your limits then you would really be having that kind of behavior on which you would really be ending up on being desperate on which this isnt something good when you do deal up with trading. This is why it would really be that important that whenever you do experience loses or mistakes then theb est thing to be done is to make yourself that learn with those mistakes. Mistakes do really give out that kind of learning and on the moment that you do gain up more experience then this is where you do gradually make yourself being called as a professional when time comes. It would never been ideal nor really that recommended on trying out to chase up losses. This is where it would really be testing out your patience and your emotion on which this market will really be that like a roller coaster. So adjustments will really be crucial anytime.
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Have anyone ever had confidence in any match that he was willing to be huge amounts to back up the confidence in a match that features his club. A friend of mine recently shocked me with how much passion and confidence he had in his club, man u vs liverpool that happened on Sunday I guess was a very hard match cause Liverpool was already stomping 0:2 to man United but my friend was telling that man United won't lose the match, so I told him that if he has much confidence that he should stake life, shocking to me he went on and staked 5k on man United win to qualify which was about 7 odds at that time, and yeah it turned out right for him. Can any one do this or was it a foolish move?
There should always be a limit to what you are staking, your friend got lucky, that's what gambling is all about, 80 percent luck and 20 percent analysis..no matter how good a club is I can't stake all I have on that team because at the end of the day anything can happen A lot of things can affect the performance of a team no matter how good they are, unforeseen events can happen in a game and affect even the most skillful team. If he keeps on staking like that he might end of losing a lot of money..most of the time it doesn't matter which sides the odds are in favour of the outcome might be surprising. Wont really be having that kind of confidence on going all in, specially if i do saw that there would really be some disadvantage then i cant just that make myself having that kind of impulsive approach no matter how i do support a certain club/team or player. I would really be always sticking into those analysis on which i could have on the moment that i have seen that there would really be such advantage/disadvantage. The thing you have said which is true on which 80% and 20% analysis which its something that it is really that precise when it comes into this aspect. We do know that when it comes to betting even if its something which analysis could really be applied but still it wont really be something that give out that assurance that you could really be able to win up. Thrrefore, limit your expectations and never ever make yourself that too positive on things because you dont know on what would happen next. There would really be those bettors on which they are really that highly giving out that support into their team on which it doesnt matter whether they would really be losing that much as long they would really be sticking on betting into them as if they are really that much loyal into it,but well its their money on which they could really be able to bet on.
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It's not always that simple. Not all online casinos are pure crypto casinos. We see more and more traditional fiat casinos support crypto with an aim to increase their userbase. These gambling platforms were already regulated before. On top of that, I am sure that many players prefer licensed casinos because they want there to be a 3rd-party that can help them if the casino isn't being fair.
I partially agree with you here. Regulation is a double edged sword for gamblers like me who value anonymity over everything else which is why licenses do help, but don't guarantee fairness everytime. Just look at a site like 1xbit for example. They are licensed, but still openly scam everyone without any fear whatsoever. You are right, and let me add to what you have said by saying that so far, I have not actually come across any gambler who had issues with a particular casino, and the license regulator of that casino steps in to resolve the case between the gambler and the management of the supposed casino. License is no more like a decoration on casinos to be honest, for those who build this casinos knows that they are more likely to gain gamblers trust if there is a license to back the operations of the casino, this is why several of this casinos owners obtain a license for their casinos even when they know themselves that those licenses does not benefit the gambler in any way. The primary thing that comes up into the mind is on the moment that if a casino does have a license then it would really be considered out to be legit on which same as you said that this isnt a solid basis for a certain platform to be trusted despite on having license. The thing here is that on the time that they do have one then you could at least have that assumption that they are doxxed or known on the moment that they would become a scam or doing something stupid but i dont know if there are actually those cheap licenses have this kind of system or simply that granting license without having those kind of known team or owners. Speaking or talking about accusations been thrown into this forum then it wont really be always that true or accurate on which we've seen tons of situations that accusations turns out to be false or something that arent true because there's no enough evidence that has been provided with the accuser. This place would be the best place for you to find out if ever there would be some pending issues with the current existing that we do have in the market today in speaking about into those current existing gambling casinos or platforms. You would really be just that simply making use of your own common sense then you could be able to spot out on which are the things you would really be tending to believe on.
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From basic economic principles, if you have a higher capital, you will certainly have higher returns compared to starting with a smaller capital.
But the opposite effect also works here: the more capital you operate, the greater the losses in case of an unsuccessful outcome. That is, risks with higher “stakes”. REMEMBER 50% profit on $1000 is $500 5% profit on $100,000 is $5000 THE IMPLICATION IS; Don't chase bigger returns, chase more capital. This is also applicable to How much you invest in Bitcoin and how much profit you can get from it.
REMEMBER Investing in bitcoin $1000. profit on x2-x3 is $2000-$3000 Investing in altcoin (not all altcoins, but only some) $1000. profit on x5-x10 is $5000-$10,000 (but you are more likely to get a different result - x0) In the case of cryptocurrencies, this works a little differently. Or simply speaking about the possible gains that you could really be able to get in dealing in between Bitcoin in compared into those low caps or altcoins which those prices are still cheap or undervalued. This is one of the main reasons on why tons of people are really that considering on taking up such step on investing into altcoins because of that profitability possibilities on which we know that this could really be something that will really be giving out that chance on making some nasty profits. Speaking about on the capital that you would be needing then of course not all people or investors would really be having that huge amount into their pockets on which there would really be those main differences in between to those who are really that having big or small capital. It would really be that understandable on who do have that advantage specially to those who do have bigger capitals on which probability of gains could be high on a small volatility of the price or simply with the percentage but come to think that when it comes to probability of losing then it would really be also bigger. This is something that you should really be that considering on such aspect. So it would really be just that depending on how someone would really be making themselves handle out such risks.
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Yes, addiction is a behavior that is based on and encouraged because of hopes that always create beliefs that are even considered unreasonable, gambling is not bad, but what is bad is a person's mindset that assesses and responds to what and how gambling actually is from the first time they are involved, because After all, there are still some gamblers who are still safe and protected from various bad impacts, meaning that gambling will not cause too serious damage if it is done correctly with reasonable goals.
Addiction is a disease that nests in the nerves of the brain, where of course the brain and mind will always direct a person to various actions that they want, and this is why addiction is difficult to cure, because it is unlikely for them to be able to reject and restrain all their desires in terms of gambling, therefore, before it is too late, of course there is no harm in checking the progress of your involvement in this activity, simply do a self-evaluation about whether your interest in gambling is starting to increase or decrease, if it increases then of course some preventive measures must be prioritized from now on. That.
People that are addicted to gambling will always find a reason to gamble and they are always having hope the fault usually comes from their first win. Then some when they have frequent lose they will want to recover their money they don't know that that is another reason for them to want to gamble more. They just need to control their self the more, plenty of them are greedy and deep down they know they can not win but they will still decide to want to play the more. They don't know when to stop. Their are people that gamble and they don't complain because they have already putting everything in place. Because they know that when they go to extreme they might spend everything they earn to gambling. Those that already know their limit don't go beyond because they understand the things they need to do when. Gambling addiction is also a big problem for those that are addicted and that is why they can not help their self. Gambling addiction can not be restrained. They don't even cross check their self so that they will know when to stop or continue somtimes that is only what they need. To know in other to be safe. In essence, their inability to limit their gambling activities and restrain their desire to gamble is because what they have in mind is winning, or meaning they have come to make money, so of course it is difficult for them to really find a point to stop, because usually gamblers are already the addiction will only stop when they have exhausted all their money. I would say that gamblers who are addicted are those who when they win will be greedy and when they lose they will chase their losses, so of course there is no stopping other than when they run out of all their money. We often hear ideas from other people, especially those here, that in any case, before we engage in this activity, we must first know what we are actually doing, especially what and how the activity actually is, especially understanding the overall positive side and the negative, because with this I am sure that it is less likely for them to take various actions outside their control that could potentially harm them. Once your mind is really that fixated on things then it would really be that something that you would really be needing up at least to look upon whether its ideal or something that wont really be putting you in harm or potential problems. Sometimes people do really get that delusional on the moment that they would really be dealing up with gambling on which on the moment or time that they would be finding themselves having those kind of approach and ideas towards gambling on which they do believe that it is really just that easy to make up some wins or simply doubling their money and would get rich. On the moment or time that you do make yourself having these kind of mindset then you are eventually making yourself that puts up into that potential disaster on which we should really be that needing to look for. This is why it would really be that important that on the moment or time that you do find yourself having this kind of approach or mindset then better to reassess and realize that this couldnt really be that possible all the time. This would really be just that making you desperate on which we know that desperation would really be always leading up to disaster. This is why we should really be that careful and take gambling as form of entertainment and not really be that going after with money making thing because it would really be bringing out such disaster.
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Many governments are moving to push hard to reduce sales of diesel and petrol cars, the European Parliament has officially approved a law banning the sale of new petrol and diesel cars in the EU from 2035 The landmark law will require carmakers to cut down CO2 emissions by 100 percent. The 100 percent cut in CO2 emissions from new cars sold would make it impossible to sell petrol or diesel-powered cars in the 27-country bloc. The law that comes into effect in phases that will require a 55 percent cut in CO2 emissions for new cars starting 2030, which is a much higher target in comparison to the current 37.5 percent. Source ---> https://timesofindia.indiatimes.com/auto/electric-cars/no-petrol/diesel-car-sales-by-2035-european-parliament-approves-ban/articleshow/97939363.cmsSome reports indicate that the costs of running an electric car are actually lower than the costs of running a car with an internal combustion engine. So, will this goal be achieved by the year 2035? Will the cars be more efficient and at a good price compared to current prices, or is it a policy that may take decades? Eventually we will hit a day when oil starts to run out or becomes prohibitively expensive to use for fuel in cars. We have been using it for a long time now and will probably continue to use it for many more decades, however there will also be a peak for demand affected by many factors. It will actually be a good thing, because certain countries get to abuse their access to oil and keep some very nasty people in power. What the EU is trying to do is admirable, but I expect it to get pushed back. Ultimately, if we can clean up the process for creating renewable fuels and the battery technology so it's less harmful than fossil fuels, then people in cities and towns could start to breath much cleaner air which is better for us all. We should thinkg that petrol/diesel is really just that not only used by cars but also in machiniries as well on which we know that it wont really be everything if ever there would really be a full integration from those ICE to pure EV on which it would really be that hard to believe on such stuff. This is why it wouldnt really be that just right that we would really be saying that ICE cars would really be that ceease to exist due to that EV invention or simply having this kind of huge changes but rather i would really be seeing some hybrids near in the future but totally eradicating petrol or diesel would really be that impossible. This isnt really just that talking about being a huge industry but actually into its relevance considering that we are really that running up some machiniries that does still needing up these substances. Reality or dream? It doesnt matter because people would really be that eventually making out adjustments on the time or moment that they will really be dealing up with something. Decisions would be made in regarding to this would really be that still a long time debate and also those oil companies wouldnt really be letting for this industry to go into the floor. This is why we wont really be that able to make those kind of conclusions on this matter.
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A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently.
This is not true. If you are learning how to trade and you see on social media about how some peopke are making money from trading, that will let you think that you can do it too but it makes some people to go greedy as they want to be like those people and want to earn more money but which can lead to losses. What I just know about trading is that you should not think about any other traders. You should not think about traders successes. Just focus on your learning. Start with small amount of money and be very patient. Do not trade with the amount of money that you can not afford to lose. Learn more about risk management. You are correct with what you said. Sometimes looking at others people success in trading can be a distraction that can make one to trade with some amount of money that one won't be able to afford. One of the first way of making it in trading is to have the understanding that trading is all about learning and to understand that having a better result in trading takes some processes. Getting discourage about trading because of not getting positive results is not a good one. When trading is becoming difficult the only option as a trader is to learn more, seek for more knowledge to become successful in trading. Actually its not a distraction if you do really just that make yourself having that kind of own goals and targets or simply making those things as your inspiration. Not all people who do look into someones success does mean that they would really be that being too hopeful but honestly it cant really be avoided on having such approach on which we know that when it comes to this then we want also on being profitable. This is why its not really that bad on making yourself on having those kind of projections too or simply making them as an inspiration because if you wont be targetting yourself on having those kind of goals then you wont really be that persevering on moving forward since you would really be that definitely making yourself having that kind of none good feeling towards on the current things that youve been into. Discouragement and hesitance would really be there specially if you are really that making some losing trades on which its normal because we do know that when it comes to certain conditions on which market unrepdictability will really be always your main encounter on things on which if you dont know on how to handle up your emotions then you would be ending up on quitting so easily.
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Based into those things mentioned above, then these two things would really be that i wanted to emphasize.
⚫ Don't over-anticipate any Airdrop ⚫ Don't lean solely on the money coming from an airdrop
On the moment that you do find yourself having that kind of approach towards airdrops then better not to set yourself having those kind of anticipations because it will really be just that making that great frustration on the moment that you do expect too much but ending up on having nothing just because you have pointed yourself into a scam project or simply doesnt pay or ending up on getting those funds on which they were given but doesnt have that value.
On the time that you do deal up with airdrops then it would be ideal that you should make it as a side job but on the sense that you wont really be that be that expecting for some assured profits because this isnt something that could happen everytime.
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Betting on favorites or upsets?
There is no guarantee that your favorite team can win or lose, it's all gambling that is generated solely on the basis of your own luck and good fortune, there are millions of people gambling every day placing their bets on their favorite team, What you get is that you lose without producing anything, gambling cannot be analyzed, if you just apply strategies, predictions and the like, it is possible, but there is no guarantee of winning or losing. I gamble do it with what I have, but I can't guarantee my own bets to make real profits, but at least I've done it, anyway I bet on sports betting not looking at the favorite team, I bet on the player's guidelines, field conditions and so on, if I win luck and profit for me, lose my luck doesn't improve, that's all. If favorites would really be always have that good winning chance then people or bettors would really be definitely be sticking into this option because they do know that they could make money out of it. Yes, it is really that partly true on having this kind of perception about things because we know that favorites are really that obviously the team/player which would really be that likely to win up but we do know that not all the time it would happen on which upsets or underdogs could really beat up those top tier teams or a certain player/fighter etc. This is why there would really be those moments or times that you would really be having those thoughts that there might be an upset. This is where analysis would really be that relevant on the moment that you do find yourself having those kind of considerations that you would be betting with those underdogs. This is why it would really be something situational into this kind of aspect.
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The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer. And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.
The market respect no investor so we take an entire survey of the market before going all in. Bitcoin will remained the ultimate target for everyone and we shouldn't bother for other activities but bend more dealings with the system. We can't have full control of bitcoin but we can actually make it work towards our strategies and expectations, we just have to stick to the disciplinary principles that will emerges to growth. Well bro. Overall market situation which is limited to price rise and downward as a normal investor you should stay in regular buying. Accumulating bitcoins through DCAing can also add peace of mind to your future. Increasing your bitcoin buying in line with your income and taking care of that stack should keep you going smoothly for a long time. But of course when it comes to buying and on how much you would really be putting or investing will really be that definitely be depending on certain conditions too specially if you are really that holding for long term or would really be going for short term. For sure you would really bet hat minding about maximum profitability on which you would really be that trying out to the possible bottom as much as you could on which its a normal approach to have. On the moment or time that you do make investment then of course you should really be that investing on the amount on which you can afford to lose. Dont rely your future on it though because there's no such thing about assurance when it comes into this aspect.Everything would really be that still depending or basing up on how much you would really be considered on buying up things accordingly but it would really be that somewhat risky if you do have those kind of views about being that giving that good life once it would be making up such increase. Invest on what you can afford to lose and never ever rely on it.
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I see a lot of traders who fail in this field, because they do not have patience and consistency in learning, that they are successful traders who study for more than a year or even two years so that they can have the ability to analyze the market and can have their own methods in making profits from trading. Many who have just learned one month to one semester they give up and no longer want to trade, please note that naturally fruitful trees are trees that grow with a long period of time so that they can bear heavy fruit and can provide benefits for both the owner or others.
Don't give up quickly in trading, there are many mistakes that you have to take lessons from, walk slowly and with principles in trading with risk management that you can control and not overdo it so that you can take advantage for yourself.
Focus, be consistent, learn from your mistakes and think that building an empire takes time.
What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.
There are a lot of reasons or factors that lead to failing as a trader which some of them are very detrimental than the other and they contribute heavily to the failing as a crypto trader. 1-Lack of proper knowledge about how the market work (Technically know-how): Most of newbie comes with the mindset of making fast money abandon the actual process of learning how the market work first before capitalizing maybe due to the fact that they have been blindfolded with the profit others are making from it without them realizing a lot of effort have been put in place to achieved this consistency. Trading is not get rich quick scheme it a gradual process even if you become profitable you have to be graduating from making a $50 to $100 and to $1000 you can't cheat the process. 2- Discipline: A lack of discipline as alot of detriments among them are deviation from path to success and achievement due to unable to be persistent about someone's goal and this making it harder to overcome obstacles and resist distractions and temptation. Been discipline is one of the most hardest thing to do and spontaneously maintain in trading we can just manage to be disciplined but we can't totally beat it down, we are human prone to errors and mistakes in terms of trading, state and define your goals and follow it religiously. 3- Risk management: state and define your goals in monetary terms know your risk appetite don't enter trade blindly define how much you are willing to lose. 4- Trade management: define your entrying and exit point in market don't mismanage a winning trade to a lossing one. 5- Psychology: have a balance emotion when trading and for you to have a balance emotion while trading you have to consistently put the above mentioned into practice so well. Im pretty sure that i have seen this post somewhere. This is why i could say this one is copy pasted. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
Going back into the topic in speaking about failing in trading then it would be normal that there would really be failures yet we cant really be that a perfect trader on whose do have that kind of approach that having that profitable trades all the time. We should bare up in our minds that this cant really be that possible and it would never been that good to have those assumptions that trading is really that easy. The thing on here is that you do make yourself wary about those losing probabilities and never ever make yourself that becomes delusional, because on the time or moment that you do make yourself having this kind of approach on things then it would really be bringing out that kind of disappointment on the time or moment that you do find yourself on a losing situation. Sustain and survive on which dealing up with unpredictable space is never been easy and would be challenging but doesnt mean that it would really be that impossible for you to have such profitable situation. It would really be depending on how well you do make yourself on doing trades.
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It depends on skills. Good trader may be a poor gambler and vice versa. Trader may gamble of course for fun rather than for the reason to make profit.
A good trader is also a good gambler. I don't mean gambling in casinos but in the trading itself because the risk on it is also high as gambling in casinos, and we don't know, maybe there are some traders who are also good at gambling in the casinos? Gambling is primarily made for the people to have an entertainment but we also know that many people tries to profit out of it. A trader is seeking for money, so there is also a good chance that they are among those people who treat gambling as a profitable activity. But I think the confrontation of both activities is laboured a bit.
Not just a bit but requires much of it because each of them is not easy, although it is still very worth it because high risk do also has a high reward. Trading could become gambling depends on what kind of approach you would really be having towards it, but actually both things are totally different.It would really be just that not that right if you would really be having that kind of gambling approach on the time or moment that you do deal up with trading. Entertainment and invesment is never been that the same thing, which it would really be just that right that you should really know on what you would gonna supposed to do on the things that you are really that dealing or involving with. It would really be just that impossible that you cant really be able to make yourself having that awareness on how things works and on how to make yourself deal up with something according into the risks involved. How to make good profits? In trading then it would really be that depending into your analysis and with some mix of luck and with gambling then it would really be heavily bias about being lucky. On the time or moment that you do make yourself having that involvement then it would really be impossible that you wont really be able to point out on what are the things that you would gonna need to do.
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The German time of dumping bitcoin is over and I think it is very clear now after bitcoin has been on the uprise for some days now. There are always moments like this in the market and the market has to obey times like this. As this may look not good for future prospects of what many people believed will be of bitcoin by now, it is now an opportunity for people who haven’t reached their portfolio target or wants to take advantage of this opportunity to own more bitcoins in their custody. Bitcoin will move more in price and when whales like this are off the market, it gives a pathway to a non-stop uptrend market which is what is being anticipated at this point in the market.
On the moment that we are seeing some potential selling pressure or sentiment in the market then it wont really be shocking that there would really be those selling sentiment on which it could happen or not. We've seen that German government did make that dumping then what happened? All of those coins been sold were bought back. So whose the one who had catched all of those coins being dumped? Neither those institutions or simply the investors or community itself. Look at on the current price we do have now on which it did make out some recovery as of this moment on which you could really be definitely be able to say that they are already making up those regrets on selling up their holdings or possessions. LOOOL! This is what happens if you wouldnt really be holding up your coins specially Bitcoin for long term aspect neither you are government/institution/individual. Well, we do have our own decisions in life and different approach then just let them be.
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There is a current trend in my country where parents are doing everything financially possible to give their children the best education. Some parents have gone to the extent of selling properties or taking loans to send their children to some of the best schools in and outside the country. I have spoken with some of them, and the reason they give is that this child will get good jobs and take care of them in the future.
I had to bring up this issue because most of them are becoming disappointed and depressed. In my location, children are seen as an investment because they have the responsibility to take care of their parents when they are retired, old, or unemployed. So parents will want to invest high in education because they think it will bring high returns. Many of these students who attended prestigious schools end up becoming unemployed and are still depending on their parents to survive. I also assume that many of them regret going the extra mile to give their children the best. They have lost money and are also in debt but their children are still dependants.
Do you think parents should have a limit on the amount they can invest in their children?
As a paprent then giving the best for our kids or children is something that we do really want to do. Why? because we dont really like for them to experience that hardship and thats why as much as we could then we would really be doing our best on providing on whats best for them,even if it means on giving it all and its something that you cant really be able to stop for parents to give it all on which it will really be just that a normal on what are the things we would do as a parent. Although, the point above is really that indeed valid because on the time that you would be giving it all without moderation and control, or into the moment that you have forgotten on securing out some health insurances, life plans or something like this then you both husband and wife would be having a hard time or simply would be messing up on the moment that you do get old. Yes, its true that our kids would really be leaving us on the moment that they would be making their own familyand it would be just that normal that they would be going out into that called HOME and wouldnt really be even sure if those kids will really be looking back into their parents. This is why its important that you should really know on how to set up your savings or insurances at least.
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Solana has surprised many people without unexpectedly becoming the most popular coin and becoming a trend in 2023, 2024. Big profits for free sell followers, massive increase in Solana has succeeded in becoming the top coin on the blockchain and has attracted many investors because it has a goal in the future.
Actually, Solana was already a good coin even before but its hype were only on and off. If you are surprised, then that could mean that you are new in here. Big profits doesn't come for free at most times and even if you only join an airdrop because many airdrops now requires some capital, in order for one to get started. Investors aren't only limited to those who buy a coin but they can also be the people who creates a project. Indeed it attracted lots of them but I believe that many of them are only chasing the hype. They don't totally focus on the Solana coin itself but mainly to the meme coins because they think profits there are much quicker. Wayback on which solana is really just thats itting around $40-60 price then it had already made out some hype on meme coin based on SOL platform on which those decentralized exchangers does have those tons of different metas of sol based tokens, even up to this moment on which the hype is really that still on. This isnt really just that only on SOL platform or chain but also in other L1's as well. The main concern on here is on how you do invest with these memes whether you would be having that gambler like mind or would be having that different approach? It would really be that so risky on dealing with memecoins and we do know the probability in terms of blowing your entire capital in a short span of time on the moment that the project would turned out to be a rug. This is why you should really be that mindful about on the field that you are taking.Yes, it can give out that kind of good reward but on the time or moment that you do find yourself having that kind of confidence about making money then it would really be bring out that kind of disappointment on the moment that you do experience shit conditions. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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