Investing is not an easy task. It should be understood that without preparation it is quite difficult to get the result. The investment process itself requires knowledge and at least minimal experience in working in the market.
And even you've got the knowledge you want to attain or at least the basic one, don't overexpect. That's where many investors have caught wrongly. They expect that they'll get the best result and they are picturing it out based from what they think with the little knowledge they have acquired. An investor can mean anything to different people bu if were to look at it in the context of disussion, I will say that a true definition of an investor is a person who is ready to swallow his mistakes and learn from it, they cry over when they lost considerable amount of money into loss, they always invest another money into good coins no matter what and never give up.
It's already within that a real investor has learned a lot already from the mistakes that he has done. |
|
|
|
Nothing beats holding, honestly!
Those that have never hold will say that it's useless and will rely on day trading. Well, you got to experience the presence and essence of holding and trading.
In the end, you might say that people who have been suggesting holding are right on what we're saying because it's unbeatable strategy unless you allow yourself to be out of patience.
Seriously, I have never stopped believing I can hold even though I know how much I struggle to. I know I have to learn to discipline myself more and avoid spending on other projects, before making a concise budget that would include an apportioned cash for my preferred DCA strategy of investment. I know how difficult it would be and would learn the patience to endure market volatility inorder to achieve the goal which is time frame driven. It's difficult to hold because we see the price plummets and that affects us emotionally. But those who have experienced it can say that it's worthwhile. That's nothing beats this strategy and partner it up with DCA and you're all good and just effortlessly going to wait for the right time but this isn't for all, Bitcoin is the most applicable crypto to do this. While some alts can be said of good hold but in confidence, it's best with bitcoin. |
|
|
|
|
Price increase of what?
If it's just all about a chatbot where it will answer questions related to crypto then it's efficiency is all about being answered quickly with a good accuracy.
I don't see anything related to it that can increase the price of specific token that will benefit from it. If it's an API that's being integrated to Binance academy then it will make things easier as it automates the questioning and answering.
|
|
|
|
|
Nothing beats holding, honestly!
Those that have never hold will say that it's useless and will rely on day trading. Well, you got to experience the presence and essence of holding and trading.
In the end, you might say that people who have been suggesting holding are right on what we're saying because it's unbeatable strategy unless you allow yourself to be out of patience.
|
|
|
|
it's also good time to judge those coins that don't have quality usually they tanked so hard that they gonna gets delisted from various exchange or even in the brink of getting delisted, therefore you've automatically put them out of your list of investments usually.
And there are still people that are interested with these type of coins. Despite being delisted in the exchanges where it was listed, there goes these people that still give interest on it. Because they think that it will eventually go up again and might give them some decent profit once it goes on a bull run again. But, if you're into this, you're much prone into losses instead of making profits. |
|
|
|
Well, I guess even if you're in the hardest situation even with a few bucks then you'll be able to save.
But as you've said, this varies per everyone's situation and if you really can't and unable then there's no other option but for you not to. Or else if you want to, you'll find a way and another source of income for you to have that allocation.
That's right, if you're a resourceful person, I doubt that it's impossible that you won't get an allocation for something you need. Especially in our time, it is not possible to be lazy, we need to be strategic in getting sources of income that don't just focus on one source, we should have more than three sources, even if it is small, at least we have some income coming in. Being lazy at these situations is going to bring you nowhere. You're just wasting the time that's passing by by doing nothing and by being lazy. Unless you're rich and you've got passive income, well, you all have the means to become lazy or at least they call it a rest day or a vacation. But if you're not into that situation, you have to do something that makes you at a better situation and will help you to finally save at least any amount everytime you receive your pay check. |
|
|
|
Well, no one has the accurate answer why we've got the pump. And when the price corrected, we also don't have any idea why it had happened.
Well, it's not exactly like that. We can speak in terms of probabilities, since correlation does not imply causation but neither does it preclude it. In this case, it is difficult to know and a priori it does not seem that the return of Binance to Russia is determinant for the pump, but there have been other cases, such as when mining was banned in China, where there was a price drop and we can assume that with great probability it was caused by it. Yes, that example you've given did really had an impact to the market before. Maybe yes, this could be the one of the reasons of the pump that we've got. But then, it's not that accurate at all or I think it's better to say that it can also be the one since the market is still affected whenever some good or bad news has come. |
|
|
|
The answer is No! There's no way shib Inu will ever get to 1$ for each. That's practically impossible to achieve that price. Like someone said, it will not even be possible to get 1 cent let alone 1$.
But what is possible is that during the bull run, there might be a pump for shib as usual.
We don't gaslight those that think that it's possible because it's not. Someone has to be realistic with how they see things with such projects. You don't see the supply? Well, that will speak a lot if it has the potential that it will be $1 or not. We need to accept that fact that those who owns shiba and hopes of it going to $1, it won't. |
|
|
|
|
Well, no one has the accurate answer why we've got the pump. And when the price corrected, we also don't have any idea why it had happened.
But we're just all having that thought that the bull run is about to happen and that's why even if some correction do happens, it will just recover completely and fastly.
We need to be cautious at these times because we might not see these prices again once the bull is in.
|
|
|
|
I'll choose Tezos.
I'm into staking coins and that's why if I'll choose, I've known more Tezos than Osmosis. Looks like Osmosis is also a good project but I haven't yet done my whole research on it.
I've just based a few details on its website and on its ranking through coinmarketcap + the volume it's got.
Hello, Thank you so much for your reply. The Osmosis's current staking reward is 20.07%, but Tezos is 5.87%. What is the goal of Osmosis and Tezos projects? Yes but eventually the more people that stakes Osmosis, it will drop down eventually. I'd take 5.87% of stake for Tezos and that's realistic to me and I've got no problem if it suddenly drops some more. And to know more what they are up to and what are their goals, you can visit their websites and read some info there. |
|
|
|
Yes, with the inflation keeping up as well. Saving is becoming more than a challenge but then if you have a will in doing even in the least that you can.
It will be quite challenging if you want to save up for now, of course there are urgent needs that must be met, and that's what I feel myself for now. Indeed saving is quite important, but we must also be able to see our situation first, if it is not possible it is better not to save. Well, I guess even if you're in the hardest situation even with a few bucks then you'll be able to save. But as you've said, this varies per everyone's situation and if you really can't and unable then there's no other option but for you not to. Or else if you want to, you'll find a way and another source of income for you to have that allocation. |
|
|
|
If your intention is to enroll it into their earn feature, you gotta take the risk but I wouldn't say that it's the safest place to store your stable coins.
Staking into exchanges has its risk and that's why we always say that don't store your cryptos in exchanges. While there are options that's giving you the choice to generate your private keys in wallets.
It's better to stake in there than to exchanges that gives no private keys to your holdings. There are desktop wallets that also allows that and that's safer IMO.
The biggest downside of staking through decentralized platforms are paying high TX fees. Hence, centralized staking services are much more convenient for those who "don't want to break the bank". Depending on your needs, would be the type of platform to use for staking stablecoins. One thing for sure is that stake rates on stablecoin deposits are not as attractive as those offered by native PoS coins. You'd earn a lot more money staking traditional PoS coins than just staking stablecoins. Yet, this comes at a high risk since PoS coins are often volatile at times. I'd diversify my investment between stablecoins and PoS coins to help minimize as much risks of loss as possible. Who knows if acting early will lead you towards untold riches in the future? Just my opinion  Those are things that needs consideration and yes, it all depends on your need and what you think about cex and dex staking. But then, we've got a lot of option and it all sums up to what you're holding right now. If you're still on the plans of taking yourself into stable coins and earn from it. There are a lot to be considered by then, as said, depends on your risk appetite and need. |
|
|
|
Until now, I feel it's still worth risking stablecoins.
for now do you have a binance account ?, I think the safest place to stake your stablecoin is just by storing it in binance, you can also look at the earnings section there. if you keep it on binance then your income get and the risk is low. I think the binance platform will be recommended by many people because it is a safe place to stake Stablecoins that everyone owns
If your intention is to enroll it into their earn feature, you gotta take the risk but I wouldn't say that it's the safest place to store your stable coins. Staking into exchanges has its risk and that's why we always say that don't store your cryptos in exchanges. While there are options that's giving you the choice to generate your private keys in wallets. It's better to stake in there than to exchanges that gives no private keys to your holdings. There are desktop wallets that also allows that and that's safer IMO. |
|
|
|
Especially in college, there's student's loans and they need to bring it with them until they graduate and find a job. There have been techniques of saving and saving a portion of 20% of your salary/income is a good practice.
But usually, it goes by 10% and the rest goes to expenses and everything and stuff that you need. Then, any amount or percentage you're able to save is actually a good progress because there are times that it's hard to do it.
Not a bad strategy. But in times like these, it's hard or almost impossible to save money because of ever-rising inflation rates. That's because you'd lose purchasing power with your Fiat in the long run. Banks' interest (savings) rates are pretty low compared against current inflation rates, so you're basically earning nothing in return. Bitcoin and Gold are better options, but they're often unstable at times (especially Bitcoin). The OP is free to decide what to do with his money in the long run. As long as he doesn't spend more than what he earns, nothing could go wrong. Just my opinion Yes, with the inflation keeping up as well. Saving is becoming more than a challenge but then if you have a will in doing even in the least that you can. You'll still find a way to save even in small amounts. And I do agree that if you think that it's no use to save money in fiat then you alter it into DCAing through bitcoin. |
|
|
|
|
I'll choose Tezos.
I'm into staking coins and that's why if I'll choose, I've known more Tezos than Osmosis. Looks like Osmosis is also a good project but I haven't yet done my whole research on it.
I've just based a few details on its website and on its ranking through coinmarketcap + the volume it's got.
|
|
|
|
Hello everyone,
I’ve lately been trying alot of different ways to start making money but something in me tells me trading could be really fun and exciting to get into. Unfortunately I can’t afford to invest much right now so I’ve managed to invest around 20$ to get started. I’d really appreciate if you all could let me know if what i am doing is worth it or am I just wasting time?
Kind regards,
Human
Any amount to start with is a good start. As long as that amount is acceptable in the exchange as the minimum or more than that where you've been trading. Don't be discouraged if you're thinking it's quite low or others think that it's low. What matters is you're trying and you're just testing the waters as long as you're willing to take risk with $20. |
|
|
|
HODL.
Four letters but could really change your life if you become consistent with it. And while holding, DCA. Three letters but also one of the best strategies that can be combined with holding.
You decide.
We've decided already and we're doing it because of how we experienced it in the market. There's no regret on my part.
You would definitely regret if you do sell cheap. We are still on a bear market i should say or onto that consolidation part on which bull run is still bound to happen in next years. Therefore it would really be just that sensible that we should really be that accumulating while its still cheap because if you do make yourself get left behind then you might be ending up on whining just because you had missed out on buying while its still down. I guess we're no longer in the bear market but the chance of going and transitioning into bull run is higher. Well, on this matter, to each their own. If OP or someone out there has made a profit, they can sell anytime they want especially now the price is getting higher. But for sure that many will feel that there's more to this increase and it won't stop from there. |
|
|
|
|
HODL.
Four letters but could really change your life if you become consistent with it. And while holding, DCA. Three letters but also one of the best strategies that can be combined with holding.
You decide.
We've decided already and we're doing it because of how we experienced it in the market. There's no regret on my part.
|
|
|
|
Apart from that, it is also important not to give up after experiencing failure in investing in crypto. Instead, crypto investors must learn from mistakes, evaluate investment strategies and continuously adapt to market changes.
I've got friends that have entered the crypto market during the bull run, and this was the other bull run from 2017. And when they've witnessed the traumatic bear market of 2018, many of them stopped and didn't proceed because they think that the market was a sinking ship and there's no way that it will recover. But then, a few of them approached me back and said that they're willing to enter again and wanting some advice. I've told them that they've got experiences already and this market is going nowhere but way up even with ups and downs. |
|
|
|
However BNB is one potential altcoin so I never hesitated either,
BNB will continue to grow and the price will increase although we never know exactly when that will happen,
it seems clear that it is only a matter of time.
That's it, we don't know what will happen and the future of BNB is also depending on its mother exchange which is Binance. Well, it had became a strong altcoin when its exchange had become popular. Also, it had became like Ethereum for having mainnet and its own chain that hosts other projects. Yes, it has the potential but don't be too confident with it because this market is too volatile and with some bad news, a fall can exist all at once. |
|
|
|
|
Show Posts
