If you think in this manner then you won't make any investment. I had some cash with me and the my mentor said I should not just lavish the money but buy Ethereum with half of the money and it was around $1908 which means now I have double the money even if I decided to cash out now, this means you just need to take the step
dare to take steps and dare to take risks but with a measured analysis, and even then sometimes we are still toyed with emotions, therefore by being able to control emotions in any situation, then we will be safe. at least we know if bitcoin has decreased it is a sign |
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In my opinion, if one does not like trading, then it is better for him to move away from here, otherwise there is a high possibility of loss. Trading is a detailed matter where a lot of talent has to be exercised. Here if any one get the advantage of trading then he or she will never quit. So very beginning you should have to learn.
Of course, what are still here are people who can survive, if not, they may have left here to learn a lot. It seems that many already know that trading must be practiced, so we realize that everything requires a process to get success. On the way, of course, we can feel happy and sad while trading, and we must continue to learn, so that we are comfortable with that reality |
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Starting point is a big challenge when it comes to Investment. There are people who find it difficult to start up an investment because what they have is not large. Start your investment with the little you have it will go a long way.
Expectations to have something big to start maybe delayed. Do you know what point you would have reached if you had started with the little which you afford?
It's good to start an investment with little money so when you lose your money you wont affect by it too much. Dont use big capital when u just enter an investment since your experience not much. If I started with my little funds from ten years ago and I go all to bitcoin and now maybe I will become a millionaire  experience is the best capital in investing, regardless of the amount of capital. with the capital we have then we can start trading, even in small amounts. most importantly we can manage risk and to be able to do it, we must increase our trading experience, automatically we will understand the problems in trading and how to solve them for ourselves, so that we can feel comfortable in trading |
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Anything that has something to do with technology will be an in demand no matter where you go, you're only limited with where you're from and how is the labor laws and wages in your place. I think a proper preparation for the future is like the best thing that you can do as a person that wants to lead a fulfilled life especially with a capitalistic society, it's going to be a difficult life if you're poor.
especially with the current digitalization era, technological developments are always a good business opportunity. especially in the future, I think this will continue to grow, just like cryptocurrencies, if we knew we would have invested as much as possible. and of course there will be other technological developments, and we must be good at reading opportunities |
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They might be declining, but they are still high and I doubt they will fall down to a point where it wouldn't be a good investment. The thing is, I don't see BTC is competing with real estate when it comes to investing. They both offer solid options depending on what your goals are. An to be fair, real estate has one up on BTC investing as you can use it for some time and not lose much on it, so that is a big factor for some people.
Investing in real estate needs a huge amount of capital which is only rich people can afford this but in Bitcoin, we can make use of small funds which even poor people could still afford to risk a few bucks out from their budget. But if I have enough capital, I'd rather choose Real estate for long-term investment as this never happens that it losses its value instead, it is growing yearly (and less risk). While investing in crypto is the 2nd option, can be very profitable in the short term especially when you are in perfect timing. Anyways, they are both good investments OP. It is just matter of how we manage our chosen investment and have to choose where you feel you are good at. both are good investment tools, but have different characteristics. if I have a lot of money, then I will choose both to invest, but indeed most of the capital I will put in real estate, because for me there is less risk and prices will definitely go up every time. different from bitcoin which has fluctuations, but can generate fantastic profits |
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In a situation like this, for me personally, of course, I have to be extra careful, because the market has gone up quite high, and we don't know when it will saturate and eventually there will be a correction. Therefore, placing a tight stop loss will help us to minimize risk, and for me short-term trading would be more appropriate for this situation.
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I Think book is beautiful source to learn trading. When you Start trading Then you need to know how to good trade and you need to proper trading skill.You can learn from article books and YouTube videos.And you can learn experienced trader from his/her.For me,Newbies to suggest You can long trem holding and i think You can get good profit from it.
I think nowadays we can learn from anywhere and there are many platforms that we can use to learn, such as Youtube and social media and both platforms can be said to be effective for use as a place to learn, in today's development when we want to learn we don't need to have a physical book because at this time there are also digital books indeed, having videos on youtube can facilitate us in learning, of course it's easier if there is audio visual like youtube. and I think there are many books about trading that can be studied, on the other hand, psychology books are needed to regulate our emotions when trading in addition to books on trading techniques |
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I think both are good, depending on our first mission whether to hold on to it long term or take advantage of it now. and I think there is one more option, which is to take some of the profit and leave it to hold, so that our psychology will be calmer in dealing with market fluctuations, The most important thing is that this decision comes out of yourself, so that there will be no regrets later
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Trading doesn't work on emotions I think, it is completely a different type of business in which keep calm is the only key to get into more profit, some traders just losses their money due to being so much desperate, which is a sign of loss in trading, getting into desperacy leads traders to impatience which results in loss during trading.
on the other hand, they do not have enough knowledge in cryptocurrency trading, and tend not to have enough experience, so panic sells are prone to happen to them. greed often arises and makes the mind confused so that the planned strategy is not carried out properly. therefore it is necessary to learn and process in this business |
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I think if an altcoin is promising, then it does not need an altseason, but in general, of course, I am waiting for this, but for some reason only the top 10 CMC show growth dynamics, or these are my subjective observations, I think by the end of this month we will see new ATH for altcoins.
It looks like it has indeed happened for some of the altcoins in the last month to have reached renewable ATH. so it is true that altcoins are currently on the rise and will likely be until the end of this year. it seems that many new coins have also participated in the altcoin movement scene in CMC/CG so that the top 5 rankings don't seem to change but for ranks below 5 there are always changes. and the good news is that what is growing is coins that have not been looked at and new coins. There are several new coins that have become the center of attention, such as the shiba inu, where the fantastic increase has made many people enthusiastic to follow its development, this of course makes people interested in following this euphoria. but we have to be careful in taking profit, because any time a crash can happen |
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Criminals prefer fiat because they find it faster and easier without accessing anything on the internet. They see it as less complex that they could do transactions even without the use of the internet. However, some modern criminals prefer using cryptocurrency because of the anonymity that it provides. Traditional criminals aren't knowledgeable about cryptocurrency yet.
especially if the criminals are on an international scale, of course they will be more practical when using crypto money. Therefore, many international drug syndicates use it, and this is also the focus of the government so that it becomes one of the reasons for not regulating money |
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Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.
If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
But not all would really be that capable on buying out everything that they do have in mind which means waiting will really be next in line because not all would really be financially capable on doing so. Yes, you do really need certain things and since we do talk about Car,House and equipments which turns out not to be cheap then this is why people do really need to save up before they would able to attain and that what makes them took longer which is understandable and we shouldnt really rush them up because we arent always the same when it comes to finances. In essence, everyone must have a future life plan, just like a house where there are still many disadvantaged people who don't have a home, so they have to save to make it happen. but it would be better if they invest, so it will be more helpful to ease the problem of financing. and to manage it we must have good financial management |
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Just started to learn about DeFi, and a question arose.
Fiats have a loan mechanism. Manufacturers use it to improve their production.
Is there something similar in crypto? How does it work then? And are such services in demand? Do manufacturers take loans in crypto?
Isn't that killing DeFi idea? Is there a future for loan mechanism in crypto?
Thanks everyone in advance for the answers.
Loans in the world of cryptocurrencies will most likely work in a way similar to the way they worked for a long time, basically you will need a collateral to get a loan, this means that many people will not be able to obtain loans, but is it not that the case already with the traditional economy? And while some may think it is unfair it is not, a great deal of the loans today are given for consumption and not for anything productive by itself, and it is one of the reasons why the economies of the world are in such a huge trouble, so a return to a more simple system will be welcomed by me at least. in the traditional banking system there are some loans that are unsecured, such as credit cards, where we are fully responsible for our good name to a particular bank, and this does not require collateral. while in crypto we see in several exchanges that bring up images of master cards |
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Trading is risky all the time. Because you can get profit through trading and you can also lose money. And if that money of trading is borrowed, then it is more risky. Because even if you have a loss in trading, you still have to repay your loan. Then it will become much difficult for you. So trading should always be done with extra money so that even if you lose your real life will not have any effect.
for those who do not understand trading, because they are only tempted by profits, borrowing capital for trading is very risky, but it is different for people who already understand trading, of course borrowing this money is the same as we need capital from banks for our business. and I think that's understandable |
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We spend most of our time accumulating when it should be on being content, we should seek contentment and happiness if we seek these two we will have peace of mind and we will not work so hard to accumulate more money which is just to sustain our desires, money cannot buy happiness and happiness comes from being content and this is by having a simple life.
Contentment and satisfaction are definitely hard for a human being to be realized because we are born with greed. So its too far to find happiness and contentment if you yourself can't control the greed. But yes, if we can live a simple life without wanting those unnecessary desires in life, then we can be contented with just a small amount of money and still find happiness and peace of mind. Although money is considered very basic these days, but it should not end up like worshipping money and wealth because of our own desires. Everyone needs a balance between the physical and the spiritual. when people forget the time to pursue money and wealth to fulfill their desires, a religious balance is needed that can remind us to always be grateful so that we will remain calm in living problems in life, we do not deny that greed is human nature, but we can control it so that don't control ourselves |
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I guess the biggest reason for me is the banks. I am not actually against fiat neither, I am fine with fiat, the "idea" of fiat is not a bad one and I am fine with it. The problem for me is banks and I do not like banks. Which causes me to withdraw all my money from them all the time. With crypto I was able to actually end up with putting all my money digitally but not in a bank, that option was the greatest thing. I can't wait for the day when I could use crypto everywhere and I would not need bank.
There are some "cards" that we could use right now that would make it possible but unfortunately I do not use them just yet because they are not working in my nation. However the moment it works in everywhere around my nation then I will be forever non-fiat and will be full time crypto and that way I will be able to pay everything and get rid of fiat in my life.
I guess you really had a bad experience with fiat and banks that you really want to get rid of them totally. For me, i'm not against with fiat because we really know how useful it is at the present but knowing it can be fully controlled by the government or the banks, then definitely from there its value was lost. However, with crypto, we are the owners of our own banks. So we all have the full control on it and there's no chance that it will be interrupted by the government or a central bank. And with crypto, there's a lot of chances that we can generate more profits because its also being used as an investment. that's what makes crypto better in our eyes than fiat, but what is beyond our control is the eyes of the government that have not been opened like elsalvador, where the government has other views on cryptocurrencies, so it requires a long journey to fight for it. but along with the times, I think it can be resolved |
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I think it's never too late to invest. and if we are good at analyzing, of course there are still many new altcoins that have the potential at low prices, but indeed this will have a higher risk. Just like yesterday's Goma Finance, which was up to thousands of percent, if we can use it, of course we will get a satisfactory return, but to analyze it is not easy
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yes I use technical analysis to take transactions. for me there is no best strategy, depending on which strategy we are comfortable using, I think indicators can help us to get signals, but also everyone is different in the comfort of which indicators to use, and of course we must be able to know how to use indicators correctly
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most countries today don't seem to need bitcoin in its entirety. but it is undeniable that cryptocurrencies can help the economy of individuals in each country. many people study crypto to change professions or find additional income, and now there are countries that have started to fully use bitcoin, but I think it still takes time for big countries
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There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
Well it's true though it's need time to recover like year 2017 when bitcoin touch 20k and suddenly falls so hard and made many people panic, but now I saw people already learn from the past when bitcoin price fell because there's bad news about bitcoin but many people buying a lot when the price around 40k and made it a strong resistance. Keep calm and Hodl  even now bitcoin seems to be recovering faster because many people think that this is an opportunity, so they are looking for strong support to find a place to buy, until finally itcoin goes up in price, we can see since bitcoin formed a new ath this year |
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