It's easier to hold Bitcoin at unrealized loss instead of hold Bitcoin at unrealized profit because I trust 100% with Bitcoin, so I believe whenever Bitcoin price falls, it will bounce back in the future. However when Bitcoin price at unrealized profit, now I don't know when should I sold my coins.
I've never sold my coins, I'm planning to flip my coins to sell at the top and then I will buy it when Bitcoin price in bear season.
Bitcoin prices falling is not a special event. When the Bitcoin price decreases in value, there is a greater chance that the Bitcoin price will increase further. Because we have seen in the past when Bitcoin dumps then we see a big pump in the Bitcoin market. This aspect of the Bitcoin price pump is what separates Bitcoin from all other coins. If you plan to invest in Bitcoin and decide to hold it for the long term, learn to enjoy the time without panicking when your Bitcoin dumps and the decision to be aggressive in investing will not prove wrong. If you can afford it, when the price of Bitcoin goes down, it is good for you to buy more Bitcoins at a lower price and accumulate more Bitcoins in your portfolio. So don't panic during market downturns and keep on buying. A fall in the price of Bitcoin means we are about to get a bigger one. Every Bitcoin price drop is not a special event for those who have not had time to take advantage of it at that time and for some people who have made a profit when the price goes up, of course they will take advantage of the moment to collect Bitcoin again and hold it again for a certain period of time to make a profit. When someone wants to maintain their assets in the long term, of course they must be patient and not panic with the price movement that is decreasing, but for those who have a good understanding of the Bitcoin price movement, of course they no longer feel panicked when they see the price decrease, but they will try to collect according to their abilities and maintain it in the long term. |
|
|
|
That you sold your bitcoin because of an emergency doesn't make it the right thing to do. You sold your bitcoin for emergency because you neglected some of the things you needed to put in place after you started your bitcoin investment. Had you had an emergency funds in place there wouldn't have been any needs for you to sell of your bitcoin. You can say here that you don't have any regrets for doing that here, but deep down you actually regretted doing it. The right approach for a successful bitcoin holding for a long term, is to start building up your emergency funds and reserved funds along side your bitcoin accumulation. If you have your emergency funds in place, you can always take money from there and fix your emergencies without having to sell your bitcoin way too early or in a premature stage.
I agree with you, many investors initially focus only on investing. But they forget to keep the necessary funds ready to hold that investment for a long time. And as a result when they face any danger, due to lack of emergency funds, they are Compulsorily to sell their investments. And selling holdings at that time may also cause them losses. Hence, an emergency fund should be created safely along with investments, which will help ensure our financial security as well as long-term holdings. If an investor only focuses on collecting their assets without making any preparation for their emergency needs, then they have taken the wrong step in running an investment, of course it is difficult to achieve the desired investment target, it is the most important thing when we choose to maintain assets in the long term to really use funds that we can hold in the long term and also prepare funds for emergency needs because we cannot know when we need the funds and if we have prepared, of course we will not have difficulty when we need them and will also be able to maintain the assets we have until we reach the investment target we want. |
|
|
|
Trading is risky you can make profit from here and also can loss a major part of your fund so you must have to take this opportunity before start trading. you shouldn't use big amount because you will not get any guarantee for profit from someone or yourself. that's why you should use such amount of money you are afford to loss. Do not invest that kind of big amount on somebody to give you profit regardless of how you trust them. Why I do not want you to invest that big amount is because trading is not guaranteed to be successful. That time that you give out the money might just be the moment that they get their analysis wrong or the market has other plans and all his efforts goes to waste as the market goes the complete opposite of everything that he thought will happen. The pressure of having others money for trading can also make him to not have his mind in order and does something wrong to make him lose the money. We should invest in ourselves by learning how to become a trader and use our own money to trade instead of depending on others for profit. When someone has entrusted their money to someone else to trade, of course they have known them very well and also know their ability to trade, but do not give trust to those who we do not know well how far their ability is in trading, of course the capital we provide will not be able to generate any profit. If you have not been able to find someone you can trust, of course it would be better to do it yourself with the capital you have and whatever results we will get from trading, of course it is more satisfying and if you have not been able to get good results, of course there are things that we do not understand well so that we experience failure in trading. Yes, it would be better if we do not depend on other people regarding trading and if we are not able to do it ourselves, it would be better if we had to spend more time learning so that we are truly ready to trade by getting good results. |
|
|
|
Everyone is different in terms of comfort and relaxation in placing bets, sometimes it's just like our imagination but what we imagine is comfortable for ourselves, but still control your emotions so as not to do excessive things.
Yeah gambling preferences is one thing that cannot be same with everyone, emotions is one generally big issue most persons has got over time, literally they don't have the strength to completely be in charge only a few persons are actually able to get that done and so they place their bets sometimes not because of they don't have the funds but the emotional imbalance affects them so badly, I literally suffered same sometimes ago, I ended up regretting not having the confidence enough to do what I believed should work for me. Of course, everyone has a different strategy in betting and even when they have won from the bets they play, some choose to stop and some even lose what they have won from the bets they play, if only they could control their emotions when gambling, of course they would be able to enjoy what they have got, but not everyone can do this when betting and those who can bet casually will of course be able to stop when they have experienced victory and also defeat in the bets they play. If you have lost your confidence in placing bets, it would be better to take a break from gambling activities first and after you regain your confidence in placing bets, then start betting again. Of course, this would be better than forcing yourself to bet when you lose your confidence in choosing the bets you will place. |
|
|
|
Gambling is a lot easier to access now than before. So it is no surprise if more people find themselves gambling. Unfortunately, not a lot of us can be responsible enough to prevent ourselves from falling into deep addiction. This probes the question, who are the most vulnerable to falling into a gambling addiction?
People who are most vounarable to fall into addiction are those who sees gambling as an option to eradicate poverty or sees it as a way of becoming rich too quickly. I had quite some numbers of friends who becomes addicted because they could hardly find a suitable job to leave the life they expected. After so many years of going to school and graduating without work cause them to become addicted. Because after finding several job and couldn't see any one they accept gambling as a second choice. Now gambling has become a pert of them even leaving it becomes a problem. Now even if they get a good paying job now they will still spend all to gambling. I can say joblessness and poverty is the most vounarable thing that Leeds to addiction. I agree with you, if someone sees gambling as an option to eliminate poverty or as a way to get rich easily of course it will make them gamble too often and of course it will make them addicted to gambling. When someone does not have any job and they choose to gamble of course this is very bad not to mention they will be addicted to gambling which makes them feel in many other problems after experiencing addiction. If someone who already has a job still gambles, of course they will regret it when all their income is spent on gambling and they will experience financial problems again as if they had not yet found a job. If only they could control themselves when gambling, of course this would be better than someone who gambles too often and has high hopes of being able to get a big win that they may not be able to get from gambling. |
|
|
|
 From the free bet I won on Liverpool & Chelsea '20 October and again placed a bet on Tottenham Hotspur vs AZ Alkmaar. finally Tottenham won with a score of 1 goal, I thought they would win easily but AZ Alkmaar gave a strong fight so this match was more intense and finally I also won the bet. |
|
|
|
A good trader should know how to exercise patience when trading in the market, because that is where some traders use to face losses in their trading, they believe that the price will not go higher than the current price. A good trader should have the knowledge to carry out her research before trading which is very important for good traders who want to make different profit from other should develop because you will notice something that will make you not to go ahead when the bear season occur, which you have to wait for bull season to occur before you can trade to earn profits.
Is all end up in a good trader should have understanding of how the market works. Market movement is what makes many traders lose their money; they don’t study the market well before taking any further decisions, and that’s why many of them will later regret their actions at the end. Some of them are not emotionally stable when trading, and that is why instead of making the right decision, they think if they continue leaving that trade they will lose the money. Instead of having patience and waiting for the right time, they are not doing that; they rather sell or close the trade quickly. patience is very important in trading, but many traders failed to understand, or maybe some of them use a large amount of money to trade that is they won’t want to risk too much. Understanding how the market works well is indeed a must for anyone who wants to trade and without understanding how the market works well, of course, they will lose their money when trading and regretting it certainly does not mean anything anymore, but they can use the experience as a lesson for them so that when they want to enter the market and trade they must really understand it well so that they do not make the same mistake again. When someone has unstable emotions in trading, it will be difficult for them to decide something well so that they miss some of the steps that must be taken and this will certainly make them not get results that benefit them when trading, having patience when trading is certainly very important because without patience, of course they cannot know exactly when is a good time to enter or exit the market. |
|
|
|
As an investors as long as you can produce money or build hotel, house for rent, to make more money then it is good, the problem is the decision making because not all investment are made to be successful some investment can make you poor if you don't make a good calculation or ways to earn more.
That is very correct, attempting or planning to build a hotel is not just the issue, one must consider lots of factors as regards to having a successful investment plan as to this regards, there is no really much point to compare both since they are not related, but however i will chose Bitcoin, with Bitcoin the only thing you will thinking about is is how to secure your asset and allow it appreciate over time and probably increase the size of your holding even though there is no guarantee but Bitcoin investment thesis has really shown that Bitcoin is indeed a good coin worth investing historically, but when it comes to hotel must say there are alot to be considered, yeah every investment comes with it's shares of lost or gain and at such one must make an informed investment decisions that will be personally convinced. For some people who already have sufficient funds and also the ability to manage a hotel, it certainly does not matter to them, but for those of us who do not have the ability in that field and also do not have sufficient funds, of course this is not the right choice for us to build a hotel and I agree with you, both investing in Bitcoin and building a hotel are certainly two different things and do not have the same relationship. When you choose to invest in Bitcoin, it would be very good if you can maintain it for a long time and continue to focus on collecting, of course, the right choice to look forward to the benefits of the investment, but everyone must choose according to their abilities in order to minimize losses from the investments they make and if they choose not according to their abilities, of course it will be very risky for them. |
|
|
|
What do you need to know is, they're only retire from their 9 to 5 jobs, but they're now "work" on their own business. They're stressing about the new upgrade, improvement, government policy, tax they need to pay, employees that want to resign, interview new employees, train new employees, new competitors, risk of getting scammed, risk of fraud, risk of someone ruin their business etc.
Don't being over proud over someone who have business, someone who never start a business will never know the struggle.
You are right people who have businesses that are successful today has undergo many process being difficulty in business or either one time failure and they bounces back to their stands were they currently are now, so those who don't own a business do not know what it takes to put up a growing business over the years and then retirement on their success when the business has stood better than previous. A person's success in running a business is certainly not something that can be easily achieved and also to be able to achieve success, of course they must struggle through all the obstacles that exist and also be able to rise from the failures they experience because not everyone can survive failure in the business they run, but when they are able to get through their difficult times in building a business, of course they will be able to achieve the success they expect and what you said is true, those who have never run a business are of course difficult for them to be able to understand well the challenges faced by every businessman until they can achieve success and also be able to retire according to their wishes because they have a business that has been running well so they can enjoy the results of their hard work. |
|
|
|
Exploitation of labor in poor countries allows people in rich countries to prosper and consume cheap and high-quality products.
The disappointing thing is most poor countries do not recognize this. My country compliments and regards other countries so much thinking that they are doing something we can't hence why they are rich. It is true that some countries have an advantage over third world ones but the way we, the locals, treat global products as if it is more superior than the local ones is an issue. We are quite literally allowing ourselves to be taken advantage of just because we see foreigners as the more superior people over us. We do have to be able to appreciate and acknowledge things that other people can do and we don't have that ability yet but we have to be able to learn so that we can change to be better than before and regarding locals treating global products as products that they excel at while there are still local products that have the same quality of course this is very detrimental to ourselves because we can still get local products with the same quality of course this will really help our own country's economy compared to choosing foreign products and making it difficult for local products to develop. At the same time, innovations turn out to be of no use to anyone because modern marketers have learned to sell goods without innovations, with minimal improvements.
The internet is also huge part of this. You will notice that as long as a product gets viral, it will be what people will sell. People quite do not recognize just how useless and stupid some of the products there are. But since it is going viral, everyone is expected to have it. Soon all businesses will follow and we are not creating anything innovative and unique because it is all just money these days. Technological developments will indeed make marketing easier and many products will be easily seen by everyone, but if we choose a product just because many people use it, this will be very detrimental to ourselves and when choosing the product we need, it would be better if we understand the function of the product we choose and don't let it be that after buying it we can't use it properly. |
|
|
|
Although those words are not quite right, if we examine further, there is nothing wrong with what the OP said that in certain companies many employees are treated like slaves without any progress in their lives to be able to advance further.
It is true as you said that employees are the main pillars for the progress of a company, but we must also realize that most employees do not have career development even though they have dedicated many contributions to a company.
I agree with OP to a greater extent that salaries are meant to be baits to keep workers working till the end of the month then another one is being paid. When I compared the Standard of living today which has skyrocketed. You can't fathom the fact that people are really under a kind of slavery or neocolonialism working for some sort of capitalists out there. This matter of discussion is mostly related to those working in private companies. In most countries around the world, it hasn't paid them right but plenty of these private company workers do not seem to have any choice of the situation rather than manage what comes to their table. When someone has no other choice that they can do of course they have to keep doing the job they have even though the income they get is not enough to meet the current standard of living, because if they do not do the job then they do not have an income that can meet their basic needs. If indeed as a private company you mean not giving their workers inappropriate salaries of course the company is still on a small scale and I think the company will replace the workers it has more often because very few people will survive with inappropriate salaries. |
|
|
|
Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?
The Bitcoin market is now at $60000 so we can see that the market has risen a lot. When the market reached $50,000 it was a good time to invest. Those who have invested can leave their investment if they want for short term. And if he wants to keep it, he can keep it. But since it is very difficult to understand the movement of the market, plan to invest from the instant market and hold it for the long term. Because we have a bull session ahead, we cannot prove when the market will increase, so it is better to invest from the position the market is in. But at this moment it is better to hold the investment than to sell because we have a bull session ahead and everyone predicts the market will reach 100k dollars so I don't give any advice except to wait. Investing when the price is still around $ 50,000 of course they have made a profit when the price increases and it is true as you said those who choose to invest in the short term can certainly take the profits they have made and I agree with you that it is difficult to know the market movement so choosing to invest in the long term is very appropriate in running an investment in Bitcoin. For now, it is better for us to maintain the assets that we have collected and if possible we must be able to continue to accumulate these assets according to the funds we have and in the waiting process of course we must really use funds that we can maintain in the long term in order to achieve the target we want. |
|
|
|
Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding. It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.
Newbie traders think they have known everything, and they think they are qualified to be able to trade on their own. Some of them think seeing another person win will make them also get the same risk, and this is something different. Trading has a lot of risk that needs to be studied. Some of them failed to learn the basic knowledge of trading, although even professional traders lose, but the professional traders know how to manage risk and other things that will not cause them to lose too much money in their trading, which newbies did not know. When a beginner thinks that they already know everything about trading well, of course they have made mistakes and as beginners in trading, of course they must be very careful in entering trades and it would be better if they had someone who already understands trading well who can accompany them when they first try trading. Yes, you are right, in trading, of course there will be many risks that will be faced by anyone who does it and it is not uncommon for us to see those who already understand trading well still experience failure, but the failures they experience are certainly different from those experienced by beginners. |
|
|
|
For you to be able to make fine profit in DCA method of investing you need to be consistent with your investment, consistency is not what is hard to put in practice in the DCA method because you do not need to invest with the amount of money that will be a burden to you financially, but just with the fund you can afford. In DCA method you don't need to save money to invest, you can as well invest the smallest amount of money that you can afford at the moment, no need stressing yourself to save up a certain amount of money before you can invest in bitcoin.
That's why a new investor should adopt some more strategies, because he has to take the initial risk and buy Bitcoin first. And after that he will spend the basic expenses of his family and buy bitcoins with the money left over. In this way, if the investment can be sustained for a long time, then it will definitely be successful, but remember that if a new investor follows the DCA method, he will not be deprived in any way but will be successful. But it can only be successful by holding for a long time, in which an investor can accumulate the most bitcoins while keeping his investment properly. Because it will reduce the purchase price, if there are signs of an uptrend in the current market, there will also be Bitcoin buying controls. First of all, meeting the necessary needs is of course very important before we decide to invest because when someone chooses to invest without having enough funds for their needs, I think it will be difficult for them to maintain their investment in the long term, as a beginner it would be very good if they use the DCA strategy in running investments but they also need to think about the funds that will be used to invest and don't let them not be able to fully meet their needs then invest of course this will not last long. |
|
|
|
There's a link between labour and wealth, infact wealth is directly proportional to the amount of labour that you put into into a particular task
The easiest way to make money is through labour and your abilities to work, labour translate to wealth at the long run infact there is this popular saying that labour is the pillar of success so the explication is that the foundation up on which success is built on is labour, so labour is wealth at if anyone wants to become rich in the future then that person needs to labour
To be able to do hard work, good skills are needed in the field of work that we do and without skills that we can master well it is very unlikely that someone will be able to get good results from the work they do so anyone who does hard work must have good skills and also must be patient from every process that they must go through because without patience it is very unlikely that they will be successful in the field of work they do and can accumulate wealth and it is also very important for those who want to be rich to have good financial management because without being able to manage their income of course they will use more of their wealth on unimportant things so it is difficult for them to become rich. |
|
|
|
I shared my thoughts on this thread yesterday. And I said I have another bet is on, and I will also share it if I won the bet. Though there was a cashout of 29k on the ticket yesterday but I didn't cash it out, and I was tempted to cashout the game. When it comes to gambling there are many who fail to hold back their emotions when the stakes are big. When there is a great opportunity to cash out and those who don't cash out lose, there is only regret. A win again would make the moment even more enjoyable. But the way you were confident and after that win must have felt like a special moment for you. I've had times in gambling where I've lost huge amounts of money because of the lure of small amounts, thinking I'd cash out if I could make a profit. But remember that those who cannot take risks in gambling will never win big. Any time I bet I get a lot of excitement especially in the last minute and last game. It is indeed not easy to be able to control emotions when betting, especially bets that we play in large amounts with great hope of winning the bet and if you have won but still choose to continue to be able to get a bigger win, of course it will be difficult to control if we play greedily and when we have experienced defeat, we regret the decisions we have made before. When getting a win from a bet, of course we have to make the right decision whether to continue betting or end it with the amount we have got, but this is not an easy thing to do for some gamblers who play with greed and emotion, if only we can control our emotions and greed in betting then we will pass the victory we have got and only regret it when everything is gone. If you can enjoy every bet you play, of course this is very good so that whatever results you get will not be disappointed and will not spend too much money used for gambling. |
|
|
|
In slots games, an invisible machine gambles with you. And I can say that you just bet blindly on Win Expectation because I don't see any way to predict here. It can only be tracked how many wins they give after losses most of the time. But even tracking it doesn't help much. Because of this, it is completely up to luck to win in slots games. But it's a lot of fun to play as there are occasional big unbelievable wins here. This is the specialty of slots game. Those who can win here because of a good luck think slots game is fair. But for those who don't have good luck and always lose I think it's not fair
Betting on a type of slot game blindly will be very difficult to get a win and it's true as you said in the slot game we can't predict the course of the game and we can only enjoy the game but only luck will be able to win the bet but when playing this type of bet it is very important for us to be able to control our emotions so as not to place a large amount of bets if we don't want the game to end quickly but we can place the amount of bet according to the funds we have and still enjoy every round and it's true as you said those who have more luck and win their bets on slots will certainly think it is very fair because they have often won but when I myself play slots I experience more defeats even though there are some victories after the many defeats I have experienced. |
|
|
|
|
Show Posts
