Show Posts
|
Pages: [1]
|
That was full of emotions and there was no common sense. If you have such a philosophy, what are you doing on the forum devoted to trading cryptocurrencies? Everybody here risk their money and they understand that there is no way to earn the money if you don't want to risk somethng. We risk every time we start doing something. If we go outside we run the risks of never coming back and being killed. However, it doesn't mean that everyone should stay at home 24/7. We should calculate risks and make decisions taking into account those calculations. That is what differs an experienced trader from a newbie on the market. Traders do take risks like the newbies, but unlike the newbies, successful traders calculate the chances of success and failure and make decisions on the ground of their analyses while newbiesdon't have enough experience and skills in analysing the charts. All in all, taking risks is an integral part of our lives. There is nothing wrong in taking money risks as well, but you are responsible for your decisions and you should know your aims and risks before investing.
|
|
|
I believe that your speculations have nothing to do with the reality. Perhaps, you watch too many movies abour financial crisis and human catastrophies. I didn't really understand the first statement about poor countries which need to catch up with developed countries, otherwise they will have civil wars. Why? What are the reasons for civil wars? Second point also doesn't make sense, from my perspective. I doubt that any strong country will resort to starting a direct war against any poor country. That is next to impossible is modern world. More than that, nowadays many African countries are in deep debts before China, and China doesn't invade troops to their territories. Third argument also touches upon the current situation about equality in poor countries. There is no equality in developing countries: corruption and bribery is everywhere in those countries. So, such events are already taking place but noone notices that. So, I doubt that something really dramatic will follow pandemics.
|
|
|
They are really nice examples but some of them are rather useless for the vast majority of people. Like the 1st rule. Why do I need to know that money is covered only by the words of those who govern those countries? I mean, surely if I made up my mind to invest in Venezuela or Kongo, I should know that. However, that is some special knowledge. I really cannot imagine the situation when I need to follow this rule. I also didn't understand what you mean by investing in women. That is not investment, that is waste of money on women to have a good time. Investing is different. I didn't understand the last rule. Why do I need to know that I and my family is not smart? All in all, the rules are nice but some of them are too exagerated. Like don't argue with countries and governments. That is a real hogwash that everyone understands and nobody needs. It actually depends on the country and government: in the USA tobacco companies conflict the governments and do well and prosper.
|
|
|
I don't think that it is a matter of long-term investing or intraday as they both have right to exist and both can bring profits. The main thing for trader to make as much profit as they can is to have a strategy or at least some plan. The example that you mentioned is too theoretical especially for stocks. It is next to impossible for a stock to double its price within 24 hours. It is a very rare occasion. More than that, assume that the bitcoin price goes north all day long and by the end of the day it reaches the point of 150% of its initial price. The price usually goes steadily and slowly: imagine an intraday trader who sees that the price has gone 20% up. I bet that most of the short-term traders will take the profit and will not wait till the end of the day because he will be too afraid to lose these 20%. That is why, it is not the timeframe which is most important here, but the trader's strategy and expectations.
|
|
|
Investing is certainly for everyone, but not only for the rich. It is easier to invest for the rich, because they can diversify their portfolio right away, unlike middle class representatives. However, they still can invest, little by little, slowly but steadily. Or they just can buy ETFs and that's it. Their portfolio is well-balanced and risks are hedged. That is the best option for passive investors who don't have neither time nor desire to reallocate their money on the daily basis.
|
|
|
I guess that the main idea or philosophy makes a good investor. I believe that a person can make sustainable profit if he/she has some opinion or ideology behind his trading. A successful investor knows what he is doing and doesn't regret about foregone profits. I deem that the only thing that every investor should aspire to is being right. It is not only about taking profits! It actually deals with these kinds of regrets about selling the assets. For example, he will be satisfied by the fact that he earned the money that he had planned to earn. It boils down to trading plan, by the way. If you trade according to your plan/strategies/principles which work well, you will experience less emotions than those traders who don't have any idea and skills about it. There is a popular idea which I support that says: if you want to get rid of emotions, work out a good trading strategy. It is logical like you don't feel disappointed by the fact that 2+2=4 but not 2+2=5, the same about trading. If your strategy is accurate and doesn't leave a room for improvisation, you'll be absolutely fine even if not all of the trades are succussful.
|
|
|
I think they can, but not today... Actually the technology which stands behind crypto is super-cool. More than that, block chain is already widely used by several countries in election, which is logical. The main problem for crypto to become popular and legal is the reluctancy of the richest people on our planet. This whole thing is relatively new and it makes fat wallets be afraid of it. Also, the governments have no idea how to control this market. There are plenty of opportunities for money laundry and illegal transactions, without mentioning huge amount of scam. However, I think that with the passage of time people will get used to virtual money and understand this concept.
|
|
|
Of course, ideally, people should sleep 8 hours a day. I also try to adhere to this rule, although it’s not always possible. Previously, I didn’t care about my sleep. I remember times when I got used to hanging around on night parties. I came back home, slept for two hours and waked up quite refreshed. I don’t know how to explain that. When you need to work, you want to sleep. When you want to entertain, you can kick your sleep easily. It feels like nature cheats on us from time to time. I remember that some day I worked 24 hours typing on my computer. I was on alert thanks to coffee and ginseng. When those 24 passed, I slept for three hours, and then I ran for five miles (I practice it for a long time). When I finished my running, I fell asleep for ten hours. It was an experiment. I didn’t recommend doing that.
|
|
|
As for me, I try to never skip my meals. Of course, sometimes I have to do this due to a number of reasons. For example, I may lack time for something like this. But in most cases, I eat five or six times a day and it completely satisfies me. I eat mostly protein meals. But I should stress that I’m not a body-builder. I’m fond of doing pull-ups and push-ups and no more. I don’t need to gain a lot of weight due to medical reasons - I have issues with veins on my legs, but I run a lot and it greatly helps me a lot. By the way, I can even eat an hour before going to a bed. Curds are the last thing I eat. Curds can be eaten late because it’s easily digested unlike meat. Avoid eating anything else late except for curds because I think it would be harmful.
|
|
|
In general, I think it is absolutely normal to have a tax on our activities, because this is the same business as any other and there can definitely be quite large financial transactions and making impressive profits. Yes, as in any other business, it all starts with your money. But it still has to be regulated in some way. At the end of the day, even if you run into some fraud or problems, you'll definitely want help and support. So I definitely wouldn't try to go around the system in any way, because it could be wrong and it could be illegal, and that's definitely not something that would be a good decision for an honest person and a businessman.
|
|
|
Why not? It has enormous potential for the future and there are already enough quality systems that allow you to exchange and buy with this asset. And it has become a real boon for many people, because such financial transactions are not tracked at all and allow you to act more quickly and efficiently. I think that this is a real step forward, which will allow you to earn enough in a short time and achieve your goals. I think this is just the beginning and something interesting is sure to happen ahead, which will either draw our attention to this directly in the market or take advantage of some new services that will make our lives even more comfortable.
|
|
|
I think that such services are extremely important now, because they allow you to quickly and easily make the necessary financial transactions, and almost always with minimal fees. The same goes for exchange or p2p, which is also in great demand right now. Regarding mindfulness I agree, but in my opinion it matters in any circumstance and in any business, not just ours. The commission here is really not very low, but maybe this is due to the fact that the service works at all without failure and ensures complete safety and confidentiality of data. An expensive service requires additional investment - that's the law. But now I would also like to hear the opinions of existing clients.
|
|
|
The price will certainly not go beyond 50k because that would just be ridiculous and bitcoin itself would lose its value and that would not eb something that those running bitcoin would want to happen. Everything always has its limit and so do bitcoin. They always have to take aon overview of everything that revolves around bitcoin and one of the major things that revolve around bitcoin si people. The more people there are the better the bitcoin market is and that is what is really important. If bitcoin raises its standards then there will not be a level playing field for the bitcoin traders and so the high rise th some people think maybe will never come to be no matter what happens.
|
|
|
Well if you want to be a good trader then you always need to have the data of the latest crypto signals and you have provided some very good sources. The accounts are actually ever reliable and they have a lot of followers. There are times when you need to have some guidance and this guidance can help both the newbies and those who have been trading bitcoin for a long time. The problem that most people have is the ability to get a reliable source for their bitcoin signs about that ahs ben amd ways with these suggestions The signals are ever changing and sometimes it is hard to keep up but if you are determined then you can make it big time.
|
|
|
If you known that you had sold at the right moment only for your trade to be cancelled then you own that it was not an error because there was clearly no explanation. What was one was that your trade may have been cancelled on purpose because you had hit the mark. This is how some trades are regulated so that they do not go overboard because in real sense it should be easier to gan than it is to lose yet in these kind of trades there is always a 50 50 chance and why is that. That is not how the coin toss works. You therefore just need ot keep on trying again and maybe next time you will be able to make the same kind of trade without it being canceled.
|
|
|
That is a risk that you will have to take because it is a risk that every other trader takes If you find it hard to decide whether to buy and you are afraid then it means that you are not fully prepared for trading. In this line of work you need to be able to control yourself and this is in terms of emotions. Do not let fear stop you from trading because it will not make any difference. You will eventually have to buy and the price may increase or it may not increase. What you have to do is make sure that you take less risk so that even if the price increases then you will not lose much. Risk is part of any business and we all have to go through it. Take some time to evaluate your priorities adn then make a decision.
|
|
|
Whether you sell it when is at its ATH is all up to you. The reasons why some people will prefer to sell bitcoin when it is at such a poison is if they want to get a lot of profit. This is a business and what we need is profit. If you that is what you're after then you need to sell when it is at its ATH. You can always check to see if the bitcoin is at its ATH from the various websites. One of them has already been suggested to you and you should therefore be alright. You just have to remember that you are the one who gets to decide whether you will be able to make the profit or not based on who will you do your research.
|
|
|
When I first heard of bitcoin In was like what is this now but the more I got to know about it, the more interested I got and decided to dig in deep tino it. It is true that ever since its introduction, bitcoin has really grown and i is growing even more. Here are even banks that want to come up with their own digital currencies because of bitcoin.It will have an impact on bitcoin because if there are other easily accessible currencies the people will chose them over bitcoin. Still, bitcoin will forever be there and it is not going away anytime soon. It has had a very huge impact on the market too.
|
|
|
|