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Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Our old men also complaint technically the same. Two examples, 1930 Great Depression and 2008 financial crisis. Purchasing power of one US dollar (USD) in every year from 1635 to 2020 weakens and you'll find 2020 is the lowest. So, when you look at the bigger picture, Inflation is not unique. it is in our parent great grand parent and our DNA too. From different perspective, you can hate me on this, I believe it is necessary to have this bump to nurture innovation (privately or communally). |
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In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.
I wonder what "valid" means?. See, the chart is not always working aligned with news and analyst is as clueless as a regular person. Warren Buffett once famously said that even a monkey could pick stocks and predict the market with a 50% success rate. My action in the uncertainty is risking less than 10% of my portfolio and only buying at the lowest price of a monthly candle. Other than that, stay USDT. |
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We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.
I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?
I already "bet" with my life. It will touch a million under 2040. When I say "my life", means I plan to ride the wave from today's price to that speculation price. Not financial advice. Only a newbie sharing what he is doing. |
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I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
It sounds like you are going to have fun staying poor. I hope not. But we'll see. I can't claim making millions, but I do see profit with my strategy. Of course when I say DIP, I am using rule. Not blindly using feeling. I am using tools like Motivewave to find ideal local low or local high. Learning reading footprint chart, imbalance and point of control. With the tool I can see what is inside the candle and how aggressive the market that I bet. Yes, I am newbie and I wish to keep it that way. I don't mind seeing it etched in my tombstone. |
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Einstein once remarked, "I am not smarter than anyone else; I simply tackle more complex and challenging problems than most." Einstein wanted his body to be cremated. He meant include his well trained and developed brain. Unfortunately, or fortunately, other bloke had different idea. Poor Mr. Einstein.  I believe that education should spark human curiosity, connect individuals with shared interests groups, foster collaboration, peer review, and enable growth within that specific communities. |
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I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
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The desire to see quick results of our efforts can be very tempting and some folks in a bid to get results would normally prefer shortcuts to get wealth over following the real process that involves investing time, effort, and resources into developing skills, building relationships, and creating value in themselves that will lead to a sustainable long term success.
Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.
Setting out strong foundation that's aimed at supporting long term gain is the best thing you can do for yourself and regardless of the fact that you might not be getting quick results like short term investors and individuals, the benefit that comes with long term investment in the right thing will always supercede any quick gain that's mostly for short sighted individuals.
If you know how to use Dex tracking tools such as nensen, arkham. or dexcheck, then meme coin can be beneficial too. I think it is nothing wrong venturing short term gain as long as you already know how to manage your portfolio and generate steadier income from other different choices. On chain or off chain. |
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Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.
I abandoned that belief long ago. My apprehension regarding affiliate marketing lies in Google's dominance over SEO, manipulating algorithms at will. Through insights gained from this forum, I've realized that anyone can thrive in internet business without solely promoting others' products; instead, fostering a community around your own offerings. That is the key. |
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The last time I entrusted my funds to a bot was while experimenting with Pionex's grid trading feature. Initially, it seemed promising, but the thrill quickly faded within three months. I realized that relying solely on automated bot trading did not contribute to my personal growth or learning. Fast forward two years, I delved into manual trading, embracing a more traditional approach and exploring strategies like the footprint chart method. This shift instilled a newfound sense of confidence in my trading abilities. As I expanded my knowledge base and deepened my understanding of the market dynamics, I began to generate profits without shouldering significant emotional burdens.
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Up until April of this year, I experienced feelings of apprehension. Over the past two months, I diligently documented my trading activities, and what I discovered was quite intriguing. The greater my exposure to market volatility, the more comfortable I became with it. While there are moments of fear, adhering to the rules I've established and avoiding impulsive decisions like FOMO trading have allowed me to navigate the market "less emotionally".
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My experience told the opposite stories:
1. It is the most relaxing one. Much relaxing then doing my routine as a Youtuber. My trading strategy focus on footprint chart and the use of Point of control and Price imbalance.
2. I spend less than an hour day (around 7am-8am) to update my chart and adjust my position.
3. About scam, I worry less right now after FTX collapsed.
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The authority may already know his true identity but decide to keep it secret. Personally, I believe in the "deep state" and they are not always carry ill-intent.
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I have good knowledge with crypto future
I get signals from groups on telegram
But i got idea to make profit daily
I choose some coins potential raise and open long positions on them and hold
For day until i get profit.. Is this good idea or let me know if there better idea
Look back, I saw myself doing almost the same thing. I lost some, I quit and then re-think crypto potential then find BTC as my last best choice. About trading strategy, I no longer trust signal or even charting. Just orderflow and footprint chart. |
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This was the mean reason why I don't like telling people about bitcoin investment, except they seek for advice from me, first I will tell you the risk that is involve if you can bare the risk alone, but if you can't bare the risk then I will advice you let go of it. However if you want to be successful in life you need to take risk, most of the wealthy people you see today they have stories to tell about how they started there journey and also the risk they took. what I'm saying in essence is that you have to face your risk alone the only thing you should think about is how you can deal with it, that's if you really want your future to be a better one.
I'm here to support you. I've been actively learning about BTC for less than 6 months, and while I recognize its potential, I sense that there are still barriers in place when it comes to BTC. The individuals I typically engage with have experienced setbacks with Luna Crash and FTX." |
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