I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
Those who go into business at a young age, if they try their hand at business, the experience at a young age can be a very good teacher for them in the future.But education of children is also very important because education is what teaches a person everything. Because education in every field gives a lot of benefits because one who does not have education cannot be successful in every field.My own wish is that my children should become experts in trading. But if the attention of children goes towards trading, it can have a bad effect on their education. In my opinion, there is no problem if basic information of reading is also given along with education.It can be a good strategy if you set aside some time in the day to expose them only to trading.But the main focus should be on education. |
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Trading is not the same as investment, both are risky but trading is riskier. For anyone that wants to be a trader, my advice is to never depend on it, start small and use the amount of money that is lower than the amount of money that you can afford to lose to trade. If you continue to trade, you will know which step to take depending on how trading favours you. But just like gambling, never rely on trading, although trading is not gambling.
I think newbies should focus more on investing than trading because trading requires a lot of experience. While in investment you can continue your investment even with less experience. And the risk here is also very less than in trading. Whenever the market goes down, the prices of almost all Altcoin also go down and this is an opportunity for newbies to buy some coins, And if the market falls further, he should try to minimize his average by buying more. But do it with the understanding that it will be a long-term investment. And diversify their capital in different currencies so that the risk of loss is minimized. I think for newbies in bear market investing in a good project in the market can prove to be the best investment for the long term, And here the risk ratio is also very low.
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I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .
The way times are changing, new ways of trading and new ways of doing business are also being introduced. Many people may still be unfamiliar with digital currency.Although digital currency is a great platform to do business and earn online. The best online investment is in Investing in different cryptocurrencies for online trading which have proven to be a good market position and strong project can be the best investment for the future.If some one has no experience in trading and online investing, he should invest in the best and top cryptocurrencies in the market. The best investment is bitcoin investment but it will require a good amount of capital.However, there are small and low-value cryptocurrencies in the market Which can be invested in and they can give a great return in the bull market. |
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Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
Investing in Bitcoin can be a great long-term investment. Bitcoin can be a great and profitable investment in the future if some one has good capital.When bitcoin reached 16 thousand k it was the best time to buy bitcoin but many people missed this opportunity. Now that Bitcoin has reached $28,000, buying Bitcoin here can also prove to be a great investment for the future. Because everyone knows how far the price of bitcoin can go. But some experts say that Bitcoin may touch the $20,000 mark once again after crossing the 29,000 mark.It would be better if you buy half of your capital bitcoin now And keep the remaining capital with you so that if BTC goes down to $20000 you can buy it from there.Because if we look at the history, Bitcoin can go back to $20k according to this calculation. |
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Should newbie traders be only concerned about making profit? I do not think so.
I feel that every newbie trader should first be concerned about fully understanding trading regardless of if they make profit or not at the beginning of their trading life. A newbie trader who enjoys profits mostly during his early life as a trader may be misled to begin to think that he has cracked the code to trading and will continue making profits. Newbie traders who experience some kind of losses at the early stage of their life but still continue in trading know better how trading can be, and because of the early experience that they have had, they are at a position of becoming much better traders than those that enjoyed easy profit at the beginning which can be misleading. What do you think, let us discuss?
There is no doubt that whenever one starts a new business or any activity, one may face many problems in the beginning. But there are many people who are in the profit cycle from the beginning and if they don't get the right profit, they think of themselves as a failure and get sidelined from the market. And because of inexperience, they consider the business to be damaging.When it comes to cryptocurrency, it is also a market where experience is very important and there are people who have complete knowledge and experience about the market. A new trader may be profitable for a few days but luck may not always favor him. Because he doesn't know what to buy at what place and where to sell what is the difference between investment and trading.In which direction is the market trending and is it bear market or bullish market?Because experience is the best teacher, traders who have experience can successfully complete their trades everywhere. When to enter the market and when to exit the market can only be done by an experienced trader. |
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So I own bitcoin, ethereum, and binance coin. What are the best altcoins to invest in during this dip? I'm considering ethereum, binance, and litecoin.
there is no doubt that Ethereum token is a great and best token which is the biggest cryptocurrency in the market right now after Bitcoin. but i think it will require a lot of capital to invest in ethereum which may not be within the reach of everyone.It can also be a good decision if a smaller and better coins is chosen instead.Investing in low value coins can be easy for many people.You can take Dot which is a great blockchain token and many tokens are launching on the same chain.Polygon Matic is an excellent token with very low transaction fees and high speed.Ocean protocol is the best token of Web3 and AI.And the price is less than a dollar.You can take GaLa which is a gaming token and can perform very well in future.Similarly, Mana Tokens and Sand Tokens are also available at very low prices and have a lot of potential.Since the prices of all these coins are low due to which many people can invest in them. |
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I've seen a couple or so newbie accounts asking for a 'criteria' on how to choose an altcoin that would have the greatest potential to be a 1000x coin.
I'm gonna throw around some ideas but as all of you already know, this is in no way financial advice. This is just all for the lulz and it would be cool if you guys throw your own ideas in the mix too... So here goes.
Criteria to find the next 1000x coin:
It must not be listed in any of the major exchanges. This is not a hard rule but I noticed that 1000x coins are mostly unknown.
It must have a dog logo. What can I say, memecoins seem to go up by a lot more than the rest of the market.
Be mindful of market cap. The lower, the better. If a coin's market cap is 100m, 1000x would be 100b. Lol. It would take a lot of money to pump it that high. But if the market cap is just 1 million, 1000x would be 1 billion. It's much more possible it could happen imho.
That's it for now.
I think finding any token that will give you 100x profit in future is very difficult for me.Because to find such a coin you need a lot of effort.Because such a coin must have a low supply and a low market cap.Even if such a coin is found, investment in it can prove to be very risky.Because if it can give you huge profits, it can also cause you huge losses.Because that doesn't make it reliable at all.But you can invest in it on the condition that you use a small part of your capital.Because if capital come in it and if the market cap is growing, it can also give huge profits.But it should also be taken into mind that what percentage of the total supply is circulating in the market.Memecoin are always in high supply. |
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Omg some time ago Elon Musk again shocked the crypto currency community by changing his Twitter home profile and as the owner of Twitter which became the symbol of Doge Coin, now Doge has increased by 24% recorded today at https://www.coingecko.com/en/coins/dogecoin there is always this behavior of influential people. Do you think Elon musk's movement can make Doge return to the moon? From the day Elon Musk bought Twitter From that day it was assumed that the doge coin would not take long to go up again. Because every time the value of Dodge coin has increased, it has increased because of elon musk. Now he has only changed the Twitter logo and replaced the bird with a DOGE symbol, due to which the Doge coin has increased by 25 percent. Now if it announced to use doge coin as currency for Twitter registration, you can imagine where the price could go. And many experts are saying that if this happens, the price of Doge coin could go to one dollar. And it is not impossible. Because Elon musk always raised the doge coin to the heights of moon. in my openion Elon Musk will now link Doge Coin to Twitter in some way, which will keep the price of Doge Coin going up. |
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What's wrong with BNB itself? That's one of the best altcoins out there, is rather hold my BNB or trade one for BTC, BNB is a diamond on its own, you can keep it and find another means to buy BTC.
There is no doubt that bnb is a top cryptocurrency and token of a major exchange like binance.But you should always be careful in buying tokens of exchanges and never invest all of your capital in tokens of exchanges.Exchanges can be subject to any risk at any time.Because an exchange's token is limited to the exchange itself, if the exchange crashes, its token will also crash.FTX Exchange Token was also a very powerful and popular token but after FTX Exchange crashed FTT Token fell to the ground.And secondly, never invest all your capital in one cryptocurrency.Rather, everone should always invest their capital in different cryptocurrencies.So that even if a one cryptocurrency project fails, your entire capital is not lost. |
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I have decided I have too many altcoins in my portfolio and want to convert up to half of them into Bitcoin but I am waiting for the next pump like we saw in January to do this as don't want to convert while my altcoins are 20% down.
I have only been in crypto last 12 months so not that experienced when it comes to understanding cycles. Do we have any idea when the next altcoin season is due?
Converting half of your capital to Bitcoin is also not a bad decision.But whenever Bitcoin crosses 28,000 and goes towards 30,000, the altcoin season is very likely to start.And when the season of altcoins starts, all the altcoins will show a huge pump.The bear cycle is almost over and the market will go up after that.It would not be a good decision to sell altcoins at this time.If your alt coins are down 20 percent, there's no need to panic because the next bull season can give you huge profits.The chances of the bull season starting around late 2023 and early 2024 are high.If you have selected good and strong projects then you should hold your altcoins.Because bull season is coming soon.And almost as many experts are saying that the bull season in 2024 can give huge returns. |
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The recent price drop of Bitcoin and some bad news on the market may cause a new round of FUD for investors. With the price going down, Bitcoin will be more volatile in the short term and the Altcoins that depend on Bitcoin will go through more ups and downs. In this bear market, more investors are hesitant to any Altcoin investment. Apart from the macro environment factor, what truly holds you back from investing in Altcoins ? Please let me know your thoughts.
When the markets are going down or the price of Bitcoin is going down, there are many people who are afraid and shy away from investing in Alt coins.Since Bitcoin is the king of all cryptocurrencies, investing in Alt coins is a very difficult decision if its value is falling.My own experience has been that when Bitcoin gets close to 15000, I feel threatened by investing in any cryptocurrency.Because everyone loves their capital.And then people have also seen the situation of Luna, where a lot of money was lost.FTX has also seen crashes where many people lost their capital.If such strong and popular coins can be eliminated then who can trust the alt coins.And then every trader avoids investing in altcoins when the market is crashing badly.Then people only trust Bitcoin here And Bitcoin is also reliable.Because Bitcoin is the only cryptocurrency with the lowest risk of loss. |
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1. Capital
2. Knowledge
3. Emotion handling
4. Experience
Once you do have these things then i could say that you could handle out the market.Doesnt mean that you would avoid losses
but you would be able to sustain this unpredictable market. This is why lots of people are trying out their best to
sustain out.
I think it would not be right to make crypto and daily trading as your only source of income.Because the crypto market is a very risky and volatile market.Even if you have capital, you have experience, you have knowledge about cryptocurrencies, still it will not be right to depend only on cryptocurrencies.Along with crypto trading, another business or any job etc. is also necessary.Because you can use the crypto market as a side business but not completely depend on it.Because the crypto market is highly dependent on global news and any bad news can crash the market badly.When the market starts to crash on bad news, a lot of experienced people's lose their capital.And here it can become a lot of trouble for someone whose earnings depend entirely on the cryptocurrency market day trading.Therefore, it should be used as a side business and not as a full-fledged business.Because the profit rate is good and the loss rate is also very good. |
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In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.
There is no doubt that day trading is a great source of income but it also requires experience.Because just as the profit in day trading is very good, the risk of loss is also very high.Here if you get freedom from your boss but here you have to be prepared to face the risk of loss at all times.Day trading should be done only after you are well versed as trading within any token without experience can result in you losing your assets.The biggest advantage of day trading is that you can continue your trading from anywhere and at any time.Because the crypto market is open 24 hours and here you can continue your earnings at all times.Crypto daily trading is an excellent source of income for an experienced trader.In daily trading he can earn as much in one day as he receives as salary after one month.But for that first one should get complete knowledge about the market and all cryptocurrencies and various trading tools and indicators etc. |
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as we know today btc is in the range of 28000, and i was very lucky to be able to buy btc when the price was still low, and now if i sell it i have a profit but if i sell it now i'm afraid i won't be able to
buying from the bottom again,, and I'm currently struggling to hold btc so I don't sell it,
I want to ask if you also keep holding btc?
and the reason I hold btc is because I believe the price of btc in 2024 will be high and there will be no more btc prices like now.
Those who bought BTC in the 16k range are very lucky as it looks impossible to get BTC 16k again.Selling BTC at 28000 thousand now would not be wise at all as the market still has many chances to go higher.This is why the price of Bitcoin may go up by the end of this year or 2024.Some experts are even talking about the price of Bitcoin going up to a 1 million dollars.But I think BTC can go to $100,000 in 2024.In such a situation, Bitcoin should not be sold, but this is an opportunity to invest more in it.Because the bear market is about to end and the bull market is about to start where bitcoin and almost many cryptocurrencies can make a huge profit.In this situation, holding on to yourself would be a good strategy. |
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is it good price to invest ? i will make profit from this point?
or is it possible for price to go low then this?
and i DCA or just invest all at once and why?
and please suggest some potential altcoins which have possibility to outperform this bull market please share your personnel though don't just share some random shitcoins
and what is your experience in past halving ?
is it beginning of bull market?
Bitcoin, though at Rs 16,000, is very difficult to recover from now, but it can still be very profitable to buy.Because the bull run has not fully started yet.And if history goes by, Bitcoin may touch 20000 once again. You can make some investments now and buy some investments if Bitcoin goes down. As far as altcoins are concerned, there are good and strong projects in the market that can give a great rally in a bull run.As in the previous bull run, some altcoins performed strongly.You can take matic coins , sand, mana and ocean protocol, gala, the Graph can give you good profit.Because they have great potential.And the season of altcoins has not yet started and when it starts expect huge profits. |
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My advice to traders that are losing is to still continue to trade, but using just 20% while 80% should go into holding. What do you people think about this? Out of 100% fund, what percentage can you advice a trader to use?
DCA is the best method in crypto currency but if you are buying tokens and they are falling continuously i.e. if the market is falling then you should never panic but for this you need to have fund.But if you sit in the market with the 80% fund and wait for the market to go down further, then you will buy.So no one has complete knowledge of how the market go down.Therefore, you should always keep around 30% of the fund with you so that you can buy from the bottom in case of any dip in the market.f you wait with the 80% fund and the market doesn't come down and goes up from there, your fund will stay the same and you may miss out on profits.Because in crypto currency you have to take some risk, then you can get a good profit.However, always keep some part of your fund with you so that you can buy cryptocurrencies at a lower price when needed.Because it is also not wise to use the entire fund.I think 30% fund should always be kept. |
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It looks like we really have to be careful enough when buying a hardware wallet, things like that are really detrimental, especially when our assets are stored there for a very long term, but I don't know how the assets are in the hardware wallet can it just disappear?
After reading this I'll probably take a look at my hardware wallet to see if my bitcoins are still in it, because to be honest I'm quite scared, and I'm thankful it's still there, previously I also bought the hardware wallet through a third party local market in my country.
But maybe in the future you have to be more careful, so that nothing bad happens.
The way in which you hold your assets in soft wallets such as trust wallet and meta mask wallet and you have sead phrases.And as long as your private keys are safe with you, your assets are also safe, but if someone gets hold of your private keys, they he can easily transfer your assets from your wallet.Similarly, hard wallets also have private keys.And by buying from a third party, there is a fear that he has not got the private keys.Which can later be used to steal all your assets.There is also a software application of this company to view the assets in the hard wallet, by downloading it you can get complete information about your hard wallet.Just as hard wallets should always be purchased from official websites, caution should be exercised when downloading software. |
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Never buy your hardware wallet from any third party, even if the third-party sellers say that they are buying straight from an official source it's still not safe.
A lot of people don't know about hard wallets or are not that conscious about storing cryptocurrency.They don't even know that their assets are insecure in exchanges and hard wallet is the best option where their assets can always be kept safe.Often investors make a mistake in buying a hard wallet because they don't know which hard wallet to buy from where, so they get it from a third party and then lose all their assets.Hardware should always be purchased from the official website of the same company. Hardware purchased from any other place can never be trusted and third party vendors should never be trusted.I myself have taken a safepal wallet for myself but purchased from its official website.Because I know that hard wallet bought only from official website can be trusted.The hardware purchased from the official website may cost more, but it also gives you complete asset security for a higher price. |
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