I'm not taking any chances this time, I'm fully into crypto and bagging more pieces of bitcoin to my best effort. Already done some mistakes in the past which is a total regret, but today I'm a little bit happy to start. The best time is to start now, nothing abstract because there's no time on our side. Bitcoin have made both dump and pump movements over the years, some of us missed out while some made good profits during these times. It's very simple to purchase bitcoin, crypto exchanges have that easily possible, the space is advancing to the next stage and we should grow with it and it's adaptation.
I think you should not regret it if you learned something form it. I mean obviously you know what you are doing and that's the important case here, if you learned from your past mistakes then you are doing fine and shouldn't be worried about it. I personally did make some mistakes back in the day but I do not regret them, I made those mistakes to learn what I should have done now, thanks to that I am going to be richer in the future as well. I am not saying I will be richer in a day or so, I am just saying that I made mistakes but I can be richer in the end "one day", maybe I will make even more mistakes and learn from them as well, but this is a way where you can actually become a better investor and get richer gradually. basically everyone has made mistakes to the point of losing money in the crypto world, but I personally even though I lost money in the end it was more to get money from the crypto world, so it's like being addicted to continuing to learn, because in my opinion this is a good opportunity to support financially us later. even though so many people hate crypto because they were harmed by their own mistakes and finally gave up |
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Many people are still constantly questioning their faith in investing their money in Bitcoin and accepting other cryptos to get rich faster. The truth is that Bitcoin has been consistently bullish over the past 14 years and other cryptocurrencies have not. Perhaps beliefs about overnight wealth need a lasting change. Only Bitcoin is the crypto with the most sustainable increase over time. Don't worry too much about discount periods, see them as buying opportunities.
Bitcoin may be technologically outdated, but the core value and original meaning of an inflation-resistant currency is the most important factor for us to believe.
right, most people join the crypto world to double their money, so many who dream will have multiple results. but unfortunately many of them lack knowledge about cryptocurrencies, so the opposite happens, disappointment and trauma when they hear about cryptocurrencies. therefore we must know in detail what we will invest. and actually the risk of investing in crypto is not big as long as we know its characteristics well |
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He once was introduced to a scam altcoin and to his limited knowledge the one who convinced him to invest in the altcoin is influential to him. Though he may have learned his lesson after the loss, he may not be interested anymore until something will force him to. But today his friendship with that influential guy must have turned sour.
You can only advise so far but its still his decision.
that's where the danger is a lack of knowledge, thus creating a split friendship. therefore we who give advice and other people who are given advice must be smart. in the sense that you have to study thoroughly first, don't just believe in what your friends say, of course, what you imagine at first is happiness without any knowledge about risks, so that it ends badly |
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I have always said something, the more you read, the more knowledge there is, many trader or investors give their point of view based on their experiences and all of that is very good, so this information, more than anything that is embodied in books, is the one that teaches the most For me, that is the best method to acquire knowledge, and if you have that knowledge, it is very easy to devise our own strategies, but if after we do them we look at others that are very different, it can distort our analysis, and we are no longer going to have a plan but a mixture, and you will not know what to obey, it is always good to have and see other analyzes but I think personal analysis is the best.
And we can't blame others to have different opinions about trading because of their bad experience as well and then say, trading is not profitable. On the other side, it was also important to read books as there are a lot of things that we need to know more about that can never be found in experience alone. And from those things that we read and together with our experience we can derive our strategies which I believe were more effective than the usual strategy that has been used by most traders. I'd say why? It is because that strategy connects to our mind, there is an exact communication that can't be found in others. We all have personal goals in trading so having a personal strategy would be a great help to achieve those. It is indeed that knowledge is power since this would be you foundation to create your own strategy. Also, along with this, the experiences on that you got on trading either win or loss would impact and help you develop your strategy. If we really want something, I think it takes for us to be disciplined to really understand the market as well as how the economy is doing in present time since being adaptive to every changes in the economy is vital so that you could be more successful in trading. Creating our own personal strategy is something that we could mold up along the way, whether you've been starting on copying others but later on you do find out that creating your own would be that relevant. It is really just that there are people who are really that reliant into others calls and analysis and doesnt really mind on creating or minding on their own. In the time that they would be experiencing up some problems or errors then this is where they would really be whining up and making up regrets that they shouldnt have followed that person and it would be better if they would really be that creating or following their own which is actually its a must thing since from the start.Although it wont really be that simple but its not something that impossible. finding a personal trading strategy takes some time to live with, because one has to go through a learning process to find one. so that after finding it we will be more comfortable in trading, because it does not depend on other people and of course it is not like when we expect signals from other people. if a trading personality has been formed then he is the one who is free to trade as he wishes, because it seems as if he can already communicate with the market |
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one minute seems too fast, the smaller the time frame used, the more difficult it will be to analyze it, I personally usually use at least 15 minutes, whether it's trading forex or crypto. For scalping, I usually use a 15-minute tf, the smaller the time frame, the more support and resistance we will encounter, so the more thorough the analysis will be. therefore I can't imagine for 1 minute tf, of course it will be more complicated and difficult to analyze
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forex stands for foreign exchange, so it is a comparison between fiat currency and fiat currency, where usd is the index. it is different with cryptocurrencies, where there is a comparison between cryptocurrencies and fiat currencies, or cryptocurrencies with cryptocurrencies. actually forex has been around for a long time before crypto currency was still in the conventional way
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Talking about benefits, I would say war never brings benefits.
War always brings destruction to both sides. And if I say who benefited from this war then I would say Russia. moreover, in all other fields, all the countries of the world are facing economic crisis. I think this situation is due to the introduction of various restrictions on oil and gas.
When there happens war, each and everyone in the world suffers some sort of economic difficulty. This happens as a result of country's having dependency over each other for some needs. Apart all this the big profit makers or the benefiting one's during the war were the war equipment selling countries. When war takes place big business takes place. Humanely, war will only make everyone miserable, especially the people. but behind the war, of course, there is a separate mission from the rulers who certainly want their goals to be achieved with sacrifices that have been calculated beforehand, so that if their goals are achieved, then they will benefit, and of course they also make cooperation with other countries to supply weapons and other equipment, for example . |
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I think good debts, this is because the potential for this year's bitcoin is very good and promising, especially if we take a long-term loan for example 5 years then the opportunity for profit is very large, the main key to profit is being patient and not panicking when prices drop.
in your opinion it's good, if possible you can pay well the installments that must be paid, but if you can't afford to pay it will add interest to the principal of the debt and of course it will increase the debt, of course it won't be useful. Even though the debt is for buying bitcoins which you can be sure can provide benefits after the halving period, if you make it difficult for yourself so that it causes bad debts with increasing interest, of course it is not recommended to do that. everything is also adjusted according to the situation from yourself, how to repay it, if you can still afford it, of course it is very profitable and I agree with you. right, everything must be measured on one's own abilities. taking on debt to buy bitcoin is not something simple, from our source of income to needs and installments every month, and maybe there are other needs. if it is felt that it does not interfere with our monthly living expenses it may not be a problem, assuming we buy bitcoin in installments, especially at prices that are currently very good for investing. but if without calculating it all, of course it can make a psychological attack on us |
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Back in the days, losing money is disempowering to me. Whenever I'm down to my last dime I always feel sad and lethargic. I don't go out of the room, I sulk, and I work on stuff until I get that pay and feel a little better eventually. All I can say is that losing money will lead a person to two things, either they find the most outrageous ways to earn it backxand get money, or they give up and succumb to the worries of life. I think I'm happy that I fell in the middle ground where after some time of sulking and consoling myself I get back on the grind.
Losing money is sad, especially if it happens in an instant. of course it will be an inner pressure that can mess with our common sense, stress is very possible. but for those with a steel heart, of course they will be able to react wisely and will not dissolve in sadness so they can immediately get up and find a replacement. even among them have a motto that will later be replaced with a bigger fortune |
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Imo, dogecoin are good only for short term investment and not for a huge amount (to prevent funds freezing for a long period). Buy some dogecoin, wait until Elon Musk make something extraordinary towards dogecoin and its prices rises, sell dogecoin, buy again in few months. Repeat that tactics 1-2 times per year. That is the only tactics I see towards dogecoin investment.
He barely does that once in a year or so, and for the most part of a year, dogecoin stays stable or goes sideways and even goes down sometimes if the market crashes, so I doubt if an investor can really get something out of it considering it has got no other element that can make it grow over time except for it to get hyped by Elon or the community sometimes. I believe one should rather invest their money in something useful which can actually give them some value as time goes by instead of getting stuck with a token that is totally dependent on a celebrity at this point. Instead of wasting time, it would be better to invest in clear coins. it's just luck if we rely on doge, because it's a meme coin which needs someone like elon musk to increase its price, but on the other hand if we have doge don't always hold it long term. release it when you already have a profit, because dumps often occur suddenly and you don't know how many more years you can recover, or even just stagnate or drop in price |
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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?
Next alt season could happen after BTC hits its new ATH. Your decision of converting half of your alts to BTC is an awesome idea. Maybe you realize that BTC is much better to hold than the altcoins. Am I right? If these alts we are talking about are potential altcoins, then it is not wrong to wait for a while to be able to get the best rates but if they are just a normal altcoin and you are doubting on them, you better sold them now before they drop more or worse become a dead coin. 12 months of experience seems fine but if you join last year, then you are right. You may lack experience in terms of cycles because last year was mostly composed of a bear market. You may not experience a bull run yet but don't worry because we are close to it. a wise decision by converting several altcoins to bitcoin, especially if it is a new altcoin, so it is better to hold bitcoin, but it is different when investing in top altcoins, it is possible that there is still a big chance to increase. so it's not good if you only choose bitcoin to invest, unless our investment funds are in large numbers, but to maximize profits for me I have to be accompanied by altcoin investments |
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for the first altcoin to invest I chose ethereum, because in my opinion like bitcoin, eth is the safest altcoin, after that I chose bnb, on the grounds that it has a trusted product in the cryptocurrency world. and the third is that I chose matic, because many are starting to use the network, so it is possible that it will become popular faster and can increase the price. the main thing is that I rarely invest in new altcoins, because the risk is higher
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Trading approaches that were profitable in the past may no longer be effective in the future. When considering a strategy shift, it's critical to analyze previous tactics and decide whether to dismiss them entirely or keep them in mind for the future. While a new strategy may be operating well, an old one may become useful again in the future. It is critical to remain adaptable and open to modifying techniques as needed, while still recognizing the potential usefulness of previous approaches. Finally, the most effective approach is one that is adaptable to changing market conditions. Willing to learn some new strategies, any tips?
It is not sometimes good to totally dismiss the Old strategy you used before that worked for you,because it might be very helpful in the future or present.To me,whatever strategy that worked for me before,I dont throw them away or forget them,I try them with the present trading situation,if it works,I use it,if it doesn't,I try to consult my colleagues,because deriving a strategy by yourself can sometimes seem difficult,it's called update,when you are updated on the strategy that is currently working,you switch to it for it to work for you as well. Most persons will dismiss their old strategy and switch to the latest ones they are using,but sometimes the old strategise are more effective and better than the new ones basically I just use the old strategy where we often make transactions so we understand the characteristics of the strategy I use. so never change strategy but rather self-development because over time we have trading intuition. trading in my opinion is our communication with the market according to our own point of view. even though using the same strategy, but because everyone has a different point of view, the final result will be different too |
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It's best to have a budget first before anything else. Make sure that your debts and the necessities to live to have a budget are paid. The best thing to do is to have that direction and know that you need emergency funds to be prepared when something happens.
For starters, it's best to have that buy and store because you will never know the price in the long run. You better decide on what you want and not because somebody suggested it to you. Have your research on it and explain why you will do it in the first place.
Planning budgets is one of the crucial basis to consider before investing in the market because this space is unpredictable and temporary goes against plans setups. I always recommend for plan B because the market will always look for ways to make you compromised your budgets inother to suit in, which is totally not right. The market will only brings losses when you make mistakes,we ought not to be angry but be able to spot out our mistakes and correct it inother to avoid repetition of it. Buying more prominent coins is our ultimate priority during the bear season and wait for the long bullish candles to be triggered. Financial arrangements are the main support when investing. here, of course, we must be able to sort out finances between money needs and investment money. from there, of course, it can be a more stable driving force for our psychology. because many failures start from ambition and greed, they force their finances to invest, until finally there is a psychological attack because it does not match expectations. then coin selection is also important, even if beginners choose the top coins to be the top choice, don't be greedy to increase thousands of percent, while we lack knowledge |
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basically greed is human nature, as is the concept that you live by, a normal human being is of course after getting the first profit and feels it is easy, then he wants to develop his money with wishful thinking mathematical calculations in his head, especially if he feels he controls the market and is optimistic that excess money will be multiplied easily. That trait is what we should control, so we can control our emotions so we can stay alert and careful and think healthy
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I was introduced to Bitcoins once back in 2012 or 2013, but at that time, I didn’t pay any great attention to the coins, later when I saw Bitcoins touching 700-800$, I got interested into Bitcoins, and then did the best possible tasks to acquire, trade or buy as many Bitcoins as possible. I have seen Bitcoins rising from nothing to 70k usd. So yes I know how Bitcoins have made people dance on it’s will to acquire the coins. OP it’s never too late to buy the coins. Bitcoins are fixed in numbers, so definitely as the time will pass, the value of the coin will increase. So consider yourself lucky if you are able to buy the coins under 30k usd. Buy as many coins as you can and enjoy the profit later on.
Seems excited if getting moment know bitcoin around 2012 or 2013 due still cheapest price, based on my experience I know with Bitcoin around 2016 and have price still cheap but I don't have any planning for investing in Bitcoin. Not all people are interested when first time know about Bitcoin exactly several countries still not have local exchange currencies for withdrawing bitcoin become cash money. I started back in Bitcoin after having little higher price and don't think late for investing back in bitcoin because many time moment for raising to higher price and the last all time high price from bitcoin as the proof how the future with bitcoin still profitable and not late if try investing right now. I have always said that bitcoin changes lives and continues to change them, right now the price of bitcoin for many is high, but in reality it is a bargain, when bitcoin goes up to $400k,wasn't it a bargain right now? It is, but taking into consideration that the fundamentals change the whole panorama, when it appears things are being fixed and everything is returning to normal, which was much needed, however, as good traders, we should always enter the market Analyzing it to see What new things can surprise us with, that is studying the market. in early 2017 I got to know bitcoin and at that time I didn't dare to invest, because I didn't have enough knowledge about bitcoin, but in the end bitcoin experienced a pump and felt disappointed because I didn't buy it at the beginning, but that was the journey to be able to understand the movement of bitcoin. until finally bitcoin started to crash and I ventured to buy it, until 2021 to get its benefits to support the family economy |
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To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?
I don't think there is any way to make money if we do not work or own a business, the challenge of getting a high paid job is getting more difficult as stated, and even the government is finding it difficult to create more jobs for people, and one thing has learned recently is don't relent in just one job you can get a job and also have a business alongside, this can improve your finance rather relying on just one source of income which is a very dangerous now that inflation is everywhere with a high standard of living and this is currently going on globally. several sources of income will be better because they can support each other. just imagine if you only have 1 source of income, and finally get fired from the office where you work, so of course it will be more difficult for you to survive and stress will hit you. it's different if we have several sources of income, of course there will always be hope of getting money from other sources of work. therefore, in my opinion, a side job needs to be done, especially if it is in accordance with our hobbies, of course it will be more fun |
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I have also used a credit card, but my main goal was to have a good name at the bank, so that if one day I need a bank loan for business capital it will be more facilitated. so every month I buy things that are needed just to be active, and every month I always pay in full every bill. because you need to know that credit cards have high interest, but there are also many supermarkets that provide special discounts for credit card users, so we can take advantage of them
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being a young person at this time is required to be creative and be able to become an entrepreneur, whatever it is the business must be able to generate money, we cannot expect the government to provide jobs. just like Handa doing popcorn business, of course you want to add more popcorn outlet branches, and you are here of course looking for sources of income from the crypto world, until finally you have several sources of income because your business is growing, so you feel financial freedom because you are at home, money is already working for you
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Taking a loan is indeed one thing that must be avoided. but for some people who really have urgent needs and there is no other way, borrowing is like a solution at that time. but yeah another problem will come later. what we have to do is we have to be able to measure our personal finances.
When they are in a state of financial urgency and they don't have savings or assets that they can rely on to meet their needs, of course, the short cut is that they will try to find a loan, maybe borrowing is something that is really not a good thing to do, but at this very important moment will have to be done, especially constraints in need or urgent needs, and they are fully required to have to calculate their loan with income, so that later they will not be constrained in terms of payment. That is true, I did that recently, had to take out a huge loan because I had to pay for something, otherwise there was no other option left. Not like all the people in the world get a loan to buy some items, or go to vacation, tha'ts not the case. I am fine though, I will pay that debt month by month and I should be fine, nothing should be a trouble for me. However, that doesn't change the fact that I should be careful and not spend too much more. I already paid for my vacation, or at least half of it, and the other half will be paid in September. So I am looking fine, but that doesn't mean that I shouldn't have gotten the debt, it saved me from a terrible situation and thanks to that I am doing much better now. Taking a loan to pay for something important that must be done immediately is not a mistake. because well it's true, in that situation even a loan can be a savior. but as long as you can also bear to pay off your loan bills then it will indeed be fine. I hope your income will be smooth and you can immediately pay off all your debts. and you also seem wise enough to manage finances so I don't think it will be a big problem for your finances. good luck guys. Borrowing in a state of urgency because of a need rather than a desire is not a problem, and afterwards we must return it immediately, so that it does not become a burden on our minds to work. We often encounter this kind of thing in our environment and it becomes natural, only the difference from them is between those who are responsible and those who are not responsible, so we underestimate debt, especially if we borrow it from individuals, don't let us be like that, because we are destined to live socially |
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