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There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading. Why emotion is needed while trading is as follows:
1. Profitability: Profitability in the crypto market is very dynamic and variable. Traders' emotions create interest and excitement about their profits.
2. Volatility: The crypto market is volatile, i.e. prices can change rapidly. Having emotion with this position can help traders as it is important to make timely diagnosis.
Here are some ways to control these emotions:
1. Don't expect much profit. For example: You think that you will become rich by investing in a coin. 2. After you have invested in a coin, you find that for some reason it has gone down in the market. At this time, without being emotional, you first look at the condition of the token, what condition it is in, and then take a decision with a cool head. 3. Avoid revisiting a coin after investing. You place a sell order with a specific target. 4. Trade according to market conditions. Don't immediately invest in someone's words. 5. Stay calm and try to control temporary emotions.
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Hello everybody,
I am a newbie member of bitcointalk forum. I want to share with you the story of how my life has changed because of Bitcoin. I think this story inspires some of you who are still hesitant about Bitcoin.
I live in Bangladesh, a country with a very poor economy and bitcoin banned. I am a teacher in a local school. I earn a small amount of money which ends up covering my household expenses. I had no savings, no investments, no hope for the future.
One day, I came to know about Bitcoin from one of my elder brothers. He said, Bitcoin is a digital currency that was coined by Satoshi Nakamoto in 2009 and Bitcoin can be traded online. He also said that the supply of bitcoins is limited. There is only a supply of 21 million bitcoins, and this causes the price of bitcoin to increase over time.
I decided to learn more about Bitcoin after listening to his words. I found this Bitcointalk forum after searching on YouTube & Google. From here I have read many posts about Bitcoin which explain the basics of Bitcoin. I was surprised by the demand for Bitcoin. I then decided to buy some bitcoins with a small portion of my salary.
I bought 0.01 BTC with 10000 BDT from Binance Exchange in September 2020. 1 BTC cost about 1 million BDT then. I stored my bitcoins in a secure wallet that I controlled myself. I didn't tell anyone about my Bitcoin trading because I was afraid of being scammed or hacked.
I continued to buy some more bitcoins with some of my salary every month.I learned how to use bitcoin better, like using different wallets when making transactions, using VPN to protect my private information and using a hardware wallet to store my bitcoins offline. I became more familiar with Bitcoin.
At one point I noticed that the price of Bitcoin was constantly rising. Bitcoin price reached 2 million BDT in December 2020, 4 million BDT in March 2021, 8 million BDT in June 2021 and 16 million BDT in September 2021. I was once again surprised by the demand for Bitcoin transactions. My 0.01 BTC is now worth 160,000 BDT, 16 times the price of Bitcoin in one year!
I realized that Bitcoin is not only a digital currency, but it can create financial freedom for many more poor people like me. I decided to buy some more bitcoins and I will make my life better and more comfortable. I quit my teaching job and started working an online freelancer so that I can earn more. I bought myself a new laptop, a smartphone and a computer. I helped the poor with some expenses and loans.
I still have some bitcoins in my wallet, which I plan to keep for a long time. I believe the price of Bitcoin will increase further in the future and the demand for Bitcoin will increase. There are other aspects of Bitcoin such as: Mining, Lightning Network, Smart Contracts, etc. I want to learn more about and contribute to the development of Bitcoin.
Bitcoin has changed my life a lot and I want to express my gratitude to Bitcoin. I would also like to thank this Bitcointalk forum for providing a lot of important information about Bitcoin. Give Bitcoin a try, Bitcoin will surely change your life too.
Thank you for reading my life story and have a good day!
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Everyone knows the digital currency called Bitcoin. Bitcoins are regularly traded all over the world. Many have become millionaires trading Bitcoins online. Bitcoin was invented in 2009 by an individual or group named Satoshi Nakamoto. In particular, Bitcoin prices skyrocketed between 2021-2023. 2023-09-24 12:53:51 GMT+06:00, the current price of one bitcoin is $26,789.23.
Many people in Bangladesh have many questions about Bitcoin. So I made this post to answer all these questions
Question 1: Is Bitcoin legal in Bangladesh?
Answer: Bitcoin and other cryptocurrencies are considered illegal in Bangladesh, as in several other countries, and anyone who uses or trades them can be fined or imprisoned.
Question 2 : How much is 1 Bitcoin in Bangla Taka?
Answer : According to the latest exchange rates, 1 Bitcoin is equal to 2,964,069.99 BDT. This means that you can buy 0.00000034 BTC with 1 BDT.
Question 3 : How to buy Bitcoin in Bangladesh?
Answer : Buying Bitcoin in Bangladesh is not a simple or legal process, as the Bangladeshi government has declared cryptocurrencies illegal and prohibited. Option 1 — Online Exchange: You can buy bitcoin by using some exchange like : Bybit, Kraken, Coinmama that operate in other countries. Option 2 — Debit/Credit Card: If you are new to Bitcoin trading then this option will be easy for you. Option 3 — P2P Trading with 0 Fees: P2P Trading Lowes Trading of Bitcoins Directly Betofen Buyers and Sellers.
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