It's not enough having an investment plan, knowing the right choice to make for every investment defines the investor better. Take for example jumping on every new coin we find on reputable exchange might not be enough guarantee that coin will do well in the future.
Indeed. Planning is necessary but it doesn't guarantee anything if you have no idea of what you are getting into. Still, having a knowledge plays an important role when we're investing, it is needed so that our plan can have a good result. Anyway, there are many new coins launching everyday that can tempt the investors to ride for the possibility of having a decent profit. Many of us wants to earn quick and don't have patience to wait longer. That's why even it is quite risky, they opted to invest in coins without real use case and just existing because of hype. We have to keep in mind that we are investing our hard-earned money, therefore it's just right to always be wise on choosing what coins to invest in if we don't want to lose our money. there is no greater guarantee than investing in a new coin for the long term, even if it is listed on the largest exchange for now. If we really want to invest long term then we also have to know what coin to choose. Sometimes people want big profits later, but don't think about the risks. Therefore, I think for long-term investment, the main choice remains Bitcoin. Then we can diversify according to our strategy and analysis, so that we can get more profit, but still have little risk |
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That’s how the world is structured, someone buys, and someone sells. The financial system is designed in such a way that people have to work and produce goods and services, and this is basically what economics is, and I also forgot about taxes, where would we be without them. I agree about garbage, in developed countries they are effectively fighting it, whereas in other countries they only talk about it and do almost nothing about it.
In this life there are always things that someone needs and there are also people who make them to sell and this will continue in such a way and there are always taxes that must be paid by everyone so that the government system can run well, in terms of waste there are some countries that can manage it well so that it becomes a valuable item for sale, there are others that cannot process it so that it becomes a pile of useless trash and is destroyed. in developing countries to poor countries that have large populations and still have problems processing waste, of course it is a serious problem, even expensive items can become waste for people who don't need them but can be useful for those who can use them. Therefore, the mentality of society and the government must work together to be able to educate and turn waste into jewels |
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A person who has grown up watching his parents use wealth and growing up in luxury from childhood will never understand how difficult it is to earn money. They therefore do not understand the value of money and lead a life of luxury until their ancestral property is exhausted. It is natural that a person will develop that way from childhood. His behavior will remain like that for the rest of his life. So no matter how much wealth parents have, they should not let their children waste money from childhood. Then it is possible to make their future beautiful.
That's not the whole truth, there are exceptions to that rule, some children might grow up that way but despise how their parents spend money but there's a teeny tiny factor that will make or break them into a person that is an exception, be it a friend that they've got that teaches them the value of working hard or that kid just got a higher degree of empathy or their parents taught them that what they're doing isn't the best thing to do when it comes to spending and appreciation of hardwork because they're just depraving the child of stuff which grows to resentment. It should start with the parents having the responsibility to teach their kids because they're the ones that the kid bonds with unless they're an absent parent and the kid only grew up with nannies and butlers, we can expect that kid to grow up as an adult that doesn't value hardwork and will inevitably be living the opulent lifestyle. Indeed, it depends on how the child is educated. remembering that many children grow up from rich families, but their lives are harder than those from ordinary families. While children from ordinary families can get up late, children from rich families must be able to get up early and help their parents start work. and that's what I see from the rich people around me. With upbringing like that, he said, parents hope that when they grow up they won't be surprised to face the hardships of life and must be able to survive |
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Honestly speaking, if I analyze the current COVID pandemic, it is done to really reduce the number of living people around the world. The population is actually too large. Now, in order to reduce people, they used COVID-19, and it seems that whoever thought of it succeeded.
Why did I say, here in our country, how many people have COVID-19? But I never once heard of anyone in our country who died as a beggar because of COVID when they were just living on the streets. So, it means that the COVID-19 disease that they say is just made up by people to make money and abused by government officials as well; that's what happened here to us. Then, there it is again. I think humanity is awake and aware of the truth.
Thoughts like that are possible, but unfortunately we can't do anything about it, considering that in my area those who die from Covid definitely die in hospital. I don't know what the real conspiracy is, but that's the reality, whereas every time someone is taken to the hospital, almost all of them are declared Covid, there are many stories that in the isolation room they are not cured but are stressed because of the isolation situation. |
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I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
If your main interest you have in bitcoin is because of the economic gains that you may get, then it is reasonable that you also have some passing interest in altcoins which can grow in value even faster than bitcoin, to me it seems way better that you do not restrict yourself from investing in those coins as that is what you seem to truly want deep down, what you can do is to invest a small percentage of your capital on those coins so you can limit the negative impact those coins may have if you are just becoming a victim of FOMO, but other than that I do not think there is anything wrong with investing a small part of our capital in altcoins, as long as those coins are any good. The most important thing is how we manage our money well, increasing the risk a little, but also increasing the rewards from investing in altcoins. but indeed by diversifying assets properly we will have the opportunity to get bigger profits, if the development of altcoins is not satisfactory, it will be covered by bitcoin, which is the safest asset to invest in, as long as it is not reversed, where the altcoin investment is greater than the bitcoin investment, then this will only add to the confusion in investing |
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Many people are in the same situation as you think about the current market situation. The bull run that was supposed to start next year has already started but ETF approval is not yet. Whalers will want to take that opportunity. Whales will prepare their holdings for the potential bull market. They will get the highest price when the bull market starts. I think the market will pull back a bit again if the Bitcoin ETF is not approved, but again bull market will come because of the halving. Meanwhile Bitcoin price has reached 44k which is more than expected according to the time. For those who haven't invested yet, it's best to wait till ETF approval. But those who are reluctant to invest for long term can still invest.
For now, many people are taking the opportunity first before 2024 starts. especially at this time where it is better to prepare in advance than to be late. As for what the results of the Bitcoin ETF will be, sometimes we don't pay attention to it, because for those who know Bitcoin and aim for long-term investment, of course it is still worth investing at this time. and sometimes many people think that the end of the year is the time for crypto to increase |
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When investing, do you want to get results quickly? In fact, it's not worth selling goods, especially computers, which you will most likely still need to invest in, because actually the best investment is to use cold money. but if you want to speculate and dare to lose your money because there is no guarantee of profit, then it depends on your final decision, considering that it could be that your money will grow in the near term or even disappear because you are not strong enough to hold back mentally.
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There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.
I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.
If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?
First I want to ask you where did you see their reviews? They may have removed bad reviews from their site. If you've had good success using their signals, perhaps your advice would be acceptable here. You should never trust signals provided by others, you should always try to generate signals yourself and trade those signals. Anyway, I have never traded with signals given by others, I have always traded using my own signals. I made successful trades from the signals I created. Although my income is limited, I started my education from here. They seem to create a good history to attract lots of followers, and of course they will get a lot of money from those followers, because of course they pay to follow them. and if something bad happens no one is responsible for the risk. Therefore, we must be willing to learn manually so that we can manage our own risks, not depend on other people, and don't be lazy to learn but want to make big profits, instead we will get lost in the world of trading. |
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People think that meme coins are a great shortcut to get multiple folds of their investment just because a few altcoins have managed to gain significant success in the past and people think that every single meme coin will be able to do the same thing but it's not true, that's now how it works, because if every single meme coin could achieve the same success, almost every cryptocurrency trader would have been a millionaire by now considering almost everyone must have at least invested a few dollars in one meme coin in their trading career.
So, it's better if you don't think of the high amounts of profit that you potentially can get from meme coins and pump-and-dump coins and focus on real and good altcoins that might take a bit longer but will not drown your investment if the project turns out to be a complete failure at the end.
Trading on meme coins requires extra caution, especially if we use large amounts of money, of course the risks will be very high. On the other hand, the meme coin's habit of pumping and dumping is like doing a lottery. You can imagine that if greedy people bought the top and the price fell into a ravine, of course their psychology would be in disarray. This has happened to meme coins, where after the market dump there were still many people who hoped that the coin would recover |
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In my area, cryptocurrency investment is actually booming, wrapped in multi-level marketing, where if we don't get downlines, our money will grow by 2% per day and if we get downlines, we will get a certain fee which is certainly very tempting. Unfortunately, many people don't understand the world of crypto, they are tempted by the profits and feel proud of being part of technological developments. and it's not a scam at this time, but with a Ponzi scheme, of course you're just waiting for a time bomb
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Overall, the main thing that must be studied is the psychology of trading, where this point is the biggest determinant in making a profit. Next there is money management, where we must be able to manage our financial capital so that it remains safe and fits a logical portfolio. After that there is technical analysis, where we must be able to read charts to predict future possibilities so we can make transactions
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From 7000$ to daily 30$ means around 900$ monthly right? Which is 13% return of your main capital! Mmm complex thing. It isn't easy to generate a fixed profit daily even if you staking anywhere or lending anyone. Expectation still seems high but might be possible if you start trading but for that, you need to gain huge knowledge to operate. Otherwise you'll loss everything. So investment with btc or eth or some good coin. You can earn 3-5 time of your whole capital within 2/3 years, as expected but still not guaranteed
To trade, don't be careless and jump straight into the world of trading before you have sufficient knowledge. In fact, a profit of 0.5% per day is still realistic, but it must be supported by complex knowledge. On the other hand, if we are careless, it could happen that the money runs out because of our own mistakes. indeed the best thing for beginners is to invest, and put a little capital to learn trading, but don't be oriented towards results and multiplying it mathematically, because in reality it will be different, but be oriented towards investing in science |
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If the bull section starts in 2014 then good profits can be made and in that case op has made an interesting list of best coins. So if one wants to get good profit from bull market they can buy these currencies. Moreover btc eth ada the best coins like them are always in the world of quality so they have the best return profits in the bull market. However in preparation for the bull market investors buy tokens according to their different preferences.
Bitcoin, ethereum are indeed the best coins and altcoins in cryptocurrency, but they tend to have smaller increases than other tokens which can increase very significantly. but bitcoin and ethereum tend to have less risk than other tokens. Therefore, we must be able to combine them so that the risk remains under control and we have greater profits. therefore the need for knowledge about crypto investment |
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Litecoin is still good and still worth investing in. But I think it's still a long way to beat Bitcoin, mate.
You're right, litecoin is worth investigating right now that it's still on the dip, if you can check the statistics of the previous performances of litecoin, you will discover it has reached it all time high of about $450 and we are now by far away from such, any Investment made on litecoin will come in with another lifetime opportunity after the bullrun is experienced, though we should know that there's no any other cryptocurrency that can be able to beat bitcoin, because bitcoin lays the legacy other alts follows. In technical analysis, Litecoin has penetrated the resistance line in the past and that indicates bullishness on Litecoin, but at that time there was no support from Bitcoin's rise. and currently it seems to have moved up along with the increase in bitcoin. We can see later in the bullish season of course how Litecoin can climb, but to replace Bitcoin I think is very difficult to happen |
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Personally, if I had capital of $500, and my position was not yet good at analyzing, I would only divide it into Bitcoin 60%, Ethereum 30% and the remaining 10% I would invest in several top 100 altcoins, I would speculate on this to get more profit. large and if I experience risk, I only allocate a small portion of the funds, so it doesn't disrupt my overall investment
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This is what happens when purchasing power of people declines and there are government and banks who will surely bail out these builders, but what about the people over there? There were some massive mistakes made by this current regime and if we look at the broader picture we may find China is in vulnerable state at the moment because of its declining working population and all these sanctions, humanitarian issues. I think it's time communist regime relook into their policy and work towards growth of people rather than industrialists and once people are financially stable then by default their buying power would increase and such crisis might be rare.
Family economic stability can be a benchmark for a country's economic development. When Covid occurs, various economic sectors experience a decline, so that people's purchasing power decreases, especially in the property sector, because of course they will prioritize basic needs for survival. The government has taken steps to stimulate shortages in the property sector, and we will see the progress |
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Yes, not all economic news affects Bitcoin, but many of them do.
That is true, many of them have always been affecting to Bitcoin but there are times that they're not. Just like a normal news that don't have any effect to bitcoin. I seem to believe it before that there's no connection for Bitcoin and outside world. But as we move year by year, we see the vast adoption and the connections become deeper for bitcoin and also for other financial aspects and sides of many corporations and news that comes from them affects it. the more bitcoin is spread across many people, the more those who hold bitcoin in large amounts will be able to move the price of bitcoin even though it is not significant, we can imagine if a country experiences war, where the majority of its citizens hold bitcoin, then the majority of citizens will take action. the same thing towards bitcoin, thus forming a large force that can ultimately influence the price of bitcoin. |
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It is very much advisable that digital economy should be embraced, no one would want to be caught naive when the world evolves fully. One thing is certain that a time would come where all financial transactions would be done digitally and there'd be no hard note transaction, at that time, it'll be difficult to secure an asset for oneself so it's very much best to start now that its still being nurtured. The economy of a nation balls around the financial impacts. Leaving aside the current corruption, we see that there's a difference between the economy of the past and now, we can see how steadily the evolution of money has been.
It is not advisable but more on a compulsory action that digital economy must be embrace. The development is alerady leading to that point. With the invention of the internet, it is known that the world is changing and emerging with digital space. But I would say to not follow all trends because some are just bubbles that can burst anytime leaving people who follow them in devastation. We should select carefully on what trend to follow. Something that has laid its foundation strongly and does not affect individual negatively. Blindly following trends will often lead us to financial losses. Simply think that the trend today may not be the trend tomorrow so better to choose wisely and have a deeper understanding of trends and its future endeavors. Therefore, having knowledge about cryptocurrency is very important, remembering that we can regulate when to enter the market and when to leave the market, so that we can maximize the profits we will get, don't just rely on luck and greed for a moment, which will make us trapped in disappointment at the end of the story. . If that happens then we could be depressed |
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So which one should it be? Do you take the risk and invent a job or do you want to keep running the race knowing the possibility of winning is very low and you may never reach the finish line?
I already take a risk years ago for inventing a job (building my own business). I started from scratch, had a concrete plan on how we can make this possible. It's not easy and you have to be prepared especially financially. Good thing even there's so many competitors we are able to stand still because our business is already established and we gained loyal customers. However, despite this, I am not contented and want to maximize my sources to earn that's why even having a business of my own, I chose to be employed (lots of benefits). There's an advantage if you choose both. But of course much better if you are the boss of the job that you invented. Taking on work and business supports the stability of our economy, but sometimes the business we are involved in cannot be maximized like if we worked full time as entrepreneurs, but this is not a problem, because our economy is safe. However, there are also people who dare to take the risk of leaving their jobs and entering the business sector, they believe that there must be a way to glory. On the other hand, setting aside income to invest would be better as additional capital for the next few years |
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