I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.
if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easy |
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Bitcoin is a digital currency that has gained huge popularity nowadays and people trust it a lot. Especially with Bitcoin people nowadays invest in Bitcoin to make their life more successful. It is known that people are buying various things like their cars, houses and land with Bitcoin very easily. And is it possible to buy a house in Portugal with Bitcoin then we can say that Bitcoin can definitely change the economic position of the country. Since everyone has been successful in purchasing their various goods through Bitcoin, more things can be done with Bitcoin in the future. And if the economic situation in another country is bad then it will be possible to change that economic situation with Bitcoin.
In my view, with bitcoin, we will get easy payments, with easy payments, we can imagine if a factory with a large financial circulation will easily make payments, and that will certainly have an impact on profits in various sectors, because for a product until it reaches the hands of consumers, of course it involves several parties. on the other hand bitcoin has a better level of security, as long as we know how to maintain that security |
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The end goal is always getting a bitcoin in the process. The means just differ. It's all a matter of preference really. If you think you want to consistently earn bitcoins on the long run and don't mind the upfront costs of paying for a mining rig, then mining bitcoins is the way to go. If you're looking however to save money as much as possible but still want to get into the bitcoin business then buying bitcoins outright is your better option as it allows you to acquire bitcoins without the need to pay for a mining rig.
Of course acquiring the means of production is the better option but sometimes the second choice is the best one, especially if you're gauging your financial capability.
indeed to mine bitcoins requires a large amount of capital, but the advantage is that we will get bitcoins continuously, so that our number of bitcoins increases, this will be more meaningful when we get a lot and the bull season comes. however, people like me prefer to buy it, considering they don't have enough capital for mining. moreover bitcoin is very easy to buy according to our financial capabilities, we can buy it in stages and hold it, to get profit according to our target |
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I was here since long time ago and i feel that more people get involved in cryptocurrency. even some people in my neighborhood ask me about bitcoin. for normal users, bitcoin is not as complex as you think, only need few clicks then the transaction is done, see there is no difficulty. just be patient, more and more people will join this community, our number isn't decrease right? once someone know about bitcoin then the person will tend to use bitcoin because bitcoin can safe them from fiat money inflation, bitcoin give benefit to it's users.
indeed the adoption of bitcoin is growing, more and more people are opening their hearts to join the cryptocurrency world, for now most of them are adopting it because they want to save their money and get big profits. but if you don't have knowledge, even though investing is also very risky when holding bitcoin. therefore knowledge is very important especially if the money we use means a lot to us, of course we don't want to lose it, while using bitcoin as a currency, I think it's just a bonus and fortunately we already know it first |
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it is difficult to predict which coin can go up 100x, but if you want to earn profit from investing in cryptocurrency (at least you can earn 5x-10x profit), then I can recommend you to invest in,
1. Bitcoin
2. Ethereum
3. Binance
4. Ripple
5. MATIC
6. SUI
7. ARB
because I'm sure the price of this cryptocurrency will definitely increase very high during a bullrun and of course it can give you at least 5x-10x profit.
You're very correct, it's very difficult to predict which coin will do a 100x return in the bull market but if you want to increase your chances of getting 100x the. You don't have to invest in old coins that already pumped last bull market. You have to invest in the newly launched project and those that have very huge hype surrounding them because hype means more investors. The more investor a project has the higher the chances of it giving very huge return. The project you listed can all give you 5-10x and that's a good return to get in a bull market but to get the best results you have to use a very good capital starting from $500 or $1000l if you have more money to spare. Don't invest small because you'll only get a small return instead invest medium. To get 100x I'll suggest some memecoins like Shiba Inu or Pepe because they have room for more growth and if they gain small percentage of what doge coin has gained it's going to be a very massive profits. Also you can invest in Artificial intelligence projects because that's what is trending now and during the bull market more money will be channelled towards AI projects. Coin memes are an option if you want to find multiples of up to 100x, maybe even more than that, but the risks you have to suffer are also higher. 5x to 10x returns is indeed a good return in business, but human greed is inherent, so when investing in meme coins don't use all the existing capital, besides meme coins, we can choose new projects to achieve 100x returns, it will but even then it's like looking for a needle in a haystack, which without good skills we will be at risk |
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Well this is some very good advise. I think ETH is one of the coins you can not have too many of them. And it is at a low price right now for $1857.
The all time high price for ETH is $4,891 so now is good time to buy them for cheap. There is more then 1000 dapps on the ETH blockchain too.
So this is one of the few tokens with real use case. That makes it a good coin to hodl.
The dapps will keep on increasing because more things are coming to the Ethereum network and other smart contract projects aren't doing so well. Solana would had been a good competitor for Ethereum but its blockchain is inferior due to it constantly getting blackout so developers are moving from the blockchain to other blockchain like Ethereum that has a stable blockchain. Ethereum has also moved from proof of work to proof of stake which is going to benefits the blockchain and developers as more works can be done without been scared of high fees. More project can move back to the Ethereum blockchain. Ethereum is a very good project and it has a very good history of always doing very well in every bull market so you won't regret investing. As for the price, I think the next bull market would see Ethereum at $10k or more higher price because if we judge from the increase in other bull market, Ethereum trading at $10k would just be about 1x from it's previous all time high which means Ethereum has room to increase more than that percentage. Ethereum would benefit from AI trends hyped that'll be coming in the bull market. it is very possible for ethereum to penetrate the price of $ 10k in the next bullish season, moreover it is true that it is only a 1x increase, and of course now if we invest it is possible to increase it up to 5x, and if you see a fantastic increase with a smaller level of risk. therefore ethereum remains the first choice after bitcoin to invest. especially for beginners like me who don't really understand fundamental and technical analysis, investing in the highest altcoins can be an option |
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actually holding bitcoin is good enough, but if you want additional altcoins to invest, I think the closest to bitcoin will be better, considering that we invest with big money and of course reducing risk is a priority, for that ethereum and BNB are the main choices, besides that, if you want additional altcoins, I think polygon can be an option, with that much money I don't think I'm tempted to look for coins that pump the pump up to 100x, because with a profit of 1 BTC I think it's enough
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Trading could might have an easy money depends on your skills, so people might enter trading as they thought they could easily earn money in a short term. Always remember that you're putting your money at risk so find what suits for your skills. While in investing there's a lot to invest like businesses, forex, crypto industry, real estate and etc. Just find where you are comfortable to risk your money as long as you have the knowledge background where you gonna invest. Personally investing is also a good choice since you've come from trading so you are already aware of the market. If you think you are not yet good enough for both, then study more since you already have the opportunity to learn where everything of the information are in the internet.
Trading has never been easy money, it's a delusion that can only end up losing money if you take it seriously. Yes, you can probably make money in any business, but for this you need to study a lot, and in trading everything is arranged in such a way that if someone earns, then at that time someone loses, this is the law of the market, so in this case you always need to be cleverer. therefore in trading, those who do it must have a better understanding and skills. the more experienced and have better skills, the smaller the risk of loss. those who start trading without a skill will lose, and gain from those with experience. but with some losses, beginners in trading will experience growth. whoever wants to trade, try to invest first. many people have expectations of trading, they seem to take trading for granted it's easy to win trading transactions, usually they will understand after really entering the market, and experience various problems that were not thought of before. but we also shouldn't be pessimistic that we can't trade, through all the learning process we have to be sure that we can, meanwhile we make investments which are much easier if we understand the characteristics of choosing a coin and what to do |
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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.
OP,you don't need to see trading as a job because trading is very risky and can lead you to a big loss. For one to go into trading, you need a job and use trading as a side job. Cryptocurrency is volatile in nature and if you don't understand the market signals,it will be a waste of time and resources for you. Newbies think that making profit in trading is as easy as they are saying it but I bet you trading is seen as gambling for those that are not professional traders because they will loss more than they make profit. There are still people that make it as a job, but only those professionals who are very experienced and have been trading for a couple of years and have a good profit per year, meaning they can make a living on it. But if the newbie just resigns and jumps in, then for sure it is a waste of his time and money because you'll need to learn first, and that doesn't mean you can learn it overnight; you'll need a couple of months, even a year, before you start seeing some profits and winning a trade. right, don't be too optimistic to be able to live a luxurious life from trading at first for beginners, but we must be able to think positively to process becoming a pro trader someday, because in reality it is not as easy as one might imagine at first that it is easy to make money from trading. therefore by enriching experience first and taking lessons from it we will be able to survive in market rotation, and can depend on trading for a living, everyone will have different phases, sooner or later they may even give up to go through the process |
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its is time to sell I hope you dont buy at the top and here is the update of the coin of Fetch.Ai its like seasonal token, in my opinion, there is DeFi and then Play To eaRn Earn while walk metaverse and now is AI   Down 66% From the top  if you look at the trend line that you drew, it is suitable for selling, with the limitation that if you experience a breakout on the trend line, then we also have to take the risk of doing a cut loss, because anything can happen here. especially if we look to the left that resistance is formed which allows the price to bounce down if we sell. but we also have to place a clear target where the maximum is on the bottom blue line. this is just an opportunity that contains a risk |
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Africans are blessed with a lot of minerals that if this resources are gainfully used for benefit of their citizens, this God given resources would add colours to Africans. Countries in Africans like Nigeria, Serial Leone, Ghana, kenya, south Africa and lots more you will a lot of natural resources either misused or abandon by government and even if they see need to use them, is either abused or mismanaged. Petrol in Nigeria till today is been refined outside country and still import back to Nigeria on a high price, lots of minerals like coals, salt, kerosene, gas, petroleum and so on but no appropriate handling of this resources, so even the citizens can not benefit from it. If Africa can make use of their resources well, they will be more independent, free from indebtedness and indirect colonial system of other countries.
They should be free like you said a lot of minerals meaning your country could be independent. But the truth is the rich mineral countries will always in the end of the list just like my countries Indonesia also had lot of mineral including oil and gas also the biggest nickel in the world. But the raw material always goes outside and when it becomes a finished good it goes to indonesia back. I couldn't agree more. Same goes for my country. Despite being rich of these resources we often export them to be used by other countries for their product and then will be imported back here and be sold with a high rate. Once you asked why it is expensive they will tell you that it is because of the rare products used to make it, then you'll realized the said products is locally found and there are a lot of them. Typical import and export system. this is where the role of human resources must be corrected, currently the government in my country has started to prohibit exports in the form of raw materials to other countries, but at least it is processed in my country that way besides increasing selling prices, it will also absorb labor and we can learn to process it ourselves, so that finally when the contract is over we can fully control natural wealth and process it ourselves to sell it in the form of finished goods. that way there will be many benefits for the country including the welfare of the people |
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become an average employee in average company in the country sometime only give us average purchasing power. people with same income compete with each other to buy goods or services that they need, people who have bigger income than them can buy higher quality goods or services. but it doesn't mean that we are allergic about become employee of company. Most of the time, we need money to build our own business . it will be better if we make sure that we can survive first.
love the work we are doing right now, even though we are just employees who may not be able to buy something we want, but at least every month we have a definite income. on the other hand we can build our own business and later that business can save us in old age, considering we work in a company, where we don't know how long it will last, bad things can happen anytime and when we have started to build a business then at least we will be able to survive and not be confused just to make ends meet |
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The only reason why a person never get rich overtime simply because he is not working on it.
Being a rich man begins from the heart, what the heart can conceive we can achieve and what it can't we may not achieve as well, being rich is a decision and also a mentality some people develope for themselves to never settle for less or remain poor and they strive and work towards that determination and it becomes a reality with time, the process is what the people lack the understanding to, maybe because of fear or personal decision together with their mentality that they cannot achieve anything and make it possible. To become rich, not everyone is able to get past the obstacles that come their way, many of them are not mentally strong enough to face problems in the business they are doing, so they finally give up halfway. On the other hand, many of them tried to imitate the business that was trending at the time, so they just went along with it. The time came when after the trend declined, they looked for another business, but for those who were able to think about starting early and leaving at the peak of the trend, and can find other ideas to become a trend then he will win |
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Smart decision, but I think you also have other safety money for your daily needs. Yes. This is a long term investment and should not be rushed. if you are committed and don't change what you wrote above, this is a win-win solution for you or others to be free from uncertain inflationary moments and to be free from a financial crisis. BTC is big money for those who think smart and look far ahead. I think 1 BTC will really be felt if its value recovers and returns to normal especially ATH is only solved later.
very impressive at such a young age, but already have extraordinary thoughts for the future finances, of course this is not owned by many young people today, and of course today's young people with such great asset values are certainly not arbitrary young people, only by holding it, the future will be guaranteed. When you graduate from school, maybe you can open your own business or even have started a business before |
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until now I still hold bitcoin until the bull season comes, my main reason is that my intention to invest is based on the money I use to invest is cold money, so from the start I want to save my money from inflation that occurs, so until whenever it is I'll wait until my money doubles, we can't talk in 2024 there is a certainty of a bullrun, it can happen sooner or later, therefore patience will lead us to a golden age, because I believe bitcoin adoption will continue to grow
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The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept.
(.....)
This is the goal of Bitcoin. Global adoption. Because right now, it's just showing that we are still in early days of Bitcoin, as you can see, it's still not famous but it is already have real world use case which solving a lot of problem in financial world. So for me, everyday Bitcoin is growing and being adopt by many. this is what was expected from the beginning bitcoin was created, namely to switch from a centralized system to a decentralized one, which has several advantages to support increasingly dense human activities. however, the journey is not that easy to reach the goal, until now it is still in the process of getting mass adoption, fortunately we are already familiar with it, even in the long term, when the circumstances and conditions are suitable then bitcoin will reach its goal |
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I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?
I am surprised by the fact that you are asking this question only now, despite the fact that the decline in the price of the coin has been going on for almost 2 years. Now the price is at its minimum values and if you are not experiencing a shortage of finances, you should wait for a bull run and possibly buy in addition DOT to reduce the average value of the coin. the average altcoin has decreased by more than 50%, and until now DOT still survives in the cryptocurrency world. I guess you can either buy back, or hold onto it while waiting for the bull season to come. indeed it really messes up our psychology but we have to be able to think realistically, instead of doing a cutloss and the DOT still has a chance to pump, so it's better to be patient to wait for it until the bullish season comes |
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A somewhat similar trend has been followed by the crypto market when looking at Bitcoin and altcoin pumps. When bitcoin is pumping, altcoins prices will decrease. Moreover, when Bitcoin is dumped, the altcoins prices will go further down. And when the price of Bitcoin consolidated after all this, then there is an altcoin season. Now, the majority of altcoins will test a new all-time high.
this much is true and I also seen the same similar pattern in which if bitcoin prices in general going up, it just doesn't mean altcoin will also go up, usually the dominance of altcoins are plummeted and got eaten by bitcoin first until the bitcoin price is going up so high and consolidate as you said and then thats the time for altcoin season. meaning that if we are entering a new bullish era doesn't necessarily means that every coin out there would be going up at first it will be bitcoin with its massive rally and potentially reaching all time high and then the turns change. that is the time for altcoin to take advantage of the greed of the market and the bullish. Yes, that's because sometimes the effect is delayed or the increase in Bitcoin is too small to influence the others. I think the demand of alts are still the same, it's just that sometimes there are new people who entered and they go on Bitcoin first. When BTC is rising, it gives an illusion that altcoins are falling but it wasn't actually. If BTC price reaches to a higher point, people will be intimidated to buy and they may switch out to altcoin for a while. This is the time that altcoins can catch up and a bull run is officially started. Sometimes people will sell their BTC first, to have a capital. This allows us to see an altcoin season only while BTC price is already dumping. but sometimes bitcoin and altcoins move together, but you can be sure that if bitcoin has increased then altcoins will also experience it, what is usually done by speculators is when bitcoin is bullish and is considered to have reached its climax, they will look for potential altcoins to buy and have not experienced a significant increase, so they still have hope of getting profits according to their targets. things like that often happen during the bullish season and prove to be profitable |
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My only worry about shiba is there total supply, it's so huge, If they can cut down on their supply, like do token burns from time to time, it's possible there might interesting times ahead, even big company like BNB do token burn from time to time, I am still holding some bags and wish it will do well like xrp and Dodge in the future
they total supply certainly become a problem, its the only thing that holds back the coin, even if they do have burns program i don't think it will be of significance, after all, the amount burned will almost certainly some miniscule amount. burning is indeed one way to increase the price, but until now there seems to be no news that leads to this plan. on the other hand if there are whales then this can also help increase the price, just like the previous pumping where there was a pump and dump action on the shiba inu, and that made it famous among the meme coins, but for now if there is no fomo I think it will also be difficult to fly again, actually I also still hold shiba, but it's not in large quantities, who knows it could be a jackpot |
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