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Bitcoin has been holding on at $30k for the past few weeks, and indeed the opportunity to reach $40k is still very open and can be achieved,
it's just that if bad news comes of course we have to prepare another strategy, because if bitcoin dumps below $30k again then $40k will hard to achieve.
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Pi Coin and Bitcoin are clearly different, because Pi Coin includes altcoins and Bitcoin is the first crypto currency created and predictions will be the currency of the future.
so it's very clear if you want to invest who really want high profits maybe Pi Coin can be an option because altcoins have higher volatility than Bitcoin,
but if you want to invest safely for the long term then Bitcoin is still the first choice.
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I have only been invested in XRP for 3 months and its great they have now won the case but I expected more.
You are lucky that you invested in XRP before Ripple won the case. It means you bought XRP at a cheap price. I assume you must buy XRP when the price was still below $0,5. You probably got enough profits if you sold your XRP a few days ago, when XRP price passed above $0,8. But if you expected more than $0,8, you must wait for the altcoin season. For months I have been reading and watching videos online of predictions ranging from $2-10 when they win case and it didnt even reach $1. Why?
It is just a prediction, it never guarantees the increase will be as expected. I even feel surprised that there are people who predicted XRP bounce back to $2-$10 in a short time. Although XRP has good news, but the price takes time to achieve its ATH. Moreover, if people wants the price to go up more than $5, it seems unrealistic hope. Anyway, I am sure XRP will pass $1 again as long as there will be no negative news again. Just keep your XRP if you expect to sell it above $1. Yes my average price is $0.45 - I expected it to go above $1 at least once they won case so didnt sell any. I will just hold for now as I do expect it to go past $1 easily now, just not sure if that will take days or weeks. XRP that is still under $ 1 is a good opportunity to start accumulation, because one of the underperforming altcoins is XRP when compared to other altcoins in the top 100, so buy XRP and if XRP wins against SEC then holders will definitely achieve high profits. |
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You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
I understand and understand what you are thinking, that memecoin can indeed make us rich easily because the pump that is carried out can reach x100 in the short term, but if you insist on buying memecoin you obviously have to be able to manage the risk yourself, and I hope you don't invite people to buy memecoin. |
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- Don't be afraid to lose as this will help you understand trading works.
- Learn about every mistake that we did as this helps us to be more careful the next time
- Keep Optimistic even though we suffered difficulties and losses because this will lead us to become strong
We have to remember that trading is risky and to gain success is not easy and fast. There is no magic in learning so we have to decide to become patient otherwise, we stop and leave.
Indeed, there is no need to be afraid of losing or taking risks, but it must still be considered carefully, trading is full of risks and it requires knowledge and experience, the most important thing is to believe in the process by continuing to learn and remain patient. |
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We don't know when the emergency will come up, but with the experienced we will start to
anticipate and we will allocate a certain amount to save.
It will help to avoid using your investment or your asset as you have dedicated savings
for any emergency it will cover the needs.
During the Covid pandemic, many people did not have emergency funds for their necessities of life and they hoped for financial assistance from the government to help their finances, due to the poor food conditions and high inflation that occurred in several countries. So this condition is a warning for us to save funds for emergency purposes, I suggest that savings be kept in gold investments to provide price stability and avoid inflation, gold investments are easy to sell again whenever we need them for emergency purposes, we must have a savings fund 40 % of the total funds to maximize financial management, also to prevent selling our assets. I completely agree with your suggestion, although gold is an investment asset, it is well suited as a place to store savings because of its stability. Fiat currencies depreciate very quickly, we should not hold them for a long time. But be sure only to use gold for savings, never use a volatile asset like bitcoin for storage. Many people think that putting money into bitcoin to save, but that is a big mistake because, as we have seen, its short-term volatility. Bitcoin is only suitable as an investment, it is not suitable for use as a store of value, such as savings or an emergency fund. How can it be that the crypto market, whose movements are very volatile, makes Bitcoin a place for storage or for saving, that is clearly the wrong decision, if for a place to save then the priority is with low risk, what is clear is saving money on Bitcoin will make you lose. |
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If you are looking to hold for the long term, Bitcoin is the best option. Altcoin investments are riskier and you might lose all your money in a single dump. However, in the short term, you can make a good profit by investing in ETH, LTC, DOGE, etc.
Bitcoin is definitely a good option for long-term investment. Compared to altcoins, the risks involved in investing in Bitcoin are negligible. It's true that altcoins are often considered risky. I think there are still altcoins in the market that have the potential to make a good profit in the coming bull season. If you look at the last short period of time, there are some altcoins that have given people very good profits in a short period of time. For example Gala, Ocean Protocol and mastic showed a good rally.2 days ago, Solana increased its price to $32, which was trading at $8 a month ago. So Bitcoin has its own importance but the benefits of altcoins cannot be ignored. When talking about long-term investment, we really can't ignore Bitcoin, it is a really decent and safe coin for long term investment, other than that a top coin like Ethereum is also a viable option in the long term. |
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Asking about when is the right time, of course, now is the right time to invest in crypto currency,
you can see how the charts of altcoins and even bitcoin are,
that currently the chart is showing the bottom and if you can analyze then you will be sure that it is a good investment time,
and being able to have the opportunity to achieve high profits is now, so buying and holding is the right choice.
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We can say that poverty refers to lack of money, We can consider weather individual are able to full fill their basic needs or not. If He/she are able to full fill their family's basic needs then we cannot consider them under poverty level. Poverty is said to exist when people lack the means to satisfy their basic needs. There are several things to determine poverty like poor education, unemployment, over population etc. We can reduce poverty with Productivity and incomes from occupations and livelihoods are important factors for reducing poverty. Social conditions such as health, nutrition, education and housing influence productivity, thus affecting poverty status.
Poverty is a problem that is so complex that sometimes we only focus on economic deficiencies, be it education, health and others it must also be considered, the government really needs to make an appropriate policy or program and support is also needed to at least reduce poverty. |
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Of course supply circulation is very important for analyzing an altcoin,
because from supply circulation we can know what the appropriate price is for the coin,
it takes a lot of learning to understand it, but if you manage to learn about supply circulation,
technical analysis and fundamental analysis then you will succeed to reach a good level.
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Scam, death both have in altcoins market so why you want investing altcoins?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
Well, altcoins are definitely important to quite a lot of people, but definitely not me, i don't like short term projects, neither do i like to gamble, and these are both peculiar to altcoin investments. I know altcoin investors might disagree, but altcoins are basically risky pump and dump coins with no actual utility. Having said that, i invest in Bitcoin over altcoins because it has an actual utility and i am pretty certain that it is sustainable for the long term, that's the difference to most altcoins that survive only on hype and nothing else. It's all about individual preferences and choices of investment. Some people are so skilled about altcoin investment such that they know when to enter the market and when to exit. While some do not even understand how the altcoin market works and when to enter or exit the market. I am not skilled about altcoin investment but I wish to have little experience to do some kind of portfolio diversification. All I do is bitcoin long term investment and it gives me peace of mind because I wouldn't need to be checking bitcoin everytime nor do I need to close monitor my portfolio. It was a good decision to diversify the portfolio and let us not just focus on one coin, everyone certainly has their own preference and it can not be separated from the experience that has been passed, for long term investment the safe choice is definitely on the top coins. |
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If you are a trader and have an opened trading position, you can not forget One of best weapons in trading. Stop loss order is a very important order type to comprehend and practice in your trading. If you want something better, more advanced, you can consider Stop limit order. More important than any trading order, trading strategy, you must have a good capital management first. Don't use all capital for trading is a good capital management before you start trading. Yes, the strategy must be adjusted to how we trade and that's why the strategy that we think is the best won't necessarily work well with other people, good capital management will produce good results, things like that must be considered too because trading is so complicated and not just about buying and selling. |
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really good news especially now that Ripple is still experiencing a correction and of course it is very good to accumulate, it is very likely that XRP will easily reach $ 1 and even more, but we also have to know when is the right time to accumulate and the time is now or wait in price $0.6. |
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Cardano is still a good investment choice, don't underestimate Cardano even though at this time Cardano is really quite good news,
and it's not even talked about much on social media like YouTube or Twitter, so this is a great opportunity to buy and collect ADA in your wallet to future investment,
I'm sure if Cardano appears good news then ADA will go to the moon easily.
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Of course Bounty will pay if we take part in the bounty program from good managers like Bounty Detective, IrfanPak, Julerz and several others,
and you must first analyze whether the bounty has an escrow or not, if you have an escrow it is certain that you will pay 100%,
but if not then there is still an indication that the bounty is not paid, so make sure you follow the good bounty program.
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* Emotions in trading
This is very common and I can give my own example and own experience for this: For example, you entered a trade and before you entered a trade you already have the plan for an entry price, stop loss price, and exit price. The position is already open and you are already in profit suddenly you saw some news or post on social media which causes a price drop, and then you panic and feel to close your trade immediately even if the stop loss price is not yet met. See? Your emotion ruined your trade position even you already plan everything before you open a trade. Probably emotions are mostly the reason why we often get destructed when trading. That is because we tend to forget that emotions are not good in trading. And while most traders cannot control their emotions when trading, especially when greed is high, that’s the reason why their trades end up unsuccessful not because they don’t have the skills to trade, but because they’re driven with too much emotions that will ruin their focus in trading. Controlling emotions is the most important part that must be mastered before trading, make decisions when unstable emotions will affect and usually end in failure or loss, many things that must be prepared in trading not only knowledge and skills. |
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Many people despise the habit of saving money, they even use the money in credit cards bluff. They do this because they think they will earn more in the future.
People who live in such a mindset are very happy when they spend money, and when they owe money, they are also very calm. They are like frogs that are bathed in warm water. When the water temperature warms up a little, the frogs not only don't jump out; on the contrary, they enjoy being immersed in such warm water.
They think they are very comfortable, but in reality, danger is near. After all, those frogs are cooked to their own delight.
Indeed, people who have no savings means they are killing themselves in the future even if they have a large income, there is no guarantee that their job will be stable until they die. saving is just as important as investing, it is even more important than investing, because investing does not guarantee that it will always bring us a return. Many people are thinking that saving money is a waste because inflation will eat away at the value of our money. what they say is not entirely wrong but depreciating because of inflation will be even slower than we invest in high risk assets and risk losing all assets. Many ignore saving and prefer investing which is not as long as it makes a profit, actually it all depends on each other's decisions, but it would be nice to think about the future by saving. |
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this one thing could be rougly determined from technical analysis honestly I doubt someone could determine this without any technical analysis, though DCA method is one way to get profit and find better entry but it still requires investment overtime which easily means we might also get some bad entries, but with technical analysis i guess we could get rougly estimation of when the market gonna bottoms out.
the most important thing is we have to choose the right cryptocurrency before doing DCA, because when doing DCA in a bad cryptocurrency or shitcoin, then of course it's just a waste of our money, therefore I recommend investing and DCA in cryptocurrency that are in the top 10 on coinmarketcap, because it's safer and for sure the price will increase, so it can give us a big profits in the future. True because a mistake in choosing a coin will only waste money and time, it's very unfortunate for sure if that happens then do some research first or your advice is investing in the top 10 coins in CMC, what is clear is that all decisions are in the hands of each. |
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I don't think living a life of luxury makes us better people. In fact, money has never even come first in societies with virtue ethics. However, of course, I admit that we always need some money, but money is no more important than the values that make us who we are, and a life spent chasing money is a life wasted. I think I have completed myself lately and no matter how much money I make, I will never change my personality and character. Replying to the topic in this context, I always prefer a few crumbs of Bitcoin over any quality watch.
Being a better person is certainly related to personality and character, with lots of money or living in luxury doesn't mean it will make us better, that's clear, money is not a tool to measure a person's worth. |
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For now I think Ethereum is just an ordinary altcoin, not a king anymore,
yes we know that Ethereum is still in the top 2 Coinmarketcap and is still the top platform,
but as long as we know that what makes Ethereum not the king anymore is the very high Gas Fees ,
if the Ethereum team fixes the gas fees problem I'm sure Ethereum can be king again.
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