We trade in order to profit from the market's prospective, and I have no doubt that not all traders have settled scores with their risk management. Some greedy traders are always looking to acquire everything, but they forget that things don't always go as planned in the space; the market has a way of shocking everyone who is expecting much more, especially addicts. Risk management governs our trades and compels us to consider how much we are willing to lose and gain. Knowing both is a delicate balance, and the risks are well worth it.
I agreed with your described fact.I think that Risk management in trading cryptocurrency involves implementing strategies to moderate potential losses and protect your investments. Many traders diversify their portfolio by investing in a range of cryptocurrencies to reduce the impact of any single asset's volatility. Setting the t stop-loss orders helps limit losses by automatically selling an asset when it reaches on the predetermined price or level. It also depends upon the implementation of your technical strategy and proper position sizing techniques ensures that no single trade carries too much risk. Additionally, you can reduce certain possible risks by keeping an eye on market trends, news, and technical indicators. Effective risk management in cryptocurrency trading requires a systematic strategy, exhaustive research, and ongoing oversight. |
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True even investors in Bitcoin might sell some of their assets for them to have funds for their needs like food or essential requirements. It's actually good to invest when there's a case like this where there's an economic downfall so when in times of need you can sell and have some money. The worst scenario is when there's a high rate of inflation while the income of a person still remains the same so it would be a survival every day as your salary is only sufficient for your needs. Bitcoin for sure would have been negatively impacted by this issue, but some people take advantage of its downfall and will try to invest in it so that when it recovers they could also earn.
During an economic depression, the effect on Bitcoin can be influenced by several factors. On one hand, the increased uncertainty and financial instability associated with a depression can drive some investors towards alternative assets. Sometime the increasing demand of Bitcoin as a potential store of value can lead to a rise its price. On the other hand, economic depressions often result in widespread financial hardship, inflation in government policies may reduce consumer spending. These factors may also have a negative effect on Bitcoin as users may sell their holdings to meet needs or pay for immediate expenses. Naturally, the impact of a recession on Bitcoin is complex and depends on a number of market and economic factors. |
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My assumption is that in the real world Bitcoin is still considered an investment asset and also a commodity asset that can be traded. But if one day in my country Bitcoin can be used as a means of payment then from then on maybe I will consider Bitcoin as currency. But when talking about the internet world. So I also consider Bitcoin as a digital currency in the internet world. so the conclusion is that in the physical world Bitcoin is only a commodity asset but in the internet world Bitcoin is a digital currency.
Bitcoin can be considered both an asset and a currency, depending on the situation and perspective. As an asset, Bitcoin is a digital currency with some value that can be bought, sold, and held for investment purposes. It is similar to traditional assets like bonds, certificates, or real estate, with its value subject to market rise and fall. On the other hand, Bitcoin can also function as a decentralized digital currency. Bitcoin can be used as a medium of exchange for goods and services, and it has gained acceptance as a payment method in different countries as well as on online platforms. Some followers argue that Bitcoin's limited supply makes it an alternative currency that offers benefits regarding transaction fees and faster cross-border transfers. So, by definition, whether Bitcoin is considered primarily an asset or a currency depends on individual perspectives and their specific use. |
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It is not all coins that is decentralized and transparent as they claim and you know about this. We should applaud bitcoin for being truly decentralized. And again as you stated, the ability of bitcoin to rebounce after several crashes is very unique. It is very rare to see a coin that will crash more than 70% and still survive. Bitcoin holds a very good record for that.
Taking about fighting inflation, well I can say it is so but I still have my doubt about this for it will be a topic for another day.
I would like to say that, Bitcoin is distinctive because, in contrast to traditional currencies, it runs on a decentralised network called blockchain, which does away with intermediaries like banks.Blockchain technology for Bitcoin offers immutability, security, and transparency. high degree of trust and integrity is guaranteed by the verifiable and immutable nature of transactions recorded on the blockchain. Bitcoin has also become a symbol of the broader cryptocurrency and block chain movement, inspiring the creation of thousands of alternative cryptocurrencies and driving innovation in various industries. Moreover, its increasing liquidity makes it unique amongst others, and people trust it. |
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On the contrary, i think either online or offline both earnings are excellent. They all depend on your field in the respective aspect. SO the question is, are you employed outside crypto currency? does your offline job affect or lets you work remotely too? In the economy today, it is important to embrace both offline and online jobs roles if you have the opportunity because there is inflation.
Trading? trading is not a job, please be mindful. Trading is a skill acquired that lets you earn more money than losses. Equip yourself competently.
Compared to offline employment, making money online has a number of benefits. First of all, online job prospects offer flexibility in terms of working hours and location, enabling people to work from home and maintain a work-life balance. Online profits can also be scaled and frequently have inexpensive startup expenses, which increases the potential for income. Nevertheless, depending on one's abilities, choices, and circumstances, offline employment can also have advantages, such as in-person encounters and regional business opportunities. In the end, deciding between online and offline earning depends on a person's goals, skills, and the chances that are accessible to them in their particular context. |
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well, it's better to have knowledge about trading than to depend on signals. it's just that, depending on the signal also has a pretty good effect until now. that's why there are still so many who depend on signals compared to deep learning about trading. besides that, signals are also something that is important in learning to trade, it's just that people are sometimes lazy enough to do analysis so they are willing to buy signals where they believe in the analysis.
According to my opinion, it is more important to understand that trading is more important for us than signals. Without knowing the fundamentals of trading, when you trade in the market,it is difficult for you to understand exactly what the current market situation is, the level of volatility, and what decision you should take. On the other side, trading signals provide valuable insights and analysis. Following signals can also provide a sense of confidence and guidance, especially for novice traders, although signals are not foolproof and can be influenced by biases or market conditions that may change rapidly but sometimes provide a pathway. So you first solidify your trading concepts, then compare your trade with them.. |
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I see a lot of parents on this forum with the same thought, they think to teach bitcoin as soon as possible, and they think making a copy like them will be good for their children and society. I am a father and an avid bitcoin investor, but I have never taught my children anything related to bitcoin. It's not that I'm against or won't teach them bitcoin, but I think everything should be taught in an orderly and age-appropriate manner. Let them have a meaningful childhood, don't force or scare them to remember their childhood.
Teaching kids about Bitcoin can be beneficial for several reasons. Firstly, it introduces them to the concept of digital currency and also helps them understand the evolving financial background. It can also be helpful for them to promote financial literacy. You may teach them about concepts like decentralisation and blockchain technology. Moreover, learning about Bitcoin can develop critical thinking,which helps explore the risks and rewards associated with investments and technological innovations. By introducing them to cryptocurrencies at a legal age, kids may also develop an entrepreneurial mindset. In the meantime, it’s our responsibility to provide them with an age-appropriate education at first and later suggest joining a given trend of interest. |
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If I should understand you clearly, I would rephrase your words to be, will my coins be more secured if I use a more expensive hardware wallet?
If it depends on the expensive cost of acquiring a hardware wallet to get a guarantee of security, I wouldn't think twice if I can afford irrespective of the cost.
The more cheaper plans or hardware wallet can do good too, if you can remember to always adhere to keeping your keys safe and taking into cognisance other security protocols.
I respect your opinion in this matter. Price alone does not determine the security of your assets. Security is a multifaceted concept influenced by various factors. While a higher price may indicate the value or perceived value of an asset, it does not guarantee its security. Asset security depends on factors such as the underlying technology, encryption protocols, regulatory compliance, access controls, , and the overall robustness of the system protecting the asset. Additionally, external factors like market conditions, economic stability, geopolitical events, and technological advancements can impact asset security. It is crucial to consider a comprehensive approach that encompasses both the intrinsic qualities of an asset and the broader context in which it operates to assess its security. |
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OP, First of all welcome to this forum. I would like to ask you how you came to be here. I mean did someone guide you or did a friend inform you about it? And why did you decide to join this forum? Is it to gain knowledge and information about Bitcoin and other cryptocurrencies or is it to earn money through Bounties Signature Compaigns and similar methods? Allow me to provide you with some information. Firstly, it is essential for you to familiarize yourself with the rules of this forum understanding what types of posts are acceptable and what actions may result in your account being banned or flagged with a red tag.
Trading forums are crucial for learning, accessing information, and networking. Challenges include scammers, information overload, and time management. For successful participation in trading, must join the right forum, continuously learn and read the rules of experts. To discusses trading, must know about its basics, terminologies, types, market role. Successful trading involves understanding market trends, analyzing indicators, researching the market, developing trading strategies, analyzing technical indicators, and staying up-to-date on industry news. Bitcoin forum is very helpful for discussion point of view and to enhance the knowledge for beginners about cryptocurrencies. |
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Other users have answered your question in different ways basically the staking and the investment. Everyone has their say. And my say is that you can't compare investment to staking. . Investment is much more longer in Profit than staking. Although the way I look at it. They are almost the same in content.
You are right here.Staking and investing are two investment strategies with different benefits and risks. Staking generates passive income, minimizes volatility risk, and requires no constant monitoring and also depends upon our goals, targets and preference. While as, investing offers higher returns, diversification options, and access to different markets on regular basis. Risks include loss of staked assets, limited liquidity, and dependence on network success. Comparisons include short-term vs long-term gains, risk tolerance, and involvement level. Commonly, the main factor that I think affect is your priorities and level of investment. |
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I think the reason may sound general, but the dominance is like this. First, many people store their crypto on exchanges because they think exchanges are a comfortable place to store and manage their crypto assets. Exchanges often provide easy-to-use interfaces, and users can easily buy, sell, and trade their assets.
I think storing your assets on exchanges has both advantages and disadvantages. On the positive side, exchanges provide convenience and easy way access to your assets for trading purposes. They offer security measures to protect user funds. However, there are risks involved. Exchanges can be helpless to hacking attempts, and if an exchange is compromised, your assets could be at risk A major portion of your assets should be kept in a separate, secure wallet that you control, such as a hardware wallet or a software wallet with robust security features. This gives you more control over your possessions and reduces the danger of loss or theft. So it depends on you how many safety measures your adopt to secure your assets. |
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I think that those who come into trading with the idea that trading will easily make them rich in a few days, trading is not really for them. Effort, time, and patience are essential to be successful in every where, and it is also in trading. But if we look in reality then most of people are come to trading with the intention to get some quick money. And those who can move away from this idea and actually gave there effort those can be successful at the end
I think those people who come with such idea have some psychological issue. To become a consistently successful trader, however, time, effort, expertise, and experience are required. Though it is possible to earn quick profits in trading, it requires an optimistic attitude, realistic expectations, and an understanding of the risks involved. Trading demands a thorough understanding of market conditions. Risk management and a disciplined planning are essential for navigating market volatility. Trading is about evaluating probability rather than predicting events with certainty. Realistic expectations and ongoing learning increase your confidence and ability to take risks, making you more successful trader/investor. More importantly, on the initial stage, you conduct by-part trading, i.e. small trades, instead of everything at once. |
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If you want to trade in bitcoin, you need to trade bitcoin with some wisdom. Suppose you trading some money in Bitcoin, you split this money into two parts, trading the first part of the money long-time in Bitcoin, and convert the second part to stable coin. Later when the market price of bitcoins drops, or the bitcoin market crashes, trade bitcoins with this money. Then you will get good amount of profit immediately. So if you trade Bitcoin like this you can get success very quickly.
There are different exchanges where you can trade safely in Bitcoin. If you are well aware of crypto trading, then there is no problem earning marginal profits through it. As with every business, there is a rule that before starting it, you should get enough information about it, work thoroughly on it, review and analyze it in detail, and then start it. The same is true with cryptocurrency. Trading Bitcoin successfully requires a combination of knowledge, skills, and strategic decision-making. Start educating yourself with dedication. Select a reputable cryptocurrency exchange that offers a user-friendly interface. Define your trading goals and utilize technical indicators. It is better to invest in different coins rather than one for any loss. |
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Though investment doesn't guarantee one to be rich, it is a sure way of getting rich if one makes a wise decision as to when to buy and when to make sales. The factor that you listed are great but also your source of funds for your investment matters there are some specific investments that you know are for the short term while some are for the long term this should be taken note of when investing.
I agreed that, Investing can potentially provide opportunities for someone to accumulate assets or capital over time, but it's important to note that there is no guaranty of becoming rich through investing. Meanwhile, some individuals have achieved significant wealth through successful investments but it carries a level of risk. It requires careful research, analysis, and decision-making ability regarding your investment opportunities. Additionally, factors such as market conditions, economic fluctuations, and individual circumstances can impact investment outcomes. Remember that without learning and skill towards market trends you cannot master your investments. Ultimately, investing should be approached with realistic expectations and a focus on your financial goals rather than solely aiming to become rich quickly. |
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Anyway Bitcoin is a digital currency not a profession. And there is no way that Bitcoin can make people employed. But we may earn Bitcoins in many ways like trading, holding etc. I think you should first learn the actual definition of Bitcoin and how it works. Many people are involved in Bitcoin and earning through many ways and also people are losing too. So be aware when using digital currency.
Yes, you are right. In a simple word, you can say that there is a source of livelihood, but it cannot be termed permanent employment status. Because Bitcoin trading has had a significant impact on employment in various ways, It has created new job opportunities in the cryptocurrency industry for traders, analysts, and brokers who specialize in or are well aware of Bitcoin. These professionals provide services and expertise to individuals and different platforms looking to trade Bitcoin. Additionally, the growing popularity of Bitcoin helps create jobs in customer support, software development, and security. Overall, bitcoin trading offers opportunities, particularly in sectors related to cryptocurrencies and blockchain technology. |
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There's no way to mine bitcoin for free; it's kind of hard to do. You have to make up your mind to try to invest in bitcoin if you do know more about it and the risk on it because you still have to be aware of the risk it takes while buying bitcoin, so i think that is the key. You can't just decide or think that you can earn bitcoin without any investing in it; typically NO it cannot be possible by this point.
There is no way out to earn free Bitcoin but with struggle and dedication towards job. There are several ways to earn money through cryptocurrencies, such as Bitcoin. Among the others, one easy strategy is to buy Bitcoin and hold it in a digital wallet for a long time to earn a marginal profit. Regular trading of cryptos, i.e., Bitcoin, speculatively while monitoring the market situation is another way. Some cryptocurrency platforms offer affiliate programs or referral bonuses. By referring new users or customers to these platforms like Bitcoin, you can earn a commission or rewards based on their activities. You can offer your services or expertise related to cryptocurrencies to different traders for marginal profit. It must be kept in mind that these methods carry their own risks and require thorough research, understanding, etc. |
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trading without analysis and learning as you do is very risky. because if you use mood/instinct it's not trading but gambling, because trading uses analysis and various strategies to be able to minimize losses and get profits. whereas gambling is that you actually buy an asset and hope that it goes up or down, you don't use any method, just stick to your feelings.
there's nothing wrong with you from now on starting to learn to analyze the market based on the news. No need to be complicated to learn charting, just learn the fundamentals. trading like this is much more fun, because we can see how we try to analyze and get profit and when it works we will definitely appreciate trading more.
Bitcoin is often considered a good platform for trading due to several reasons. It has high liquidity, meaning it can be easily bought and sold. Bitcoin operates on a decentralised network, providing accessibility and eliminating intermediaries. Its price maintainability creates opportunities for potential profits through short-term, long-term, and part-time investment. The round-the clock nature of the Bitcoin market allows users to trade at any time. Additionally, Bitcoin's global recognition makes it a popular and known choice among traders throughout the world, contributing to its trading potential. Remember that before trading in Bitcoin, you must first learn and gain skill about cryptos and be aware of and prepare yourself for the profit and loss margins. |
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The tips that people provide are the result of their experience, but as a beginner, when I want to trade, I understand them. I read tips that I will not understand until I make personal mistakes.
The most important thing is to start trading in the demo, where you can trade without losing your money, and from that, all advice will be realistic instead of just words.
The only downside is that your feelings will not be under pressure since you are not trading with your own money, so sometimes experimenting with trading with small amounts may be the best.
Agree with you that no tips and tricks involved here , actually trading is much easier to understand only when your goals and targets are specific. As such says that successful traders learn from the mistakes. Well said here that your personal intention towards the crypto trading always helps that how to pay attention and how to play. You must keep yourself updated with the latest news and trends in the cryptocurrency market. Do the practice of risk analysis/ management. Also consider that that crypto trading involves risks, and there are no guarantees of profits. It's advisable to start with a small amount of capital that you can afford to lose, especially if you are a beginner. |
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Banking investments are good, but the problem is that it is associated with the government and has to abide by all the rules imposed by government. In this manner the government and banks have access to your funds and they put restrictions on it. Like you have to follow a certain rules and regulations for the investments. On the other hand Bitcoin’s decentralised nature helps us to invest in many directions with variations. And here we are the boss and we only have complete access to our funds and investments. This is why, I would love to invest on BTC at any time, rather these Bank investments.
Although it is quite difficult to choose, the decision to invest in a bank or purchase something else depends on various factors, including your financial goals, risk tolerance, and market conditions. Investing in a bank typically involves depositing your money in various financial products, i.e., savings certificates, accounts, fixed deposits (CDs), or money market accounts, which have marginal profit but have safety. While Bitcoin has been viewed as an inflation hedge. Unlike interest-earning bank accounts, Bitcoin does generate income with your investment. The value and investment in Bitcoin are increasing day by day. When you consider the current environment, Bitcoin has a tremendously strong influence that you cannot ignore. If you fully understand it, it will be more profitable. |
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