Investing doesn't guarantee us to be rich because investing involves a lot of risks, and there is no guarantee that the investments we have will earn a big profit. The market is unpredictable weather it is a stock market or crypto market and there is always a chance of losing money. Investing really requires patience and discipline and it may take more years for investment to grow. We should have the knowledge and skills before we invest. It is important to make a research first before investing to any kind of investment. Never invest what you cannot afford to lose.
Investing is a commonly used method for potentially growing wealth, but it does not guarantee that you will become rich in a short time because investing involves allocating money or resources with the expectation of generating profits or returns over time. It totally depends upon the risks you take, market volatility, your time to research and learn, and your ability to bear losses. Sometimes it is a method of long-term investment where you earn from different resources. Also, it’s important to note that investing should be done based on an individual's financial goals, risk tolerance, and personal circumstances. Someone shows an interest in short-term investment, and they do that well in the right span of time. |
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Welcome to the forum mate,
Well I can see some members have already given great tips to start up your stay here in the community and if you want to grow and also improve your skills in bitcoin technology and the forum here you probably best follow those instruction and guidelines given to you.
Yes, your advise is ideal for someone who is just getting started in the crypto world. We welcome to newbies on this forum who really want to learn and earn something else. There is no matter what you choose or how much you invest in if you have a sound understanding of crypto trading. However, if you have money and want to invest in trading, you need first learn and gain experience before making a decision. Because you cannot evaluate the behavior of the crypto market or generate money from it unless you have a thorough understanding of fundamental and technical analysis, risk assessment, and so on. So, do your research thoroughly and start with low-value tokens rather than high-value tokens. Furthermore, you must remember the loss first. |
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I think that the important point here is to regularly analyze your actions and, based on the analysis data, already make the right decisions. Otherwise, the trader usually does not get the best result.
Maintaining profitability in the cryptocurrency market can be challenging due to its highly volatile nature. Start by understanding the fundamentals of cryptocurrencies, blockchain technology, and the factors that affect their prices. Also improve your experience by analyzing the market, risk assessment, decision making ability, and specially control your emotion while escape n the position showing loss or any up down. Before investing in any cryptocurrency, conduct comprehensive research about the project, its team, the technology behind it. Additionally, spread your investments across multiple cryptos to take the edge off risks. Because investing in cryptocurrencies involves risks, and there are no guaranteed profits. |
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It’s not a big amount but it’s simply what beginners only need so they can manage their losses if ever their trades become unsuccessful. And since they have less experiences with trading, then they should not jump into putting big amount of capital because that will only mean huge amount of losses as it’s rare to see newbies in trading ends a trade with a huge amount of profits.
Hmmmm, well said, Investing in cryptocurrencies with a low investment amount is possible, but it's important to approach it with caution i.e take the time to understand the basics of cryptocurrencies in detail, their potential risks, market assessment etc. Before taking any trade, at first, look beyond the well-known crypto coins and explore low-cap or smaller and should have potential growth. Secondly, spread your investment across multiple cryptocurrencies to and for any market risk. After taking any decision, be calm and take the analysis of step taken. Remember that investing in cryptos, especially with a low investment amount, carries risks. It is good to only invest what you can afford to lose and be prepared for market fluctuations. |
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Yup exchange and BTC are different things and exchange (Binance and other exchange would disappear) most of us wouldn't care much, but we aren't the only investor.
There are some who got into crypto because of trading, and they might be doing it only on those exchange because they only trust those exchange.
And besides some of us are using centralized to liquidate our crypto that's way some of us really care so much about those centralized exchanges.
Yes, people give significant importance to exchanges because they serve as the primary platforms for buying, selling, and trading cryptos like Bitcoin. Exchanges play a main role to facilitate, liquidate and accessibility of cryptos, enabling users to convert their fiat currencies into digital assets instead of traditional system towards digital wallets to save the cryptos. They also provide a marketplace where buyers and sellers can deal in, examine the prices, and make transactions securely. These exchanges also offer different features by allowing users to take solid based decisions. Moreover, exchanges often provide additional services like wallet storage, security measures, and customer support, which enhance the overall user experience and trust in the crypto system. |
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Both in banking and bitcoin they have advantages and disadvantages from their respective angles depending on the conditions we see.
But indeed in this case when there are risks, of course there are interesting things in it that are the attraction for bitcoin to date.
Volatility is something that continues to be discussed and considered but that is precisely what makes bitcoin even more attractive to be used as an investment asset if you look at it from my current point of view.
I agreed with your opinion. Bitcoin and traditional banking investments have different terms and scenarios. Bitcoin offers decentralization, quantitative supply, and potential for high earnings, but it also have several risks. But, in the banking investments, on the other hand, provide stable, controlled environments, and investing options, and have offer lower returns. Bitcoin's appeal its potential to disrupt financial systems, while banking investments appeal to individuals seeking stability. Ultimately, the choice depends on individual risk taking ability, investment goals, and understanding of the respective markets. Diversifying both options may provide a balanced approach, but also depends upon the capital you have and interest of investment. |
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Do you already understand enough crypto investment? I think since you are a newbie, you should focus on learning first. The focus shouldn't for gaining as much as profits. $1000 is too big money to use for your start, just use smaller amount of money. $100 is enough for your early investment, the focus is on the learning. But if you think that you already have enough knowledge and experience, $1000 is no problem to use as your capital.
Yes, your advice is much suitable for the person who is recently involved in the line of cryptos. I you have sound knowledge about crypto trading, then there is no matter what coin you choose and how much invest in. But If have amount and think to invest in the trading, well, you should learn and gain experience first than take your decision. Because without a detailed knowledge about the fundamental & technical analysis, risk assessment etc, neither you examine the behavior of crypto market and nor the chance to earn money from it. So, do your homework completed all the way, Start your trading with low value tokens rather than towards big. Further, you must kept in mind about the loss first than profit. |
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The difference between investing and staking is clear and if we investment its like kept money in bag only , its reach profit like value increased trust it and in staking double the profit get it and in future increased value is more then the investing value and we get trusted profit then the staking value given a more profit and this is my opinion .
In order to consider the subject, you must know that staking and investing are two different approaches to growing your wealth, and the choice between them depends on various factors, including your financial goals. Staking is primarily associated with cryptocurrencies and blockchain networks while as Investing refers to allocating capital with the expectation of generating a return or profit over an extended period. Staking can provide a way to earn passive income or profit from your crypto holdings, while as investing refers to build your wealth through dividend, interest, rental etc. You must balance your approach towards the utilization of your capital and, diversifying your investments across various asset classes if you have big amount in hand. I think investment is the suitable option for small level traders. |
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Of course, before investing or trading in crypto-currencies, one should have a thorough understanding of crypto-currencies without having any idea or experience. If one invests in Bitcoin only on greed, there is a high chance of making a profit, let alone a loss. And if trading can be done in the right way, trading can be done according to the right rules, then it is possible to gain profit from that trading. When a new person is involved in trading or investing, various fraudsters try to cheat the new person and those new people are cheated because they are not experienced enough and have no idea about it, so always be aware of these scams.
Surely, starting up with cryptos requires careful planning and preparation to enter in the market. Determine your trading goals and objectives i.e either you are you looking for short-term gains or long-term investment? Define your style of trading and consider your available time and preferences to select a trading style that suits you best. Develop your trading goals and strategies because It helps you stay disciplined and consistent in your trading approach. Regularly review and update your plan as needed. Crypto trading takes time, effort, and experience to become a successful trader. Be patient, persistent, and committed to continuous learning and improvement. But to implement all these things, you need to study about the cryptos and acquire basic knowledge and technical skill by joining the relative forum and community support platforms. |
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In trading, on margin or spot, risk management must really be considered because the market can change direction at any time, so we have to think about what to do if we face it. Never use too much money if you are not good at trading and don't have sufficient skills in trading because that will only make you trapped without being able to do anything and can only wait to sell.
Regarding the quote, I want to say that, Risk management is a crucial aspect of both business and trading. It involves identifying, assessing, and mitigating risks to protect the interests of an individual engaged in trading activities. The first step is to identify potential risks and their impact of occurrence on your trades .Then the next is how you prepare yourself and develop strategies to mitigate them. Regular review your work and with routine day to day analysis regarding the risk indicators and market trends can help identify emerging risks and enable timely adjustments to risk management strategies. Keep in mind that risk management cannot totally remove all hazards; rather, it seeks to lessen their effects and pave the road for successful trading in the future. |
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Among the list, this is the most I agree. Because before you will become profitable in trading, you need to develop your strategy. After you develop, you need to master and practice it.
But before you develop your strategy, for sure you will first have a lot of experience and that is difficult like using a lot of indicators or chart patterns, joining some community about trading that could help you to interact with some traders and discuss different strategies, it will help you to choose yours.
Yes dear, you have rightly said that in order to gain expertise in any field, there are some basic things and basic principles that must be followed, and it is equally important t to understand them. When you choose a line of profession your own, it is important that you have the right information’s and perfect your studies accordingly, define your goals and targets then you are practically involved. Additionally, you do have knowledge about the analysis, about risk management, positions of market trends and how to evaluate your assets in right manner. It can be helpful to practice with virtual or paper trading accounts before risking real money |
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Maybe you could teach them the basics so they could have a background when Bitcoin was mentioned to them. If people might impose their ways then just simply tell them that "your dad is doing crypto you could ask me about it" because for sure they would be curious as others are teaching them something they don't know. Thing about forcing them to learn is that they couldn't even absorbed yet those complicated knowledge which is not suitable for their age.
Yes I agree with your sentiments about the subject issue. Although, children’s are very sensitive and their interests and hobbies are different. But along with partial synthesis and traditional studies, efforts should be made to attract them to other hobbies as well. They should also understand what is good and bad. In order to improve their abilities and expand their mental capacity, it is important to teach them different types of skill. Force and coercion do not lead to improvement in any case, rather it leads to deterioration. Just try to give them awareness about the cryptos that how they work and to use. If this thing excites them, and they want to participate with a better understanding of it, then they should do once they reach the legal age. |
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basically bitcoin is currently more widely used to get money, where by investing it will get multiple results. however, to achieve this we must have knowledge about bitcoin, because if it is wrong, we can lose money, this is experienced by many people with various stories, most of them are due to a lack of knowledge about investing in bitcoin.
Bitcoin offers financial, technological, economic, social, and environmental benefits through its decentralized system, lower transaction costs, and protection against inflation. Challenges include volatility, legal and regulatory issues, and environmental impact. Bitcoin operates on a decentralized network called block chain which provides individuals with more control over their finances, especially during their trading on digital sites when trust in traditional financial institutions may be low. Bitcoin transactions are more secure and resistant to frauds or hacking. Although it has to be admitted that anything can happen at any time in the internet world. But all those institutions and exchanges that are doing business have many security systems and measures within them to make the system stronger and better. I think you can easily trade and earn money on this platform. |
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We don't need to be a full term trader for us to be a trader. If we have a job we are doing, it is good for us to do the two together. We can even trade at workplace when we are less busy and go about our normal analysis looking for where to buy or sell. There are different ways we can utilize our trading and we don't have to force. We can even analysis the market before going to work in the morning looking for a possible place to buy and sell. This could help us set a buy limit or sell limit that may trigger if price reaches the level for it to trigger.
Managing a job and trading simultaneously can be challenging, but with proper planning and discipline it is possible to balance both. Clearly define your trading goals and objectives which help to built a well-defined trading plan and your strategy, including buying and selling of your assets. Set aside dedicated time for trading, preferably when you're free from work-related responsibilities because effective time management is mandatory in this scenario. It's important to maintain a healthy work-life balance to avoid burnout, because when you trade with a tired mind, you lose yourself based on not giving adequate time. Therefore, maintaining a job and trading together needs self-control, anticipation, and honesty. |
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First of all, it's always good to maintain your emotion first in order to have a nice time while trading. You don't want your emotion to take control of your decision for example anger or greedy for most cases. Most of the bad cases are happened because of the greediness and that's so easy to mess you up.
It's true that it's difficult to actually maintain your emotion especially if you already have it since birth but still there must be a way to at least reduce it a little bit.
Emotions and trade are two different aspects that can intersect in various ways. Emotions, such as fear, greed, and excitement, can affect the decision-making process in trading because Successful traders often emphasize the importance of emotional discipline. Sometimes you feel your loss while trading in the market. So even now if you control your emotions then you will hope to get food profit in next trade. Meanwhile, you should also consider the factors that make it diffluent for you to take decision. While emotions and trade can intersect, professional trading requires managing emotions effectively and making decisions based on analysis, strategy, and risk management rather than impulsive response |
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Knowledge is really important in trading; it is your ability to survive in all market stages. You can take self-learning if you wish because there are many ideas available for free on the internet, but it takes time to implement on your own. If you want to learn quickly, you can join a mentorship program, but only if you choose genuine mentors. The advantages are that the mentorship cost is fairly cheap in comparison to the potential losses if you enter the crypto market without sufficient information. Aside from that, you can also learned from them about how institutions works in the market and this is quite an advance learning.
Good suggestion, and you are right. Being a newbie in trading you need to have a lot of knowledge and understand the techniques before you start. Take the time to learn about the fundamentals of trading, including trading strategies, risk management, and technical analysis. First, determine how much amount /capital you have spare or surplus to invest, that’s because you might face losses if some of your decisions are not good. Create a well-defined trading plan and your goals, that outline your strategy and risk tolerance. Trading is an ongoing learning process. So stay updated with market news, follow experienced traders views, and regularly evaluate your trades to identify areas for improvement with paper trading. Also, join different forums and communities to improve your skill towards trading and market analysis |
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It's important that your friends' financial situation is really okay. If your friends are currently unemployed and struggling financially, this may not be the right time for them to invest in Bitcoin or any other speculative asset. Instead, you can focus on assisting them in their job search and providing resources and guidance regarding job opportunities. By helping them find stable employment, they will have a stronger financial foundation on which to consider future investments. So you have to respect their individual circumstances and avoid pressuring or convincing them to invest in Bitcoin if it doesn't suit their current situation. Everyone's financial journey is unique anyway, and it's important to support them based on their needs and goals.
Yes, I agree with your opinion. But additionally, If you're interested in inviting a friend to join the world of Bitcoin. It’s important to make sure they have a basic understanding of what it is and how it works. You can provide them with articles, videos, or other resources that explain the concept of Bitcoin in an easy-to-understand way. Remember, Bitcoin is a new and innovative way that can be exciting and rewarding, but it's also important to be cautious and responsible. Remind your buddy to use Bitcoin responsibly by educating them on the dangers and potential drawbacks of doing so. Encourage them to keep learning because there is always more to learn about the sophisticated technology that is Bitcoin.. Do your investment in the market regularly but, before taking any opportunity or decision, must take into account that you are well aware about the steps taken by |
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That’s it. You could save a good amount of money in a bank while you are still investing with bitcoin in the long term. But my advice is that never invest all your hard-earned money, let half of it becomes your personal savings and save for emergency funds as well, and maybe half of it is for your investment. As for investment, do not just focus on bitcoin but learn to diversify too. Invest in gold and stocks as well, but put a bigger portion for bitcoin.
Although it is quite difficult to choose but the decision to invest in a bank or purchase gold 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 such as savings accounts, certificates of deposit (CDs), or money market accounts which has marginal profit but has the safety. While as Gold has been seen as a hedge against inflation. Unlike interest-earning bank accounts, gold doesn't generate income. But it is also important because day by day its importance and value is increasing. When you consider the current environment, Bitcoin has a tremendously strong influence which you cannot ignore. If you fully understand it, it will be more profitable. So in my openion, be a part of Bitcoin community and earn more. |
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Giving children bitcoin as gift is not a bad one but the age at which to be given that is what matters, children that are under age don't need bitcoin because they are not matured enough to keep it safe. What children needs to understand well is to know what wallet will be good for bitcoin and the best way to store the seed phrase, by the time all this have been introduced to them by the time they get to the age of investing , they will not have problems because they already know the importance things which they suppose to know.
I absolutely concur with your suggestion that we educate our kids through a variety of approaches.. We also have to pay attention to the practical skill while meeting their mindset and age regarding their intellectual level and requirement. Teaching children about Bitcoin and cryptocurrencies can be a valuable educational experience while they are attracted or interested in. The decision to introduce children to complex financial concepts like Bitcoin should consider their age and understanding, this will increase their technical thinking, trading awareness and financial literacy. However, it's important to approach teaching children about Bitcoin with caution and age-appropriate content. Overall, teaching children about Bitcoin can be a valuable educational experience. |
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Personally, trading is not promising us for getting rick quick and many time trader or investor loss their money after doing fatal mistake like investing when the moment on all time high price. But have progress with many people show us with their success achievement after investing or trading in cryptocurrency but why not ask about how much loss and how many days they have active in trading? Trading is not easy like our imagination with earn profit 20% until 40% every day, many investor loss their investment in cryptocurrency trading from investing in shit coin until unpredictable mistake with potential project collapse like Luna coin network.
Better removed mindset about trading is one way how to get rich quick, running as usually and step by step learn how to be success in cryptocurrency trading for consistent earn profit although not huge profitable.
I do agree that trading is not a get-rich-quick scheme. But, it requires time, effort, knowledge, and experience to become a consistently successful trader. Although it is possible to make profits quickly in trading, but it requires the positive approach with realistic expectations and understand the risks involved. Trading requires a solid understanding of market dynamics. Managing risk and having a disciplined approach is crucial to navigate market volatility. Trading is about assessing probabilities, not predicting outcomes with certainty. Realistic expectations and continuous learning build your confidence level and capability to take risk and make you a good trader/investor. One thing more important is that on initial level, you take by-part trading i.e small trading instead of all at once. |
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