I have found bitcoin knowledge videos for children on the YouTube site, maybe an explanation of simplified material about bitcoin will help explain to grandparents or parents who are unfamiliar with digitization, other solutions you can explain based on the antonym of the bank system that no one can manage and price levels are followed based on supply and demand.
Comparing grandparents and children is not correct, since the former are already retired and the main thing for them at this stage is the upbringing of their grandchildren and the rest they deserve for their many years of work. As for children, they have their whole life ahead of them and there is plenty of time to acquire new knowledge. |
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I would be very surprised if anyone is still falling for this sort of crime today. This scheme is very cheap and everyone should have heard about it by now...
As long as there are newcomers who are not sufficiently aware of how the cryptocurrency market functions and the basics of its security, there will always be an offer from scammers that will be aimed at taking money from them. So the main thing for saving your deposit is knowledge. |
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...What would be your advice for those wanting to trade as a newbie?
On a bullish trend, even a beginner who does not have sufficient knowledge about trading can make a profit from trading. In this case, it will be like a casino. But he will also quickly lose his money if luck turns away from him, and this will definitely happen to him, since trading requires knowledge, not just luck. |
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When I saw the OP title, for a moment I thought let's check what's the inside story but dear unfortunately you disappointed me...
He not only disappointed you, he disappointed all those who adhered to his trading signals, which he gave here in a separate thread, of which none was fulfilled. Since then, more than a month has passed not appear on this forum, as his reputation was badly damaged. |
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For a trader, actually the bullish season and the bearish season are not much different, because they take advantage of every moment indicated by price movements. ..
This is true only if this trader has experience and is able to trade profitably. But trading on the bull market allows you to earn not only experienced traders, but also beginners. Because there is nothing easier than to buy today and sell tomorrow, while making a profit. That's a thought that I think tends to be short, I don't mean that anyone would want to buy now, buy now and sell it tomorrow with the profits you get. But in practice it's not that easy even in bull season. When the bull season occurs, it doesn't mean that we can buy at will without doing anything for market analysis, moreover what is being discussed here is beginners. Do not let beginners think like this, because in my opinion this is an action that must be avoided. I myself was once a beginner and I remember how I just made money in the bull market without having enough knowledge. Now I understand all the risks of trading and the fact that it was very easy to lose my money, which I subsequently did when the bearish cycle began. Many people have to learn from their mistakes, but in any case, this experience turned out to be invaluable) |
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The effect on my portfolio was minimal, since I am only holding bitcoin I was affected when its price was down but since I did not sold my coins then the current recovery has being enough to offset those losses, because if I remember correctly I think the price was a little bit higher when the whole FTX fiasco went public, still it is not difficult to imagine that many people have lost a significant amount of money, and it will be impossible for them to recover it for those which were invested in FTT.
The price of bitcoin has now fully recovered after the collapse of FTX. But the price of altcoins is still very low and more time is needed for it to reach the level when the dump related to the collapse of FTX occurred. And this in practice shows once again that holding in bitcoin is more profitable than in altcoins. |
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I guess that many will not like it but Australia launches their stable coin backed by Australian Dollars. There goes the CBDC from other countries like China and this seems is going to be the source of the money that shall flow for the next bull run and this trend might continue for next years...
I think you don't quite understand the meaning and functions of stablecoins and CBDC correctly. The stablecoin, which is issued by the National Bank of Australia, is issued to facilitate payment transactions for its customers and its subsequent exchange for fiat currency and is currently a common banking instrument that has nothing to do with CBDC. |
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See I have this problem, I am living with older people since I lost my parents at a very young age and I get so attached with crypto and I am making money out of it but the problem is my grandfather and uncles do not understand what Bitcoin is all about, believe me, I've tried to explain but they just won't get it...
The fact that you like cryptocurrency and you manage to make a profit on it is not an argument for you to impose your opinion on the people around you. The fact that they have replaced your parents is already enough to respect them and their opinion. |
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...and that's a good decision cause unlike in your piggy bank that your money will not grow while when you investing in bitcoin there's a chance that your money will grow if the price will go up higher .
Your words may be interpreted by the OP to mean that any investment in bitcoin provides a profit, which in fact is not true. And if the OP still decides to make such investments, then she must understand that she can lose her money. Accordingly, all responsibility for such a loss will lie with her, and not with those who advised her. |
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For a trader, actually the bullish season and the bearish season are not much different, because they take advantage of every moment indicated by price movements. ..
This is true only if this trader has experience and is able to trade profitably. But trading on the bull market allows you to earn not only experienced traders, but also beginners. Because there is nothing easier than to buy today and sell tomorrow, while making a profit. |
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There are few groups that offers correct signals but most of them offers wrong signals for a sake of cash and they never work correctly so I think that there is no such project which provide signals without any cash in return...
As a rule, along with paid signal groups, there are also free groups that aim to show the accuracy of signals in a closed group. In this case, anyone can monitor the accuracy of the signals, while there is no need to duplicate the signals themselves that are published in the free group. You can regard such signals as a recommendation, but the final decision on opening orders should be yours. |
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It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%...
No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost. |
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Why use other networks like Ethereum, Tron or BSC when they (the government) can create their own Ecosystem Network?
The fact is that the government is not going to issue a stable coin, it is a friend of the OP who is going to issue a stable coin, and then using selfish purposes, he wants such a stablecoin to be a legal tender. And for such approval, the guys from the government will receive a bribe in the issued stablecoins. |
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I think OP is making a common mistake by buying coins when they have reached a local high. After all, it is obvious that after such a rapid price increase, a correction of bitcoin will be required, which will entail a decrease in the price for altcoins.
What if there is no corrections and the market get more higher at then op might keep regretting for not buying at the time required... 1 hour have passed since my last publication, and we saw a correction of bitcoin by 800 points and a corresponding reset of altcoins. Whether this correction will continue further, we will find out in the near future. It is possible that there will be no further correction, and this price will serve as a starting point for further growth. |
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I'm certainly not the most qualified person to answer your question but I recently came across an article claiming that the FTX exchange was able to recover 5 billion dollars in assets (including other cryptocurrencies, cash, and other liquid assets) in an effort to repay its customers, which could possibly justify the recovery FTT is marking. Source: https://cryptopotato.com/ftx-locates-5-billion-in-assets-attorney-says-report/Those who bought the coin at the lowest price will use any positive news that is associated with the FTX exchange and its former SBF head to pump FTT. Whether this will be the last bump, before the final dump, will depend again on how the issue related to the further functioning of the exchange will be resolved, since FTT is an exchange token. |
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...I think it is very safe to invest at this time but hundred percent safe investment can never be expected in crypto.
I think OP is making a common mistake by buying coins when they have reached a local high. After all, it is obvious that after such a rapid price increase, a correction of bitcoin will be required, which will entail a decrease in the price for altcoins. |
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I'm gonna share my personal experience of copy-trading I have been copied on 2 platform the first one is bingbon and now called BingX is futures paltfrom like bybit i deposited 100$ might not much for you guys but this a lot for me and then I'm ending up a couple of dollar and total doomed and second I tried binance traderwagon and same i tried it with 200$ and ending up 30$  I don't know why maybe I choose the wrong lead trader but after loosing money I decided to stop but sometimes I see people share their profit and make tempting again  I think that your loss of deposit is due to the fact that the trader you copied used the x1 leverage, and you used a higher leverage. Thus, the leading trader will still be in the position, while your order will be liquidated by that time. |
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My friend got one country goverment in the board to create Stable coin...
Also guys from goverment Will get nice share of coins If they LET this coin to be legal Tender.
It's all called in one word - corruption. And I am already worried about this country, where clerks who neglect the interests of the state, led by ignoramuses who do not understand blockchain, are trying to create a stablecoin for their enrichment. It should be noted that many developed countries are currently developing a state digital currency - CBDC for these purposes. |
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thanks for the advice friends,, but I personally don't really think about the price because I invest for the long term, and I express that I am happy because I see the price. and indeed the nature of bitcoin is fluctuating,
Precisely because you are a beginner when investing in bitcoin, you will be disappointed when the price of BTC goes down. You simply will not be able to abstract from the market and every day you will recalculate your losses and think that you could buy bitcoin much cheaper than you did earlier. I wonder if you have set a goal for yourself, at which price you are ready to sell your BTC? |
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..That said, the story can be interpreted in a different way: don't be too greedy, sell your coins when you're in profit because most investors usually lose. Be in profit, even if it's just 10%. Don't hope for 200% as you may never get it...
I would interpret this story differently)) This is more like how many beginners are trying to earn a big profit in a short time without observing risk management. In this way they turn trading into a casino, betting all their money wanting to increase it, but as a rule they end up losing their deposit. |
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