Going to bitcoin, crypto, blockchain events benefits us in anyway ?
I am something biased at this because of internet sayings, biased in positive side that they are very benefiting and worth my time, share your experiences about going to events is good or bad ,
are you gone to any bitcoin events ? and, in which way it helped you, do you learned new things that is very difficult to learn on internet, do you met amazing people, do going to that events worth your time and money.
Actually those events helps but sometimes mislead some people from their attitudes or the way they explain bitcoin, the best way of understanding bitcoin is to learn manually and with some help of online tutorials and practice by using bitcoin and store for some periods of time, so it's what I believe in cryptocurrency. Event program of bitcoin, I have participated in different varieties but what I found out from them is that they always want to benefit from people who attend their program by telling them of investment and also instruct them to partner with them for investment. Its good to attend but let us not be deserved by them. You can acquire the knowledge of bitcoin through many ways. |
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New Digital Currency Introduced? Which coin are you referring to?
As for investing in bitcoin, you can invest whenever you are ready, but the sooner you invest, the more benefits you will get. Similarly to the early bitcoin adopters, they have made huge profits that no one can repeat at this time. If you already know about bitcoin, don't miss the opportunity, many people had heard about it before but ignored it, and now they regret it. If you don't want to regret it in the future, learn and invest as soon as you can.
Many investors doesn't grab the concept that bitcoin investment can take place at any point in time, so therefore I believe people think that we have a specific time for bitcoin investment which we can invest any day and hours. A good investors in bitcoin only wants bitcoin to depreciate in price before investing, but that doesn't mean that bitcoin have a time frame someone can invest directly in bitcoin, but ensure that you make use of chart to know if bitcoin will get accelerated or not during the period of investment. While some people get lost of bitcoin, is due to lack of understanding the chart of getting accelerating in value or getting downgrading. |
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It's good to believe that you have bitcoin, but it seems wrong to sell half of your property just to buy bitcoin. The risk level of what you have done is quite high.
Because as time goes on, the value of properties such as land increases, which we can say is an asset. So since that's already there and you've done it, just pray that the value of bitcoin will increase more than you expected so that you can buy again more of the property you sold.
Sometimes I think that some decisions we take are not absolutely right and some are right base on different understanding of bitcoin investment, from my area of concentration or understanding, whosoever that wants to invest in bitcoin with the hope of selling its property should understand how regulation of bitcoin works, it will be of good opinion to sell acquired property to invest in bitcoin when you have already know the implications of bitcoin. I think that some people are myopic enough to venture into what they don't really know about, and that leads into negativity because the invest who because of mere information of bitcoin and sold it property to invest in bitcoin might run into lost during the time of investment. I'm of the opinion to scrutinised or penetrate into what kind of investment you want associate yourself before properly going for it. |
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I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.
Keep the record that it will pump no matter the delay.
In bitcoin the predictions don't normally always be accurate, so I believe that many people who invest in bitcoin have their personal strategies to make profit in bitcoin, considering the plans of making profits in bitcoin investment, either you go into long term investment or you go into short term investment, per say, its only people that purchased with huge amount of money during the time the price is at twenty three thousand (23k) will make a little profit for the Investment because the fraction is not much, while people who invested with a low amount will not make huge profit now the price is at twenty eight thousand (28k) base on your figures for the analysis |
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Banks is a more elaborate system, at this point. You can't make installments, loans, and more. So bitcoin won't be able to replace banks for a long time to come.
Sometimes people exaggerates concerning bitcoin and its relevance in future, bitcoin is a technology, and the technology is not up to thirty years in existence, so let us keep the comparison of bitcoin domination and banking system of fiat currency apart, because having the mindset that bitcoin will replace banking system in future time is an exaggeration of personal, before existence of bitcoin bank is in the existence and fiat currency is already on the ground. So I will not advice people to concur in such speculation of bitcoin taking banking system, from my perspective, bitcoin can come to end any time and any minute because it's currency it's not generally accepted across the nation's, so base on such principle I don't think we should consider bitcoin that much as a currency that will dominate fiat or banking system in future time. |
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From your title savings doesn't only mean when you are wealthy, as a matter of facts wealthy people doesn't think of savings they think of investment where to channel those money whenever they are wealthy because one thing i believe is that, rich people talks of what will generate money for them while poor people think of work to keep them earning. The rich people think of wealth creation what will keep them afloat whenever its too tough for them to scale through life. In summary think of what will keep generating money for you than savings because i know too well that those money might got finished whenever you stop working to keep filling your saving account.
I want you to understand that Theirs no wealthy person that doesn't have saves and investment, the primary obligations of someone who is wealthy is to be continue increasing on a higher frequency with the little it earn. The reasons while people downgrade or falls during the time having chunks money, is lack of investment, so many people who earn monthly or who is under government always make doubl options of their growth. |
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Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.
In normal circumstances bank have procedures and the procedures of bank can't be changed because of one person in terms of loan, a collateral comes with a landed properties or asset, if you are requesting for loan in bank, presenting certificate can't guarantee you such value of funds demanded, we have students loan and its obvious that students loan will not be up to such values of funds. Actually in this present era certificate is valuable but in some extent it doesn't use for collateral, should incase it happened to be manipulated and use for bank loan. Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.
It's people who save in bank are the one making mortgages to trade with our money, actually they like to give loan to people they know that will pay more interest for a loan given. Sometimes I believe that those real estate is own by some banks managers who trade with people's funds in the bank, it can be truth or not, because if you don't present a mega landed properties to bank they find it difficult to loan a low level individual or average individual. |
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Before there was money, in ancient times they still used the barter system, whatever the barter was, it depended on the agreement of both parties. But the barter system cann't be declared a store of value, because it has no future value and only has value in the past. So that currency emerged as a tools of payment, a store of value, and as a medium for pricing an item.
What you are elaborating on, is a trade by barter, and during ancient time they used trade by barter for exchange of goods and services, that doesn't mean that what they exchange at that point is a store of value, what they actually do is to exchange to what they needed at point in time. When you said a store of value, the things which I believe that falls in between that should be future things that in fifty years coming it will still be valuable, and such things may classifies as crude oil and Gold. The two things mentioned above is what we can see as store of value because the value doesn't depreciate even though it get it's been reframe, the aspect of money, it get loss of value, it depreciated when it get stock for long periods, either they will be inflation or they will be change currency, so if you stock money physically not in bank and redesign of such currency happens, its obvious that you have lost the currency and it become valueless. So in summary store of value from my observation is crude oil and gold. |
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I think financial records are really needed for entrepreneurs, even non-entrepreneurs are really needed. Because we can easily analyze if there are obstacles or problems in the business world that we live in, so we can easily track down the mistakes we make or control unnecessary expenses.
That way we are more efficient in unnecessary expenses in the future.
Sometimes what we need is curiosity in any business, because if we happen to be conscious of our business, its necessary that we most have record to enable us to be accountable both our expenses and profits achieve, because its obvious that theirs no mini company or large companies that doesn't have bookkeeping in it business, because its through your records that will indicate if you are making profits or not. A low business owners makes records which tells the strength of the business or not. So any business deserves records so that you can be accountable to expenses made weekly and monthly. |
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This is a personal determination of any individual, earning come with strategies or plans while saving is ability to cut down your expenses, so someone is on salary have a plans where the money it earn is been channel's, so I believe saving of money can be call strategies of reserve and if don't have strategies of reserve you cannot be ability to make out reservations. Sometimes theirs some people who not well trained of managing of funds and theirs some people who also well trained of management, and those categories of people that's well trained of management of funds in any situation they found themselves they most be a reservations of funds, so in summary saving and earning is basically a human strategies and anyone who lacks the temerity and courage can't save or either earn.
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Do you see the recent increase bitcoin has come up with. I believe this is good sign that bitcoin will pump this year, we are still in the third month, looking at the middle of the year, something will surely bulls up. When I open my wallet I was surprise of the price from $23000 to $26000 that's cool for those who buys recently.
What did you think about the price? Will it pump soon
Already every crypto trader who know how to use crypto radials or chart knew that bitcoin will have a different denomination or value starting this year, because everyone is anticipating that bitcoin increases will fully come up next year 2024, but starting from January 2023 we started experiencing a welcomed development of bitcoin increment, so therefore I believe that bitcoin will increase to certain values when get to 2024. |
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Have been in crypto just over a year now so have yet to experience a bull market and up till now I have just bought and held.
Currently my portfolio is 10% down and am not planning on selling any until I 2x at least.
Bitcoin takes up 30% of my portfolio with the rest in altcoins.
What is everyone expecting in 2024/25 bull run? Is a 10x a good return or should we be hoping for more?
I want you to understand that the bullish market of cryptocurrency have no particular time for it occurrence but I believe that's a speculations made by some people about the bullish market of cryptocurrency are not perfectly correct but some in extent the bullish just occur when the demands in cryptosphere is high than the supply. But some assume that we shall experience a grate bullrun in 2024 but we can't rely on predictions of people but we shall follow the rotation or regulation of the market through chart to analyse when the market will be suitable or enters bullrun. |
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All this wait, same price for months, sounds like the calm before the storm. Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.
the speculation of bitcoin price is base on individual observations towards bit, but this current movement of bitcoin recently doesn't show any strong bond that bitcoin may be increased or not, I believe that increment of bitcoin of this have no show any sign that bitcoin will approach to hundred thousand (100k) This year, so I believe that everyone speculate of bitcoin base on its understanding. |
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I have really undermine the price of bitcoin this time considering when I buy at a high price I can't even look at my capital twice because if sometimes I should just stop checking anythiny relating to bitcoin especially internet. What's your take on the price?
Actually the price of Bitcoin at this point is appreciative and whosoever that purchased bitcoin earlier this year 2023 or last year December is of better profit of small fraction, bitcoin is been appreciating starting from this year, so nobody can predict the future of bitcoin perfectly, so their is every tendency that bitcoin that happened to be colourful changed from it correct price now to higher, and its applicable that the price can reduce anytime and any hours. |
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Usually this period and this month has shown proven to be bull for bitcoin price, I think most of us here already aware of the sudden increase of bitcoin price. To me I often check coinmarketcap to always be informed of the update, secondly I set my binance account to a notification were I often received updates on a regular basis. We can't just conclude that we are In bearish market or neither bullish fully because the way I'm seeing the market it seems that it have positivity, but should not let us to conclude that we are In bullish season because the increment of bitcoin can decrease anytime and any our, so that's while a good trader who knows how to analyse cryptocurrency market can't conclude once that bitcoin market is on bullrun when it has not gotten to the initial point or value it from decrease from. |
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Since you are going to trade Ethereum and it is an unstable coin, I don't think it would be good to use Bitcoin to measure it, because Bitcoin is an also unstable coin. In this case, if you use Bitcoin, you may have to get in trouble when calculating profit and loss. Not only will it be a hassle but also a waste of time and time is precious in trading so I would say to avoid these things always use stable coins for trading. It can be USDT or USDC or BUSD
It depends,if I should encourage op to use, it's usdt so that it will make accurate calculations of its profits and lost and arrive in a point he wants. |
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I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
In this aspect I think I will like to recommend electrum wallet for anything you are doing that requires security purposes, but at this point you will study of bitcoin so that you will have more knowledge of bitcoin before starting any Trading or any cryptocurrency transactions, some of the responses of users might not give you accurate feedback or answer but your personal research will give you more insights to know of bitcoin. |
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Many traders experience losses because they struggle to manage their emotions, which can have a significant impact on their decision-making process and even lead to substantial losses.
experience plays a critical role in decision-making. This could be why many new traders experience losses, as they may not have enough experience to effectively manage their emotions and make informed decisions.
The reason while new traders get lost in most of their trader might be as a result lack of understanding the scenarios of Trading, because when you know when to be in trading market and when to go out of the market their's every tendency that you come up with profit, but a situation whereby a new trader is inquisitive to join trading without understanding the rudiments of trading, theirs is every tendency that it may end up venturing into negative side of Trading, its very obvious. |
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The opportunity to buy Bitcoin was in January 2023 when the price of Bitcoin moved to $15k. But there is still time to invest in Bitcoin because there will always be opportunities to invest in Bitcoin as its price will increase massively. If you want to invest, definitely invest in Bitcoin because the risk is very low. The price of Bitcoin will increase in the future it is sure to be one hundred thousand dollars.
To invest in bitcoin don't have a specific period because the price regulations is not constant, you might purchase bitcoin January period and the value crashed beyond holding, you will regret while holding it till then, so it's this speculation or calculation that makes people to invest with their spare money and hold for long term intervals. For aspect of coins that should be invested during bearish period, the best coin to invest on is bitcoin because of its volatility, other coins especially altcoins do lost values on the process of long term bearish market and sometimes their furtherance began to decrease and that makes some altcoins to lost it potentialities. So it's knowledgeable to invest with bitcoin during bearish time knowing that it will still get uplifted. |
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Thinking about how trading strategies need to always be changed and how one strategy may not work for a long time, what do you do with the strategy that you are about to change. do you just forget about it completely once a new strategy starts working for you? or do you keep it in remembrance for the future. If you have experienced this before; has any old trading strategy that you decided to apply work for you? Is it possible that old strategies may work in the future again?
Trading doesn't have old strategies and new strategies, the fact is that when you are trading frequently you understand the factors that hinders you during the process, so when you have understand the loopholes that leads you into failure in trading and try to avoiding them it looks like you have a acquire new style or strategies of escaping lost in trading, the major thing we don't understand is that practice make perfect, and its very obvious in trading. There are odl and new strategiee in trading because when the old one stops working we need to generate or work on a strategy that would give us what we want as a trader. I don't care of what people dontakk about trading but we need to understand that a strategy can not keep working for us forever. It will get to a time when the strategy will fade off and it will not be giving us the kind of profits we want or continually giving us a bad outcome. When we noticed that we keep trading andbwe are not making profits from the market, we need to know that the strategy is no more working. As I said before that new methods of Trading is the solution you observe during your participation in trading, so therefore it's not been pronounced that this will be the methods of someone can use to manover some trade, if it happens to so, many people would have be using the new skills of Trading to make profit instead of the normal trading method we all know its regulation. What I will agree with you guys, is that the will be new experience and observation when you are a subsequent trader, so those newly observations can be seen or referred as new strategies of Trading. |
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