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Losses will always be part of your trading, but you can avoid them if you learn from your mistakes and have a strong risk management strategy. Half of your losses occur because of your poor trading approach. Correct that and focus on your learning, you will see the results.
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Today, there are plethora of learning resources and communities online that you don’t need to run for education. However, most of these communities are fake and filled with scammers. This is what all newcomers should know and learn from only genuine resources to avoid possible scams.
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We cannot allow our investments to control us and how we function on a day to day basis. It is important to maintain balance and make sure we take time off and don’t allow this to come in-between family and relationships. Many individuals treat it like gambling and lose their head. When you control your thoughts, you invite good energy.
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If you have doubts, consult with your network and take opinions. Later on, do exactly as you please. No third individual knows how your mind works or your goals and how serious you may be. Focus on working on it yourself and use every opportunity that comes your way to your advantage.
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The purpose of doing research is to gather genuine information from authentic resources and come to a conclusion. I agree, there are a lot of fake channels on Youtube which sell fake content for views and money, but you should take their recommendations with a pinch of salt. Look for relevant information, compile it, and analyse. I’m sure you will find a way.
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It doesn’t seem so in the near future. But no one can say with guarantee seeing the increased popularity of crypto.
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I researched about this and honestly couldn’t find much information to be sure about their credibility. I don’t think it’s wise to just take a risk when there are so many trustworthy and popular options available.You can go for trusted exchanges like Binance and Coinbase etc. And if you are interested in crypto cfds then you can consider regulated brokers like Fxview or Hotforex.
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If you are saying to merge all the currencies then it will be very difficult as many are very different in fundamentals and utility. And if buyers merge then you have to remove all other currency from the ecosystem to prompt everyone to buy one currency.
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As a parent, it is mandatory to teach our kids about finciane, savings, and investing. But I don’t think it is necessary to force them to learn technology. It’s their choice what to do. You can introduce it to them, but I have seen parenting forcing their kids into doing something they don’t like. That’s something to avoid. There are other ways to invest.
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Some of the best anime in my opinion are- 1) Attack on the Titans 2) Jojo’s bizarre adventure 3)ANMA 1/2 4) Patlabor: the tv series 5) Neon genesis evangelion 6) Naruto 7) Code geass steins;gate  Hunter x hunter haikyu!! Did I miss something? |
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There is not a lot of money in my wallet yet to share the key lol. However, I think it is important to give details about your crypto investment to a trustworthy member of your family. So if you are not around, your family can use the money when they need it.
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You are in the right place. However, always try to do your own research, even if you see some good opinions on specific coin in the forums like this one. I think a good idea is to start with the basics, try to learn as much as you can about crypto world in general before investing: https://youtube.com/playlist?list=PLQ794-ev8UM73wdWAtX6H588QJnuuV6yq Fear of Missing out might force you to hurry and do some uncalculated decisions based on emotion and not logic. Take your time, do your research and create your strategy before investing money into it. That’s a great way to get started. When I started, I began with research too although there were good courses. But I feel they are loaded with information and can be very overwhelming. Newcomers should take small learning steps and clear basics first. |
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Imo, all of this has to do without a trading mindset. We all want money, but in hope of that, we undermine the risk of trading and fail to trade carefully. Our goals should be realistic and to achieve that we should have a plan and a set of trading rules beforehand.
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Scammers have no mercy and that's their job, they will try to do anything to cheat until you don't realize that you are part of a scam victim, generally the targets of scams will not be much different:
- ICO/IDO scam
- Phishing
- Wallet/Exchange scam
- False signal group (Arbitrage)
- Malware
- High APY project (potential scam), etc
To avoid scam then "Control greed, multiply knowledge".
There are different ways scammers target traders/investors. But their ways are not only limited to taking help from technology. They are also good with psychology and trade with people’s emotions. I think we all should be aware of that and be sceptical if anyone approaches us just because he/she is just “concerned.”. |
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Definitely! It’s not just bitcoin or cryptocurrencies, but we should teach children about finance in general. However, since bitcoin is a complex topic, which can be risky for children to understand, teaching them other forms of investments is a good start.
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I avoid that unless someone asks me. Plus, I don’t think it is important to tell them because it’s a personal affair. And honestly, my friends do not ask. Everyone is busy with their own lives.
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As more companies in today’s world have started accepting bitcoin for payments, I believe it's high time that more and more people should start using it for safe and secure payments.
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I know it’s hard to think of anything when you have lost your money. But one trade cannot define your future. You have to keep believing in your strategy and give it some time to show good results for you. But do take a break if you don’t feel like doing anything.
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Because Elon Musk knows how profitable bitcoins are as an asset. I feel pity for those who sold their bitcoins after Elon Musk said that they are causing harm to the environment. It’s probably the bitcoin mining that is harming the environment, not the bitcoins, lying in your e-wallet.
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There is no dearth of information about bitcoins on the internet. In fact, you can get more information than you require in general. So, there has to be no point in people assuming anything about bitcoin. They can simply search on the internet and see how valid and real something is.
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