It is necessary to constantly monitor the dynamics of the market. And on the basis of this analysis, it is necessary to diversify its portfolio. The HOLD strategy does not always work well.
Yes, in this case the accuracy of market analysis is the main one. Diversification strategy is a good step to avoid the risk of losing everything. Stopping holding when the market goes down is a detrimental thing, still holding a wise choice for now. Yeah you're right. not forever holding is the right thing because if you dare to take the risk to get a profit or reduce a loss. you can sell it when the price seems to start to decline again and you can buy at the price below it. that is a strategy that can be used in trading |
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Mistake 1: Never lend someone money you are not willing to loose. When you lend someone money, always assume you may never get it back. If you feel that after lending the money out you may not be able to survive with what is left with you, then simply don’t lend the person.
Mistake 2: Whenever you have the opportunity to meet a wealthy or an influential person, never you ask for money, but rather ask for ideas or ways which you can grow your own business. That will make you a more purposeful person.
Mistake 3: Never you spend money you haven’t received or expecting. In other words, do not buy anything on credit because Mr. A has promised you certain money, or that Mr. B will pay you the debt he owes you. It might make you to run into debts should the source fails to pay. I hope you understand this point.
Mistake 4: For proper saving, do not attempt to save what is left after spending, but rather spend what is left after saving. Like you already know, human wants are insatiable, as long as you have the money, you will always have something to buy. Also, never you keep any money you are not going to spend on short term handy or within easy reach. It is best to keep it safe away.
Mistake 5: Do not sign as a guarantor to anyone on financial matters unless you have enough or are willing to pay any misappropriation or money that may arise from the person’s misdeed. THIS IS VERY IMPORTANT. It can cause you problems.
Mistake 6: Do not consistently spend more than you earn or spend all that you earn. You may not have anything for the rainy days or at retirement.
Mistake 7: Do not spend more money on an item you can purchase same for less within the same neighborhood. It is not a wise spending.
Mistake 8: Never you borrow money that accrues interest to start a business. That will put you undue pressure as you will be working to service the debt and the accrued interest for a long period of time. It could be frustrating especially if things are not as perfect as you would have predicted.
Mistake 9: Do not starve your family or fail to take your child to the hospital SIMPLY because you want to save the money you have for the future. It might leave you in regrets.
Mistake 10: While it is good to save, it does not necessarily means you should save all the money you have. Learn to reinvest some so that it will yield more. It is like planting a seed or grain, nurturing and watering it to yield more fruits. This should be self-explanatory I think.
Which of these mistakes do you think people are guiltier of? Do you think there are other mistakes not included here? Please share your thoughts.
Sometimes when we have much we also spend too much. We forget to save and don't look on the future. It is very hard to differentiate our wants and needs. We do not want to be left behind with the updated on new gadgets. I think we should learn the value of savings and think twice before you buy something. you know when our income gets higher. then our needs are getting higher too, why? whereas before my salary getting high I can adjust the cost of living with my small salary. but when my salary gets higher. I spend more and more. this is a problem experienced by everyone isn't it? |
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I think the concept of 'chance' as used in the description could suggest a odd or likelihood of something happening, if there is one thing about the rich, they increase the Odd or chance of their getting rich by developing certain habits or traits,skills , dispositions etc. IQ is not required for these. Most genuises are actually bad with some 'wealth habits' and often make bad investors
You say very right. Opportunities come to you but if you have no skills, no good knowledge then you will not catch it. So I think the opportunity is only 40% of your success. Yeah you're right. opportunities will come at any time. but if you don't have any preparation. the opportunity will be in vain. the preparation can vary. such as knowledge, skills, even capital. so it's not always true about that the study. be a person who has many positive factors so there are many ways for you to be successful |
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Nothing wrong with convincing people to enjoy gambling and actually its a good idea to promote gambling by telling them the positive and the negative side of gambling rather than showing them the side of gambling where all it can do is multiply your money in times when you need money. I was in that situation before, I have a few hundred dollars with me and I need a quick way to multiply my money because I need to pay someone, gambling is the first thing that came into my mind but I ended up empty handed.
Yeah you right. only marketing from gambling sites that say that gambling can make you rich and multiply your money. in fact there is a huge risk behind it. You do the right thing if you tell someone else to play gambling correctly. which is to have fun |
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It deffinetly effects your overall mood and can help either make your day great or horrible. If you are thinking negatively your gonna have a bad time!!
Fully agree with you, it happened to me as well many times. So during those times i just quit or want to play even more. But positive thinking will not make you possibility to win increase. because the house won't see you playing with a happy and positive heart. the possibilities will be the same. the house will have more possibilities to win and luck will still determine your victory dude |
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yes you are right for beginners it's better to start trading the easy way first by buying bitcoin and investing in bitcoin or altcoin to learn so that from that activity you can get experience and finally you can get a lot of profit.
Op explained that initially he also invested with small capital and fortunately get profit. but then he lost everything. then I didn't know the continuation so he became the owner of reasonable crypto. the point is everyone starts from the bottom. hard work will bring you success. and don't forget to innovate and do what's best |
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because bitcoin currencies have not been formalized in various big cities, so that the bitcoin currency has not been recognized by the public, I hope the government can develop bitcoin currencies, so that bitcoin can become a currency in a large country.
I think all the keys that you explain are that we need a legalization from the government so that bitcoin can be better known by the public and become a formal and free currency to use. so you will find many shops accepting payment with bitcoin and bitcoin to be legitimate currency |
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Smart person always win and know few who started small and making big money from exchanges even with these dangerous price fluctuations some know how to turn into an advantage so I think you need more knowledge about the investing currency before you invest and that is the key to success
That's why people who have knowledge in Crypto get big profits from many roads such as trading. so I suggest that if you want to get big benefit from Crypto then make yourself skilled and knowledgeable about what you do in crypto |
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Unfortunately in my country it is still difficult to use bitcoin for direct transactions, this is what makes the development of bitcoin difficult and I'm sure almost all countries also like that.
I think that's what is called development. the development of bitcoin will not run short and all parties will accept bitcoin. not like that. all need processes like adoption and acceptance of bitcoin. I think in the next few years you will see shops around you receiving bitcoin |
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Yes, I am always expecting and greedy waiting for the market to grow again
greedy is actually good in the crypto world, because in the crypto world it is different from the real world, especially at this time in the crypto world there are ongoing problems, and it is difficult to understand by various people Greed is good in the regular world too. Greed is the force behind capitalism, the "invisible hand" of the market. As we have seen, capitalism is the most successful type of economy of the world today. In the crypto world, greed is good too. The only problem comes when "less-intelligent" investors get carried away and invest a lot in Bitcoin. We are living on capitalism world and being greedy is one way to make success in any investment. When peoples scared and not confident with market condition, people tend doing panic selling and its good for greedy peoples because they will buying it will cheap price. From what i know, economic crisis is opportunity to collecting good investment with cheaper price Thats absolutely right, therefore you have to be smart in reading chance and opportunities, when other people are busy afraid and panic because of price decreases. be a different person by reading it as an opportunity to get assets in a cheap price |
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The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.
Even if bitcoin grow and prosper more or not if a government official is corrupt, then he or she still finds a way to do such thing. Corruption really exist with or without cryptocurrency. I guess you're right.But i think corruption might be atleast minimized knowing that cryptocurrency is a decentralized one which cannot be controlled by the government unlike fiat currency itself.Hopefully cryptocurrency will be finally legalized so that corrupt politicians will be slowly out in the government too and see progress in our country's economy. How will corruption decrease if they know how to hide their identity in crypto and make themselves undercover? You don't know how many wallet and address they have right? I thought it would be a double-edged knife. it might reduce but it might add corruption |
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When will the youtube and other websites start to pay us with bitcoin?
The fees for transactions will have to go way own for that to happen. Plus there has to be mass adoption from user-friendliness and intercompatibility. I think we are still far off from that -- it may just be that as digital gold bitcoin becomes too precious for even those things. Perhaps other cryptocurrencies will fulfill that role. I think merchants will not see the how much fees that exist. when bitcoin is popular and adoption is already very large in the world for bitcoin. so the demand to make bitcoin as a payment option is very much certainly many parties such as YouTube or others site will certainly accept bitcoin. be patient dude |
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I am surprised to see bitcoin price finally can get pump this day, we are going to break $7000 again after it's down for a while in the last hour. I hope that this week can bring something good for us. this is good progress for bitcoin price itself because this will build a good sentiment in the market and perhaps, in the next few hours, the rate can rise higher than now. so we need to gets prepare to sell the bitcoin and don't forget for not become greedy to take your profit.
Yeah I see prices rose sharply to 7% and that is a good thing to rebuild trust in the market. I hope prices can continue to rise maybe up to $10k at least. we will reach $ 7k in the near future if there is no obstacle. keep calm don't make a noise with panic selling. |
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Do you have any gripes about banks
yes I have complaints about banks, because I have to go far using a motorbike to go to a bank and a lot of lines, and waste a lot of my time, this will be troublesome forever if it is not changed from now on Lol yeah because the bank has central control. of course when you want to do some things like checking a passbook, and other problems you have to go to the bank office and it's very different from bitcoin where everything is in your gadget. very flexible right? |
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In many countries, people pay income tax.In principle, I think it is right.All law-abiding citizens must pay taxes on any activity that generates income
I think it is a good idea to collect taxes in order to serve the society. That represents the payment for what the market has brought to the environment. Need to be maintained for better remedies to ensure human health. It is also good if the tax is fulfilling its role. I'm not a problem with the tax that will be applied to bitcoin users when they make a profit from bitcoin. but in my opinion the problem is how to implement and how it works this on bitcoin users. considering anonymous bitcoin there is certainly no obligation whatsoever for them to pay tax |
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One of many challenges in having a small capital in investment is being dependent on the huge investors in the market you will just go with the flow of the value of a coinm
The challenge is how your patience will be tested. You have no effect on the market. you just follow the market movements. other than that if you get a profit. the profits will not be too large because of you just have small capital. if you want to be rich. of course you need a very long time because of the small profits |
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No one can really tell what will be the exact time when will be the market to recover, as of this time there are so many prediction to the recovery of bitcoin price value on the foin market cap.
Yeah many people say that recovery will happen at the end of the year. that's just speculation and not necessarily going to happen. but think positively and be assured that it will happen. there are at least millions of users who believe it happened and that will bring confidence to buy on the market of bitcoin |
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To actually see if the coin is good, we need to take a look at the platform of the coin. The platform and its vision is what really sets the value of the Alternate Coin. We can also look at reviews and do our part to research about their founders and the ideas that they have come up with to use Blockchain for their platform.
I think there are many indicators and many things you have to see to know which coins you buy are potential coins or not and you're right you can see from the platform, the founders, team formation and so on. the more indicators you see. the more likely you will see potential coins |
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latest experience only lost thousands of dollars (more precisely around $ 2K) because of hold but the token was hacked so the price was very low
That's what you have to learn! don't hold it too long and don't waste the opportunity. most ico will have a good price after listed to the exchange. if you have profit if you sell it. then don't wait too long because you will throw away your chance dude |
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What is the famous saying....."If you can't handle the heat get out of the kitchen."
There are so many people crying about the recent dip of BTC that I'm frankly getting annoyed. You should know the risk involved in investing in crypto. If not, don't even waste your money. Go buy a CD that won't make more than the rate of inflation. Remember investing is literally legalized gambling. Treat it as such or don't even jump in the pool.
If you're investing in bitcoin, you don't have to do anything. Because bitcoin is still at a very low price, the only thing you need to do is hold. Yeah agree. actually I'm also very disturbed if there are some users who complain very often if the price goes down. come on if you are not ready for such price conditions. Don't invest in bitcoin that has price fluctuations. because that will always be on the bitcoin market |
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