You just need to ignore outside news, FUD & short term market movements. Nothing good ever comes easily so as a HODLER you’re going to go through periods of depression & thoughts that you’ve ruined your life (during bearish times).
To be a HODLER you need strong conviction. It’s not going to be easy but if you can HODL through minimum 3 full cycles then you’re going to be making big money.
Good luck all HODLERS.
|
|
|
Margin trading amplifies risk. It should be only be utilized by experienced and well-funded traders.
Absolutely, my advice though is to just ignore it completely. It’s not something that anybody should really be doing. Simple dollar cost averaging over a sustained period can & probably will give equal, if not better profits over a long timescale. There is way less risk involved then. Leverage trading is effectively gambling, too many people follow charts & models which always end up broken too. Just DCA guys, it’s simple & very effective, it has a great track record too over time (main coins).
|
|
|
I don’t think using drugs is a good cure for losing so much money. Maybe you should take a little break away from technology, try & do a trip or go camping out in nature or something. Take a trip with some friends, crack a bunch of beers by a camp fire or something.
Try & surround yourself with friends & attempt to forget about what happened. It’s not easy but taking a bunch of drugs is just going to make you feel even worse the next day when they’ve worn off.
|
|
|
No such thing as a safe centralized exchange. Why would anybody willingly leave large amounts of their wealth on a centralized exchange? We all saw the warning signs with MtGox, there has been countless other copycat situations since, even as recently as multiple this year. Seemingly trustworthy platforms going bust, it just shows nobody can be trusted to custody your funds except you. Seriously unless you have buy or sell orders in that you expect to get triggered soon then take it all off & into your own control.
|
|
|
I think it’s time for people to stop seeing yield as an attractive thing. If something seems too good to be true, it usually is. Have we not seen enough similar companies go bust promising returns they can not guarantee will be honoured.
Seriously, anybody still looking at this type of thing seriously deserves to lose all their capital. There is no such thing as easy money.
|
|
|
Various conspiracy theories aside — not sure what's so special about this? People die all the time of random causes, and yes — including billionaires.
One thing is for sure, if you are fortunate to be so rich to be deemed as a crypto billionaire, it’s a good idea to keep it on the down low, as good as you possibly can. This kind of thing stinks of corruption, some kind of business deal gone wrong, I don’t know. Tell as few people as possible about your bitcoin/crypto position if you are a millionaire or billionaire. There is too much danger out there, especially in the current financial climate.
|
|
|
Let's suppose your boss called you into his/her office and explained the company's situation. He/she then gives you the option of getting laid off or taking a 50% pay cut. If you were to choose one of these options, what would it be and why?
I couldn’t afford a pay cut so assuming this was a reality for me I’d accept to be laid off. I have been at my current company for a long time so legally they would owe me a redundancy package. I’d take that & then get another job. Providing it didn’t take me forever to find a new job I’d get about £10,000 and a nice little holiday from working. I think I could find new employment so I’d take my £10,000 redundancy pay & tell my boss to stick his pay cut.
|
|
|
They’re fine to use & hold short term but like anything that is not decentralised, I wouldn’t recommend storing much of your wealth in them for any significant period of time.
Most people know the above but get lazy. Just be careful & look after your money in the best way you can i.e. don’t let anybody else have control over it.
|
|
|
It’s just yet more evidence that bitcoin is becoming more attractive to investors. The average guy on the street now has a way to get in via a trustworthy broker. I am an advocate for self custody so this isn’t something that will be of interest to me but anything that brings new people into bitcoin is good.
I think we’ll see more & more major banks jumping on the bitcoin train. It’s either buy a ticket or get left behind.
|
|
|
Rest in peace to the guy, sounds like a freak accident. These things can happen which is why all precautions must be made, he shouldn’t have left the gun loaded in the vicinity of the dog if he wasn’t actively hunting at the time.
I hope his family can find peace & the dog is looked after & loved. I hate reading about death, life can be cut short in an instant, such a tragic loss.
|
|
|
Bitcoin & even crypto have a very big part to play in the future of finance. If you look at what Central Banks have been doing, printing fake money, inflating the supply, you will see that there is room for other forms of payment. Governments actions have allowed sickening inflation numbers, they are stealing from you.
The powers that be will fight us but cryptocurrency is going nowhere. You can protect your future & your purchasing power by buying digital property, bitcoin.
|
|
|
It’s seems harsh but I guess business is business. If those coins aren’t bringing in enough trades & obviously fees (which is what it’s all about for exchanges) then it makes sense to delist. I’m not sad to see BCH chosen as one to delist, it’s about time really that scam was unravelled.
With regards to XRP it could just be ass covering by Coinbase because of the impending battle with the SEC.
I had high hopes for XLM years ago but it seems to have failed to gain enough adoption.
|
|
|
Falling even further than the current price wouldn’t be something unusual. To match previous draw downs in bear markets (from ath to cycle bottom) we could even dip below $10,000.
You don’t need to worry though, bitcoin will recover & smash new ath’s. It's just a matter of time. You need to be very patient but it will recover.
Now is also a great time to buy, good luck.
|
|
|
Cryptocurrency will of course have future bull markets. I have lost count of the amount of times people said bitcoin is dead. So many times, so many obituaries but we are still here churning out block after block after block.
It does take balls to HODL through long bear markets but you just need to be patient. A bit of patience is not much to ask for great profits that are not achievable in stocks & bank products.
Stay strong, HODL & you will be greatly awarded.
|
|
|
I am guessing there will be lots about ‘verified account’ Trump supporters being silenced during the last election. I think a lot of banning on ‘free speech’ will be revealed. Probably loads of stuff about COVID also. I am really intrigued to see everything that is revealed. Some people are going to be very uncomfortable right now.
|
|
|
Fiat currencies around the world are losing purchasing power. Lots are beginning to become worthless, almost like toilet paper. The $ will be the last domino to fall, it may not be imminently but it will happen. Bitcoin is where you want to store your money, it’s the lifebelt for the absolute carnage that will come. You need to protect your financial future, bitcoin is the perfect asset for this purpose.
|
|
|
I think the potential is there & likelihood that you could make more profits by getting lucky & buying alts. However, it’s a bit of a lottery because you can see all the scams & rug pulls in ‘crypto’
Bitcoin will give you almost guaranteed profits if you can hold for a number of years. Tomorrow is not promised with alts so it’s a choice you have to make yourself.
|
|
|
I still use Facebook to keep in contact with friends from back in the, also relatives that I’m not totally tight with. I do have an instagram but I rarely use that now. I have Twitter which I mainly use for news, I find Twitter is the best source for near enough real time things breaking.
I don’t use TikTok, I find that’s for girls in their early 20’s. Bit embarrassing to see middle aged dudes using it. Overall social media has its uses but I am not the biggest advocate.
|
|
|
Trying to be positive & stay upbeat is always going to give you the chance of living a happier & more successful life. Try & read the book by Rhonda Byrne, The Secret https://en.m.wikipedia.org/wiki/The_Secret_(Byrne_book) It suggests that good things come to you if you constantly stay positive. Some of it is a bit weird but I agree with the sentiment. Being miserable & negative will never do you any good.
|
|
|
FOOTBALL NEWSWhy there's been more stoppage time in the 2022 World Cup?It has been explained that the essence of the long extra time is compensation for the little time spent on VAR Checking, goal celebration, substitution, treating injured players etc. What do you tink about this latest development in football? do you think it is the right time for this since a major concern in this world cup is about the heat in Qatar? It is quite strange to see so much added time in the soccer world cup. We kind of got used to some more added time previously due to VAR but there has been even longer added time during this world cup. It is supposed to be to avoid teams time wasting like if they are winning 1-0 late in the game, delaying restarts by taking long. It punishes that but it’s kind of weird seeing 100 minutes or more for a game that is supposed to be 90. One thing is for sure, we will see lots of late drama in the tournament, teams have to fully concentrate for longer.
|
|
|
|