For me, I think that I've got an end goal within me, no way that it's going to hold on for dear life for me forever, going to be really helpful to me if I can get my profits, the money that I can get from it would definitely build myself a home and all the things that I've been holding back through discipline of not buying them will definitely be bought after a long time. Of course, hodling long-term is still a thing for me but I'm not going to be all that, just set a price goal and you'd be good to go when it comes to investing in bitcoin, you might also be able to do other things when you're not just hodling alone, who knows, you might invest during the altcoin season and hit the jackpot.
Indeed, holding is a thing and many people encourage others to hold as well but I don't think that holding forever is a must. At least holding them until it reach our target is a good sign to sell. Maybe I was wrong but investing is not all about holding but also about selling. We invest because we want to grow our money but holding our Bitcoin forever makes no sense, we'd rather not invest if we don't sell. I will definitely sell my Bitcoin when I am already satisfied with the price and invest again when it drops. Perhaps, this is common scenario to see in the market, buy, hold, and sell. |
|
|
|
|
I invested in Bitcoin believing that this would give me some fortune. Of course, sometimes I'm thinking about the risk and the possible losses but I'd never let such thinking influence how I looked into Bitcoin. I remain strong despite the dip and long bear season as I know it will recover.
If we could really afford to fight back our negative feelings and worries, that would end in panic selling and losses. That is why before investing trust should already be in our mind, doubts couldn't give us strength but weaknesses.
|
|
|
|
|
There are a lot of crazy things I made in gambling and that is one when I say "all in" after winning putting all my money for the last bet. It is really regretting at the time I lose and talk to myself that never do this again. Unfortunately, things like this have been expected and still, it happens again and again.
Well, the point is that we have to enjoy the moment. Of course, it was hurt when losing our bet but should also recall back and think that we are not gambling to multiply our money but to be entertained. But if this won't work, I don't think we are suitable for this.
|
|
|
|
Gambling can never be for fun. People may play gambling for fun at first but once they play for fun they become so addicted to gambling that if they lose huge amount of money in gambling then they go into depression all they can do. We all should learn from this incident that gambling can never bring happiness and peace in one's life, so one should always refrain from such gambling so that his life and family will be better. Gambling is like a deadly cancer. Once gambling becomes an addiction, people cannot get out of it, so they should stay away from gambling as much as possible.
Well, I asked some of my friends who are new to the gambling world and questions about their experience. They are saying "We're just having fun". That seems natural for the new gamblers as their first impression is that gambling is for fun which is indeed right but what it goes wrong is when they can't control the temptation and badly fall into addiction. Honestly, gambling is not a bad thing to do but because we fall into greediness and the wants to become rich instantly, that changes our mindset, and take gambling as a serious thing when in fact, it was just for fun. |
|
|
|
When I see that the price is flying down steeply, I sell everything and let it fall down. When it stops, then I buy cheap and I have earned...
BTC is going down now, so let it go and buy when it stops. We can all make money from it and then we will again get it up together! Unfortunately, there are always a few "geniuses" who go against the flow and they are buying when they should be selling, and that destroying everyone's earnings...
I'm seriously upset because a couple of such " smart " people just ruined my chance to make up for a 15k loss... I would like to kick them somewhere!
You make it sound so easy to make a profit in trading, when in reality it's not that easy. Sure buying low and selling high is the way to make a good profit, but how do we actually know when the bottom or the peak is reached? The timing question is the hardest to answer and most people are struggling here. Just look at the large number of HODL investors that don't have to worry at all about when to sell. Making a 15k USD loss in crypto currencies seems like a lot, why would you ever sell at such a high loss? In that case I would rather keep my coins and wait for the next bull run. It's now the second time Bitcoin reached a new ATH above 60,000 USD. We all know that crypto currencies like most other assets are moving in cycles and we can sit it out in case we missed our opportunity to sell. Afterwards it's always easy to know if we made the right or the wrong decision, but in the moment it's really hard to make the right call consistently. At least we shouldn't feel bad about all the people that are buying now instead of selling, because without them you wouldn't be able to take a profit. Personally, I am not going to sell any of my coins now. Most traders tried to overthink and say, trading is an easy game. And that is the reason why most of us traders fail from such assumptions and thinking when we know in real that the market is unpredictable. We can't make good timing all the time and therefore, losses are not impossible. Even we spend 24 hours every day in trading and analyzing the market condition, maybe there is some changes but this won't guarantee that we've got a perfect buy/sell call. After all, that still lies in the actual scenario and depends on the decision we made as we can't expect that what happened yesterday and today will also happen tomorrow. |
|
|
|
Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.
That is expected OP as you can't expect instant profit in trading when you are a newbie. Have consider yourselves as you are still learning which loses is a part of it but it will gradually change in the moment that you also improve. Losses signify something that you still have a lot of things to learn in trading and that also tells you that trading doesn't work that easy and instant money. A reason why it should be clearly understood before trading at least we are aware that this will likely happen on us as we are still in the process of learning. |
|
|
|
I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.
Actually, we're not in the position to say "Do it" but the idea of selling Bitcoin for altcoins is not really the best option. Instead of doing this better use other money to buy altcoins rather than selling your BTC. The reason why I don't recommend this is because Bitcoin is dominating the market. We may not be earning a huge profit or like it says the price raises x1000 but because it was the safest investment among cryptocurrencies it is a big factor to think about. Maybe selling some for ETH and of some leading altcoins that is okay but putting it into shitcoins, that is certainly a big mistake. |
|
|
|
|
Success is not magic and can't assume it is too easy. Successful people have suffered losses countless times before they become who they are today.
Sacrifices and patience are what we really expect from them. A person who is determined to become a good trader will never afraid to lose because they believe that there is no harm in trying especially if they know that there is a chance. They only just quit when there is no hope.
Listening to people who share their success stories we could really hear their sacrifices and difficult experience. That is really how it went through as there are no shortcuts for success.
|
|
|
|
Is this true gambling is not place to make money is place to lose it?
It was not TRUE. Gambling is not mentioned that we lose nor do we make money from doing this but it was been advertised to make fun of it. If we gamble thinking we multiply our money, then that is very wrong. Of course, we don't think we gamble for loss but this seems to happen because we rely on luck. We know that this never comes to us always which is why some gamblers claim that gambling is a place to lose but they should also understand first why they gamble if this will happen to them. Honestly, people should not blame how gambling works but rather ask themselves why they spend money on it. |
|
|
|
The number of traders is increasing more than before as more people are generally becoming more interested in ways to become more financially independent and as thus in search of skills like trading.
Does the number of traders directly affect the volatility of the market? If it does, can we assume that trading was easier before with less traders (less volatility) than now when there are more traders, and the market more volatile?
As the market buy/sell demand increases, that certainly affects the volatility of the market price. Less volatility means less activities in the market. That is why we couldn't make ourselves confident of our strategies that worked in the past as someday this is not effective anymore. Traders make the market more volatile. However, we can say it has a negative impact on the market making it too risky, and should look more into market analysis. But on the other side, this will also help us active traders to possibly earn more every day. |
|
|
|
To counter this, what we can do is just take small breaks in between the bets. Change seed pair and play with full concentration. Just gamble with the amount that you can afford to lose, and everything will be alright.
That is Just it. Sometimes we feel we have loosed everything we just need to take a break and take some breaths and concentrate according to you. And also gamble with the amount that we can afford to loose regardless of anything that may have happened. Sometimes when we loose and still focus without taken a fresh breath, we became emotionally traumatized with high velocity of Thinking, to the extent you don't even know your current state of health. Just somewhere in-between the line of normal and abnormal, at this point you don't even know where you are, the best way I just to take a walk and figure out a way of getting back to your senses Take a break is necessary to do to prevent losing our control and can thinks clearly to stop gambling for a while. With take a break, we can reduce the tension of the outcomes that we got in gambling so we will knows what we must do and if we gets lost in the last round, we must stops gambling and leaves the casino. We will have a chance to take a breaths and can realizes that playing gambling is just for fun and not for making money although some people can make money. We don't have to thinks much about making money and let the luck moment comes to us. We will prevent the mistakes that other people do because we learned from other people experiences. That is a piece of good advice because spending more time in gambling never gives passive results but instead, negative ones. The more we gamble, that exactly will lose more because we are already losing control of our emotions. Losing control is just like losing everything as we can't think anything but to gamble and chase our losses. That is how important to know when to stop gambling or else, we are just pushing ourselves to do terrible things. And the worse thing that possibly happens is addictions. |
|
|
|
Even a rich man cannot own bitcoins if he doesn't have the power to hold bitcoins. On the other hand, relatively low-income people also gain the ability to hold Bitcoins. Here the importance of having a good understanding about Bitcoin is immense. Also, it is easy to invest in Bitcoin for those who have financial ability. Investors who regularly follow DCA will be able to realise their desired goals as the Bitcoin price rises. No one who has been a Bitcoin investor so far is harmed if they are able to hold their Bitcoins. Holders of Bitcoins can certainly get the ATH of Bitcoin as well as the DIP. But finding the Bitcoin Deep is truly a matter of luck for many.
Whether you are rich or poor, investing in Bitcoin depends on your interest. Yes, we can't force rich people to invest even if they have the capacity and of course, they will never look into that if they know themselves they can't manage. The same thing with poor people. Maybe we can see that more poor and average people are buying Bitcoin (DCA) but guess what, these are the people who easily got FOMO and sold their coins early while rich and big investors remain calm. To be a Bitcoin holder it's not how much investment he has, I think it's how much he believes in Bitcoin that is the matter.
TRUST is very important here. We encourage ourselves to hold and wait for the ATH because we believe that Bitcoin will never disappoint us and trust that it will stay long and continue to increase. |
|
|
|
|
There are simple rules that novice traders must keep in mind,
- start with a small amount
- learn to take small profits
- don't be afraid to make mistakes
They are in the state of learning, so we understand their curiosity and losses which is also a part of their learning. They can learn many things as they continue doing this which is why they should not think first about earning huge and success instead, they focus on enhancing their knowledge.
|
|
|
|
|
It could be the last opportunity or not before the final bull run, we had to think first if we could really take the risk considering the situation that the price is already high compared to when it was just below $50k. But of course, if we really have the guts and trust in Bitcoin and investing without thinking negatively, then must take this chance. Besides, if we do not make a huge profit this bull season at least we have gained some experience about how this works. And to have the chance to compare the results when buying during bear and bull season at least we have an idea what we do next.
|
|
|
|
|
Not yet a scam but it was difficult to say that it is worth trusting.
Just like the above reply, have time spent searching and digging about the site. We can't judge now if that is a scam since we never hear any feedback concerning it. But to ensure safety, stay put for awhile a wait for some updates. The scam site won't go too easily and is obvious, we just know it sooner. But if I were you, don't try this if we feel uncertain, and don't do stupid things if it is found suspicious already.
|
|
|
|
|
You simply don't understand OP because not all have the same thinking and plan as you. People are selling for profit, they just take the chance while is there. So let them do what they want even if it is against your idea because whatever happens to them and their plan, they are the ones who face it, not you. And you don't assume that what they did will also affect you and take your opportunity.
Besides, investing is not just about buying and holding, it is also about selling. Honestly, the market is boring when all of us have the same moves and market approach.
|
|
|
|
When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.
When you are in that situation (extreme greed) I don't think you still think of taking a small profit but certainly thinking of a huge amount. Too much greed will never end well other than regrets. As a trader, we can't be foolish and think we could earn more but instead, take the opportunity even if it was just small amounts. Many people fail because of too much greed, not only because they lack knowledge and skills. Earning small every day is better than every big once in a month. |
|
|
|
Free Bitcoin accelerators don't work so well. Nobody does to make your transaction be priority to confirm for free. Like if the current trx fee is 35 sats and you are sending just paying for 25 sats, that won't make it. These free accelerators don't give you an additional 10 sats to get the confirmation as I noticed when trying to use these services they only just add a few cents. It won't get the confirmation until the trx fees drop to where we set them. Not a useless stuff but not recommended. Since it was a free service, we can't urge them to work on our request and help it out. That is why before sending, we also check https://mempool.space/ to have some views on how long our transaction to be confirmed especially when we set on the low priority size. |
|
|
|
Does this really happen a reality or it is just some sorts of mental reasoning fellas?
That picture out that if we are too lucky in gambling, we can win big. For some people, the figure is not real, maybe right but the question is how about winning in lotteries, that is millions of dollars. There is something that I believe nin gambling, we can't all the time win big. If that ever happens to me, I was also generous to others - family members and friend. It was not encouraging them to gamble but just a sort of enjoying time as it might be the last win ever happen. |
|
|
|
A good advice for newbies: - stop dreaming about easy money, it never exists in real life - stop assuming that we earn a profit without knowledge of trading, it is impossible - lastly, don't rush instead, take time to decide Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
Before anyone chose to be a trader, we must have review our risk and what we are actually looking for to get as result. It is good to us to think very well before we ever going to learn how to trade because this would be the driving force that would help us to get to where we intend to get. It is good for us to review our decisions too so that we can earn more. For some people, they put themselves to the test and try trading. It is very common to see and we just push ourselves to learn the basics of trading after losing. This is a wrong practice by most but I see the reason why it triggers such a situation because of attractive words coming from influencers saying there is easy money in trading. Quite not know how difficult it was in real life. |
|
|
|
|
Show Posts
