This year has been the hardest year of all time for most countries, no country has been affected. Almost everyone has been affected by this pandemic, even this year is like a dream for me, I still remember how I spent the beginning of 2020 when my country still hasn't know. about the virus that happened in Wuhan. and The health situation has changed and hundreds of millions of people will die as a result of the health and psychological well-being of this virus. I myself had a mild stroke and failed to get the covid vaccine. Because of my background disease, I have not been able to get the vaccine so far but I consider myself a lucky person to not have this horrible disease.
Indeed. Pandemic started year 2019 but the hardest year is this year 2021. There are so many challenges that people face in this year just like business was being close, there are lot of unemployed personel and I can say that it is the hardest year for most of the countries because no countries were not affected in this pandemic. There is no work but the prices of essential goods is still rising and it is the dangerous part for some of those people who have an illness to go outside for they are the people who is easily affected with this disease. The past year was a terrible time but this year was the hardest time to those unemployed person. |
|
|
|
Being desperate cannot help us earn. In fact it can make us loss because we cannot make a proper plan because of the desperation that we fell. The only thing that we need to do specially when we are desperate or when we arein loss is to keep calm and have some rest for good there is always another day to start again.
What I notice is when we get desperate to earn a profit on some things we are going for ex. trading we will lose more since the more we pressure ourselves to earn and we became greedy its because the first thing came to our mind is big profits, even though we know the risk of losing but still we push since we want to gain profits and its hard to chase and put double of the amount we lose just to recover back and hoping to gain again that's why we should have discipline so that we became contended and knows when to stop if there's a opportunity to gather or bounce back on next time. Indeed. Being too desperate just to earn will possibly lose your capital in trading. It will never help us earn. Once you start trading, you must be discipline for you to make a good decision and acceptance for you to accept everything you lose because of your greediness. Maybe we are desperate to earn it is because we want to earn huge profit, that was the first thing comes in our mind once we trade. Even they don't have knowledge in trading but they push their self to trade. Once you start trading, knowledge also is very important especially learning to analyze market for you to make your own strategies and techniques to earn not to lose. |
|
|
|
It will be based on how well he manages himself before investing.
The investor has targeted and also the period of investment. Some are being long-term investors so that they will not mind enough with the decreased price.
Here, if an investor has been ready for the investment, he will be ready for the risks, including the loss of the money itself. That is why it is better to manage the funds to invest.
Being sad because of losing is normal, but never put yourself in bad condition often after losing. Keep moving on
Crypto trading cannot guarantee profits most of the time so better expect more losing experiences than gaining profits. It is indeed a self motivation first before deciding to invest or trade so you won't come in the market often losing because you have not prepared for such circumstances. The moment you entered into crypto investments or any kind of investments, prepare yourself as things might go wrong far from your expectations. For me, just don't let your emotions controlled your whole mindset. Be flexible and learn to take things the other way around if things don't go out as planned. Be positive and stay focus to your goal. Indeed. Crypto Trading is not always earning huge profit but also to expect loses. Trading have a lot of opportunities to each one of us but always remember that there is also risk once your in it. Discipline also is needed in trading since prices are not stable. Discipline and self motivation is needed to make a good decision or to create a better plan on what to be your next move after losing money. Acceptance also for you to accept that there will be times that it won't be in your favor but it is also happening to everyone. You can win some and lose some. That's the reality of everything not only in trading and investing. |
|
|
|
Bitcoin advertisement or promotion by celebrities are always good to make people interested in bitcoin but the most important thing is the acceptance by governments or everything that will ease people to use bitcoin. Today there are many countries start to accept bitcoin, if government accept bitcoin then bitcoin related company will grow easier. I think the news that we need is bitcoin acceptance by governments.
Indeed, influencers and the government are the top reason for crypto to be widely accepted and gain popularity. If the government support crypto by adopting and introduce it to people as currency then they will start to use it as an alternative to fiat. While influencers can create huge impact as well if they promote crypto, because we know these influencers has many followers that look up and believing on them. Indeed. It seems that influencers and the government maybe are the top reason for crypto to be widely accepted and gain popularity. Crypto provides its own entertainment for a trend, as long as we provide and give satisfaction to the users, it will surely reach out more people in the online community. We can create news as long as it provides value to the target audience. Influencers give a huge impact to crypto if they help promote it because as we know influencers has lot of followers which will help crypto boost and support by everyone. |
|
|
|
Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?
Calmness, Many people doesn't give this much credit, but being calm during bullish or bearish season is what makes me above other traders. Cause due to my calmness, I actually be able to plan my moves and execute it without having any regrets. Oh yeah, I am also a person who doesn't wants regret so I am a go for it person, but that will be good if you have some funds to spare  Indeed. Calmness is also what traders needs especially when there is changes of price. Being calm and having discipline in trading is what traders needs. Some of traders gets panic which cause them lossing their capital. Due to my Calmness and the discipline that I have towards trading, I can make a good decision and able to plan my moves and execute it without having any regrets. It was also good that you will set aside funds for you to not lose everything what you have in trading especially when you do mistakes without noticing it. |
|
|
|
No need for teaching. Why set an age where should they learn? Preparation? That was crazy. It's not something that you need to prepare for 10 years lol.
Just watch them grow and let them encounter the things without us interfering with them. Trading is important but we should not force them to undergo trading without their interest in it. Soon, they will encounter it and will ask for help. That's the time we need to step in.
Indeed. It was great though that you will let your child decide what they really want. Watch them grow, let them be who they are but always teach them good lessons for them to learn. They might encounter trading and maybe ask questions about it or ask help for them to understand it. There's no need for us to force them about trading, let them explore and encounter it than introducing this to them because it may confuse them if we will introduce trading in a young age. If there's the time they will ask about it then it's the time we need to step in and help them understand about it. |
|
|
|
Hello,
I've realised a lot of people have capital in their account to start investment in crypto currency but have no idea how to go about it.
I have a lot of friends and people that have approached me either saying they have some amount of money to start with or asking me how much capital they need to get started (the minimum). I tell them the same thing every time ~ that they need to get acquainted with crypto first before getting their hands dirty with investing or trading or whatever they want to get their hands on. They might get lucky as newbies and would easily lose those profits if they don't have some crypto fundamentals up their sleeves. For someone just getting started, I recommend: 1. First deciding what you want to be - A trader / investor, etc. But I'll be focusing on trading instead of investing (a la trading board) 2. For trading, it's best to explore trading resources available: These are some of the best trading resources I've found that can help anyone get started in crypto trading. +1 Whether you are going into investing or trading .. you have to upgrade yourself. get yourself educated through a lot of well known sources , to be specificly there is countless resources on youtube but most of them arent really well explained and experienced , could be just a random knowledge and full of specualtion . youtube is a great educational resources if you prefer to not reading books through , as books always better for me. after you have acquired a little knowledge then you can go into practice and the more often you doing it the more skills you'll get in each passing day. Indeed. Knowledge is very important in trading. Once you start trading you need to have the capital. Always remember that trading is not that easy, it is too risky and you can't guarantee a return, you might lose your initial capital for trading. If you want to trade, you should need to be prepared, learn the basic, you are able to manage risk and study more or should I say do a lot of research about trading or ask advices to those veteran who experienced a lot in trading so you'll not end up wasting everything you have. |
|
|
|
Still remember buying ETH back in Jan 2017 at an amazing rate of just $4/ ETH  ) Was a bit skeptical )) If I only could turn back time, haha Turning back time is just an impossible dream, because time never goes backwards, but always goes forward, so there's no need for regrets if you've been through at that time, so stay focused on the present for a better future so you don't regret it twice. Indeed. Maybe we will experience again what we experience before in Ethereum but at least we learned a lot to what happened before and knows what to do in the future. It is good to invest in Ethereum because it is one of the altcoins that has a good price and value. There are lot of people also who invested in Ethereum because it is good for a long term trading altcoin. |
|
|
|
I think bitcoin is also good for inflation protection. Provides benefits that exceed other investments. It's just that not everyone likes risk because the risk that bitcoin provides is too big so it's not suitable for people who just want to be in the safe zone. However, for myself, I prefer bitcoin because I can get profits.
When you hear bitcoin, what most people think of is a big risk, it is undeniable that it is true but when we understand it I think we can minimize the risk, after all it comes back to each person's preference Indeed. Once you understand bitcoin and have knowledge about it will help you minimize risk. There's a lot of risk once you enter cryptocurrency but you can minimize it by knowing what to do and especially having strategies on everything you did. Knowing also how to read market helps you also think what strategies you can apply on it. It will just depend on how you handle things. Bitcoin is also good for inflation protection. |
|
|
|
I suggest to always make a precautionary measures on listening into others decision or suggestions about how to invest or what coin to invest, because at the end you'll be the one to suffer, you can always listen to their suggestions but don't take is seriously you also need a self study or do own research about it for good.
Indeed. Listening to those who experienced this is very helpful into making decisions. Set an investing budget is my suggestion to make sure that you will be successful in your investment. Invest only on what you know and nothing more and lastly accept the risk. You might also do some research to know more about it. |
|
|
|
I agree that money can give happiness, but money can't buy happiness. for me personally, even though money is very important, but money is not everything. Money can be a measure of a person's happiness, but it is not the only factor.
It can be said that money is like the roof of the house, we can do any activity at home but it will not be comfortable because it is exposed to the hot sun or rain, without money we will never be calm and comfortable, because all things must be paid for with money, money and happiness is inseparable things. Indeed. Money is what we need for us to live just like buying food, creating houses and other things. It can give happiness because you can do whatever you want, you can buy anything with money except happiness. Money can't buy happiness because the things that bring long-term satisfaction and contentment cannot be bought. Money can bring pleasure, but it will eventually fade. Money and happiness is quite connected in our life since money is very helpful through financial and happiness gives us the feeling of being comfortable and being contented of what we have. |
|
|
|
if we let ourselves carried by our emotions, then it will not lead us into our goal but rather pull us down and commit mistakes again. Although being emotional and even greedy when it comes to investments profits, is a human inborn but if we start controlling it then somehow we can minimize committing mistakes and losses.
For me, the best advice i can give is to set a target price when to buy and sell. If you have your plan and definitely your goal, then even if you are struggling to control your emotions but as long as you stick to your plan then you will never be in a huge loss.
That target is the thing that makes the difference between a newbie and a veteran. I know that there are more things that makes a person a veteran, but as long as you do not have a target when you get in, you will always be a newbie. So, it is like all thumbs are fingers but not all fingers are type of situation where if you do not have a target you are definitely a newbie but if you have a target that doesn't mean you are a veteran. When you get into any trade at all, any investment, any income bringing thing that means you need to know when you want to get out, even if it is a million dollars then you still have to know what you are doing and act accordingly, without that then you will always be running around not knowing what you should be doing and that will result with a loss 100% of the time. Indeed. Emotions plays a very important role in trading. I have seen a lot of traders who are good at analyzing markets, trends and predicting coins with amazing accuracy. Controlling your emotions gives you a lot of opportunities in trading. But I also have seen a lot of traders that cannot control their emotions in trading just like they panic when prices started changing. They can't control their emotions and their greediness which lead them to losses. Newbie and veteran is totally different since veteran has lot of experiences which means they learn a lot of things on what they've experienced. |
|
|
|
Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.
Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?
No profession is without risk. It's based on individuals ability as well as their passion. For me I will keep trading because I'm so certain that I will someday become so confident in myself without having any more doubt about my trading ability. Quitting is a capital no for me I'm always willing to develop myself with it Indeed. Experience difficulties in trading is not the reason also to quit on it. Trading has a lot of risk. It will just depend on you on how you handle it. Its better that you will also have the experiences since experiences help you learn a lot of things in trading. You can face everything without doubting because you have the confidence and knowledge on it. Just always trust yourself and allow yourself to develop or improve. Quitting is just for those people don't have the knowledge about it |
|
|
|
Bitcoin has dropped a bit after reaching 50$ mark so I feel it is a pretty good time to invest some amount in bitcoin. But it can go down even more so I recommend investing small amount now and wait and if it falls even more than invest more on it.
That's $50k. That strategy is new to others. That after buying, they miss the other dips because they've invested all that they have on that specific price. Unlike buying with each dips and with little amounts, you'll have many opportunities to buy for every dip that comes. on every decline we also have to set a buy area at support, so that it is even more maximal in getting a profit. therefore it is better to divide our capital, do not buy at one price only. because its nature is probability, and of course there will be movements that we don't want, so we have prepared a strategy beforehand Indeed. It will also depends on the purpose of how long you are going to hodl your investment. If you couldn't decide about it, then try to invest in a small funds first and see how the market moves so you'll learn how to deal with it. Trading and investing is such a long process, before you will start or begin to this, you must need to learn or have the knowledge about the market first. |
|
|
|
So focus on the current time. Good luck!
Correctly, focus on today and make past events as learning only, it will be difficult to re-plan for the future if you continue to regret past trading decisions, what you get is what you deserve, if the market continues to rise why not come back into the market with keep in mind the possibility of profit to be obtained, as long as crypto trading is still there and there is enough capital, the possibility to get profit will continue to exist. Indeed. Move on for what you've experienced in the past and make it as your learning and focus on today's market since it brings a lot of good opportunities for the trader. I'll pick and bring with me those experiences that I've learned in the past, those mistakes that made me realize that I shouldn't do at present. Those times that I panic selling my coins because of the price taught me many things especially on staying calm all of the time to avoid making mistakes over and over again. |
|
|
|
I think that buying Bitcoin is also a wise decision. You didn't get profit from Cardano now, but I am sure that if you are patient enough, you will hold Bitcoin for a while and you will also get a good profit. Moreover you are so young and already involved in crypto, so you have enough time to make money on this market, so just take your time and don't give up.
Indeed. If your holding Bitcoin or other coins that possibly give high profit then no need for you to be sad since you will surely earn your profit with that coin. Choosing other coins is a wise decision especially when you choose Bitcoin. Maybe Cardano will not give you profit but I'm pretty sure holding bitcoin for a while will give you a good profit in the future. Indeed. As long as they are young and can make income in other way, then there's no need for them to be sad because they have a lot of time to earn money, if they just give all their effort and be patient always then they can earn and learn especially to all of those mistakes they've done. |
|
|
|
People nowadays were fascinated to earn much from their investments, without knowing the risk behind. Being too desperate will probably put your savings at danger zone, because if not managed so well and you applied short term trading with the wrong actions it won't sustain for long time.
You have another options like long term holdings, but patience is the key in order to reach it successfully.
If you can't control your emotions on that situation, I guess trading is not good for you.
Yes I agree with you opinion too desperate to make earning is really not a good idea for me because one of my friend do the same he is so desperate to earn money and his minds think like a greedy his plans are in a greedy way and after he losses all his money. So i think desperate sometimes makes a person so geeedy. 🙏🙏 Our goal is to make a profit when trading, but we need to control our emotions, so we are not desperate to make earnings. If our emotions are not controlled, we will make wrong decisions and in the end can make us experience losses. In getting profit sometimes there is no need to rush, we need to be patient when trading. Don't let greed take over our minds, not a good thing if we trade with greed. Successful traders, make profits slowly and gradually, there is a long process to go through. Because we can't make big profits instantly. Indeed. Once you're in trading, you must need to have knowledge first on what to do. Some people who enter this usually give large capital for them to earn higher as they want without even thinking what would be the result of it. Trading without knowing will surely lose your capital. You must need to know that trading is risky and you must also control your emotions especially to some newbies for you to earn. Don't be to desperate, even you made mistakes just let it because experiences will help you learn. Learn it step by step, start with just small capital until you can handle the large capital. |
|
|
|
When it comes to trading in the market you can't think of income at the beginning there is a lot to learn and know at the beginning they need to be made to be well versed in trading if skills are created in trading, then there should not be any problem. But if you are not efficient there is a possibility of many losses the type of chart to acquire your own skills the resources that will later help traders make better decisions you have to take a little risk at first it is not possible to become proficient in trading without taking risks there is a loss they can learn something new.
Indeed. When it comes to trading, you must learn how the market works and know how to read it for you know what to do and earn. The skills a crypto trader requires comes from ongoing experience and development. You must need to learn the moves of cryptocurrency or the market of it for you to know what strategies you need to pick. Discipline also is a very important skill in trading. You need to have discipline for you to control everything around you especially when it comes to your emotions because it will led you to losses. Discipline will also help you make a better decision. |
|
|
|
Newbie When it comes to trading platforms they guess all the coins By sale. They travel by guess without any market analysis and start buying by sale. Once the market declines, they become frustrated.If the futures trading platform goes away, they will lose all their capital.In fact, the first reason is that they have no idea about cryptocurrency trading. And because they have no idea, they lose all their capital at some point.
Newbies lose huge amount of money it is because they can't control their emotions once prices started on increasing. Losing money in trading is not just newbies problem, expert also experience this when they do wrong things or move. Newbies also don't have strategies since they are new, they don't know how to read market and they start on buying when prices are too huge to buy. Since trading is very risky, newbies needs to know everything about it, they need to have patience and learn to read market for them to have their own strategies and for them to know what to do especially market prices is not stable and have lots of changes sometimes. |
|
|
|
|
Show Posts
