The long Term is okay I guess, but if you can, because it can only be from extra money.
And of course these people can't do that with limited resources
It depends on what you invested in. If you hold on to a sh*t coin, after 5 years do think that coins is still tradeable? I have seen sh*t coins being delisted in exchange sites months after months, and imagine those who thought holding on to it for 5 years and get back to it thinking that it multiplied in 10 folds finding out that their coins does not exist anymore. Go for those that are among the top 5 in CMC and always look for updates if you plan for long term. Now people are understanding which coins to hold because every 6 month exchange are deleting the shit coins and it is not a good idea to hold those coins, it will not help us to make any profits from holding those coins. So we should always choose them wisely and it will help us to make a decent profit in the long term. A proper research and a patient attitude will be your key towards success in long term holding or trading. Choosing coins should be indeed undergo in a wise way because if you will become lazy and greedy in searching for a coin then you will definitely lose a lot of money along the way. You should also consider having a decent cold wallet so you can really make sure that you are safe. |
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The only reason why I think the traders not only in forex but also in other market is they lack on knowledge. Most of the traders that I encounter are aggressive and even me, I was used to be aggressive type of trader. I just jump into the market without having a proper education about managing both my risk and emotions.
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This is very challenging. Maybe it's possible to double your capital in two months but in ideal conditions in the market. To my opinion it's better to set some more modest goal that is easier to achieve and at the end you might not get disappointed and still you will earn some profit. Always have realistic and achievable goals, that is in trading very important.
Here I tell you guys .. The altcoin season is coming very soon ... if you follow one of those potential altcoins that could surge up to 10× even 100× and you can cash out in the middle as you only looking for double it down. I have several list , bought some and got a good profit already in the altcoin season warming up within just a month! Am I lucky ? I don't think so, I've done this multiple times . Cheers! What is your basis to tell that the altcoin season is coming in just a few months? I don't think that there will be an altcoin season unless the charts of the altcoins shows some reversal to their bearish chart. If you are a long term investor then the prices of the altcoins are good opportunity to grab some so you can lower your average purchased price and just be patient and do not entertain the noise within the market. |
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Some one is fooling Around with btc Price!!!
One day 7000 Other day 7500 then u think 7500 Supposusto be bull run u Buy and it will fall again.
If Tere is bull run its bull run Price should go up atleast 1 month Only up not like one day down other day up its like some one is fooling around.
Thats not a way how to invest thats not real bull run
You should analyze and interpret from how you understood the situations. Don't relied with others opinions as there's a lots of volatility around this market, lacking with good knowledge will only ends you up losing your money in a short period of time. Don't blame anyone, make sure to have your own system to find your way to succeed from this industry. This is the truth, it is better to be wrong by your own analysis and action rather than to be wrong by following other people's opinion. Learn to stand alone and do not depend on other people because it is not healthy for your wealth creation because your foundation is weak and anytime, all of the things that you built can breakdown into pieces. |
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I remember when people used to say having 21 was good, because then you would have 1 millionth of the supply. Now I see people talking about some 6.15 number, which I have no idea why or how anyone came up with that number.
Other guys tell people having 1 bitcoin will be 'enough' in the future, and how long into the future, I do not know.
I recently saw people saying online that 1 bitcoin is not attainable for most people, and they should aim for 0.1 bitcoin, and that sounded crazy to me. Surely if something is so important, you can find a way of getting 1 bitcoin over a year or two?
Do you guys have a certain amount you are aiming for?
Personally I dont have a cap on the amount I want to get. I just keep getting as much bitcoin as I can, when I can. Stacking sats I think the cool kids call it.
I dont think I will ever stop doing this. If I need to liquidate some in order to live and buy things, i'll do that, but i'll always keep trying to replenish what I spend.
How many Bitcoin have you acquired now and how do you get you acquire them if you may wish to let me know please. My aim is to get a thousand Bitcoin in the next three to five years to come. If you have a source of income then that would be a great start for you in acquiring bitcoins. Your next step probably is to develop skills in either investing or trading. Investing is safer because you don't need to deal with the volatility but you need to pay attention to the stage of doing research to just find a good investment for long term. From that, you should see growth in your portfolio and you will be on your way towards thousand bitcoins. |
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I believed that the market of bitcoin will remain tight and strong even there is a global economic crash because people know that bitcoin is not dependent on the happenings in our world and in a matter of fact, it might even go up even there is a global economic crash because people will rush in to store the value of their money through bitcoin.
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Having a full time job and trading at the same time is a difficult task. Unlike qhen you are a full time trader you can watch the market closely. Just aim for a long term trade because day trading will be more difficult. To monitor the market find the best application to monitor your portfolio.
I agree with this. You should not forced yourself to do trading while you have a valuable day job because it might not be the best for you in terms of productivity and the output that you potential giving to the company. I also agree that it is better to go long term trading because it will give you space and time in order for your portfolio to grow and it is easier to balance job and long term trading. |
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I will keep on holding until the next rise of the price of bitcoin. I am not in a rush to sell my bitcoin at a higher price and I am thankful that the market is giving me enough time to continuously accumulate bitcoin for my long term investment portfolio. I don't know why other people are so afraid to buy now when they know that the price of bitcoin will be so much more expensive than the price now.
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Whale dive created huge panics to all weak holders they perfectly knew that with such actions a lots of people will follow and full their bags, same deal with how they creates artificial pumped, fomos will buy afraid that the train will leave them not knowing that at the very peak whales will dumped everything and sucked out their profits. Leaving more people in trapped or force to sell with huge losses.
Its all about how strong your nerves are when whole market is bleeding. Whales are called whales for some reasons and one is they never sell in panic nor lose hope, no matter how much worse conditions are. The problem with small fishes are that they only wanna jump in when market is high and don't wanna stay when its down. Thats why they always remain small fishes who are eaten by whales. Indeed. The whales are so patient and they have a lot of dedication to the market that they know what is really going on. They have a lot of capital also and that is their edge since they can manipulate the market. I would suggest for the small traders like us to do not enter the market when it doesn't show any clear direction. Only trade or invest when the market has a proof of going up. |
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I do also think that it is not the right time to day trade due to some reason that most of the coins are dump and not making any big movement. The perfect time for daily trade in my opinion is if market is in balance state where not downtrend or uptrend. Anyway, I think after the halving we might see a bit difference so just grip for a moment until the right time comes.
Day trade is admittedly profitable as a result of we will create heaps of profit during a short amount of your time thus we regularly like day trade. However, in some cases the quantity of vaccines becomes too high and lots of suffer from depression. However, it's true that folks like day trade over long trade. Maybe day trading is profitable for you, but for me personally, this process is unprofitable. I tried day trading, but did not succeed in this. Maybe I just was uneducated for this. All of these indicators, patterns, technical analysis. It's all so difficult really. Investing for the long term is much easier, it is a way for the lazy, but it also does not guarantee a profit. Trading isn't for everyone and it means that trading isn't meant for you as well. We know trading could be a tough job and it requires ample time in order to understand clearly but before doing it, let us also examine ourselves if we are ready for any consequences that may happen in the future. Cause if we feel uncomfortably doing this at the very beginning, I suggest not to continue in trading and stop dreaming to become a professional trader, it only getting far from reality. I agree with this. If you are an emotional type of trader or person then it will become a hard thing for you to become a profitable trader. That was one of the example of traits that are not compatible to become a trader and it is indeed not for everyone. People should accept it and only stick to the things that are working for them. |
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Trading crypto is not as easy as imagined. Not just buying at low prices and selling at high prices. Or buying when a red candle and sell when
the candle is green. We need to compare prices when buying and when going to sell it, therefore knowledge of trading is very necessary.We if
you want to succeed in crypto trading, don't ever stop learning, always learn the strategies and techniques around crypto trading. Indeed, it's
easier for us trading crypto when the market is bullish, compared to trading when the market is bearish like now. We have to be more careful
when the market is bearish, because the price is difficult to predict like to fall suddenly. So from that when trading do not use all the capital we
have, use capital gradually. So when we buy coins and the price goes down, we can buy more coins. So when the price goes up we can double
profit.
This is my first lesson when I was just getting started to trade in the market. I used to think that I knew all of the things about trading and I was so confident to trade using all of my capital but I learned it the hard way, the market punished me and gave me a -30% profit in just 48 hrs and I was so frustrated and now I am very conservative in using my capital to trade and I just stick to my criteria. |
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Please see the risk when doing this. Personally, I experience big losses for I couldn't double-check the selling price and accidentally I wrongly put the amount instead of 0.00001BTC, I put it 0.000001BTC... How was devastating and even out of my mind after that? That it serves me a lesson to learn and that is why I'd never do it again.
Of course, most of the people will experience this type of loss because sometimes it is impossible to make a profit at our workplace. In my workplace, I can not able to open the website because our companies will use firewalls, that's why I used to place orders before going to the workplace. If you want to avoid losing money then you should not place an order before you go to work because the market of cryptocurrency is so volatile and it can bring a lot of losses to you since you are not active and in control of you trade. You should only trade when you are at home so you can watch the market an monitor of something is still in your favor or not. |
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It seems a small amount to other people to start trading with a $50 investment but it is a big step for a starter. Do not consider that $50 as an investment in cryptocurrency, consider it as your investment to yourself because you will learn a lot of for sure with that $50. You can try exploring and learning how to do cryptocurrency trading at Binance which is a popular trading platform and just deposit your $50 there and only choose the altcoins that have a volume that can provide liquidity, don't trade low volume altcoins.
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I agree with your points but if we don't spend it then that might create a stangnancy for the the growth and adoption of Bitcoin and crypto in general. Along with that, we need to promote the adoption of blockchain technology as that will help us in solving many real life problems!
Even though we don't spend bitcoin, it will be still alright because there are millions of supply in the market and it is better to hold our bitcoins and keep it for long term rather than sell it or spend it because we will help the market to lessen its supply and as the demand grows, the price will go higher and that will become the day we will be spending our profits from holding bitcoin. |
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There are people who rely their decisions base on others opinions and ideas. It is one of the reasons why there are investors who keep having negative portfolio. If they see someone who posted in the internet about buying bitcoin then they will follow it. Why we will follow their decisions if they are also struggling in trading of cryptocurrencies. We will become a profitable trader if we will follow the opinions of others.
I don't think that we will become profitable if we will follow the opinions of other people because that is not how you supposed to act in the middle of trading. You should stand by your own feet and you should not mind other people telling their opinion about the current situation of the market. Find the hints by your own and decide base on those things if what are you going to do. |
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I don't think we can make a comparison between the two assets. Gold has been used as a guarantee of value for more than five thousand years, bitcoin has only existed for a decade.
And while you can make fantastic gains (and equally fantastic losses ...) nothing guarantees that bitcoin will still exist in a year or two. We'll see.
When it comes to wealth creation, you need to seize every opportunity that you will be seeing in the market whether it is an old asset or a new one. Both of those two doesn't guarantee a return when it comes to holding them because anything can happen in the market and it could go up or go down hard. It is all about analyzing the market on which market offers the best opportunity and grab that one and try to understand its behavior so you can tame it. |
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Taking big risks can save big money. But is it worth it? Does it always make sense to embark on an adventure? I think we need to reduce the risk. Because the years go by and there's no going back. People think it's easy to make money from the bitcoin market. Don't make this mistake. The most important thing here is not to hurt at the beginning.
if he really has knowledge that can be used in Bitcoin trading he will be fine, indeed bitcoin is very volatile and we know the increase can be 10x the decline can also be 10x, you must have a good strategy to overcome it Learn the basics of the technical analysis and you don't need to worry about the sudden changes in the bitcoin's price. It is indeed requires a knowledge to be used in trading whether it is bitcoin or altcoin and that is the reason why it is best to invest into education first so once you got into the real world, you will become limitless. |
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Both long term trading and short term trading have their own perks and this is why they both are equally cherished by traders. Few people want returns in short time, they are contented by small returns if they are getting it constantly. For them short term trading is best while others who do not have issues with waiting but in return want big returns, they go with long term. In short, both are equally loved.
Both methods of trading are profitable what you do not know is which one is the best method for you, in my case I do not like the idea of having to be attentive to what happens to the markets all the time so I do not like the pressure of having to generate profits every single day but since I am good at holding my coins for long periods of time then long term trading is perfect for me but there are people that may prefer to do the opposite and in their case short term trading could be the best option for them. I agree. Find what suits you the most and stick with it. In terms of trading, you cannot be equally focusing on those two types of strategy because it might confused you a little bit and it will not become healthy for you long term to be committed to two working ideas. Find the better one and continuously improve and take lessons from the mistake that you are going to make until you become consistent in profit making. |
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Placing my buy and sell order in advance is my key to protect myself from the volatility that bitcoin has. I don't want to leave my holdings without placing them in an open order because once I got off from my desktop, anything can happen in the market and it could result to a huge loss.
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I think Bitcoin halving is an important factor, "Supply decreases + Demand increases = Prices are higher". After bitcoin halving occurs, the supply of bitcoin will halve while the demand for bitcoin ownership still has the potential to increase, for example: Bakkt a Bitcoin exchange fully complying with the provisions of the laws of the United States that have operated. , clearing the way for organizations to join the game. Fidelity Digital Asset Services has implemented depository and cryptocurrency trading for organizations
We can't be sure about the effect of halving to the price because like litecoin, it is done from its halving period and we can see that the price decreases, a lot. It could happen to bitcoin also and to be safe from profit loss, it is better to secure some profit or cash out at least 10-20% of your cryptocurrency so you will not risking that much from the volatility of cryptocurrency market. |
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