I joined the futures trading platform a few months ago. There I buy 50 SOL 6x. After I participated, a bad news hit the market. And the bad news is that FTX is bankrupt. Then there was a huge loss on my futures trading platform. I continued to liquidation there without giving up. At one point while adding liquidation my total balance became very high and liquidation also came down and loss went to high level. The bloody year 2022 ends and in 2023 the market is slowly pumping and all my losses are recovered and I see profit.
Congrats on that, but for me it's just luck because the market reverses and this won't always happen in your every trade, and this should serve as a warning to those who want to do futures trade that when you don't choose a stop loss it's like you're gambling and chasing luck to come and when you feel bored because you don't see changes, chances are you are already in a bigger loss. Basically it will be difficult to make a profit in the current market conditions before the market reverses, I think only luck can save from big losses and don't expect it to keep coming, even so must still learn from it. |
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After the loss of a good investment - I would not play on the loan money never.
In Fact there are a few incidents which has changed my mind set altogether.
It means that you have gained a very valuable experience in your life so that you want to stay away from borrowed money. Actually that's good because you have felt the risks of borrowed money, now you are starting to stop approaching borrowed money or the like so that making the past really become a very valuable lesson for yourself. Because in the future you will always think about business and any other thing using only personal money without anything to do with loan problems. That is why I have never taken out a loan in any form as long as I can still try to achieve something that I want on my own. It's not easy to stay away from borrowing money and it definitely takes a process, In some cases, lending money is not a good thing, but if you look at it as a whole, I don't think it's fair if we judge it as a bad thing, in business taking loans is not a bad thing as long as we can be wise and manage it well. |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I guess you have heard about bitcoin, but you did not choose it but chose NFT because you want to make money fast, want to double your limited capital. There's nothing wrong with all of us wanting that, but I want to tell you that things are not so simple. If it is possible to get rich quickly, then all of us who came before you become rich and opportunities are no longer with you. Newbies should not invest, all newbies need is knowledge, when you have knowledge, you will know where to invest. Yes, I think beginners need to change their mindset that to make a profit requires a process, indeed our goal here is to make a profit but we have to think about the right way so as not to lose, knowledge is indeed very important and not only beginners but all of them need to keep learning. |
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Trace is a good project and of course at a price of $ 0.038 for me Trace is still very cheap, with a circulating supply according to coinmarketcap it is still 48 million I think going to $ 1 can happen,
it's just that Fomo metaverse and Bullish returns are one of the conditions for Trace to reach $ 1 ,
yes for fundamentals I think Trace is still good for investment, it's just possible if they are able to list on several top tier exchanges I'm sure Trace can be more secure.
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Dogecoin Price Losing the Grip as Elon Musk May Not Remain Twitter CEO for Long! The Dogecoin price has been trading below the crucial 200-day MA since the beginning of the yearly trade. Meanwhile, the buying volume has fallen heavily. Also Today Elon Musk expressed his willingness to step down as Twitter CEO. He conducted a poll on twitter platform. The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead? How can you say like that? Haven't you noticed Dogecoin's daily trading volume? or have you never paid attention to the position of dogecoin in coinmarketcap?. in my opinion, doge will not die and will not disappear in the market as long as it is still in great demand and is supported by large investors who have their largest capital. what you say is not likely to happen There are still a lot of Doge Holders, in fact I can confirm that almost everyone in the cryptocurrency community has Doge in every wallet, because Doge is indeed one of the oldest altcoins in the world of cryptocurrencies, if you say that doge is dead then you are really really still don't really understand how crypto currency works. |
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Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.
Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
It’s clear that all newbies started with losses as there’s no such newbies who will literally become an expert trader all of a sudden. Everything started with losses of course and when you continue your journey as a trader, that’s the time you will develop chances of improving your performance and correcting all the mistakes you have done in the past. As losses are part of training, then one should not fear it as no one gets successful without having to endure losses at first. It's definitely not easy for beginners to make profits for the first time in trading and those who make profits maybe it's luck, for experts in trading it takes a process and those who are experts must have a lot of experience, besides that losses are also part of the process and we can learn a lot from it. |
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Doge can go 1$ many people waiting that.
I'm not sure whether Dogecoin will be able to touch the value of $1 because I see that there is a lot of supply (currently stands at 132 billion dogecoin) and not everyone actively uses Dogecoin for transactions. If you look at Dogecoin at the moment, where the development is also not very visible, of course it would be difficult to hope to touch $ 1, but somehow we can not underestimate it, what is clear is not easy for Dogecoin to reach $ 1 and let's see what will happen in the future. |
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Upon checking this Month is my 5th year with cryptomarket and It was a meaningful 5 years of experience which I can say a total success already for me. There are losses yes but I focus more on my winnings because I was able to buy the things that I dreamed for, and was able to travel locally. Cryptocurrency gives more meaning to my life over the past 5 years, and I’m forever grateful with this. Now, I’m looking forward for a more rewarding years which I believe is about to happen again.
5 years is certainly not a short time and you certainly have a lot of extraordinary experience during these 5 years, it is also not easy for someone to survive that long in the crypto market, what is clear is that success requires hard work and trust in the process. |
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Money was the root of all evil since the beginning. Doesn’t matter what country you are from. Before paper money it was probably gold which was considered the root of all evil.
Look how many crime is committed due to money. Look how much hardship people have with little money. You guys billionaires blowing money left and right and you got kids starving in many parts of the world.
Money is like a double-edged sword, on the one hand, it has many benefits, but it must also be recognized that on the other hand, money can also cause problems, I guess it all depends on how we use it, hopefully in the future you can use money wisely even though it looks trivial but it's not easy. |
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The future of Bitcoin is uncertain and highly debated among experts in the field. Some believe that the decentralized nature of Bitcoin and its growing acceptance as a form of payment will lead to it becoming a widely used global currency. However, others believe that the lack of regulation and potential for illegal activity will lead to it being banned by governments and eventually becoming obsolete.
Yes, we know for ourselves that the development of the times is also accompanied by technological developments and that will continue to happen, so there will be a possibility that Bitcoin becomes a global currency, but what is clear is better just follow the development. |
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As far as I used Trustwallet I found it safe for storing crypto. But still we know that hardware wallet is best for storing coins I will recommend to store your crypto in hardware wallet. Trustwallet will be safe if you not connect with third party sites and did not store Private key in any online place .
I recommend to use mobile for storing crypto and don't enter Laptop it pc for crypto because most of hacking done through PC malware software.
@op specially asked about online wallet in android as like Trustwallet and metamask. Hardware is absolutely safe but i don’t considering it for small amount of crypto because you have to spend good amount of money to buy it, even it’s not for the all countries as i know. Wallet hardware is necessary for those who have lots of crypto coins, because if not I don't think you need to buy it especially the price can be said to be expensive, regarding Trustwallet there is no doubt about it and in my usage it is safe. |
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for now? yes no one can overtake Ethereum( Bitcoin is given that irreplaceable) but ETH? i have been watching the market and the coins and its usage and I wanna say that there are also other coins with much good function than Ethereum though this coin is backed by whales for now and being selected so there are no movement of taking place , but we don't know in the next couple of months as surely? there are many of those that will come across .
Indeed. There are many coins with strong fundamentals and they are also potential to have big market caps as Ethereum. But people seem still prefer to use Ethereum as their main assets, Ethereum has been proven for many years and no one doubt it. Although Ethereum looks like have no significant development lately, people believe Vitalik to keep Ethereum leading altcoins with some plans in the future. In the next 4 years, I believe no other altoins to overtake Ethereum. Because Etehreum is standing for how many years now and seems no coins that can break its position for another couple of years , though I still see some good projects that only needs support and investors to make its way serving users of its own blockchain. but for now I must admit the the influence of Vitalik and its team is covering the whales support as it stays rank number 2 till now. We need to appreciate it because with its influence we still see Ethereum in the 2nd rank, I think Ethereum will still be in its current ranking and I don't think there will be another coin that can unseat it, only time can tell for sure and we'll see. |
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I don't agree with your point, not everyone can build their own business, sometimes it's better for them to work with other people.
In some part of the world like Nigeria, it's better you build your business than working for someone. Working for someone here is like enslaving oneself. They hardly pay good money and anyone that pays too will use all your time and leave you with no time for yourself. Although one may start his/her career working somewhere but it should be a stepping stone. One should try to save and build his own business as time goes on. Not just in your place, it is in all countries and people want to get into business it is just they still don't have the capital to start and they are having a hard time-saving money because their salary is just enough for their daily needs. The cycle should also need to be balanced if people want to get into business then that meaning of it there are no people that are working or operating those businesses? as well as if there is no business as they want to work an 8 - 5 pm job then there are no job opportunities. Yes, a lot of things are needed in building a business, so it's not something that's easy, in terms of capital, sometimes some people work around this by borrowing money from a bank or whatever it is, but of course it requires consideration so that you are not wrong in making that decision. |
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for investment I recommend going to Altcoins, but for trading of course Bitcoin can be an option, the reason is very easy, that altcoins can make you achieve 100x profit on investment,
it's just that you have to really choose alrcoin investments which are good in terms of fundamentals , yes there are lots of potential altcoins, for example Nervos and Verasity,
try investing in these altcoins and wait for the bull market to come.
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there is no doubt that we are in a bear market right now, there is no indication of the next bull run. it looks like we will spend this year with small ups and downs, who knows, maybe at the end of the year, maybe at the beginning of 2024, we may see the next bull run
at the beginning of 2023 the bitcoin price has also experienced a bullish, market has shown a positive sign that the crypto currency market is bullish in Q1 2023, it can be seen that the Bitcoin price has reached above $ 20k again and is now very strong, there is an opportunity for us to predict that the bearish is over, however we also have to know that the crypto market is very volatile and maybe this is just a bull trap, so do not be careless. |
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simply too haste of a decision, so many are already saying that ethereum aren't gonna be going lower than it is and even if it did, it wouldn't be for long since there are many bag holders that are ready to bag hold ethereum.
considering recently the fact that after btc rises eth follows simply means that if btc is strong enough then eth will also become strong, the other alts might collapse even though they have big market capitalization but I'm sure ethereum and bitcoin will never ever collapse, meanwhile their value will just linearly growing just like their stats and charts over the course of decades has shown to be linearly growing and keep rising in terms of value.
ETH has no chance of collapsing of the crypto market is still alive. The market has been also in worse condition before but we still see ETH survive and it is because it is one of the most valuable altcoins in the market. If we can see it drop these days, it is possible because of the changing demand and supply of the market, not because it is losing its potential. That is why there is no reason why we have worry about the current situation and certainly we can get out of it soon after halving. To be honest for myself there is nothing to worry about on Ethereum, Ethereum will continue to survive in any market conditions and I believe that, most importantly follow the developments and let's see what will happen later. |
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I believe that one of the most important stages for a beginner is training. This is something that is really worth paying enough attention to. Without this, the result can be somewhat frustrating.
Yes I think so. If you are trying to learn something new then you need to focus well first. And if you can't focus well then it will take you a long time to learn that task and what you are not good at. Can't gain experience. So I think we should always think carefully and then start any work with a decision. Right and I think in any case the focus is always an important thing to pay attention to, sometimes people forget that and when we focus on learning something new it will at least make it easy for us to learn it, Before making a decision, it is very important to consider it first. |
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We all can be rich but what tied us to being poor is our mentality, we need to change our way of thinking and reasoning and get new orientation to position us the normal way we should think and live our lives, we are not expected to feel inferior with the way of our life, we must be courageous and remained determined for success no matter the price required, it's what will change our lives for a better tomorrow if we set the mindset right on a good positioning to work in our favour in whatsoever thing we do in life
Changing mentality is also not that easy because various factors, especially environmental factors, seem to really influence it, when we are in an environment that is always supportive and continues to work hard that is where our mentality will be formed, all of that requires process and sacrifice. |
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My advice to newbies who will like to try out trading is to be courageous and determined. Trading is educative. It trains three major aspect of the human mind. The first is greed, the second is money management and the third is emotions. There is no business that doesn't incur loss the difference is how the trader manage their emotions, funds and greed level regardless of what strategy used.
In trading the three aspects you mentioned are very important and we need to manage them properly, trade is so complex that we need to learn first, what is clear is that we have to prepare many things before starting to trade. |
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Right now 100$ per week is enough for me and my family, I know that people living in the U.S will need more than this to survive but dollar value to my local currency in my country is satisfying, I am still able to save some money and run my business, so as you can see I don't need a lot live a normal life.
It is clear that we cannot equalize salaries in every country because the needs of life are different, for me $100 per week is more than enough and if I lived in the US it would definitely be less, but back again if we are not smart in managing finances then no matter how much we will be lacking. |
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