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Author Topic: Where should we focus this year?  (Read 26838 times)
Betwrong
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December 30, 2021, 01:34:25 PM
 #481

The Blockchain is so straightforward but 90% individuals actually fail to see how it functions.

Imo, you don't need to see how it functions to be using it successfully. How many of almost 5 billion people using the Internet understand how it works? And what about 6 billion using electricity? It's good for you to know this stuff, no doubt about it, same as it's good for a blockchain developer to know how to cook Tom Yum soup, but let's not blame people for not knowing things out of their field of expertise.

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DU18
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December 30, 2021, 01:52:23 PM
 #482

The Blockchain is so straightforward but 90% individuals actually fail to see how it functions.
In my opinion blockchain is not an easy thing to understand, it takes a lot of knowledge so that we can fully understand blockchain, even many of us here are still having difficulty understanding how blockchain actually works regularly on the internet by utilizing computing to create groups or blocks that are connected to each other.
I personally might think blockchain is a complicated thing and still requires a lot of knowledge to figure it out.

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December 31, 2021, 06:34:00 PM
 #483

That's right, even though I'm new to bitcoin, but I'll try my best if I can also enter trading just to make money and this year in the new year I also need to focus on it so I can know how to make money with crypto and how to invest and more.  all how to enter trading we just have to endure newbies must learn everything soon.
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December 31, 2021, 10:48:49 PM
 #484

The Blockchain is so straightforward but 90% individuals actually fail to see how it functions.
Technically, there really are a few people that understand how it works.

But with that percentage, there are a lot of people that use it without even knowing how it works.

Just like those people who have invest in cryptocurrencies, they don't know what blockchain is but they're part of the economy where people are using the tech.

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Betwrong
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January 04, 2022, 01:36:14 PM
 #485

That's right, even though I'm new to bitcoin, but I'll try my best if I can also enter trading just to make money and this year in the new year I also need to focus on it so I can know how to make money with crypto and how to invest and more.  all how to enter trading we just have to endure newbies must learn everything soon.

Only be very careful with that and when researching don't trust those "experts" too much. No one can tell you exactly in what direction the price is going. What you can do is to read several different predictions on reliable sites and then find the arithmetic mean, and bet on that number. But not too much, only what you can afford to lose. Don't try to make trading your main source of income, just have fun with it. Smiley

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judaspriest
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January 04, 2022, 05:02:32 PM
 #486

That's right, even though I'm new to bitcoin, but I'll try my best if I can also enter trading just to make money and this year in the new year I also need to focus on it so I can know how to make money with crypto and how to invest and more.  all how to enter trading we just have to endure newbies must learn everything soon.

Only be very careful with that and when researching don't trust those "experts" too much. No one can tell you exactly in what direction the price is going. What you can do is to read several different predictions on reliable sites and then find the arithmetic mean, and bet on that number. But not too much, only what you can afford to lose. Don't try to make trading your main source of income, just have fun with it. Smiley
In crypto it is not easy to predict coin price movements and it requires more in-depth research for sure but clearly nothing guarantees that the prediction will be accurate,
Regarding trading, I think it comes back to each person's choice and what must be realized is that trading is a big risk

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January 04, 2022, 05:28:38 PM
 #487

That's right, even though I'm new to bitcoin, but I'll try my best if I can also enter trading just to make money and this year in the new year I also need to focus on it so I can know how to make money with crypto and how to invest and more.  all how to enter trading we just have to endure newbies must learn everything soon.

Only be very careful with that and when researching don't trust those "experts" too much. No one can tell you exactly in what direction the price is going. What you can do is to read several different predictions on reliable sites and then find the arithmetic mean, and bet on that number. But not too much, only what you can afford to lose. Don't try to make trading your main source of income, just have fun with it. Smiley
In crypto it is not easy to predict coin price movements and it requires more in-depth research for sure but clearly nothing guarantees that the prediction will be accurate,
Regarding trading, I think it comes back to each person's choice and what must be realized is that trading is a big risk

Trading can be much more beneficial rather than just holding it for a year, I mean, there's certainly nothing wrong with hodling it as it is the most basic and proven way to make profits but if you want more than just hodling it and wait then trading can be way more interesting and beneficial if you have some extra time to spare like weekly but aside from that, it really requires capital and ofcourse knowledge about it.
And just like holding, only trade funds what you can afford to lose as it's the right way to avoid being too drowned.

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January 04, 2022, 06:48:50 PM
 #488

In crypto it is not easy to predict coin price movements and it requires more in-depth research for sure but clearly nothing guarantees that the prediction will be accurate,
Regarding trading, I think it comes back to each person's choice and what must be realized is that trading is a big risk
This is what underlies that this is a place where it fluctuates. because indeed we cannot know what will happen and even research and observations about the market are only to clarify and ensure that the predictions we make are obtained from existing data even though it is only speculation and whether it is true or not can only be seen from the results. the movement itself.

this is what must be based on from the start, many people do not understand this and immediately jump into trading without seeing the risks involved. Most of those who are here are sometimes beginners who don't really understand how and what the system works and only focus on coins that are becoming hype no matter what even the prices are too high.

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January 05, 2022, 04:39:06 PM
 #489

The Blockchain is so simple and yet 90% of the people still don't understand how it works.
It's just a bunch of independent computers,who verify transactions by solving complex math tasks.
For that work (solving complex math tasks),they get rewarded with bitcoins.This is also known as bitcoin mining.I guess that this is the most simple explanation of all times. Grin
Great drawing, by the way.

After I read some of the comments from top to bottom, I think this is the simplest answer that ordinary people will be able to understand easily.
Very easy to digest for beginners and I don't think their interpretation will go wrong if they develop their own questions later.
So i will answer like yours if newbies ask me someday, bless you mate!
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January 06, 2022, 02:21:32 PM
 #490

Focus on any project that has a real use case.  NOT a good price.  NOT a good marketing campaign.  NOT a meme.  REAL UTILITY.  There is somewhere around 5,000 cryptos and endless whitepapers claiming all kinds of solutions.  However, 90% of them are just pump and dumps into fiat.  Its almost sickening given that we are almost a decade into this technology.
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January 06, 2022, 03:10:14 PM
 #491

Only be very careful with that and when researching don't trust those "experts" too much. No one can tell you exactly in what direction the price is going. What you can do is to read several different predictions on reliable sites and then find the arithmetic mean, and bet on that number. But not too much, only what you can afford to lose. Don't try to make trading your main source of income, just have fun with it. Smiley
In crypto it is not easy to predict coin price movements and it requires more in-depth research for sure but clearly nothing guarantees that the prediction will be accurate,
Regarding trading, I think it comes back to each person's choice and what must be realized is that trading is a big risk

That's right. Trading is not something where you can completely rely on your skill and your success was guaranteed with that. There is too much uncertainty involved for anyone to be a real expert in this field. That's why learning the basics of money management is way more important than researching about "how to trade successfully".

.
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