drachman
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January 24, 2020, 03:35:15 AM |
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"Money makes money" Also in the other hand. Imagine we have two traders: 1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 2. A Poor one who needs to go out and work and usually thinking about bills, etc.. Ofcourse, the first one can trade much better than the second one. I hope all you guys be the first one with a good pillow xD That is only true if those that have that money know how to use it, if you have done everything in your power to learn everything about trading and investing then you will generate more money with your money, but if you got that money just because you were lucky enough to be born in a wealthy family then even if you have money you will not know how to use it to generate even more money and you will eventually lose it and end up like the trader in your second example. That is how important is financial literacy. Financial literacy doesn't choose between poor or rich because it is always up to the person if they are going to have a financial literacy. Financial literacy will help a lot because with their knowledge about finances they can identify if something is worth it to try or if it is just a time and money waster. Financial literacy is critical, it is known that the majority of those that are rich now were not born rich and instead became rich thanks to their efforts, meaning that wealth does not really last long and that most people end up squandering their wealth because they do not understand how to manage their money, this is similar to what happens to lottery winners in which the majority have to declare bankruptcy just years after winning the lottery because they never knew what kind of effort and skills were needed to get that money.
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wajik-tempe
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January 24, 2020, 03:44:08 AM |
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Very valuable advice in the first post about to trade on the spot market. But some people in the pursuit of quick profits do not use common sense and open trading positions with maximum leverage. This madness. If you can't do without margin trading, then at least use minimal leverage and stop losses.
Yeah many people are just aiming for quick profits buying rising coins without any technical analysis of even read the news about the coin itself, these kind of people are the targets from the whales to make profits because most of them are often to get trapped and ended loss
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MWesterweele
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January 24, 2020, 02:18:25 PM |
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"Money makes money" Also in the other hand. Imagine we have two traders: 1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 2. A Poor one who needs to go out and work and usually thinking about bills, etc.. Ofcourse, the first one can trade much better than the second one. I hope all you guys be the first one with a good pillow xD That is because of lack of money management, I believe that some rich people now also started from scratch like us, they are not born rich, they just have a good mindset that lead them to success. Everyone keeps complaining that only "rich" people are getting rich in trading because they have many money but the thing is, at first they are not afraid to take a risk in everything.
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Ucy
Sr. Member
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Bisq is a decentralized Bitcoin Fiat Exchange.
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January 24, 2020, 03:54:24 PM |
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Trading futures is akin to gambling and the whales know this, they are basically like the high rollers in casinos but the difference is that with casinos, all the power lies with the casino owners and the gambers knows this, but with bitcoin futures trading, it's a bit different because manipulations are being done all the time and it wouldn't cost them much to start spreading false rumours that could take the market in any direction they want thereby stacking the odds in their favour, I believe that if bitcoin futures trading wasn't a thing, then we would see a much more stable growth for bitcoin free of most of the manipulations that occur daily.
Exactly. Any serious cryptocurrency should by now be considering banning any exchange that is part of price manipulations. Such decision and similar ones should be done democratically, by the affected communities (of thousands/millions of users) and not just a few. Price movements should be based on real fundamentals and not manipulations. By the way, price manipulation is done in many ways, and not just on such exchanges. If they are all stopped/prevented, we will probably have only few cryptocoins moving up as they should.
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Apened
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January 25, 2020, 03:50:25 AM |
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"Money makes money" Also in the other hand. Imagine we have two traders: 1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 2. A Poor one who needs to go out and work and usually thinking about bills, etc.. Ofcourse, the first one can trade much better than the second one. I hope all you guys be the first one with a good pillow xD I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.
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Janation
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January 25, 2020, 04:39:37 AM |
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I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.
And you believe that a rich person will not work? A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal.
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fib123
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January 25, 2020, 06:27:48 PM |
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this time is very boring and volume less in all market exchanges and binance too. just because of whales are doing all this shit for their own benefit
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gabmen
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January 26, 2020, 07:02:45 AM |
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I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.
And you believe that a rich person will not work? A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal. Well most of these rich people had to go through what we we're experiencing everyday. People like jack ma, mark zuckerberg, bill gates, manny pacquiao, all these weren't born rich. Perseverance, hard work and being smart with what they're doing paved the way to their success. And whales aren't the only ones making good money out of crypto. They make waves and we just need to find ways on how to ride those waves.
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carlisle1
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January 26, 2020, 07:25:36 AM |
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because they are the one who manipulates the market so expect them bagging money from time to time,and this hinders crypto from Growing up because of not balanced profiting inside. this time is very boring and volume less in all market exchanges and binance too. just because of whales are doing all this shit for their own benefit
expect more of this if people still don't learn not to ride those manipulated pumps and we must learn how to counter their strategy so we can gain even if they are the one who's fooling us.
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supercanada1
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January 26, 2020, 03:17:43 PM |
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I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.
And you believe that a rich person will not work? A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal. You are right. They are making the most out of trading nowadays because they are trying and making greater efforts than the ones like us who want to achieve more without doing anything. We are sleeping in fact it would not be wrong to say that we are lagging behind due to some of the drawbacks in terms of the skills or experience.
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Gheka
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January 26, 2020, 03:30:44 PM |
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This is also true. Those who have more money are getting richer and luckier. because they have the same opportunity with us, but then we only make a little money but they earn a hundred times more money than us. Besides, those who have money often have power and it is the main power in this market. manipulation is ongoing to kill offspring like us. So never against the trend that the whales have created. Watch it and follow the signals, that's the best way for us to be more profitable.
Indeed, too much money always creates an unfairness between us and the whales but this life always follows the same trend, we can't blame and they know their superiority and they use it to attack us, that's normal. Direct opposition to them will never be a wise choice, what we need to do is to turn their advantage into our opportunity, exactly as you say, follow them and live in their thoughts, they will go ahead and help us get a share of the profits in what they earn, resistance is only damage and the most damage is just us, they don't have too much influence
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angrynerd88
Sr. Member
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Hodlers Network
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January 27, 2020, 12:59:03 PM |
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Big whales come in the market for own purpose and it some time poistive for existing traders and some time they face huge losses. Whales inject massive amount of Bitcoin and take away also for achieve their price for buy and sell. To deal with whales traders should use option of stop loss limit to avoid losses and before putting a trade also consider the move of whales and put trade wisely to get good profit and avoid losses.
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huige007
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January 28, 2020, 12:22:20 PM |
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this time is very boring and volume less in all market exchanges and binance too. just because of whales are doing all this shit for their own benefit
This time is not boring in the market, it is very effective and precious time. If you have Bitcoins hold it to them until halving because that will give you big benefits and if you want to do daily trading, invest your money in meaningful way to avoid risk and increase benefits. If you are consider this time boring may be you do not have enough knowledge about the market trend or you are believing some rumors.
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drachman
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February 07, 2020, 01:30:16 AM |
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I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.
And you believe that a rich person will not work? A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal. That is a false belief that many people have, they think those that are rich do not need to work when that is completely false the one that is rich most likely got there by working really hard at it and spending many nights without sleep thinking about what he could do to improve himself or his business and until people have that kind of mindset then most people are never going to get to that level of wealth which is a shame.
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canamani
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February 08, 2020, 09:32:58 PM |
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As on the main rule is the more money you have make comes more money, well many whales have other business and they only invest on crypto to get more.
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Subbir
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🎄 Allah is The Best Planner 🥀
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February 09, 2020, 02:33:26 AM |
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As on the main rule is the more money you have make comes more money, well many whales have other business and they only invest on crypto to get more.
Take the bitcoin trading market to the height of further improvement When these whales are ready to understand they're in loss they show their influence within the market. Different strategies are pursuing their interests that's why we all need to trade our own research without taking note of false rumors.
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Janation
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February 09, 2020, 03:47:48 AM |
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Different strategies are pursuing their interests that's why we all need to trade our own research without taking note of false rumors.
And how will we be able to do that? The reason that a lot of investors earn and be successful is to follow other investors that are much more successful than them. I am not saying that they can't do their own research, they can it is just that it is better also to follow other investors so they can have an idea. Scam or these false rumors are inevitable but with the knowledge that they have and the other investors that can detect these kinds of ploys will be fine.
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SquallLeonhart
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February 09, 2020, 03:47:03 PM |
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The problem in that method is the fact that its very hard to find investors who are better than us. Maybe the guy I follow made 100%+ in the last weeks but he will have a horrible week this following week so it wouldn't be smart to follow him around?
I wouldn't know if he will have an amazing week or a bad one, if I get in at the worst week of his performance than I will have to keep following him and hope he will make insane amount of profit in the long run so that I can recover from what I have lost and not really make a profit. That is why doing your own research while starting out is very important, in order to find the best type of candidate to follow, you have to do your own research as well, so in the end, no matter what you want to do, you have to do your own research for everything.
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FanEagle
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February 10, 2020, 08:47:12 PM |
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In mathematics things could have the same sort of % and the changes, however in finances the difference is bigger than you could imagine. Just to give an example if you own 100 million dollars and you have to spend 1 million dollars on something, it is not always equal to you having 100 dollars and spending 1 dollars of it. Mainly because your 100 million dollars would continue to make you money while you wait, whereas your 100 dollars will be finished by the end of the day/week/month depending on where you live.
So, rich people do get richer because even when they spend money, or lose money, or invest it, they are also making it back from somewhere else, warren buffet could have a %10 negative year and would still be up in total thanks to all his income. Poor people get poor because the money we lose, will never come back and could never be recovered.
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Twentyonepaylots
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February 10, 2020, 09:10:13 PM |
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In mathematics things could have the same sort of % and the changes, however in finances the difference is bigger than you could imagine. Just to give an example if you own 100 million dollars and you have to spend 1 million dollars on something, it is not always equal to you having 100 dollars and spending 1 dollars of it. Mainly because your 100 million dollars would continue to make you money while you wait, whereas your 100 dollars will be finished by the end of the day/week/month depending on where you live.
So, rich people do get richer because even when they spend money, or lose money, or invest it, they are also making it back from somewhere else, warren buffet could have a %10 negative year and would still be up in total thanks to all his income. Poor people get poor because the money we lose, will never come back and could never be recovered.
This is what's happening in the market right now. It's like getting punished for not riding the bitcoin wave when it was just a few cents back then. And there's nothing that we can do about it really other than ensuring that we don't buy hastily or sell without second thought as it will automatically equate as our loss. The whales probably know this, but the thing is unlike with fiat, they don't have that much hold on us. In fiat the richest people could just dump out their investments and we'd all be homeless the very next day. This is probably because cryptocurrencies are still a developing technology. That's my insight regarding this issue. Kind of disheartening, but we can't really do something about it other than the one I have stated above.
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