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Author Topic: Do you love and enjoy taking risk?  (Read 1791 times)
cheezcarls
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April 09, 2023, 03:09:53 AM
 #81

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?

"Last cash at hand"? You mean from your life savings? Seems like you're one of the guys who didn't learn about financial literacy and proper risk management.

And why do you think that altcoins are more predictable than Bitcoin?

Although Bitcoin is still dominant and the most likely choice for us to do long-term accumulation in preparation for the 2024 halving, but altcoins are still subject to volatility and are heavily influenced to BTC's movement.

Just like BTCs, altcoins are also unpredictable.

So do I love and enjoy taking risks? Kind of between, depends on the hype.


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April 09, 2023, 03:59:06 AM
 #82

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?

Without Bitcoin, there'll be no cryptocurency market, why most cryptocurency are still trading today is because Bitcoin is still active and they're trading those altcoins to get more bitcoin so they get more amount of Bitcoin for the bull market.

The altcoins you invested in are very odd, why invest in what you do not understand as you said. You're meant to do some research before buying or investing into any project. Your portfolio is filled with meme coins and shitcoins.

Excluding ethereum, I don't see any other projects having a good run when the bull market returns. Baby doge is just a scam coin that's benefiting from the hype of dogecoin. Buy quality projects like Arbitrum, Polygon etc.

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April 10, 2023, 09:01:00 PM
 #83

Taking risk is part of the market here in crypto , but the problem is that we need to keep at least longer time before taking the fruits ,actually i use to love taking risk in gambling but not in bitcoin investing in which for me is truly not right to act, because in gambling i only use spare money but in this ? we need to rely to what will bring in our future.
I think it is important to know the size of the risk as well. For example, investing into bitcoin of course has a risk, but not a huge risk, it is not going to go down 90%, even when the crash happens which is rare and happens once every 3-4 years, that is usually not as much.

However, if you buy a token that is brand new, it could go down not only 90% but it could even turn out to be a scam and 100% of your money could be gone. That is why risk size matters and I believe that we should be risking less than what people assume would happen. This is not an easy thing to calculate, sometimes the risk is too big and sometimes it is not but as long as we buy known big name coins, we should be fine, usually.

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April 11, 2023, 03:38:49 AM
 #84

I like to buy altcoins when the market is improving, or there is fomo about a coin, but unfortunately lately I often get liquid because of trading leverage, there are things that I understand from there, but I still have to raise capital again.

the risk of futures is very big even though the profit you can get be quickly than you trading, but if you have a little capital, then i would rather advise you to just trading, because the risk is smaller than futures and your money will not be 100% lost, but of course the profit you get will not be as fast as futures.
lol , who told you that there is no 100% losing in trading? if you manage to invest or buy a wrong currency then surely you will be lose completely.
there are several project that ended nothing specially those scam project.
but you are right in advising trading than future because there are more option and  consideration in this to end you getting profit.
Definitely you are in good position hence bitcoin is still making sideways and the best position is to buy while bitcoin is on stationary. By the time bitcoin will make a move then everything will be in place. As they say "High Risk, High Rewards" so you will have the fruit of your risk in the future. Just still HODL or even DCA at the moment to fill the bags more of yours.
so this is not the right time then ,because bitcoin is in increase now and seems to be breaking another high this whole week.

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April 11, 2023, 10:02:51 AM
 #85

As long as people keep on buying things that do not make sense, they are going to keep on losing money for a long time. If you buy all these shitcoins (well not eth) then you are going to end up being in a bit of a problem. I know that it's going to be a tough world to live in, but that doesn't really mean that we should be doing anything poorly just because it is hard to do a better job. Keep up the hard work and figure out what are the good ones, and if you just want to be lazy, buy bitcoin and eth and keep holding them.

It wouldn't be hard, it takes a few minutes, and you may not x10 easily, but at least you would be doing a good job in the long run and making profits. Simple and efficient with less risks involved.
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April 11, 2023, 05:05:23 PM
 #86

I like to buy altcoins when the market is improving, or there is fomo about a coin, but unfortunately lately I often get liquid because of trading leverage, there are things that I understand from there, but I still have to raise capital again.

the risk of futures is very big even though the profit you can get be quickly than you trading, but if you have a little capital, then i would rather advise you to just trading, because the risk is smaller than futures and your money will not be 100% lost, but of course the profit you get will not be as fast as futures.
lol , who told you that there is no 100% losing in trading? if you manage to invest or buy a wrong currency then surely you will be lose completely.
there are several project that ended nothing specially those scam project.
but you are right in advising trading than future because there are more option and  consideration in this to end you getting profit.
Well, there is a bit of a truth in there and also wrong. There is no "100%" loss in trading if you consider the fact that nothing is zero, even Luna today is not zero, of course your 5 million dollars could be come 10 dollars, that is as likely to be zero as it gets, but not really zero.

If we are talking about that, then yeah there isn't a zero in trading, just the fact that you could lose 99.99% of your money but not 100% of it. That is of course a bit of a trick answer to this question, because lets be honest if you lost 99.99% of your money in a trade, then you might as well lose all of it as well and be 100% out, because they are simply the same thing. So, this answer is both "technically" correct but it's just false in our minds.
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April 11, 2023, 08:30:22 PM
 #87

when the market is bearish, of course the risk will be even greater, but if indeed this year is the end of the bearish then you have to enjoy the risk,
because if you are afraid of buying altcoins at a time like this then you can regret it later when the market is bullish,
in my opinion the risk This can be minimized with the right strategy.

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April 12, 2023, 02:01:51 AM
 #88

lol , who told you that there is no 100% losing in trading? if you manage to invest or buy a wrong currency then surely you will be lose completely.
there are several project that ended nothing specially those scam project.
but you are right in advising trading than future because there are more option and  consideration in this to end you getting profit.
Well, there is a bit of a truth in there and also wrong. There is no "100%" loss in trading if you consider the fact that nothing is zero, even Luna today is not zero, of course your 5 million dollars could be come 10 dollars, that is as likely to be zero as it gets, but not really zero.

If we are talking about that, then yeah there isn't a zero in trading, just the fact that you could lose 99.99% of your money but not 100% of it. That is of course a bit of a trick answer to this question, because lets be honest if you lost 99.99% of your money in a trade, then you might as well lose all of it as well and be 100% out, because they are simply the same thing. So, this answer is both "technically" correct but it's just false in our minds.
And since those losses can be incurred then traders and investors need to think about a method to avoid them, and at least on this market this is relatively simple, people should avoid shitcoins, while I understand that even some awful coins can pump and give great profits, at the same time there is no way to tell which one of the thousands of shitcoins will pump today, and since we cannot know that then it is better to avoid them and invest in good coins, which may not give such high profits but at the same time they do not produce those huge losses either.
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April 12, 2023, 03:10:43 AM
 #89

when the market is bearish, of course the risk will be even greater, but if indeed this year is the end of the bearish then you have to enjoy the risk,
because if you are afraid of buying altcoins at a time like this then you can regret it later when the market is bullish,
in my opinion the risk This can be minimized with the right strategy.
if you know how to choose a right altcoin , and also never be greedy to seek for GEM or something like that in which will bring you to become a millionaire in shorter time.
only few of us who gather this earning but majority are losers and even end their trading career.
I love risking the money I can afford to lose like what I am doing now to all my coins , that the money I use is the funds that i cater from extra jobs and not from my family funds.

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April 12, 2023, 06:07:01 AM
 #90

I like to buy altcoins when the market is improving, or there is fomo about a coin, but unfortunately lately I often get liquid because of trading leverage, there are things that I understand from there, but I still have to raise capital again.

the risk of futures is very big even though the profit you can get be quickly than you trading, but if you have a little capital, then i would rather advise you to just trading, because the risk is smaller than futures and your money will not be 100% lost, but of course the profit you get will not be as fast as futures.
if they want to be assured and safe then best to HODL than day trading mate , because this
is risky that you can easily loss if chooses the wrong coin.

and also if you advise them to trade then best if they already has idea how this work and how to deal because the more you choose badly is the more your coins will lose.

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April 12, 2023, 06:32:30 AM
 #91

You just took a risk that will increase you in future, if you can make it to be long holding because those altcoins you bought are among the best altcoins that can increase traders higher in future. The price of Ethereum, Eluno and doggy are very low which there is a hope for the price to increase higher any moment from next month to allow traders to make some huge from their investment,  because the price of Bitcoin just increased to $29,874 which is a sign that altcoins price will increase higher too. I will advise you to invest more on Ethereum, binance and Bitcoin because they are in good position to improve their investors soon.

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April 12, 2023, 07:34:15 AM
 #92

I like to buy altcoins when the market is improving, or there is fomo about a coin, but unfortunately lately I often get liquid because of trading leverage, there are things that I understand from there, but I still have to raise capital again.

the risk of futures is very big even though the profit you can get be quickly than you trading, but if you have a little capital, then i would rather advise you to just trading, because the risk is smaller than futures and your money will not be 100% lost, but of course the profit you get will not be as fast as futures.
lol , who told you that there is no 100% losing in trading? if you manage to invest or buy a wrong currency then surely you will be lose completely.
there are several project that ended nothing specially those scam project.
but you are right in advising trading than future because there are more option and  consideration in this to end you getting profit.
Well, there is a bit of a truth in there and also wrong. There is no "100%" loss in trading if you consider the fact that nothing is zero, even Luna today is not zero, of course your 5 million dollars could be come 10 dollars, that is as likely to be zero as it gets, but not really zero.
exactly correct , but when we talk about from almost gone then for me this is already considered as zero as we cannot recover from our capital then.
Quote
If we are talking about that, then yeah there isn't a zero in trading, just the fact that you could lose 99.99% of your money but not 100% of it. That is of course a bit of a trick answer to this question, because lets be honest if you lost 99.99% of your money in a trade, then you might as well lose all of it as well and be 100% out, because they are simply the same thing. So, this answer is both "technically" correct but it's just false in our minds.
correct , and that is the trick about my answer and also yours, losing majority of your funds is for me already a zero call and that is the reality, though this is something that we may not all experience and understand unless we already on that position.

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April 12, 2023, 06:18:25 PM
 #93

I like to buy altcoins when the market is improving, or there is fomo about a coin, but unfortunately lately I often get liquid because of trading leverage, there are things that I understand from there, but I still have to raise capital again.

the risk of futures is very big even though the profit you can get be quickly than you trading, but if you have a little capital, then i would rather advise you to just trading, because the risk is smaller than futures and your money will not be 100% lost, but of course the profit you get will not be as fast as futures.
if they want to be assured and safe then best to HODL than day trading mate , because this
is risky that you can easily loss if chooses the wrong coin.

and also if you advise them to trade then best if they already has idea how this work and how to deal because the more you choose badly is the more your coins will lose.
Those who have little experience are not advised to day trade, it is really risky,
holding is indeed a realistic option and top coins being a very viable option,
for sure they have to decide for themselves what to do because everyone has their own decision.

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April 12, 2023, 07:25:05 PM
 #94

Taking risk is part of the market here in crypto , but the problem is that we need to keep at least longer time before taking the fruits ,actually i use to love taking risk in gambling but not in bitcoin investing in which for me is truly not right to act, because in gambling i only use spare money but in this ? we need to rely to what will bring in our future.
I think it is important to know the size of the risk as well. For example, investing into bitcoin of course has a risk, but not a huge risk, it is not going to go down 90%, even when the crash happens which is rare and happens once every 3-4 years, that is usually not as much.

However, if you buy a token that is brand new, it could go down not only 90% but it could even turn out to be a scam and 100% of your money could be gone. That is why risk size matters and I believe that we should be risking less than what people assume would happen. This is not an easy thing to calculate, sometimes the risk is too big and sometimes it is not but as long as we buy known big name coins, we should be fine, usually.
That type of risk/profit calculations will make you rich if you know what you are doing. Most people look at the reward and think that if it is big enough then they will invest without looking at the risk, there are few who take too little risk and in return get a very low reward. But if you buy something that has a little risk but a good reward then that would be the key to make a profit and only a few people can do that.

I personally hope that the best thing to do would be making a profit via calculating as little risk as possible first, filter the coins with risk and find the lowest ones, such as bitcoin, and then start looking at the potential profit because that would be a lot better to have less risk first.
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April 13, 2023, 05:50:04 AM
 #95

when the market is bearish, of course the risk will be even greater, but if indeed this year is the end of the bearish then you have to enjoy the risk,
because if you are afraid of buying altcoins at a time like this then you can regret it later when the market is bullish,
in my opinion the risk This can be minimized with the right strategy.
There is nothing wrong with buying altcoins, but only if you know what you are doing. Newbies that think they will become millionaires by buying and holding a single meme coin will need to stop daydreaming and start thinking practically. If one wants to take risks, they can buy these meme coins with a very small amount and try their luck, it blasts, they will get something for sure, and if it fails, they'll not regret it.

I've seen people investing all their capital in a single token and that too are meme coins that solely depend on community hype to grow and have no proper project backing them. I feel bad for them as I know most of them will lose all their money in the long run.
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April 13, 2023, 09:17:39 AM
 #96

when the market is bearish, of course the risk will be even greater, but if indeed this year is the end of the bearish then you have to enjoy the risk,
because if you are afraid of buying altcoins at a time like this then you can regret it later when the market is bullish,
in my opinion the risk This can be minimized with the right strategy.
There is nothing wrong with buying altcoins, but only if you know what you are doing. Newbies that think they will become millionaires by buying and holding a single meme coin will need to stop daydreaming and start thinking practically. If one wants to take risks, they can buy these meme coins with a very small amount and try their luck, it blasts, they will get something for sure, and if it fails, they'll not regret it.

I've seen people investing all their capital in a single token and that too are meme coins that solely depend on community hype to grow and have no proper project backing them. I feel bad for them as I know most of them will lose all their money in the long run.
I think those beginners who still have a little experience need to learn from previous events and that is very important,
a very reckless decision of course to invest all capital in meme coins which it's not clear what the future will be,
it's better to invest in something as obvious as Bitcoin.
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April 13, 2023, 07:40:04 PM
 #97

Behind each altcoin there is a certain project with a team, and also many have a certain significance, novelty. Bitcoin is the standard of cryptocurrencies, but if you think about everything correctly, you can pick up a good project at the very bottom and in the long run something will come of it.
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April 13, 2023, 10:12:08 PM
 #98

I think those beginners who still have a little experience need to learn from previous events and that is very important,
a very reckless decision of course to invest all capital in meme coins which it's not clear what the future will be,
it's better to invest in something as obvious as Bitcoin.
Bitcoin is definitely a coin for long term investment, no more research required, just buy and hold until you reach a new ATH. Beginners may just want to experiment with their money and want to get instant profits, but it will be more dangerous because they can lose it all. It would be a ridiculous decision to invest all of your funds in meme coins, it would just turn to ashes and some memecoins would just be left behind. memecoin is only used as a tool for manipulation, don't make it a long-term investment.
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April 13, 2023, 11:32:15 PM
 #99

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without Bitcoin?
That line of thinking may lead you to frustration in the long run, altcoin can't be trusted and at that, you shouldn't anticipate any coin to favour you.

What you need to survive in altcoin is the knowledge of the fact that altcoins are just gambles and that you should only gamble with the money you can afford to lose forever because an altcoin is not like Bitcoin there is the hope of recovery so at that altcoin investment are a pour gambling and the risk must be taken with that understanding.
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April 15, 2023, 11:06:12 PM
 #100

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?


There is no doubt that Bitcoin is the king of all cryptocurrencies.And if the price of bitcoin goes down, the price of all altcoins goes down very quickly.And if the price of Bitcoin goes up, all the altcoin prices start to go up as well. From which it is not difficult to guess that the stability of Bitcoin is very important for all cryptocurrencies. Bitcoin's stagnation also creates a pump for many alt-coins.But there are also altcoins that get pumped even when the price of Bitcoin drops. You can take the example of AI coins  where Maximum AI tokens have seen a 3x to 4x increase in value.Also if there is good news of any project,or any development in any project,So even without the support of Bitcoin, that token could see its value increase.Because we've seen a lot of altcoins within this bear market that have given huge returns in a short period of time.So it won't be wrong to say that even without Bitcoin a good project can give good profit to people and maintain its position in the market.

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