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Author Topic: Investing and trading in crypto: can make you or mar you.  (Read 1052 times)
Alpha Marine
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May 19, 2023, 08:47:27 PM
 #61

However, the only reason I see why people say negative things about bitcoin or crypto because they don’t know it well in the first place. And they’re afraid when other people succeeded on that while they are left empty living. That’s why if you fall believing in them, it’s like you proved to them that they are right and crypto is nothing but a ridiculous investment.

It's because they have been given the wrong idea about Bitcoin. They've been led to believe they must become rich from investing in it. This is mostly done by scam trades that just want people to give them money to invest. Most of these people where told of crypto as an investment platform. Most of them just put their money into without knowing what it really means, some just give money to the people that convince them to help them trade.
Then there are the ones that are obsessed with shit coins. They do not mind going into any project that is making waves. 


R


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May 19, 2023, 09:41:43 PM
 #62

Come to think of it, when one is really trading and making enough profit, can they have time to come online and begin to make video tutorials? I am not saying it doesn't totally exist, but it's absolutely minimal. But just use the search word "how to trade" on YouTube, and you will see a lot of random videos.

Or one more question, if he really can make money on trading and he is good at it, then why should he do it at all, if he can earn as much money as he wants, and the rest of the time he can lives in pleasure and relax? The answer seems obvious to me, these traders can't make money trading, and maybe even lose more than they earn, and their lessons are just a way to earn something.
The more you think about it the less it makes sense, after all why a trader which is making use of a strategy that took him months or even years to develop is going to share that information for free?

Now some may argue they want to give something back to the community or another dumb excuse like that, and maybe this excuse could be acceptable if we were talking about any other profession, but traders by definition have to be greedy and accept the fact the extra money they get on their accounts comes from the pockets of other traders, and in that case do I really believe someone with that kind personality is willing to share everything they know for no financial gain? I simply do not buy it.

Methods or ways are something that could be freely share if you wanted to as a trader because we know that there's no such thing about holy grail or some sort of strategy that brings out sure profits.
You might be profitable as of this moment but doesnt mean that it would be lasting forever. This is why some wont really be bothering on sharing up ideas but there are some who dont really have the time in doing so
and just remain silent or doesnt really share up at all but its not really that bad to look up with others analysis on which it would really be adding up into your overall idea and knowledge which
would really be that something that helpful on upcoming months or years to come on your trading career.

Just dont make yourself been thinking or rushing on becoming rich because if you do have this kind of mindset then it would really be just making you desperate or would really be lost
track considering that you would be rushing things up a bit because you want for it to happen and we know that it isnt something that recommendable to do so.

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May 19, 2023, 09:51:48 PM
 #63

It's because they have been given the wrong idea about Bitcoin. They've been led to believe they must become rich from investing in it. This is mostly done by scam trades that just want people to give them money to invest. Most of these people where told of crypto as an investment platform. Most of them just put their money into without knowing what it really means, some just give money to the people that convince them to help them trade.
That's the reality that they want to believe in, to become rich in bitcoin. That should have been thought by them knowing that there have been a lot of people became rich by just investing in Bitcoin.

Then there are the ones that are obsessed with shit coins. They do not mind going into any project that is making waves. 
That won't change, there will always be those people that shall be obsessed to shitcoins and meme coins because they've been like one time big time with it.



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May 19, 2023, 09:57:27 PM
 #64

I saw this as a memes on a social media platform which created much laughter amongst many person's with funny comments that followed. But let's view it the other round in real sense.

To be honest, this really happens. This meme may really happen to many people. But the problem is not on the cryptocurrency, but on the peiple itself, because they may nkt really understand abiut cryptocurrency but they are investing too much without good mamagement and knowledge, and they lost highly.

But if we are ready enoguh and have good at it, it can be vice versa. Many people arw alaos rising up because kf cryptocurrency, like from zero to better numbers, tbough not to hero, but the life is muxh  etter because of cryptocurrency. And I am experienicng itself.

So, juat choose what you want to experience.

R


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May 20, 2023, 02:24:36 AM
 #65

I saw this as a memes on a social media platform which created much laughter amongst many person's with funny comments that followed. But let's view it the other round in real sense.

To be honest, this really happens. This meme may really happen to many people. But the problem is not on the cryptocurrency, but on the peiple itself, because they may nkt really understand abiut cryptocurrency but they are investing too much without good mamagement and knowledge, and they lost highly.

But if we are ready enoguh and have good at it, it can be vice versa. Many people arw alaos rising up because kf cryptocurrency, like from zero to better numbers, tbough not to hero, but the life is muxh  etter because of cryptocurrency. And I am experienicng itself.

So, juat choose what you want to experience.
true, many people join the crypto world because their ambitions are too big, and their excessive belief will get rich easily, until finally without thinking about investing without knowledge. what happens next is exactly the same as the meme above. but in fact there are also many people who suddenly become rich because of luck, and because they are indeed smart investors. so it's no wonder that many people say that the market is cruel, because if it moves wildly, then we will get stories of people who have the opposite results.

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May 20, 2023, 05:55:58 AM
 #66

Memes may be done through funny ways but they’re actually telling the realities not just in crypto but in all life’s aspects, and it’s up to you how you will absorb their meanings and apply it in yourself. However, the only reason I see why people say negative things about bitcoin or crypto because they don’t know it well in the first place. And they’re afraid when other people succeeded on that while they are left empty living. That’s why if you fall believing in them, it’s like you proved to them that they are right and crypto is nothing but a ridiculous investment.
Memes can't get big growth on their own, it needs people with money for manipulation, as happened with Musk, or the recent story with Pepe. But I see no reason to buy meme coins with the hope that someday one of them will be able to grow in the same way.

Those who miss good investments, or cannot get a positive result from investments in any way, will always be dissatisfied, and not everyone is able to admit their mistakes, to admit that the problem is in them, and not in cryptocurrency. In trading, this all comes even more difficult, because it doesn't take long to understand whether you are a successful trader or not, everything will be clear relatively quickly.
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May 20, 2023, 07:15:05 AM
 #67

Before you get to invest in crypto or bitcoin endeavor to know about the basics so you don't end up taking wrong investment decisions about it, so you don't send the wrong message or signal to people out there that are yet to know and partake in the industry.  Just like one of the photos I put up a alleging how "crypto is a biggest lie", and bitcoin isn't excluded in this statement either.

Funny memes, had a good laugh even though I don't find them really accurate. The main recommendation I can give any new person that would like to start with crypto currencies is to focus on well established coins like Bitcoins or Ethereum. The chance of losing money in high risk alt coins is much higher than when buying the top crypto currencies out there. When buying Bitcoin there is no real risk of losing our money long term, because we can always sit out a short term price drop and wait for the price to recover. If you don't invest your money you will lose all it's value over time to inflation, we can't leave our money as cash in our bank account forever. Investing in crypto currencies is a great alternative to all the traditional asset classes. Which doesn’t mean that we should put all our money into cryptos. The best thing we can do is owning a well diversified portfolio that holds a lot of different positions, so whenever there is a crisis we will have some assets that perform poorly and others that perform strongly. As with any other financial asset, it is best to prepare ourseves that we won’t be getting rich overnight, it involves a lot of work and dedication.
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May 20, 2023, 07:28:33 AM
 #68

It makes me laugh just based on the photo and not reading comments. If we just make fun of it, it is really funny, but if we do go deep, there are really instances where that is true, but the way the people comment is kind of mean; it is like they are on the tip of the iceberg. It is like they thought bitcoin or crypto was about ponzi schemes and scams, and they always conclude that it is a scam as they can't make a profit on it. That is really the problem with some people; they judge the book by its cover without reading the content.
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May 24, 2023, 04:34:11 AM
 #69

It makes me laugh just based on the photo and not reading comments. If we just make fun of it, it is really funny, but if we do go deep, there are really instances where that is true, but the way the people comment is kind of mean; it is like they are on the tip of the iceberg. It is like they thought bitcoin or crypto was about ponzi schemes and scams, and they always conclude that it is a scam as they can't make a profit on it. That is really the problem with some people; they judge the book by its cover without reading the content.
This is no different than what happened with the dot com bubble, once the bubble burst many people thought the internet will never go anywhere and all of those companies will collapse.

And while a great deal of those companies did in fact collapse, the ones which survived are now not only good companies which gave some good profits, those are now the companies that are changing the world and they are holding a huge amount of power, so let those people think of bitcoin as a scam, they will realize their mistake in a few decades but by then it will be too late to do anything about it.

.
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May 24, 2023, 11:09:24 AM
 #70

~snip~
Before you get to invest in crypto or bitcoin endeavor to know about the basics so you don't end up taking wrong investment decisions about it, so you don't send the wrong message or signal to people out there that are yet to know and partake in the industry.  Just like one of the photos I put up a alleging how "crypto is a biggest lie", and bitcoin isn't excluded in this statement either.


Those people who spread FUD on the internet are someone who really loses lots of money because they have a weak mindset or someone who just want to buy at a cheap price so they spread FUD to make the crypto price goes down. Its sad for those people who are always bad talking about crypto on the internet but in reality they keep accumulating crypto


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May 24, 2023, 11:29:27 AM
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The false belief of newbies in crypto investing is that they will make a lot of money instantly in a short period of time. It is true that it is possible in crypto because of its high volatility compared to fiat but this does not always happen all the time. So instead of waiting for crypto to rise, they sold it at a very low price because they couldn't wait. A lot of crypto investors are losing because of this mindset. They should have known that they would not lose money if they did not sell it at a lower price, but they sold it. We don't have to be like them, sometimes if we feel impatience, just do your best not to sell it because Bitcoin price will go up higher in the price we want.

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taufik123
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May 24, 2023, 02:16:13 PM
 #72

The false belief of newbies in crypto investing is that they will make a lot of money instantly in a short period of time. It is true that it is possible in crypto because of its high volatility compared to fiat but this does not always happen all the time. So instead of waiting for crypto to rise, they sold it at a very low price because they couldn't wait. A lot of crypto investors are losing because of this mindset. They should have known that they would not lose money if they did not sell it at a lower price, but they sold it. We don't have to be like them, sometimes if we feel impatience, just do your best not to sell it because Bitcoin price will go up higher in the price we want.
My first thought when I started trading in crypto for the first time, was to get a lot of profit instantly because trading looks simple.
Whereas trading is not as easy as imagined, trading is very complex and there are several risks that may occur.

And also because of impatience waiting for crypto prices to rise, those beginners or traders who do not have any knowledge, are more likely to cut losses.
Trading is not only technical analysis and fundamentals, but also related to one's psychology.

Doing money management for investment or trading will be very important.
So that when the price continues to fall we still have money reserves to buy back.
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May 24, 2023, 07:25:18 PM
 #73

Doing money management for investment or trading will be very important.
So that when the price continues to fall we still have money reserves to buy back.
Even though they are advised to always follow their risk management in order to be successful, newbie traders are more prone to trade without effective risk management. However, because to ego and the belief that his system will work without risk management, they typically liquidated their port in just a few trades.
Consider this: when you win a trade, you are happy; when you lose a trade, you are upset, and this affects how much margin you put in a trade without risk management.

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milewilda
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May 24, 2023, 08:33:11 PM
 #74

The false belief of newbies in crypto investing is that they will make a lot of money instantly in a short period of time. It is true that it is possible in crypto because of its high volatility compared to fiat but this does not always happen all the time. So instead of waiting for crypto to rise, they sold it at a very low price because they couldn't wait. A lot of crypto investors are losing because of this mindset. They should have known that they would not lose money if they did not sell it at a lower price, but they sold it. We don't have to be like them, sometimes if we feel impatience, just do your best not to sell it because Bitcoin price will go up higher in the price we want.
My first thought when I started trading in crypto for the first time, was to get a lot of profit instantly because trading looks simple.
Whereas trading is not as easy as imagined, trading is very complex and there are several risks that may occur.

And also because of impatience waiting for crypto prices to rise, those beginners or traders who do not have any knowledge, are more likely to cut losses.
Trading is not only technical analysis and fundamentals, but also related to one's psychology.

Doing money management for investment or trading will be very important.
So that when the price continues to fall we still have money reserves to buy back.
Psychology and emotion handling!

This is where i do see one of the major factors on which you should really be needing to mold and enhance up because those strategies or ways or methods would be useless if your mind and emotion isnt really prepared
on what you are currently doing. Its true that once we do step our foot into this market then you would really be having that kind of impression that making profits would be simple but on the time that you would really be doing the trades then this is you would really be telling to yourself that your been fucked up. Along the way on the time that you are gradually acquiring some knowledge and experience, you would eventually
be able to realize things along the way and it would really be just that part of our instinct that we would really be making out some adjustments which it would really be a common approach.
Making yourself that progressive would be entirely depending on what you do.

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May 24, 2023, 10:39:46 PM
 #75

-snip-
Consider this: when you win a trade, you are happy; when you lose a trade, you are upset, and this affects how much margin you put in a trade without risk management.
Without risk management, there are no limits to trading. It becomes a free trade and risks losing most of the invested assets.
Especially if the beginners have started to panic and the loss will deepen.

Psychology and emotion handling!

This is where i do see one of the major factors on which you should really be needing to mold and enhance up because those strategies or ways or methods would be useless if your mind and emotion isnt really prepared
on what you are currently doing.
-snip-
All factors that affect trading cannot be ignored, each factor will affect the final result.
Psychology and Emotions have an impact on the trading that is being done or will be done.

Without that control, neither beginners nor professionals will execute good trades.
Psychology and emotions and trading strategies really have to be ready and in sync, you can't ignore one of them.
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May 30, 2023, 05:59:00 AM
 #76

The false belief of newbies in crypto investing is that they will make a lot of money instantly in a short period of time. It is true that it is possible in crypto because of its high volatility compared to fiat but this does not always happen all the time. So instead of waiting for crypto to rise, they sold it at a very low price because they couldn't wait. A lot of crypto investors are losing because of this mindset. They should have known that they would not lose money if they did not sell it at a lower price, but they sold it. We don't have to be like them, sometimes if we feel impatience, just do your best not to sell it because Bitcoin price will go up higher in the price we want.
My first thought when I started trading in crypto for the first time, was to get a lot of profit instantly because trading looks simple.
Whereas trading is not as easy as imagined, trading is very complex and there are several risks that may occur.

And also because of impatience waiting for crypto prices to rise, those beginners or traders who do not have any knowledge, are more likely to cut losses.
Trading is not only technical analysis and fundamentals, but also related to one's psychology.

Doing money management for investment or trading will be very important.
So that when the price continues to fall we still have money reserves to buy back.
I think the majority of traders out there are guilty of thinking trading is easy at the early stages of their journey, but once you begin to learn more about the market, that is when you realize how mistaken you were, if we were lucky then our losses will be on the small side and we will still have enough money to trade with more caution.

But there are many traders out there which invested in a bunch of awful coins very early and they never had the opportunity to correct the mistakes they made back then.

.
.DuelbitsSPORTS.
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May 30, 2023, 06:53:41 AM
 #77

Cryptocurrency prices are volatile and can rise or fall within a short period of time.
Volatility can be hugely profitable, but it also comes with risks.
Investors should have a clear understanding of their own risk tolerance and conduct adequate research and analysis.
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May 30, 2023, 09:42:36 AM
 #78

Investing and trading in cryptocurrencies can be a high-risk, high-reward venture. The potential for significant gains is undoubtedly present, as some individuals have experienced tremendous wealth through successful crypto investments. However, the market's volatility and unpredictability can also lead to substantial losses. It requires careful research, risk management, and a deep understanding of the crypto landscape to navigate the market successfully. While the potential for financial success exists, it's crucial to approach crypto investments with caution and be prepared for the possibility of adverse outcomes.

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May 30, 2023, 10:39:26 AM
 #79

The false belief of newbies in crypto investing is that they will make a lot of money instantly in a short period of time. It is true that it is possible in crypto because of its high volatility compared to fiat but this does not always happen all the time. So instead of waiting for crypto to rise, they sold it at a very low price because they couldn't wait. A lot of crypto investors are losing because of this mindset. They should have known that they would not lose money if they did not sell it at a lower price, but they sold it. We don't have to be like them, sometimes if we feel impatience, just do your best not to sell it because Bitcoin price will go up higher in the price we want.

All newbies make that mistake, including us, when we were still newbies. And I think this is normal because no one can be good at first. What they need is experience and time, but unfortunately, many people can't stand it and leave the market immediately after losing. But there are still many people who are persistent and not resigned to failure, and they start to learn things, and over time, they will mature like us. The market is a battlefield, there is always a rule of elimination, and the reward is only for those who deserve it.

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Mpamaegbu
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May 30, 2023, 11:51:05 AM
 #80



Your graph tells the whole story of the rise and fall in the Bitcoin cycle. The movements as shown on contours is explicit enough for all. However, it's a problem knowing the exact entry and exit points. It's easier to point them out only on hindsight. If not, no one would ever record losses of any form.

I think this isn't exclusive in crypto...
Yes, it's not exclusive to cryptos. That cuts across all trade types of business and anyone going into online trading should hold that close to their chest. There are moments of loss and of profit too. BTW, we should know that fundamentals/news are driving forces for price movements.

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