Saving... Investing... Speculating... Gambling? (Poll)

[debra]

Investing in cryptocurrency has a very scary risk because if you enter the wrong cryptocurrency, it will cause all the money you use to disappear instantly. Meanwhile, if you invest, you will enter Bitcoin with money that you will not use in the near future and that can be returned. Hold it for the next five years, and it will provide a lot of profit.

True. If we choose the wrong coins, it will end up with severe losses. I ever invested in shitcoins, I am not really careful to choose the coins at that time. I hold the coins for few weeks and the price are increasing very high. Sadly, I decided to hold for a higher price but the price never increased again. The price dropped and never reaches its ATH again. So, before holding for few years, make sure that we choose the right coins.

[Peter90]

I hold the coins for few weeks and the price are increasing very high. Sadly, I decided to hold for a higher price but the price never increased again.

Thank you debra for reminding us that... the right timing in selling is just as important as the right timing in buying ...

[Peter90]

I am a mindless freak btw. I don't try to get into too much in the rabbit hole. Because the more you go in, the harder it becomes to get out.

so, this clip describes your trading strategy 

https://x.com/naiivememe/status/1770831564512838012?s=20

[milewilda]

Investing in cryptocurrency has a very scary risk because if you enter the wrong cryptocurrency, it will cause all the money you use to disappear instantly. Meanwhile, if you invest, you will enter Bitcoin with money that you will not use in the near future and that can be returned. Hold it for the next five years, and it will provide a lot of profit.

True. If we choose the wrong coins, it will end up with severe losses. I ever invested in shitcoins, I am not really careful to choose the coins at that time. I hold the coins for few weeks and the price are increasing very high. Sadly, I decided to hold for a higher price but the price never increased again. The price dropped and never reaches its ATH again. So, before holding for few years, make sure that we choose the right coins.

Well shit things happen and if we do lose money then we do eventually learn and the learning goes on until you would be finding yourself that being experienced ones but of course
this wont really be something that will really be that easy on which you would really be passing up tons of challenges and hardships before you would really be able to have a good grasps.
You would really be able to determine into those things that been mentioned from savings until to gambling on which its impossible t hat you couldnt be
able to point out their differences.

[bayu7adi]

True. If we choose the wrong coins, it will end up with severe losses. I ever invested in shitcoins, I am not really careful to choose the coins at that time. I hold the coins for few weeks and the price are increasing very high. Sadly, I decided to hold for a higher price but the price never increased again. The price dropped and never reaches its ATH again. So, before holding for few years, make sure that we choose the right coins.

The right coin cannot be predicted accurately...it really depends on the luck factor, because I believe that having excellent analysis does not guarantee that market manipulation will allow it to run smoothly. The point is that all coins have their own specifications and advantages, you just have to adapt them to the user.

And one more thing, if the right coin uses the wrong trading strategy, it will also get someone into big trouble. You need to learn skills too, not just analysis before making a purchase.

[Jamal Aezaz]

True. If we choose the wrong coins, it will end up with severe losses. I ever invested in shitcoins, I am not really careful to choose the coins at that time. I hold the coins for few weeks and the price are increasing very high. Sadly, I decided to hold for a higher price but the price never increased again. The price dropped and never reaches its ATH again. So, before holding for few years, make sure that we choose the right coins.

Selection of coins has huge impact on our success so if we choose any shitcoins just for money then we will not earn any amount but this fault will become a reason for our loss. Sometimes coins pumps regularly but if we invest in it then it gradually decrease and we are waiting that it will recover back and we will make money but neither that shitcoin return to its huge price nor we succeeded in making money.

If we are choosing wrong coins and hold it longer then why we are not choosing bitcoin and other top altcoins even if we have money as well patience to hold. Be aware that new coin are mostly shitcoins so be careful to select top coins that are showing success since their creation.

[pacar_tiri]

The right coin cannot be predicted accurately...it really depends on the luck factor, because I believe that having excellent analysis does not guarantee that market manipulation will allow it to run smoothly. The point is that all coins have their own specifications and advantages, you just have to adapt them to the user.

And one more thing, if the right coin uses the wrong trading strategy, it will also get someone into big trouble. You need to learn skills too, not just analysis before making a purchase.

Exactly, but when you look at the price movement when there has been a fairly high increase then you will know that the next movement will have the potential to collapse, in this way at least we can know the movement of coin prices. Cryptocurrency price movements will never know what the price will be. exactly how much and that is one of the risks that can occur, therefore as a trader you must make good use of the price movements that occur to still make a profit.

[bettercrypto]

I do everything there; of course, if we are getting profit in the crypto space and thinking about the future, we will find a way to save through DCA (dollar cost averaging), and when we do this, what we will do will come in to invest.

Now it's up to us if we do a trading activity with the cryptocurrency to be bought, and I also give my opinion on other matters in this forum, and I also gamble from time to time in crypto gambling.

[DAMKAR]

I do everything there; of course, if we are getting profit in the crypto space and thinking about the future, we will find a way to save through DCA (dollar cost averaging), and when we do this, what we will do will come in to invest.

Now it's up to us if we do a trading activity with the cryptocurrency to be bought, and I also give my opinion on other matters in this forum, and I also gamble from time to time in crypto gambling.

I am not a gambler and have no experience there. I am just a holder, who owns some potential coins like Bitcoin ethereum, BNB, Solana and DOT. Sometimes I also learn trading, because I am not a professional trader.

[EthereumDev_]

I am not a gambler and have no experience there. I am just a holder, who owns some potential coins like Bitcoin ethereum, BNB, Solana and DOT. Sometimes I also learn trading, because I am not a professional trader.

If you are not someone who likes gambling then that is good because gambling does not always give you a lot of profit, the risks in gambling places are very high, trading will be more fun than gambling. Imagine if you buy coins at a cheap price and in the next few years the price increases very high. With good and correct trading, you will have the potential to make a lot of profit.

[dekafee79]

I am not a gambler and have no experience there. I am just a holder, who owns some potential coins like Bitcoin ethereum, BNB, Solana and DOT. Sometimes I also learn trading, because I am not a professional trader.

If you are not someone who likes gambling then that is good because gambling does not always give you a lot of profit, the risks in gambling places are very high, trading will be more fun than gambling. Imagine if you buy coins at a cheap price and in the next few years the price increases very high. With good and correct trading, you will have the potential to make a lot of profit.

Trading can better enable us to analyze and predict price increases if we buy it when the price is still cheap. We buy and hold coins that we like. In my opinion, gambling only relies on luck, if we are not a gambler, it is better not to do it

[EthereumDev_]

Trading can better enable us to analyze and predict price increases if we buy it when the price is still cheap. We buy and hold coins that we like. In my opinion, gambling only relies on luck, if we are not a gambler, it is better not to do it

Exactly, indeed the most appropriate thing to buy coins is when the price falls like that. When the price has risen again like it is now then I say it's too late to buy because the price is too expensive. When we buy at the current price it will trap us at a high price.

[Power420]

Trading can better enable us to analyze and predict price increases if we buy it when the price is still cheap. We buy and hold coins that we like. In my opinion, gambling only relies on luck, if we are not a gambler, it is better not to do it

Exactly, indeed the most appropriate thing to buy coins is when the price falls like that. When the price has risen again like it is now then I say it's too late to buy because the price is too expensive. When we buy at the current price it will trap us at a high price.

Usually if you play a role in training, of course by buying in a deep market, when the market is pumping again you have to sell the coins making a profit. And you can play that role in trading, but if you hold it for the long term, maybe you can buy your coins at any price and leave them. But if the age of your holdings is long then it will definitely depend on Bitcoin. Because I don't think it's possible to hold long-term without Bitcoin alone, Bitcoin is suitable for long-term holding.

[Blaze]

Usually if you play a role in training, of course by buying in a deep market, when the market is pumping again you have to sell the coins making a profit. And you can play that role in trading, but if you hold it for the long term, maybe you can buy your coins at any price and leave them. But if the age of your holdings is long then it will definitely depend on Bitcoin. Because I don't think it's possible to hold long-term without Bitcoin alone, Bitcoin is suitable for long-term holding.

That's right, that way we can get a lot of profit. We have to keep waiting until the price of coins on the market collapses again. Are you aware that currently the market is still entering a bull run condition? Moments like that will provide quite expensive prices to buy and Of course, there will be a very high risk because we could potentially be trapped at high prices.

[taufik123]

That's right, that way we can get a lot of profit. We have to keep waiting until the price of coins on the market collapses again. Are you aware that currently the market is still entering a bull run condition? Moments like that will provide quite expensive prices to buy and Of course, there will be a very high risk because we could potentially be trapped at high prices.

If you want to get in at a fairly cheap price, wait and see how the market works so you'll know where you need to enter.

Make sure you buy at the support price so that you get a cheap price.
To determine where the support is depends on what time frame you are waiting for the price.