Quote from: Litzki1990 on May 09, 2024, 08:29:48 PM

If an investor is new and if he is new to investing in Bitcoin, he checks his wallet several times a day, but a professional investor who has been investing in Bitcoin for a long time does not feel the need to check his wallet that much. For those who invest for the long term, the less time they can monitor the market or monitor their own investments, the better because the more times an investor looks at their wallet during the day, the more likely they are to sell their investments. But instead of thinking as I do, many people may think their own way and check their wallets as they wish.

You're absolutely right.
I believe one the reason for considering Bitcoin investment for its long-term potential is to get ride of emotional outburst due to temporary market fluctuations. So those who really do consider Bitcoin's long-term trajectory would care less about checking Bitcoin's short-term performance, and even if they decide to check, it wouldn't because of their investment but for other reasons.
Whoever checks his investment more often is either a short-term trader/investor, or someone who's relatively new to the market and hasn't gained any experience yet.

I don't check my wallet instead what I does is to check CMC to track down the price of cryptocurrency because opening wallet or monitoring the app where I store my assets looks so risky and you wouldn't know when you could get trap by people outside. I mean due how cryptocurrency is no longer friendly in our country i do avoid regular visiting my wallet.

Quote from: DAMKAR on May 10, 2024, 06:02:15 PM

Agree with you, becoming a professional requires sacrificing time and capital. because with that we will gain experience. It's not easy to become a professional, even those who have been in crypto for more than 8 years, many have not yet become a professional, including me.

Learning, knowledge, experience and sacrifices can make you professional traders but for becoming professional traders you must have enough time, money and knowledge and without any of these you will always remain as a newbie in trading.

Actually becoming an expert requires time because new things and new coins are arising and even experts don't know which coin will be suitable for trading so they sometimes lose their money.

 But the main difference between professional and newbies is that professional traders take their loss as a lesson while newbies try to recover the money without knowing the reason behind their loss and without decreasing his repeating mistakes.

For newbies I think is impatient for them to thoroughly understand the basis of trading before jumping into funding their account and just choose whatever coin they think could give them what they want without them making more adequate proper research. And of course professional always understood that their lost is a great lesson and would quickly adjust to finds out their mistakes and then correct it.

Quote from: SmartGold01 on May 10, 2024, 10:30:05 PM

Quote from: bounceback on May 10, 2024, 10:08:33 PM

Quote from: SmartGold01 on May 10, 2024, 09:43:22 PM

Cryptocurrency is also another cool way to make money but it depends on the kind of asset someone is investing because for short periods it could be hard to make wealth with bitcoin, but with altcoin in short period is sure and that is why people think cryptocurrency makes people wealthy. And of a true they can make money as well as lose money so quickly if they don't apply cautionness towards their investment to know when to pulled out or when to still keep holding their assets, and apart from bitcoin I can't really encourage people who doesn't have enough knowledge to venture into altcoin investment.

Right, cryptocurrency seems more easily way for investor or trader to earn much money than other kinds of investing such as stock or property investment kinds.
Bitcoin and altcoin worth to trade as short term or long term behind faster moving up or down make the trader in short term or taking profit more faster than investing their money in other way of investment. But getting risk how easily and faster earn money trough cryptocurrency trading has another side with quickly getting loss in trading behind wrong prediction when investing.

You know what understand is that before anyone jumping into trading bitcoin or altcoin at large they would have to accept the risk associated with it, and that is, the market can drop so severely in way that we can predict or imagine. We must also know that your lose is another person's profit while your profits is another person lose the ability for an investor to be able to make quick gain or profits depends on their informative natures and smartness.

Exactly, no one can provide a guarantee of always making a profit, sometimes the analysis we get in some telegram groups or others does not provide precise accuracy, therefore we must continue to monitor or be alert to market conditions. If it's a little safer then you can focus on buying bitcoin and you can hold it for the long term because in the history of bitcoin the price will always rise from year to year.

Anyone who knows about the real value and purpose of bitcoin can never get worried over their investment in bitcoin, as far as I know bitcoin is one of the most valuable digital currency and people who has been on bitcoin investment for long run would never undermine how the market may seems to be extremely volatile or not, there target would be on their duration and time they think of holding. They don't get panicked over any little market fluctuations or dip, if you could recall vividly what happened during the era of Terra then you would understand that whatever happened to market can only affects the market for only one year or three years after which the market will be corrected again so as investor who experience those incident if patients is with such person he may likely be on 2x to 4x now if not of 10x of their investment without taking profits when the market started recovering.

Quote from: akeemqaz on May 10, 2024, 02:35:43 AM

A very good investment. There are a lot of tokens currently being deployed on the Solana network. These days, the number of meme coins on the network is more than on Ethereum. I've also decided to buy into the idea of pairing the ones trading on Bitget with SOL on the exchange's smart portfolio to always get more SOL from these meme coin pumps

No, I noticed this too
practically all the new trendy tokens are on the solana network, I also saw a TokHit (HITT) project change name to ze23 and move to the SOLANA network from the MATIC network
so there is certainly the reason for the hype at the moment

if I'm not mistaken they are also launching a solana powered smartphone

What I think most of the project does is that they always looks out for the hype especially the selling network and they move and rebrand themselves to those network without any compromise and contradiction, hence deploying to that network could the best option for them especially with memecoin and NFTs on the run.
So far, solana has been the most chosen and preferably network after polygon although most time there are lots of projects that are going that network as well, polygon mostly being for NFTs.

Quote from: SmartGold01 on May 10, 2024, 08:03:49 PM

@Agbe op seems not to know that Nigeria has a major key role to play in cryptocurrency market today, with this market pressure from Government how did he think that people would still trading on those exchange that doesn't support p2p anymore. Sincerely Nigeria if I am not mistaken are the 3 to 4 country that is mostly influencing the market today and most of those exchange their target is Nigerians, for example like Binance, its number one Nigerian rated exchange.

If it were simply a few exchanges like Binance, OKX, and some of the big ones that offer p2p marketplaces for Nigerians, I would have agreed more with you, but we're talking about a massive decline in traffic on all major crypto exchanges. I believe the situation with Binance is not a good one because they are the top cryptocurrency exchange and if they do not move in the right path, other small exchanges will suffer as well.

 Second, we're approaching another bull run, and customers are moving their coins from exchanges to self-custody wallets.

you think this another factor that could propelled this massive decline?
Well, I can't say for sure the cause of it but I want understand so far is that there is a debate in US concerning coinbass which could be another factor. Although I don't know how legitimate this information could be but I red it the other forum, in total I can say that the market is not just favorable for now because there are lots of issues on ground.

Quote from: SmartGold01 on May 04, 2024, 07:54:36 PM

Every single cryptocurrency investor should be able to have this at the back of their mind because when think is possible then they are getting twisted because it doesn't work that way they think.
Even though we are too optimistic about some possible possibilities on bitcoin but not when we think it would function like ponzi scheme where people need to put some certain money and expect it the other way round.

People are trading and investing due to believe that it can make them wealthy very soon and the reason behind the large investment of the people in Bitcoin and other coins in the current year is to earn quickly during halving.

So now if halving is not moving Bitcoin to higher worth then they are in doubt that the price will go higher again or not and this doubt will not be present in their mind if they have gained knowledge prior to investment. Crypto is considered as a mechanism that can give them money very quickly but it's not true and only experts can understand this thing.

Cryptocurrency is also another cool way to make money but it depends on the kind of asset someone is investing because for short periods it could be hard to make wealth with bitcoin, but with altcoin in short period is sure and that is why people think cryptocurrency makes people wealthy. And of a true they can make money as well as lose money so quickly if they don't apply cautionness towards their investment to know when to pulled out or when to still keep holding their assets, and apart from bitcoin I can't really encourage people who doesn't have enough knowledge to venture into altcoin investment.

@Agbe op seems not to know that Nigeria has a major key role to play in cryptocurrency market today, with this market pressure from Government how did he think that people would still trading on those exchange that doesn't support p2p anymore. Sincerely Nigeria if I am not mistaken are the 3 to 4 country that is mostly influencing the market today and most of those exchange their target is Nigerians, for example like Binance, its number one Nigerian rated exchange.