Another great green day, which should be proof that we are doing quite alright. I understand the scared ones but the reality doesn't care about your emotions, it does try to do well enough with whatever we have, but that doesn't mean that just because you want to feel one way, the market will move that way. I believe that we are going to end up with something that will take a while for people to realize that. Surely we are going to go higher as well, no matter how much people are afraid, that doesn't mean that we are going to endure anything bigger, life is simple and just holding your bitcoins is the way to go.

come on... give me a no
I accept bets

What is a Gold-Backed Cryptocurrency?

A gold-backed cryptocurrency is a type of digital currency where a specific amount of physical gold backs each unit. Unlike traditional cryptocurrencies such as Bitcoin, which derive their value from factors like supply and demand dynamics and speculative trading, gold-backed cryptocurrencies aim to provide stability by tying their value directly to the price of gold.

Typically, each cryptocurrency unit represents ownership or claim to a corresponding amount of gold held in reserve. This reserve is often stored in secure vaults and audited regularly to ensure transparency and trustworthiness. The value of the cryptocurrency is linked to the market price of gold, providing holders with a more stable and reliable store of value compared to other cryptocurrencies.

Gold-backed cryptocurrencies combine the benefits of blockchain technology, such as fast and secure transactions, with gold’s intrinsic value and stability, making them attractive to investors seeking a hedge against currency devaluation or economic uncertainty. They can be used for various purposes, including digital payments and remittances, and as a diversification tool in investment portfolios.




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Quote from: taufik123 on May 19, 2024, 11:35:35 PM

The day trading method is indeed faster and forces us to know how to analyze and understand market conditions, know when to enter and exit to make a profit.

Daily trading forces us to risk our assets every day, so for those who cannot analyze well, daily trading should start with trial money only, because I see many beginners fail to make a profit, forcing them to leave the crypto space early before explore many other things.

However, for those who are already skilled at trading, it is usually easier for them to make a profit, so sometimes we see them able to survive using the money they earn from trading.

Yup day trading Force our assets every day it is true and there is high risk here.Because of this, many avoid day trading and are more interested in long term investments. But if one has long trading experience then they can make good profit from day trading. there are many traders who are successful in day trading but not all are successful and not all fail. with luck and experience, many people are successful in day trading...

Quote from: Mr. Magkaisa on May 19, 2024, 02:41:33 PM

       -   Well, I do both of them because I can't and because my income will be reduced if I only do one. Then they must be taken seriously, or else we can't make money from them in the end. And I also think that there are no individual traders who do not do that at the same time.

After all, it can even give us a profit if we are knowledgeable and deep in crypto trading. While holding, we can do what they call day trading activity.
And majority of the traders for them these two are proven and tested already in terms of getting profit.

There is not an issue if people are doing both or any of them because it is a personal matter and depends on your interest and rate of success. Some people are afraid of doing one while others are getting huge profit from both so it is totally related to the interest of an individual.

Some people are experts in holding so they are getting huge profit from investment while others are experts in day trading and are earning more than a person who holds top coins for a longer time therefore do in which you have full command to overcome the risk.

Yes both holding and trading depends on one's personal factors and risk management and patience. so if one has sufficient amount of funds to invest for long term he should do holdings.  And if one can take risk and have enough funds to trade then he can trade. I do both holding and trading as per my convenience. Day trading is risky but profit can be made using different strategies but it requires long experience.