Quote from: bayu7adi on Today at 04:54:41 PM

I have done staking and mining and it is enough to help my finances grow little by little. However, currently, the staking and mining method for $IDNA coins is no longer very effective, so I abandoned it.

I haven't followed what happened with IDNA for a long time. At some point, it seemed to me that the farmers had completely taken over the network, so they controlled everything from staking earnings to rejecting flips.
For some reason, validation is only on Saturdays and it was tiring for me to wait for it on weekends.

A solid idea, but it seems that it has ended its life.

Thanks buddy. It's a weird though. maybe they couldn't keep up

Quote from: Litzki1990 on April 26, 2024, 05:11:30 AM

People who have enough money can usually do all kinds of thinking with their money, and all kinds of thinking can be successful. Basically those who don't have enough money can't carry out all the activities they want. Like I have a small amount of money with this small amount of money I can not only do trading or I can only invest with this money but those who have enough money can plan both investment and trading at the same time. I have enough knowledge about trading so I traded with a small amount of money while the other traded with a lot of money so when both of them earn profit then the person who used more capital out of the two will get more profit. It is natural that the rich will stay rich but the middle class members can change their financial situation if they can manage themselves with proper planning.

It's true, on average those who have money can do whatever they want, because money will make you happy. When we don't have money our life will become very difficult. People like us must maintain control over the finances we use in order to always make a profit and avoid losses.

Money is the source of all happiness in human life. However, people can do anything to earn money and no one hesitates to take big risks for it. ETH is a good coin and I am interested in investing in it, on the other hand, Binance is a centralized exchange platform, so no matter how trusted the exchange platform is, staking here means locking your money with Binance. Although we keep money in bank as FD which is kept with others but in this case central bank is monitoring.  But crypto exchanges cannot be trusted like that.  So I am not interested in staking on Binance

I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.

What do you think is there a day trader who can make a good profit daily?

It is not as easy to profit from cryptos by investing long term as it is to profit by day trading. Because all the coins in the crypto market are volatile every day, you cannot buy and sell any coin and make a profit every day. You need to learn market analysis to make profit by trading every day. and should have a long experience on trading. In all cases experience has a different benefit. no matter how good your skills are, if you don't have experience, you can't do well in day trading.  Day trading needs to be done very carefully.

Demo trading for newbies. I know that a lot of people do not look at that as something good, but that is exactly what you should be looking at. I personally believe that the best thing to do in this case would be to learn how to trade from a demo account. If you could do that, you could get better with time, it's going to be something special for you. I believe that the best way to go further would be just to arrange a system that works at demo trading before you start to go towards better results. In the end, if you could get what you want at a demo, then there is a possibility you could do it in real life, but if you fail at the demo then you will definitely fail in real life.

New traders can learn the basics through demo trading but I don't believe that those who are already involved in trading will be able to improve their performance by using a demo account.  Because demo account has fake money where there is no risk.  If someone practice trading using demo account then they will lose huge amount in real trading world. Because they will not hesitate to use large amount of money in demo even during real trading. Because then the small amount will not be comfortable for him

When we are talking about making an investment and holding, we have to be more specific on it and have the leniency of waiting for the market to surge before we could sell, we also have to set a target on when to invest, because if all these are happening, we will have to maintain the stand of not selling when the market dip, instead we are going to continue holding till it becomes favourable for us to sell and be profitable about the investment made.

It is a common habit of ours to panic after investing.  We don't panic after investing in any business or investing in land, gold, silver etc. Despite the fact that the level of inflation is very high, we do not panic by keeping money in the bank, but after investing in Bitcoin, we want to get rich faster, despite getting high quality profits from it. And get panicked, it's a big problem for us because of that we are not able to hold long term. but we should hold our money on bitcoin for long term to get a better return