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Messages - Legion

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1
Cryptocurrency discussions / Re: Earning from Crypto Platforms.
« on: April 19, 2025, 05:33:44 AM »

There are many earning way remain still in cryptocurrency market. We can earn easily invest and trading system. When we want to invest in cryptocurrency market, we should understand in cryptocurrency market. Because cryptocurrency market always depending on up and down, so if we invest in down market, i think that it must be benefits for us. Another if we thought, we know that trading is also one of the risky space in cryptocurrency market. So for best trading, we should acquire knowledge for cryptocurrency trading. Because when we understand it, then we must be profitable from here.
In trading, there are many things that we must learn first, such as making analysis, reading market trends and their characteristics and also having the right strategy so that the profits we get can be maximized.
And all of that requires a long process and focus in learning and practicing trading.
Many have been traders for a long time, but have not become professional traders, including me :)
Indeed, the path to becoming a genuine trader takes time, energy, and some essential patience. Every measure taken in the analytical acquisition of information about the market is priceless, as it constitutes the foundation on which future decisions will be made. There is not easy learning curve any trader, whether a beginner or a veteran trader, will not encounter. The desired goals may not be easily achieved but with continuous attempt and self-assessing every process, a better technique is then developed and learned from early failures. There are not quick solutions in trading and the steps that you are taking are already a part of your evolution.

2
Cryptocurrency discussions / Re: when should you stop?
« on: April 19, 2025, 03:22:59 AM »
The issue on here is on that people wont be stopping just because they dont like for them to miss out any opportunity for them to trade and thats why they would be continuing it despite of the current condition or situation that they are into. Learning isnt that something being forced or or something that needed up to  do it eventually considering that there are some signs that the market is not good. Stopping or having a break will be that recommended as you do able to know yoourself on how to handle up various conditions on which this do give out that approach on not to push up  any trading decisions. It is just that stopping will be taking up such good control towards your mentality since not all will be that goo at this one.
You rightly said that sometimes the market gives negative signals and even though it is a feeling to remain invested is good, sometimes one has to step out. It is in this aspect when we continue trading with no time to rest that we end up over powering our emotions on our decisions. Therefore, you should be able to step back from a situation and be able to make better decisions since you are not clouded by emotion. There are times in life, that if one just have to take a back seat and watch or pause and observe, in terms of career, the future appears to be bright.

3
Bitcoin Forum / Re: Mine Bitcoin or Just hold it?
« on: April 19, 2025, 02:49:52 AM »
Some people invest in bitcoin by mining while others simply buy and hold. Which method do you think is more profitable in the long run?
Not everyone can mine Bitcoin and not everyone mines Bitcoin. Not everyone can mine because there many factors that restricting people to mine Bitcoin and the number is the geographical location of the miner and the cost of the mining machines and electricity. Many people are interested to mine Bitcoin but those factors have restricted many from me mining Bitcoin while not everyone mines bitcoin in the sense that not everyone is technically incline to mine Bitcoin.

There are lot of things to do in bitcoin mining but invest of buying and hodling is simple either no knowledge is needed through another you can invest or basic knowledge is needed to invest in Bitcoin.
Yes, to participate in Bitcoin mining is not an option for all persons as the technical or physical requisites include the purchase of effective mining hardware and high power usage. Holding Bitcoins means making the decision which is more available to everybody to make in the meanwhile compared to buying them. That is why it does not take a lot of skills and thorough knowledge to invest in the asset and thus the potential of getting huge profits. It will enable one to participate in the world of crypto and be able to engage in the flow of it without necessarily dealing with some of the float that is there.

4
All should be depends on the number of bitcoins I will have in my old age. As a family person with children, I have to share the bitcoins among them and take the one I will use in my old age time I die. If you didn't share them before passing out, the children might fight because of them. It is god to have God number of bitcoin before getting old so you won't suffer in the old age
I don't have a plan to keep bitcoin until old age, because I still have many plans to buy assets in the real world, so what I'm doing right now is just investing to get profit during the cycle. so just hold for 3-4 years. Maybe after my goal is achieved, I'll think about holding bitcoin for old age. Hopefully bitcoin still has a good future at that time.
I agree with your decision to concentrate on investment goals in the next 3-4 years as a part of your operational plan. As given the numerous opportunities and the equal number of threats in the market, optioning stocks that can offer fast growth are rather a way that can bring the maximum of the benefits in the short term. But if the situation is stable in the future and bitcoin remains to have good growth, then you should then start investing more on it. However, it also becomes possible to focus on current needs in a more meSPAM BANble way that can enrich the result from each decision made.

5
one of the ways to benefit from a bearish market is to trade in accordance with the trade ,if the market is bullish long positions or buy are the best option while for the bearish market short positions or sell are the best depending on whether you are a scalper, day trader,swing trader or long term trader.but also keeping in mind that leverage dhould be managed properly because it mazimises yuor profit but also amplifies your loss.
Yes in trading you follow up the movement of the market. If it is on the bull market you sell and when it is in the bear you buy or you do the otherwise. It is only investment that has issues because you can only buy the bear or slidely reduction of price and sell it when it has hit the Bull Run. But in trading you buy but the two side and make profit from the two.
Yes Sir, it is wrong to deduce that trading is always good because one can take either side of the bargain. It is still relevant to plan, act fast and prepare for changes, with which one is not always prepared. Thus if the strategy is flawed then it is not beyond the realm of possibility that losses can be made a quickly as the profits. On the other hand, investment does not only entail waiting for their prices to rise or fall without putting in much effort. Most investment decisions are made bearing in mind the increase in the value and the extent to which people trust the assets after several years and not a single day. Investing in this perspective can be seen as the limiting of oneself to only the processes mentioned above and this may not be a tenable view.

6
If you are into finance and you give financial advice that didn't go as you predicted, there is every reason you can be sue and jail and because crypto market is very volatile, people can lose money very easy and if such happens, they can sue you for given wrong advice and to counter this in the future, they put not your financial advice.

Mh preference is never take any financial advice from anyone in crypto because many things they say are not fact but speculations and speculation can change even if they are very certain about somethings, things change rapidly in the crypto space.
An advisor is unlikely to give a crypto price prediction, it is very strange and even seems irresponsible because guessing the future is something that is uncertain.... financial advisors or financial advisors usually only teach basic things and also evaluate the mistakes made by their clients, they will provide advice to improve their financial management so that they can be more disciplined in managing finances, not to suggest buying certain coins to make a profit in a short time.... finance is not as narrow as price predictions...
What we have to clear our minds about is the role of the financial advisors. Offering counsel on the financial is never a matter of speculation of the course of any given asset mainly especially when it comes to fluctuating assets like the cryptos. As soon as an advisor begins to use numbers, large money concepts, or recommends an expensive coin just because many people are investing in the same, then they are going overboard. Which makes more sense is how one can modify the status of their financial affairs, avoid getting fall into the dilemma of compulsive purchasing and make decisions based on aspects which can easily be intervened. Cryptos may be discussed but it is not directly related to the use of its trends in making the decisions relating to the financial future.

7
Cryptocurrency discussions / Re: Can governments crack down on crypto?
« on: April 17, 2025, 11:58:03 PM »
In my opinion, when we make transactions on a local exchange, we are taxed and the government takes taxes from it. But I don't know if that applies in other countries. Because the government of each country has its own policy in taking taxes, and some crypto investors also object to the fees charged when making transactions on local exchanges.
It is normal to experience disagreement regarding taxes particularly where the transaction occurs in an emerging industry like the crypto assets. This feeling is not surprising if you have the impression that the local exchange is a burden to you, especially if the fees eats up most of the profits. On the other hand, governments do have a stake in the flow of funds and prevention of domination of the local market. This means that while each country was implementing the change all can have different rules that are adopted depending with how each country view these digital assets. It does make some investors think about the cost of trading on a foreign exchange which may be lower while of course there new liabilities that are associated with this. Therefore, it is quite logical that you can still wonder about the clarity of the rules in the other staking points, as these are not yet standardised.

8
Cryptocurrency discussions / Re: when should you stop?
« on: April 17, 2025, 11:38:19 PM »
I will do the same way as you. I'll never be interested to teach the type of that person. If he feels that he knows everything, he can do it alone, there is no reason to teach him. I only will try to teach someone who feels that he has a lack of knowledge and he wants to learn seriously. If someone doesn't have an intention to learn, why we must teach him? We must be wise to share knowledge, knowledge should be shared to the person who wants the knowledge.
Indeed, it is quite tricky when teaching people like that, people who really feel they have more understanding or feel they can understand faster and make us look trivial in front of them, then it is better to avoid it. because if at some point there are some things that they think are not appropriate, then they will actually counter us more, even when we help them, it will not make them feel satisfied.

and I personally will not teach someone again if it is not because of their own desire to learn about crypto and also because they have a great desire to learn. I think it will be quite a waste of time if I teach people who are not serious, have no motivation, and do not have a great desire to learn, while their passion and desire to earn money in crypto are very great. this is not comparable to the effort to prepare themselves.
We should answer people who really need answers and seek knowledge about something, don't interact with people who like to belittle people because they feel smart and know everything.
In crypto investment, we should also focus on learning and seeking knowledge ourselves, because it will have a good impact on our mentality in learning.
Learning from personal experience gives room to learn in a natural manner without overly constrained emotions. When we engage, a constructive environment is created provided the other people respect the learning process more than the disregard for others. The crypto globe or any sphere that is associated with certain levels of complexity has its own unique characters. We should take our time to learn things so that we don’t force ourselves into getting into the next level as per other people’s suggestions. If we familiarise ourselves with the concept of thinking and receiving information on our own without the negative insults of the condescendable mistress, then, the spirit of learning remains intact and comfortable. It is actually constructive to have no pressure to feel smarter within the certain environment to form the complete and clear explanation.

9
Bitcoin Forum / Re: Mine Bitcoin or Just hold it?
« on: April 16, 2025, 11:54:38 PM »
In the current situation, Bitcoin mining requires powerful computer equipment such as CPU, processor and electricity, and it will take a long time to recover the money spent by mining. Bitcoin mining is almost over, so now mining is very slow, so you can't make much profit by mining. So now the best way is to buy Bitcoin immediately if the price drops and plan to hold it for a long time. Because after a few years, the price of Bitcoin may exceed a million dollars. Then buying Bitcoin will also be our dream.
Lots of people are now leaving mining due to the fact that it is not so simple as it was before and I believe that it is quite reasonable. Yet, swapping to the buy and hold strategy is not guaranteed to be safe also. If you think the price will increase then you also must wonder why the price is increasing. Which of them will buy at a higher price? What’s driving demand? When a person depend on beliefs without considering some underlying issues that enable such beliefs, one mostly ends up with baseless expectations. I am not suggesting that you need to know technically all aspects of this world, but sit there idle and wait for it is not an option. When you make a decision based on something that you can cling on to then you can be certain that your decision is far better than walking in a pleasant reverie.

10
Those mindsets are probably from the orientation they got from the instructors. And if you really want to make good profit in Bitcoin investment you have to make good research and ask questions from knowledgeable persons so when you invest in it you won't have that mindset again to make profit instantly.

When you telling people about bitcoin investment you have to tell them the benefits of long and short term investment and long term investment is always recommended because the f you tell someone short term and when the time comes foe you to  sell and the price is low, the person will invest as lost.
Actually we don't need to do research to invest in bitcpoin, because bitcoin has proven to be more expensive and more famous. We just follow the 4-year cycle, buy during the bearish season and hold it until the bullish season, we can already get profit.
But this takes 3-4 years, so what we need is free funds to do it.
It was rather surprising when you said that more research is not needed. This is a clear indication that just because one is trading in the volatile currency such as Bitcoin, and you convinced yourself with the four year cycle and without the need for understanding why exactly it is oscillating like this. Unfortunately, the market doesn’t always behave regularly, there must be an insight of what has happened in the past. Usually there are serious shocks from unexpected quarters. If you still wish to buy at a low and wait for years then all well, but then you still must know what you are buying into. If there is no basic understanding, they get worried when price drops, or be over excited to sell in advance when it increases. It is important for research not to sound complex and quarrelsome but just show one how to differentiate between the market feeling.

11
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: April 16, 2025, 11:30:06 PM »
point of main, holding need long time but trading is short time which you can make money everyday from trading.
There is short term investment which can be daily, weekly, Monthly and yearly. And how does it work. You purchase any amount of bitcoin and left it in the wallet or exchange and you bought it when the price is low and once the price is high above the purchase amount you sell and collect your profit. In the short term investment you only purchase it when the price is low. And there is no skill is needed in the short term investment of bitcoin. I don't know how others see this but I know that many would say it is a trading but I am telling that is not trading but it is purely an investment. There is no tool needed and no skill needed and all you need to is is to buy in the low and sell in the high price.
I believe that anyone with half a brain can easily propose that there is no skill involved in buying and selling of bitcoins is misleading. It just maybe stated as ‘buy low and sell high’, but nobody knows the actual low or high, which is suitable for buying and selling respectively. If it was that simple, many people were going to be raking in large profits on a daily basis. All these pointed a bit to aspects of decision making, trying to comprehend the market situation, and controlling the emotions of either fear or greed. It is important to keep practise on these aspects. It can be referred to as short term investment, but when you are involved in deciding when to buy and when to sell by focusing on growing price fluctuations covering as short time intervals as days or weeks it is practically similar to trading.

12
Cryptocurrency Trading / Re: How to Build Trading Capital.
« on: April 16, 2025, 11:19:35 PM »
I think I'm getting to a point in trading where it's almost become automatic for me.
I find it a lot easier to notice trends and patterns compared to when I started years ago. I'm also a lot better with risk management but the downside is that I'm not making a lot of money because my capital is still quite low.

I understand that it takes time to build but it's a bit frustrating sticking to my risk strategy, I just wish there's some sort of magic spell to increase my capital.

Just take it on a slow mode and not rush into it that much to make big money from it since you are already getting things right about trading. Many have tried for more years than you did but they’re yet to find a right path to their trading journey. Having more capital is an advantage in trading but it is not necessary and can’t limit your way to success when you practice proper risk management.

There is no magic in trading and you should not imagine such because it’ll only limit your chances of keeping that consistency and become the best trader you’ve always wanted to be. Take it slow and the results will show for themselves. I am very happy for you and it’s very better you keep up to your strategy and build your capital gradually.
Indeed, if you are in a hurry to hit the large outcome, this can be one of the most dangerous pitfalls of trading. Once again colourless bolts of cash orientation exist in the world, and the only thing that fades away is learning. That is why it is impossible to hurry trading and receive results as soon as we want them, if we don’t have the proper knowledge or we fail to use such vital instrument as risk management. It is thus clear that even with little capital investment one can be successful provided he or she closely observes a number of factors and as well continuously practise. But always bear in mind that too much focus on high expectations could extent your overall progression at a slower as compared to steady rate in the long run.

13
Cryptocurrency Trading / Re: Trading Mentors = Scammer?
« on: April 16, 2025, 11:09:25 PM »
Trading mentors or instructors are not scammers, except we are being engage with one that cannot be trusted, trading professionals are believed to be experienced ones in doing trades and this is what they know how to do best, but this does not exempt them from being under any form of mistake if care is not taken, but the best way to remain safe is by learning to do trades on our own self.
It is believed that everybody is capable of making mistakes, no matter how much knowledgeable they may be and especially when it comes to the unpredictable business such as trading. It is always beneficial to follow an honest and a competent instructor so that learning becomes fast, but that does not makes it compulsory to agree with everything that one teaches. You still need to acquire your own way of perceiving the things that are happening in your life. In this case, even the best of bosses can provide suggestions that are not as suitable to your circumstances. This is why, it is crucial to be aware of other people’s experiences but also to get the information and cheque it oneself. In my opinion the greatest sin is when relying on the reputation only and do not realise that, in the end, everything is still up to you. Independently becomes independent does not equal to isolative oneself, but to grow purposefully.

14
Cryptocurrency Trading / Re: Are You Afraid of Trading?
« on: April 15, 2025, 11:51:25 PM »
In any market condition, we must always have proper knowledge. Yes, we must have skills and ability as a trader. We must always do analysis in any market condition, whether it is in bad or good market condition.

If we are newbies, it is very recommended to use small amount of money. But if we are experienced enough, we can use bigger money. Using $500 or even more than $1000 is no problem for experienced traders. Although it is riskier, we understand how to deal with the risks.
That’s what I understand, that each trader should not only invest money capital, but the trained mental capital is also required. If you say that you lack it [experience] when you have to go for a big leap, that indicates a sense of reality that few possess when at the onset. As I do not perceive it under the scope of big or small, I have to ready myself for the fact, which the market is not always in your favour. It was found that instead of admitting luck as the cause of result in stock trading by the experienced traders, they have committed more mistakes and learnt how to correct them. That is why the big value in their account is not just a number but rather understanding of where to stay and where to leave, that checked by analytical tools.

15
Cryptocurrency Trading / Re: Trading is not same thing as Gambling
« on: April 15, 2025, 11:43:24 PM »
Trading involves analysis, strategy, and risk management, while gambling is mostly based on chance. If you’re serious about trading, it’s worth educating yourself properly and using reliable sources. I personally found a lot of useful insights at Traders Union, especially their broker reviews and trading guides. It really helps to approach the markets with a clear plan and not just "hope for the best."
I fully understand why you specify that there is one more significant distinction between thinking algorithmically or systematically, on the one hand, and thinking aleatorily on the other. This way, such references coupled with phraseology showing that you are looking for structured reviews are far more valuable, as this indicates that you are looking for more than a single answer or solution, but for reasoning for each decision made. Thus, I think that the approach with the help of experience and references is better because it does not allow making an impulsive decision. Trading is not a game of guessing; it depends on the kind of test that we give to the direction before putting something. And when it is performed constantly, it does not vanish but the approach to handling it is more moderate and proportional.

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