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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
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Investing is the process of exchanging money for assets that you can reasonably expect to increase in value over time, creating a capital gain. They focus on the performance of the underlying business rather than just the investment’s price. Investors tend to focus on long-term, incremental gains rather than big gains in just a few weeks or months.
Investing is not risk-free, but it tends to be a more conservative approach rooted in the tangible success of a company. It’s not just about where the price of the asset will be in a few months.
Speculating is buying assets with the hope of substantial gains, often in a very short time period. Speculators may enter and exit assets several times quickly. Speculative assets often have a significant risk of total loss in value, which speculators accept in return for a chance of high returns.
Speculators tend to be hyper-focused on the price of an asset and less so on the underlying company’s competitive position, future success or productivity. They may rely more on price movements and technical charts rather than on an analysis of the strengths of a business.
Speculators often watch prices of their preferred asset by the day or even by the hour. These assets can be highly volatile, so this close attention can be stressful for speculators.
Investing vs. speculating: What’s the difference? (https://www.bankrate.com/investing/investing-vs-speculating/#:~:text=What%20is%20speculating%3F,a%20chance%20of%20high%20returns.)
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Investment vs Speculation (https://www.wallstreetmojo.com/investment-vs-speculation/)
(https://www.wallstreetmojo.com/wp-content/uploads/2017/11/Investment-vs-Speculation-info.jpg.webp)
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Thanks for the infographic above, Really helpful
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Thanks for the infographic above, Really helpful
Since you liked it, here is another one : )
(https://imageio.forbes.com/blogs-images/greatspeculations/files/2018/10/table-investment-speculation-10-2018-LG-e1541018168107.jpg?format=jpg&width=1440)
forbes.com (https://imageio.forbes.com/blogs-images/greatspeculations/files/2018/10/table-investment-speculation-10-2018-LG-e1541018168107.jpg?format=jpg&width=1440)
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For now, it's bearish.
I think investing is better to do.
But maybe at teh next year, I will do trading again
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It sounds like you're considering a more conservative approach. This strategy requires patience, but I prefer trading which is active.
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For now, it's bearish.
I think investing is better to do.
But maybe at teh next year, I will do trading again
Do you think trading is speculating or not, because if you think investing is better but you will choose to do trading while the context of this whole thread revolves around investing and speculating, I think you are referring to trading as speculation because we can't do investment if we chose trading?
Well, if you think trading is speculation then I will say no, it should be referred to as hedging because in speculation we don't do any type of analysis, I consider speculation as gambling while hedging is trading, because in trading we do analysis and proper search about the price and what factors influence the price of the token in consideration.
I prefer OP to talk about hedging and gambling too, but maybe in another post.
PS: Its my first post here, and can anyone tell if one line or one word posting is allowed here?
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`
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By the way, what do you think about the flat earth theory?
The view from up on mountains.. hills.. or from the 4th floor of a building... Pictures and videos from above, taken from planes and drones...
Earth looks always flat.
Why should I trust what they say more than my eyes?
:D
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I prefer OP to talk about hedging and gambling too, but maybe in another post.
There you go Faisal
The main distinction between gambling, speculating, and investing is the level of risk and reward involved. Gambling has the highest risk and usually the lowest reward, especially if continued over the long term. Speculating has a medium risk and a medium reward. Investing has the lowest risk and the highest reward over the long term.
Another difference is the time horizon. Gambling is short-term. Speculating is medium-term and uncertain. Investing is long-term and compounding.
A third difference is the mindset.
Gamblers tend to rely on luck and emotions.
Speculators rely on trends and opinions.
Investors rely on facts and analysis.
collinsonwealthpartners.com (https://www.collinsonwealthpartners.com/all-insights-guides-full/gambling-speculating-investing-whats-the-difference)
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Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
There little different BTW speculating and investing
speculating is a higher risk activity as predicting short-term movements in prices is usually a coin flip.
This mostly when you looking for bigger profit in a short term, and as you know expecting a bigger profit as already triggered a bigger risk.
whereas investing is far more likely to produce good returns over the long term . normally is still risky but not as speculating, when investing can be risky is when you invest on the wrong project. But sometimes because is long term if you're patient enough u might end making good profits without Triggering much risk.
While to me saving can be any of those two either short or long.
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if this is the first thing you wrote, then you definitely need to visit ParadigmaMetavers, which will expand your horizons on many issues. By the way, what do you think about the flat earth theory?
What is paradigma... I think you are referring to some metaverse project but how that can give me an answer to my query, and I don't think the earth is flat, but why do you ask this question on this topic while this seems totally irrelevant or isn't? Just asking, because I am not familiar with this forum and what actually happening here like your post. ;D
There you go Faisal
Got it. ;)
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PS: Its my first post here, and can anyone tell if one line or one word posting is allowed here?
Hi Faisal!
just a stupid question... how is it possible that that was your 1st post when your profile shows 325? :D
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For now, it's bearish.
I think investing is better to do.
But maybe at teh next year, I will do trading again
I believe that one can do investing and trading at the same time depending on the amount of capital you have. Allocating 1/6th of your capital for trading is enough in most cases but if someone can allocate 1/4th of the capital for trading then that's also fine. I would say that a trader always finds opportunities and whenever he/she gets those opportunities he/she can take a trade.
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I believe that one can do investing and trading at the same time depending on the amount of capital you have. Allocating 1/6th of your capital for trading is enough in most cases but if someone can allocate 1/4th of the capital for trading then that's also fine. I would say that a trader always finds opportunities and whenever he/she gets those opportunities he/she can take a trade.
Indeed.
Just a quote supporting your statement:
In actuality, a person can be all three. A person could have the majority of his/her portfolio in conservative investments, can speculate with a small portion of their portfolio, and take a trip to Las Vegas or local casino (here is Southern California, there are many to choose from) every once in a while.
toroinvestmenteducation.com (https://www.toroinvestmenteducation.com/article/Understanding_the_Difference_between_Speculators__Investors__and_Gamblers)
From the same site
(https://mahrio-toro-mercado.s3.amazonaws.com/media/56a8a6666f2ae8a1014bce6a/media/ISGambler1.png)
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Hi Faisal!
just a stupid question... how is it possible that that was your 1st post when your profile shows 325? :D
It's not a stupid but actually a good question, I was teleported here from Bitcointalk, I was a active member there and just find out that this forum provides an opportunity to teleport to the same rank that you have on BTT.
That is why my posts are shown as 325.
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Hi Faisal!
just a stupid question... how is it possible that that was your 1st post when your profile shows 325? :D
It's not a stupid but actually a good question, I was teleported here from Bitcointalk, I was a active member there and just find out that this forum provides an opportunity to teleport to the same rank that you have on BTT.
That is why my posts are shown as 325.
Thanks Faisal. I wasn't aware of this mechanism.
Teleporting!
It took 50 years, but finally Star Treck has become reality :D
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I feel it is trading and a lot depend on luck
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Do Saving is good idea Saving involves putting money aside with the goal of preserving capital and lowrisk growth. Investing entails allocating funds with an expectation of moderate to high returns over time. Speculating is riskieremphasizing shorterm gains often with higher uncertainty.
The difference matters based on risk tolerance and financial goals. Cryptocurrency activity can vary from saving holding for the long term investing strategic allocation for growth to speculating short-term trading for potential gains.It's crucial to align activities with individual risk profiles and objectives
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If we are dealing with cryptocurrencies, then saving is not the best way to multiply them, I understand that cryptocurrencies are risky, but it should be understood that it is not a means of saving, at the moment they serve for multiplication and speculation.
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Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
I have been in the crypto space for a long time, and all the things you mentioned are things I do as a community investor in this field. It's just a long process before we learn about trading kills. Then, making speculations is based on what we learn or discover about crypto or bitcoin.
If our intention or purpose in entering this business industry is also good, it is not really vague to understand and get profit from it and save through crypto assets that can be savings in the future and for our family.
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Hi Faisal!
just a stupid question... how is it possible that that was your 1st post when your profile shows 325? :D
It's not a stupid but actually a good question, I was teleported here from Bitcointalk, I was a active member there and just find out that this forum provides an opportunity to teleport to the same rank that you have on BTT.
That is why my posts are shown as 325.
I was also confused when I saw this but when I saw a tag of Teleported then I get a conclusion that you are from the Bitcointalk forum therefore you are directly promoted to higher rank. By the way keep it up if you can build up you account on Bitcointalk so you can also build up here too.
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I think it is both
Hello from sunny Singapore
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Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
If you are speculating, aren't you doing something? I mean, unlike investing and saving, you'll spend money so that you will have a return profit unless you are just speculating and not doing something. All three are related because, without speculation, we won't be curious about investing in an altcoin that we want or saving money so that we can invest. It is the spark within us to do something, so I would say I don't prefer only one, as I do want those three choices.
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Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Well, let me say that there is a bit of difference in saving and investing, but this difference lies in what coin one is buying, for example, we have stable coins like the USDT, USDC and so on, and we have non-stable coins like the Bitcoin, Ethereum, Solana and so on, which of this we are buying will tell if we are saving or investing.
Like for example, someone buying stablecoins, to me is saving, since stablecoins are relatively stable in price, there is a little to no chance of making a profit just holding stable coins, so holding stable coins is more like saving.
But on the other hand, if someone is buying coins like bitcoin, Ethereum, Solana and so on, we can say that this person is investing, since the price of this coins are not stable, they have the potential to fetch in for the holder a lot of profits, as well as alot of loses as well when the market turns red, so, this is investing.
And speaking of speculating, I think this is something totally different, speculation is what leads people to either investing or just sitting and watching, I can't think of any other way to explain this actually.
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Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Of course, if I am going to do trading activity, it is necessary to invest, and once I have invested, that is when I do the trading activity. While I do it in actual trade, I will have speculation while I do it technically. analysis.
Those cannot be separated if you are a good type of trader with deep and extensive knowledge of trading. Because if you don't practice this trading style, that means you are a gambler, not a trader.
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Making plans to save and invest certainly requires good maturity because, to do these two things, you have to save them in digital or gold form. During this time, never keep assets in FIAT because if you keep them for too long, they will not grow and most likely will not have value like paper currency in Zimbabwe. Buy gold or bitcoin this year and save it for the next 5–10 years, and you will get huge results.
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For me myself, I focus more on investing than speculating. I mean that I have certain coins whi are analuzed. and I uave certain target to take profits at least during bullish era. and top coins are my choices. I never put my money on the high risk coins such as new projects or even meme coins. Because I am also not a high risk taker. I also cannot speculate with my money. just choose the coins that have higher possibility to rise in the bullish era.
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Investment and Speculation have different criteria and goals. Investment prefers to store cryptocurrency assets for a long period of time, while speculation guesses the price movement of a coin on several grounds such as news and others, while what is safe in my opinion is long-term investment in Bitcoin.
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There is no connection between the two terms, as investment requires prediction, which is represented by Speculation, so the wording of the question must be a short-term or long-term investment.
If you have experience and knowledge of the foundations and methods of technical analysis, short-term investing for people like you will achieve a good income. Otherwise, stick to long-term trading and using trading methods such as DCA.
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Saving involves setting aside money, often low-risk, for short-term goals. Investing aims for long-term growth through assets like stocks or real estate. Speculating involves high-risk ventures for potentially quick gains. Understanding these distinctions is essential as they impact risk, timeframes, and financial goals.
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Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
In my assessment, if you want savings, of course you will use the choice of investment to have savings, as long as the coin assets you choose are right in this business.
And if that's inside actual trading, you'll use indicators so you can predict where the price will go. You can now speculate about the coin that you are short-term trading. And when that happens to get you a profit because you hit a high percentage in the prediction, if you save it, you will have savings.
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Saving involves preserving money with low risk, investing is putting money into assets for long-term growth, and speculating is seeking short-term gains with higher risk. The difference matters for risk tolerance and goals. In cryptocurrencies, saving might be holding stablecoins, investing could be long-term holdings like Bitcoin, and speculating might involve trading altcoins. Your activity depends on your risk tolerance and objectives.
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To me, all of these concepts are Investing, meaning investing resources (money, time, effort) to create profits.
The division of concepts is based on duration and each person's risk appetite. Even for many people, all of these concepts are only part of their flexible trading strategies: I trade, I buy and sell, I also speculate and have a portion of stable coins to Save.
I think we should focus on providing specific criteria for allocating capital and strategies for each part to achieve the best benefits: high safety and high profits.
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Saving involves setting aside money, often low-risk, for short-term goals. Investing aims for long-term growth through assets like stocks or real estate. Speculating involves high-risk ventures for potentially quick gains. Understanding these distinctions is essential as they impact risk, timeframes, and financial goals.
Saving surely should have lower risks. Meanwhile investment probably has a higher risk but it potentially multiply the money. Both saving or investment can be short or long term. It depends on the goal of the people who invest in. For speculating, it should be on very high risk thing, ex: new altcoins. If we put our money on the top altcoins, I think it is still the form of investment. But when we buy new altcoins or meme coins, it is surely the form of speculating our money/funds.
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Saving surely should have lower risks. Meanwhile investment probably has a higher risk but it potentially multiply the money. Both saving or investment can be short or long term. It depends on the goal of the people who invest in. For speculating, it should be on very high risk thing, ex: new altcoins. If we put our money on the top altcoins, I think it is still the form of investment. But when we buy new altcoins or meme coins, it is surely the form of speculating our money/funds.
Saving with a lower risk is saving in the form of Bitcoin and having to save in a wallet that has a key that only you know the key to. Saving Bitcoin is the right choice because I think the increasingly limited supply of Bitcoin means the price will rise from year to year and will provide a lot of profits for those who already have a lot of Bitcoin.
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Thanks for the explanation.
I don't know what it's called, I personally am more suited to investing than speculation. Even when investing, you really have to understand which coins are promising and won't disappoint even though they are high risk? Yes, if we want to avoid speculating, it would be better if we invest in top market cap coins which don't promise super high profits, but they keep dropping and their prices are uncertain. So wouldn't it be better to focus on investing in top coins such as Bitcoin, EYJ MATIC, ADA and other top coins, right?
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For now, it's bearish.
I think investing is better to do.
But maybe at teh next year, I will do trading again
I believe that one can do investing and trading at the same time depending on the amount of capital you have. Allocating 1/6th of your capital for trading is enough in most cases but if someone can allocate 1/4th of the capital for trading then that's also fine. I would say that a trader always finds opportunities and whenever he/she gets those opportunities he/she can take a trade.
You are right but you should also know that doing both will only be a distraction because you will be more focus on trading than investing. You might even go as far as using the money that you have invested to trade when you have lost all you assigned to trading because trading is a professional thing and is complex. Even professional traders run at loss. This is why I will only focus on investing because in whatever we are doing we must be patient with it to mature before we can reap from it. Trading is similar to gambling but you might say that I am wrong.
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Thanks for the explanation.
I don't know what it's called, I personally am more suited to investing than speculation. Even when investing, you really have to understand which coins are promising and won't disappoint even though they are high risk? Yes, if we want to avoid speculating, it would be better if we invest in top market cap coins which don't promise super high profits, but they keep dropping and their prices are uncertain. So wouldn't it be better to focus on investing in top coins such as Bitcoin, EYJ MATIC, ADA and other top coins, right?
If it is just a speculator, then he will just say some nonsense without having any certainty about the price speculation said.
It is better to be an investor because it will be more profitable.
Long-term investors with Bitcoin will provide better returns.
But some altcoins are also good enough to hold long-term.
You may experience Typo with EYJ coin, maybe you mean ETH,
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Thanks for the explanation.
I don't know what it's called, I personally am more suited to investing than speculation. Even when investing, you really have to understand which coins are promising and won't disappoint even though they are high risk? Yes, if we want to avoid speculating, it would be better if we invest in top market cap coins which don't promise super high profits, but they keep dropping and their prices are uncertain. So wouldn't it be better to focus on investing in top coins such as Bitcoin, EYJ MATIC, ADA and other top coins, right?
If it is just a speculator, then he will just say some nonsense without having any certainty about the price speculation said.
It is better to be an investor because it will be more profitable.
Long-term investors with Bitcoin will provide better returns.
But some altcoins are also good enough to hold long-term.
You may experience Typo with EYJ coin, maybe you mean ETH,
Everything that involves investing will Always Generate a risk, which is very normal in the market, when investing in Bitcoin it can represent a risk, but honestly it is the safest investment in the world, for me it is, it doesn't matter if the price drops of bitcoin, because the ET, or for whatever reason it exists here, what should be done is to verify everything to make and generate better opportunities, I always recommend buying Bitcoin, because for me it is the best of all, without bitcoin there is no There is a party, most of us Always look for ways to better face any type of Risk , the Moment we step onto the street we take a risk when we go away, which type of activity already implies a risk, everything is like that, for that reason investing in I do see bitcoin as one of the best ways to make money grow.
Investments in altcoins are necessary, yes, and something that can be very determining, but basically what I can think about this is that every time a type of investment is made in altcoins it is not the same as bitcoin, the risks of losing They are much more Advantaged, although they can diversify into other Cryptocurrencies , but I consider Bitcoin to be safe.
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Saving... Investing... Speculating... what's the difference?
When you're saving, then you're holding, but you need to define the standard or what exactly are you saving or holding, if you're saving fiat then you're wrong, save or hold Bitcoin and be free, when you choose the right cryptocurrency, then you're investing on it to make profit from what you have save up for and invested on, the last one, speculating, speculate well before you invest and after you have invested, your investment is not complete without running a speculation on it.
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You are right but you should also know that doing both will only be a distraction because you will be more focus on trading than investing. You might even go as far as using the money that you have invested to trade when you have lost all you assigned to trading because trading is a professional thing and is complex. Even professional traders run at loss. This is why I will only focus on investing because in whatever we are doing we must be patient with it to mature before we can reap from it. Trading is similar to gambling but you might say that I am wrong.
I would say that trading isn't a distraction if you do it in a good way with a proper strategy and a plan. I would say that one should assign a defined amount for trading purpose and should take smaller trades if he/she fears about huge losses.
Trading with a proper strategy won't cause much losses but yeah when you're building up a strategy then you may have some losses during that time. I wouldn't compare trading with gambling as both of different from each other in many ways.
If you're a trader and you're using future's trading with very high leverages then that's a matter of concern because you're basically gambling with your money, however if you're only using spot trading then you aren't doing anything wrong.
I would say that someone who is busy with other tasks should avoid trading and move towards investing only but if someone can manages some time for trading then it's going to give huge rewards in long term. Many traders have left their office jobs after earning good income via trading and trust me a good trader never faces huge losses but a greedy one does.
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Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
They are different, each has its own goal. But I prefer to choose investing and trading, these are 2 ways that are possible to give me money. I mostly invest in top coins, specifically Bitcoin and Ethereum. Meanwhile in trading, I prefer to choose more volatile coins, I choose top altcoins or current trend altcoins.
Sure, investing and trading are necessary in my life. ;)
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Saving surely should have lower risks. Meanwhile investment probably has a higher risk but it potentially multiply the money. Both saving or investment can be short or long term. It depends on the goal of the people who invest in. For speculating, it should be on very high risk thing, ex: new altcoins. If we put our money on the top altcoins, I think it is still the form of investment. But when we buy new altcoins or meme coins, it is surely the form of speculating our money/funds.
Saving with a lower risk is saving in the form of Bitcoin and having to save in a wallet that has a key that only you know the key to. Saving Bitcoin is the right choice because I think the increasingly limited supply of Bitcoin means the price will rise from year to year and will provide a lot of profits for those who already have a lot of Bitcoin.
You probably know that most people who want to use DCA will decide to make an investment in bitcoin or cryptocurrency. This is the best way to do it in the times we are facing.
Because if the investment we made is right, it is also possible for us to have big savings immediately in the future. But this is just my speculation, so we should still have the word: do your own research in all aspects that we will do in the crypto space.
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Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
They are different, each has its own goal. But I prefer to choose investing and trading, these are 2 ways that are possible to give me money. I mostly invest in top coins, specifically Bitcoin and Ethereum. Meanwhile in trading, I prefer to choose more volatile coins, I choose top altcoins or current trend altcoins.
Sure, investing and trading are necessary in my life. ;)
You are right, and I completely agree wit you, having savings is very important, but investing and trading are much more better because that is the only means that good profit can be made, savings, depending on where the money is saved and how much is saved, can still make the owner some profit, but this can not be compared to money invested or used for trading.
And the most beautiful thing is that, money in investment and or trading can still be considered savings since it can still used for very urgent expenditures (like matter that involved life and death) in the absence of enough saving or savings at all.
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Saving... investing... speculating... gambling...
Today: Speculation vs. Gambling
KEY TAKEAWAYS
- Speculating and gambling both involve committing money to high-risk prospects that may or may not pay off.
- Speculators research and assess the risk of a financial asset before investing, in the hopes of seeing strong returns.
- Gamblers play a game of chance with an expected negative response: it is well understood that the odds of success with gambling are low and that the house is more likely to win.
Gambling can take the form of needing to socially prove one's self or acting in a way to be socially accepted, which results in taking action in a field one knows little about.
Gambling in the markets is often evident in people who do it mostly for the emotional high they receive from the excitement and action of the markets.
Finally, relying on emotion or a must-win attitude to create profits rather than trading in a methodical and tested system, indicates the person is gambling in the markets and is unlikely to succeed over the course of many trades.
www.investopedia.com (https://www.investopedia.com/ask/answers/042715/what-difference-between-speculation-and-gambling.asp)
* Edited the poll adding the Gambling option :)
Please vote! The results are interesting!
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It is difficult now to speculate with bitcoin, because we are about to be in a period where we do not know what will happen? On the one hand, if they approve the Bitoin ETF, then the bitcoin easily goes up, if they don't approve it, then it drops in price, just as it happened in a few hours where it was said that they were not going to approve the bitcoin ETF because the price would go down, this It causes a lot of controversy, I could say that when this goes to another level and if it is approved, it would be difficult for the price to reach around $50k, that's what I predict because it can happen, of course this will always happen and when approved If they don't approve it you have to wait, then this is an uncertainty for traders, it's like a lottery to trade for me these days, it's like entering a casino, and this should be done based on knowledge, not Leave it to luck.
The investment? I think that at this time it is the safest thing, what has to be given is that the person has a lot of patience, there is no other way, this is what I can think for now, in the long term I do recommend having bitcoin.
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Saving involves preserving money with low risk, investing entails putting money into assets for potential growth, while speculating involves high-risk bets for quick profits. The difference matters for financial goals and risk tolerance. In cryptocurrencies, my activity leans towards investing, seeking long-term growth with a diversified portfolio.
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Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Everything is actually interrelated. As in real investing, when we know there is always potential and risk, that is where we will start speculating about which direction the project we are analyzing will go. Towards good or bad potential. And even though we make analyzes such as fundamental analysis, in the end we still speculate when taking action. Likewise in trading. But what makes the difference is whether we speculate without careful analysis or whether we speculate after carrying out careful analysis. Speculating without analysis and relying only on luck can be called climbing gambling. Meanwhile, speculating after considering the results of careful analysis is not gambling but can be included in trading or investment. Well, the level may be the difference in this case.
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Saving: You will be a little safer and have lower risk, when you need something it will be enough because you will fulfill everything.
Investing: You can be rich, and richer depending on taking low or high risks, but saving does not make you rich but lives safer.
Speculation: If you speculate too much then there will be no progress, if you have done what you have done then follow up whether to invest in an asset or not.
gambling: you risk money with luck, don't think of gambling as income it's a bigger risk.
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Investing 56.3%
Trading 37.5%
Speculating 6.3%
Gambling 0%
Saving 0%
Investing is winning! :D
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Investing 56.3%
Trading 37.5%
Speculating 6.3%
Gambling 0%
Saving 0%
Investing is winning! :D
Investing and trading are expected to be the most used by many. People are here in crypto to invest and make money in the future. They are here for the money, and investment is the best and safest way for it. Unlike gambling, you are just playing with 50% chance probability, and you can't guarantee that you will be profitable in the future, and if you're winning anytime it will get back from you.
I believe that there are people out there that are good at gambling, and there are people who are happy with it, but we can't deny that there's too much risks. Even trading, it's also risky especially if you don't know what you're doing.
That's why investing is what commonly choose by many because of the very low risk and a guarantee that you will be profitable in the future if you invested in the right coin especially Bitcoin.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Everything in my opinion is "Gambling".
In this life we are just "Gambling" with the circumstances around us.
Whether it's in a good, bad life, day or night or an extraordinary life like the lives of rich artists.
Let me just take an example like this: I was going to go buy vegetables at the market but because there were so many choices in the market, I ended up "gambling" with my own choice of A B C D E F G.
That's just a bit of my opinion and it's not appropriate to be imitated by all members on this altcoinstalks forum.
For gambling in cryptocurrency, it is very easy to give an example, for example: In the past there was a person who bought a pizza with 10,000 Bitcoins and if he was "gambling" by keeping just one Bitcoin until now, perhaps he would have earned billions from his pizza.
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Investing 56.3%
Trading 37.5%
Saving 0%
Investing is winning! :D
Is this your entire portfolio or a big chunk of your monthly salary to invest 56.3%?
I think it's a good thing because by investing you can get big profits and become rich. Lol
The percentage of trading is too big for me, but it is up to you because you have skill in trading then it can make profit too.
Saving 0% then this should be an emergency fund but not completely saving on fiat.
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Investing and trading are expected to be the most used by many.
Yes indeed,
probably in their crypto life people act with multiple intentions,
but in a poll like this one simply chooses the option which represents the most important component of his overall cryptoactivity.
Everything in my opinion is "Gambling".
In this life we are just "Gambling" with the circumstances around us.
Whether it's in a good, bad life, day or night or an extraordinary life like the lives of rich artists.
Let me just take an example like this: I was going to go buy vegetables at the market but because there were so many choices in the market, I ended up "gambling" with my own choice of A B C D E F G.
I see we have some good life philosophers among us! :D
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It is difficult now to speculate with bitcoin, because we are about to be in a period where we do not know what will happen? On the one hand, if they approve the Bitoin ETF, then the bitcoin easily goes up, if they don't approve it, then it drops in price, just as it happened in a few hours where it was said that they were not going to approve the bitcoin ETF because the price would go down, this It causes a lot of controversy, I could say that when this goes to another level and if it is approved, it would be difficult for the price to reach around $50k, that's what I predict because it can happen, of course this will always happen and when approved If they don't approve it you have to wait, then this is an uncertainty for traders, it's like a lottery to trade for me these days, it's like entering a casino, and this should be done based on knowledge, not Leave it to luck.
The investment? I think that at this time it is the safest thing, what has to be given is that the person has a lot of patience, there is no other way, this is what I can think for now, in the long term I do recommend having bitcoin.
Even now that the spot bitcoin Etf has been approved, it is still not easy to determine what will happen to the price value of bitcoin in the market. Since Bitcoin is a volatile asset, it really cannot be determined immediately which direction it will go.
You know that Bitcoin suddenly moves the price value of a sudden rise that most people did not expect, and this has happened several times in some bull runs that have also passed in this field of cryptocurrency.
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First of all you should try to stay away from gambling because very few people are able to keep their money by gambling. Savings will keep your money unchanged so you will not have the potential for growth, but if you invest there is some risk in the money, there may be great potential for growth in the future. If I were to suggest you invest I would suggest you invest in Bitcoin. There are many more coins in the market to invest but Bitcoin is safe and Bitcoin is the best investment. If you have leftover money you can invest in Bitcoin. I am not asking you to invest all the money in Bitcoin you may need and you can keep the amount of money you may need and invest the rest in Bitcoin and if you can continue this investment then it is more positive for you. I recommend you to invest because I like to invest in Bitcoin.
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I see we have some good life philosophers among us! :D
It's not about philosophy but it's about myself who always goes through days with uncertainty. For example, I go to the market as I explained before.
Cryptocurrencies are the same, when I learned a lot about cryptocurrencies including Bitcoin, the price was uncertain, it always changed in a split second.
I'm trying to assume that the choice you make is between "Saving... Investing... Speculating... Gambling?" , I will automatically choose "Gambling" because this fits perfectly between my life and Bitcoin trading which is always changing all the time.
Well , Naaaaah , now I will ask you about your life, is your life stable every day, "Flat" or changing (in income, activities, work, etc.)?
Don't take it seriously, I'm joking so you don't get too stressed about your day. LOL ;D
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Saving involves preserving capital, investing aims for growth, speculating entails risk for potential profit, and gambling is based on chance with no underlying strategy. The distinctions matter for financial goals and risk management. In cryptocurrencies, my activity leans towards investing, focusing on long-term growth and strategic portfolio management.
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It's not about philosophy but it's about myself who always goes through days with uncertainty. For example, I go to the market as I explained before.
Cryptocurrencies are the same, when I learned a lot about cryptocurrencies including Bitcoin, the price was uncertain, it always changed in a split second.
I'm trying to assume that the choice you make is between "Saving... Investing... Speculating... Gambling?" , I will automatically choose "Gambling" because this fits perfectly between my life and Bitcoin trading which is always changing all the time.
Well , Naaaaah , now I will ask you about your life, is your life stable every day, "Flat" or changing (in income, activities, work, etc.)?
Don't take it seriously, I'm joking so you don't get too stressed about your day. LOL ;D
I think there is a gambling component in most decisions that we take in life, be it in cryptocurrencies or in choosing which apple to bring home from the market. We cannot avoid the role played by luck in the outcome of our decisions. So I say you are right.
... wait a minute... GAMBLING GOT ONE VOTE! Thank you aiviaa!
:D
Saving involves preserving capital, investing aims for growth, speculating entails risk for potential profit, and gambling is based on chance with no underlying strategy.
Hi zulfi,
nice distinctions there. You have analytical skills!
I have been in the crypto space for a long time, and all the things you mentioned are things I do as a community investor in this field.
Hi GH,
yes of course, we engage in more than one of these activities.
Maybe I should formulate my question differently. Instead of: How would you describe your activity? I should ask: Which one of these activities is more important for you?
There little different BTW speculating and investing
Hi TPM,
yes of course, there is not a clear cut distinction between these 4 activities, so it's not always 100% clear whether someone is investing or speculating or saving...
Sometimes we have more than one goal, so that in our decision there is both, investing and speculating, maybe a little more of one and a little less of the other...
But nonetheless, I think that they are 4 different activities and it makes sense to discuss about them :)
Well, let me say that there is a bit of difference in saving and investing, but this difference lies in what coin one is buying, for example, we have stable coins like the USDT, USDC and so on, and we have non-stable coins like the Bitcoin, Ethereum, Solana and so on, which of this we are buying will tell if we are saving or investing.
In cryptocurrencies, saving might be holding stablecoins, investing could be long-term holdings like Bitcoin, and speculating might involve trading altcoins. Your activity depends on your risk tolerance and objectives.
Hi Fivestar and gulu,
you both make a good point!: each one of these activities can have a bearing on which coins one chooses to trade.
Or conversely: there are cryptos which suit better one or the other activity.
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Investing (52.4%)
Trading (33.3%)
Speculating (4.8%)
Gambling (4.8%)
Saving (4.8%)
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First of all you should try to stay away from gambling because very few people are able to keep their money by gambling. Savings will keep your money unchanged so you will not have the potential for growth, but if you invest there is some risk in the money, there may be great potential for growth in the future. If I were to suggest you invest I would suggest you invest in Bitcoin. There are many more coins in the market to invest but Bitcoin is safe and Bitcoin is the best investment. If you have leftover money you can invest in Bitcoin. I am not asking you to invest all the money in Bitcoin you may need and you can keep the amount of money you may need and invest the rest in Bitcoin and if you can continue this investment then it is more positive for you. I recommend you to invest because I like to invest in Bitcoin.
What he says is very true, as long as it is about gambling, because things will Always be very risky , gambling in a casino will always be a Reckless activity, perhaps because it is very prone to having a lot of luck, or that gambling in general occurs and is linked to Chance , these types of Things are the ones that we must focus on Making and predicting some results, that is why both in the game and in the game I apply a single Strategy before starting , which is , betting or putting The money that I am Willing to lose, whether in trading or in caisno, I say that and I actually end up with an amount of money, usually it is small, but I always set that as a goal, so that I don't regret it after my acts, when I do and achieve that, it is easier, because basically what I do is that if I don't win Anything, I don't put more money there, and I Assume my loss , if I Win then I try to enjoy my gnanaics, that is the Smartest thing ever Now I have Discovered you.
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Today, I participated on the poll of this thread and I have selected investing and trading. And, I was astonished to see that most of us are either traders or investors and I agree with all those people who choose investing and trading as both of those are needed to earn better revenue. I would prefer investing over trading a little bit but trading is also quite good if you know what you're doing.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Saving means which assets do you have store in your wallet.
Investing means do you buy by your fiat or Digital currency.
Speculation means means future price prediction of Investment or Savings.
Gambling means betting something exchanging investment or savings.
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If the choice is only to the 5 voted then of course in this case I will prepare myself more to invest but indeed in this case I have also experienced trading and of course gambling which I still do because in this case I distinguish them with a specific purpose.
I do Investment to change the future life situation that I want to get well so investment is the right choice for my long term as for gambling it is not a business for us as players but it is just meant to relax the mind after I am busy with work all day and on weekends I use a few hours to do gambling just for entertainment not for business.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Saving means which assets do you have store in your wallet.
Investing means do you buy by your fiat or Digital currency.
Speculation means means future price prediction of Investment or Savings.
Gambling means betting something exchanging investment or savings.
I see this as a discussion whereby only a newbie may not really have the understanding of these terms and know their difference, it is very simple even at the virtue of what we do, we are saving through what we earn, this may be our income from what we do or what we receive as incentives from other people and refuse to spend, instead we choose to hold it, investing is when we want to use our asset on something that could be more profitable to us, speculating is just as making a survey about what we are intended to do, gambling is another thing entirely different from them all, you place a bet in gambling to either win or loose.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Hey OP, they all matter and you’ve to chose the one that works best for you in the crypto space before deciding on which one to do. On how you listed them is the order of their increasing risk in the space. If you’re new into the space and want to start saving in crypto and making money, investing and saving in bitcoin is the best for you. If you chose to go to other altcoins, you’re already risking your investment. Speculation should remain speculations until when proven to be a fact, don’t fall for speculations. I will align trading to gambling in crypto, without the in-depth knowledge of it, you’ll lose in them. It is better to keep investing in bitcoin and save for the good days rather than investing in speculations or trading your money.
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Wow... This is an interesting question which we are learning a lot from the opinion of others.
Anyways I don't have much to say, all I could say is that for me I think saving and investing are good to go in terms of crypto because some people invest in crypto as a way to save their money for long tem use or when an emergency arise.
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Investing (52.4%)
Trading (33.3%)
Speculating (4.8%)
Gambling (4.8%)
Saving (4.8%)
Investment and trading still seem to be the choices of the majority of us. And this is a normal thing because anyone would be happy with investing and everyone would always be involved in any type of trading. But I'm highlighting the savings option that not many people here seem to choose. And from these results it can be said that people here already understand the disadvantages of just saving which is always related to inflation and can make the amount of our savings remain the same but the value will continue to decrease due to inflation. Meanwhile, those who choose investment and trading are those who understand that it is important to continue to grow your portfolio and plan your finances very well.
But I hope everyone still has savings, even if it's not much. namely savings to anticipate emergency situations or what is also usually called an emergency fund.
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Investing (52.4%)
Trading (33.3%)
Speculating (4.8%)
Gambling (4.8%)
Saving (4.8%)
Investment and trading still seem to be the choices of the majority of us. And this is a normal thing because anyone would be happy with investing and everyone would always be involved in any type of trading. But I'm highlighting the savings option that not many people here seem to choose. And from these results it can be said that people here already understand the disadvantages of just saving which is always related to inflation and can make the amount of our savings remain the same but the value will continue to decrease due to inflation. Meanwhile, those who choose investment and trading are those who understand that it is important to continue to grow your portfolio and plan your finances very well.
But I hope everyone still has savings, even if it's not much. namely savings to anticipate emergency situations or what is also usually called an emergency fund.
Well you are right, in every sense that is good because things should be like this, when you have bitcoin for example, it is always good to have and buy everything you ask for as long as the price remains below its ATH, I would leave the percentage of gambling much lower because that is referred to pure fun, which is not bad, but we must understand something, whenever we need to do something to generate money, gambling is something that can do the opposite, and if the person He does not manage his finances well and the percentage can go much higher.
As for market speculation, it is not bad, things will always be favorable as long as you know how to do them, because there is nothing worse than doing gambling, market movements must be very well planned so as not to lose money, There must be very clear rules so that things don't get out of control, that's my way of seeing things, maybe there is a much better plan.
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Most crypto communities know that the main reason for those entering this industry is to look for investments that will help grow investors' capital in the future. Of course, when the purchased crypto coins are correct and legitimately have potential, investors will make a profit.
Now, where can investors buy potential crypto assets? I see only two possible sources for that: first from the trading platform, either Cex or Dex, and second from the new campaign projects, although the risk level is high when buying investment in new projects.
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I am more likely to Saving because I keep coins more than trading it in the market.
I also have bitcoin even though I try to save for a more expensive price when I have retired from work and old.
For daily I use money from working real and for future assets it is more likely to store it, such as land, rice fields and fish ponds including bitcoin.
Maybe my thinking is old -fashioned or out of date but I prefer to store my assets because my thinking when I am old is not able to work and must have the name Pasive Income, including from Cryptocurrency.
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I am more likely to Saving because I keep coins more than trading it in the market.
I also have bitcoin even though I try to save for a more expensive price when I have retired from work and old.
For daily I use money from working real and for future assets it is more likely to store it, such as land, rice fields and fish ponds including bitcoin.
~snip~
Saving and investing are good way to make profit from crypto.
I have done both.
Trading is also good , if we have experience and knowledge in trading.
But If we want to invest in low risk, Holding is the best way to do. but it needs free money.
TBH, I have do trading, saving, investing in new project and also staking in top coins.
I use many method to gain profit.
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-snip-
TBH, I have do trading, saving, investing in new project and also staking in top coins.
I use many method to gain profit.
Then which method do you think is very effective for growing the profits you can get in crypto?
Because each method will have its own advantages and disadvantages.
Trading certainly requires good analytical knowledge and must have a stable psychology in trading.
It is not easy to continue to trade consistently, and there will be losses and gains.
The safest way is to buy gradually and hold it until the main price target is reached.
It will also avoid from psychological pressure so that there is no burden.
Simply hold and sell when it reaches the target, it is better and there is no need to stress.
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I am more likely to Saving because I keep coins more than trading it in the market.
I also have bitcoin even though I try to save for a more expensive price when I have retired from work and old.
For daily I use money from working real and for future assets it is more likely to store it, such as land, rice fields and fish ponds including bitcoin.
~snip~
Saving and investing are good way to make profit from crypto.
I have done both.
Trading is also good , if we have experience and knowledge in trading.
But If we want to invest in low risk, Holding is the best way to do. but it needs free money.
TBH, I have do trading, saving, investing in new project and also staking in top coins.
I use many method to gain profit.
Well, as far as things that are investment are concerned, it is quite good when it comes to doing what is best for us, I have always said that the safest thing is investment and market speculation is for those who actually know how to do it, because If it is not to lose money, each of us must have a method for everything, both to speculate in the market and to do any type of things that have to do with us doing the best in the market and winning, we always seek to win, but with concoiment.
The thing about betting is, as I have always said, having money ready to lose, if we have it it doesn't matter if we lose, because that money was destined for it, the bad thing is when you have money that is committed and you lose, there This is where the problems begin, there are some who are confused with tadging, they think that trading is like gabling and they also lose money, these types of things are what we must always consider to avoid losing money.
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Most crypto communities know that the main reason for those entering this industry is to look for investments that will help grow investors' capital in the future. Of course, when the purchased crypto coins are correct and legitimately have potential, investors will make a profit.
Now, where can investors buy potential crypto assets? I see only two possible sources for that: first from the trading platform, either Cex or Dex, and second from the new campaign projects, although the risk level is high when buying investment in new projects.
It's interesting when we try to invest in new projects. Of course the risk is very high and it is not uncommon to fail in investing in new projects. We must really use more money because if we fail it will not be something that burdens us. Disappointed for sure, but at least it doesn't make our finances worse.
I did it several times, the results were successful, some were ordinary and some failed and had to lose money. But I am quite satisfied because I can learn a lot from the experience. Indirectly it can hone our ability to analyze new projects that will be useful for analyzing other new projects.
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It's interesting when we try to invest in new projects. Of course the risk is very high and it is not uncommon to fail in investing in new projects. We must really use more money because if we fail it will not be something that burdens us. Disappointed for sure, but at least it doesn't make our finances worse.
I did it several times, the results were successful, some were ordinary and some failed and had to lose money. But I am quite satisfied because I can learn a lot from the experience. Indirectly it can hone our ability to analyze new projects that will be useful for analyzing other new projects.
When you don't have too much money, it's best not to waste time by contributing to new projects because there is no guarantee of profit that can be obtained, at least they must remain alert when they want to make an investment and must analyze the existing project more deeply, maybe it could be Material for consideration are projects that have direct support from Binance Labs which will provide a small guarantee of profit because the support they have is a very large platform.
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When you don't have too much money, it's best not to waste time by contributing to new projects because there is no guarantee of profit that can be obtained, at least they must remain alert when they want to make an investment and must analyze the existing project more deeply, maybe it could be Material for consideration are projects that have direct support from Binance Labs which will provide a small guarantee of profit because the support they have is a very large platform.
New projects will be always very risky to join. Although we want to join new projects, it is better to only use small money. I think we don't need to vid them at all, but we must be very careful. Many of new projects can be scams or weak projects. They can stop development any time, many people already lost money in new projects. Although the projects launched by Binance labs, always do a deep research..
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I selected both saving and investing, because I do save "some" money in the crypto, but its also considered invested at the same time. I mean when you put like 50 bucks per month into bitcoin, that is you saving 50 bucks from your salary every month (may not sound a lot in other nations, not too terrible where I live, still not a lot though) so you are saving money from salary while also investing into bitcoin. But, trading is not something I do often, I do it a bit but not a lot ,and gambling is something totally different, I do gamble but very different ways, so not really relevant here. This leaves, majority of it could be considered investing, with just a bit of saving as well.
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I personally have been saving money mainly in Bitcoin through the DCA method. I consider this method effective because it allow me to buy with my small investment budget on a regular basis, understanding the power of humble beginning. Before now I had wanted to buy Bitcoin in bulk but I never had the opportunity of raising the kind of funds I was expecting. Little did I know that with my salary that is not much, I could actually invest a part of it in Bitcoin after meeting my basic needs and setting aside part of it for any emergency.
It is my plan to use Bitcoin as my retirement saving option and so far, I'm happy with how far I have come with building my Bitcoin asset.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
\
Aren't Saving and Investing are the same thing ? if you are investing then that is automatically saving for the future.
Use gambling only for fun and if you cannot manage that then never gambling at all.
Speculating ? what is the relevance of this to those 3? sorry but this one is none sense to the topic.
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Aren't Saving and Investing are the same thing ? if you are investing then that is automatically saving for the future.
Hi bitterguy
I agree, there is no clear cut distinction between these concepts.
One can take a financial decision with both motives - investing & saving - in his mind.
One decision can be good both from a saving point of view and from an investing point of view.
Some instruments suit better investing but are good for saving too, and vice versa, some other instruments suit better saving but can be used for investing too. For example, you can buy/sell gold in order to invest, gamble, save or speculate (but I think - in general - gold suits better the saving motive).
Etc. etc.
On the other hand I believe you are wrong - Saving and Investing are not the same - otherwise there wouldn't exist 35.000 results when you put "saving investing difference " into google.
For example, I read:
Saving
This is putting money aside, bit by bit.
You usually save up to pay for something specific, such as a holiday, a deposit on a home, or to cover any emergencies that might crop up (like a broken boiler).
Investing
This is taking some of your money and trying to make it grow by buying products that might increase in value over time. For example, you might invest in stocks, property, or shares in a fund.
While the gains from investing can be bigger than saving, the value of investments can go down as well as up.
https://www.moneyhelper.org.uk/en/savings/how-to-save/should-i-save-or-invest
So, what can we learn from this bitterguy
For example "Prioritize savings if you don’t have an emergency fund" and "Choose saving over investing if you’ll need the cash in the near future"
Speculating ? what is the relevance of this to those 3? sorry but this one is none sense to the topic.
In the first postings of this thread (https://www.altcoinstalks.com/index.php?topic=310959.0) I put down some distinctions - with a couple of infographics too -, it could help if you start from there bitterguy
That said, maybe you are right bitterguy, but I sense that you didn't do any research before putting down that condescending remark, so I'm not going to spend another 60 minutes trying to explain to you the relevance of Speculating to the other 3, because in order to do it I should - just for you - ... go to Google.com... search for "investing speculating difference"... "gambling speculating difference"... "saving speculating difference"... look at the result ... spend quite some time reading around ...
I'm sure our conversation would be more productive if you do it first :)
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Of all that has been . mentioned, gambling is totally different from them all, you cannot compare or bring in gambling here where there's more you could have learn or do with trading and make it not look like you're gambling with your investment, when we gambles, we loose our money but when we trade, we are investing on an asset that could be profitable and the risk is minimal to the loss we could afford when we are gambling.
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Of all that has been . mentioned, gambling is totally different from them all, you cannot compare or bring in gambling here where there's more you could have learn or do with trading and make it not look like you're gambling with your investment, when we gambles, we loose our money but when we trade, we are investing on an asset that could be profitable and the risk is minimal to the loss we could afford when we are gambling.
It is true that we must instill in ourselves and the environment around us that gambling cannot lead to wealth, which is certainly destruction. People gamble because they have extra money, and it is considered recreation, or indeed, a tradition that cannot be eliminated, but not for profit. but now it has lost its purpose; gambling is used as a livelihood to be profitable. Obviously, you are right that trading is the same as making an investment in the form of something that we sell to get more difference, which is also called profit.I agree that investing with a small risk is inversely proportional to gambling with a large risk, so you just have to choose which one to do.
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When you don't have too much money, it's best not to waste time by contributing to new projects because there is no guarantee of profit that can be obtained, at least they must remain alert when they want to make an investment and must analyze the existing project more deeply, maybe it could be Material for consideration are projects that have direct support from Binance Labs which will provide a small guarantee of profit because the support they have is a very large platform.
New projects will be always very risky to join. Although we want to join new projects, it is better to only use small money. I think we don't need to vid them at all, but we must be very careful. Many of new projects can be scams or weak projects. They can stop development any time, many people already lost money in new projects. Although the projects launched by Binance labs, always do a deep research..
- Yes, indeed, many new investors often fall victim to new projects because of their lack of knowledge about the opportunity they are entering into, which they think will help them get profit because they were just carried away by the trend and hype.
That's why doing research first is a big contribution to the investor so that the capital that they will use in a new project is not wasted, although there is something that can be said that is legitimate, so you just have to really search and find out well and know how to do it, of course. .
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Saving is what we just use to stack money that we are not yet ready to use for the main time, and this money is saved in our local bank account. It might just remain stagnant with no profit, but inflation will be affecting the value.
One thing about investing is that you will have to enjoy the profit if you make the right investment decision, like investing in the right coin. If it happens that you hold for a long time until the bull run, profit will definitely be certain, but sometimes we run into losses. This can only occur if you sell out of panic, and when the price drops, you will definitely be on the losing side, but if you hold, you can regain what you think you are losing.
For gambling, I see this as one of the most risky parts to get myself involved in. If you gamble and you lose a game, the money is gone for good, and if you continue chasing your losses, you might keep losing more games.
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Aren't Saving and Investing are the same thing ? if you are investing then that is automatically saving for the future.
Use gambling only for fun and if you cannot manage that then never gambling at all.
Speculating ? what is the relevance of this to those 3? sorry but this one is none sense to the topic.
Basically this is quite similar in the crypto space. but actually, there is a slight difference.
Well maybe this can help:
(https://talkimg.com/images/2024/02/01/k0Ynq.png)
here is the completed information:
https://www.investopedia.com/articles/investing/022516/saving-vs-investing-understanding-key-differences.asp
But the matter is is about the cryptocurrency, what's for?
Every decision will have its risk. for me, I ma doing investing in several certain cryptocurrencies like Bitcoin and also some top altcoins. Because I am not taking high risk, so , it will be better to go to those kind of cryptocurrencies. And am doing investing with long term holding, so this is good for me to not thinking about the price fluctuation in the market, except that focusing for the bullish era later.
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Of all that has been . mentioned, gambling is totally different from them all, you cannot compare or bring in gambling here where there's more you could have learn or do with trading and make it not look like you're gambling with your investment, when we gambles, we loose our money but when we trade, we are investing on an asset that could be profitable and the risk is minimal to the loss we could afford when we are gambling.
You're right. Gambling is very different with saving and investing. When we gamble, we have no idea about the result because it relies on the luck. But when we investing or saving, we know how to analyze the results. We have some ways to increase the chance to succeed in these things. That's why learning become a very important part of saving and investing. But in gambling, we don't need to learn anything, specifically for luck-based games.
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Of all that has been . mentioned, gambling is totally different from them all, you cannot compare or bring in gambling here where there's more you could have learn or do with trading and make it not look like you're gambling with your investment, when we gambles, we loose our money but when we trade, we are investing on an asset that could be profitable and the risk is minimal to the loss we could afford when we are gambling.
You're right. Gambling is very different with saving and investing. When we gamble, we have no idea about the result because it relies on the luck. But when we investing or saving, we know how to analyze the results. We have some ways to increase the chance to succeed in these things. That's why learning become a very important part of saving and investing. But in gambling, we don't need to learn anything, specifically for luck-based games.
Investment is the point when you are trapped at a high price and there is no other choice but to lose, cut losses, or stay afloat. When you are trapped in a coin with potential like Bitcoin, it is not a problem because the price will definitely go up again, but if you are trapped in an altcoin, it will make you lose all the value of your assets because it is difficult to increase prices without clear use of the product. Gambling is a game that can make you rich instantly but can also make you poor instantly, which means the risk of loss is higher than trading.
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I personally have been saving money mainly in Bitcoin through the DCA method. I consider this method effective because it allow me to buy with my small investment budget on a regular basis, understanding the power of humble beginning.
When you put money in Bitcoin, you are investing your money. It isn't a type of savings. ;)
DCA is a good method as long as you understand how to do it properly. Sure, we must have certain way to optimize it if we have limited funds. I also sometimes do DCA, but I don't do it continuously.
It is my plan to use Bitcoin as my retirement saving option and so far, I'm happy with how far I have come with building my Bitcoin asset.
So do you plan to keep your Bitcoin until you have retired from your current job in real life? It is a good idea but I think you don't rely on Bitcoin only. Get other investment for your retirement assets. Land and gold are also interesting assets to have. Why don't consider to have them as well.
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Most crypto communities know that the main reason for those entering this industry is to look for investments that will help grow investors' capital in the future. Of course, when the purchased crypto coins are correct and legitimately have potential, investors will make a profit.
Now, where can investors buy potential crypto assets? I see only two possible sources for that: first from the trading platform, either Cex or Dex, and second from the new campaign projects, although the risk level is high when buying investment in new projects.
It's interesting when we try to invest in new projects. Of course the risk is very high and it is not uncommon to fail in investing in new projects. We must really use more money because if we fail it will not be something that burdens us. Disappointed for sure, but at least it doesn't make our finances worse.
I did it several times, the results were successful, some were ordinary and some failed and had to lose money. But I am quite satisfied because I can learn a lot from the experience. Indirectly it can hone our ability to analyze new projects that will be useful for analyzing other new projects.
- I have never had the experience of investing in a new project. Although I have always read and know that the risk is
high, there is a lot to consider before we release money to new projects that appear in the crypto space.
The others analyze first before they invest through the various speculations of other communities here, and when they prove and find out the potential of this, then of course they will decide when they will release money for the new projects they see.
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It's interesting when we try to invest in new projects. Of course the risk is very high and it is not uncommon to fail in investing in new projects. We must really use more money because if we fail it will not be something that burdens us. Disappointed for sure, but at least it doesn't make our finances worse.
I did it several times, the results were successful, some were ordinary and some failed and had to lose money. But I am quite satisfied because I can learn a lot from the experience. Indirectly it can hone our ability to analyze new projects that will be useful for analyzing other new projects.
- I have never had the experience of investing in a new project. Although I have always read and know that the risk is
high, there is a lot to consider before we release money to new projects that appear in the crypto space.
The others analyze first before they invest through the various speculations of other communities here, and when they prove and find out the potential of this, then of course they will decide when they will release money for the new projects they see.
Whether or not we invest in a new project is entirely our choice. If we can bear all the risks, then there is nothing wrong with trying to invest in new projects, but if we are not brave enough to take risks, then it is beter to invest in projects that are also clear.
I like new challenges, I like taking risks, which is why on several occasions I have taken calculated risks. Of course, I also don't dare to take risks if I don't have enough capital to lose, because it would be suicidal to use money for other needs.
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I think saving in cryptocurrency, Bitcoin to be precise, is also the same thing as investment in Bitcoin. Although, in definition, they quite mean different things, but in a common sense, if you used your money to purchase Bitcoin and you intend to save that money for a long time, it serves two purposes, which are your savings and also your investment. Bitcoin is a digital money.
With the above statement being made, I can say that I have done most of the things you listed. I gamble, but not with cryptocurrency. Trading can not be seen as gambling, unless for a trader who buys cryptocurrency and deposits it in his casino account for the purpose of gambling.
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Whether or not we invest in a new project is entirely our choice. If we can bear all the risks, then there is nothing wrong with trying to invest in new projects, but if we are not brave enough to take risks, then it is beter to invest in projects that are also clear.
I like new challenges, I like taking risks, which is why on several occasions I have taken calculated risks. Of course, I also don't dare to take risks if I don't have enough capital to lose, because it would be suicidal to use money for other needs.
When investing in a project, I will only choose a few projects that have potential, and of course I will do research first to determine whether the project is good or not, because so far not many new projects have been successful, and of course you have to remain alert because of the risks. There will always be losses.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
All these words are very related to cryptocurrency. Generally if I deposit in bitcoin and keep it for long then benefit will be earned from here. This is why I say deposit is most important in real and cryptocurrency or any field. Deposits should be given top priority for future planning of people's lives.
Investment, Speculation, Gambling these three are very important nowadays. Those who are currently in the cryptocurrency world are most associated with these three words. Usually Bitcoin I have invested and done a lot of research and speculation on it and have long indulged in gambling fun.
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Whether or not we invest in a new project is entirely our choice. If we can bear all the risks, then there is nothing wrong with trying to invest in new projects, but if we are not brave enough to take risks, then it is beter to invest in projects that are also clear.
I like new challenges, I like taking risks, which is why on several occasions I have taken calculated risks. Of course, I also don't dare to take risks if I don't have enough capital to lose, because it would be suicidal to use money for other needs.
When investing in a project, I will only choose a few projects that have potential, and of course I will do research first to determine whether the project is good or not, because so far not many new projects have been successful, and of course you have to remain alert because of the risks. There will always be losses.
Yes, of course, one of the things we have to do before investing in a new project, we also have to do research on the project. If you don't do that and just rely on luck, that to me is the same as gambling.
There are a lot of new projects now and maybe only a few of them end up succeeding. Not all will succeed and not all will fail, that's how I feel so far.
It is also not uncommon for me to be wrong in analyzing, yes at the time of analyzing I said the project was good enough to invest in, but in reality it became a failed project.
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... and have long indulged in gambling fun.
;D ;D ;D
Papusha my friend
(https://i.ibb.co/yqNs4BL/2.png)
so, who is that one dirty crypto speculator in the forum?
;D
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Whether or not we invest in a new project is entirely our choice. If we can bear all the risks, then there is nothing wrong with trying to invest in new projects, but if we are not brave enough to take risks, then it is beter to invest in projects that are also clear.
I like new challenges, I like taking risks, which is why on several occasions I have taken calculated risks. Of course, I also don't dare to take risks if I don't have enough capital to lose, because it would be suicidal to use money for other needs.
Yes, it totally depends on ourselves to invest in new projects or not. It is not a really bad idea to try luck on the new projects but we must make sure to use small funds. Most funds must be put on the secure coins for investment, it can be Bitcoin or Ethereum. New projects is very clear high risks, we can't rely on them to have secure investment.
You have a good mentality if you are brave to invest in new projects. But you don't choose new projects carelessly. You must do analysis to choose most potential new projects.
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When investing in a project, I will only choose a few projects that have potential, and of course I will do research first to determine whether the project is good or not, because so far not many new projects have been successful, and of course you have to remain alert because of the risks. There will always be losses.
In order to avoid losses that could occur, of course, what you do is the best way for all investors to do it.choosing a project that has the potential to make a contribution to the holder, but of course with accurate analysis before actually putting the funds there, although I have to admit that it is certainly not easy to do research on new projects. because so far, what we often hear is that many new projects end up being fraudulent, so stay alert if you believe you want to invest there.
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Whether or not we invest in a new project is entirely our choice. If we can bear all the risks, then there is nothing wrong with trying to invest in new projects, but if we are not brave enough to take risks, then it is beter to invest in projects that are also clear.
I like new challenges, I like taking risks, which is why on several occasions I have taken calculated risks. Of course, I also don't dare to take risks if I don't have enough capital to lose, because it would be suicidal to use money for other needs.
Yes, it totally depends on ourselves to invest in new projects or not. It is not a really bad idea to try luck on the new projects but we must make sure to use small funds. Most funds must be put on the secure coins for investment, it can be Bitcoin or Ethereum. New projects is very clear high risks, we can't rely on them to have secure investment.
You have a good mentality if you are brave to invest in new projects. But you don't choose new projects carelessly. You must do analysis to choose most potential new projects.
When it comes to those options above then i do see that gambling is something that should be separated if you do really mean into yourself on trying out to have a progressive life when it comes to financial state on which we know that gambling could be fucked you up on the time that you would really be having that kind of constant losses on which we know that it is really that highly probable that it could really happen. This is why it would really be important that it should really be separated because investment and gambling is different.
Save and invest if you are really that maindful about your future and gambling if you do seek for leisure which it is really just that simple as that.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Basically with my crypto currency I invest on the three things you mentioned. Especially investing and trading these two are my regular work and rest gambling is not my casual thing but I sometimes involve myself in gambling for entertainment. But lately I'm more interested in investing than trading because this is the best time to invest in bitcoin and I think this market may not be available for bitcoin investment before halving.
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Whether or not we invest in a new project is entirely our choice. If we can bear all the risks, then there is nothing wrong with trying to invest in new projects, but if we are not brave enough to take risks, then it is beter to invest in projects that are also clear.
I like new challenges, I like taking risks, which is why on several occasions I have taken calculated risks. Of course, I also don't dare to take risks if I don't have enough capital to lose, because it would be suicidal to use money for other needs.
Yes, it totally depends on ourselves to invest in new projects or not. It is not a really bad idea to try luck on the new projects but we must make sure to use small funds. Most funds must be put on the secure coins for investment, it can be Bitcoin or Ethereum. New projects is very clear high risks, we can't rely on them to have secure investment.
You have a good mentality if you are brave to invest in new projects. But you don't choose new projects carelessly. You must do analysis to choose most potential new projects.
Yes that's right, we must have a strong mentality in investing in new projects, not only that but we also have to do in-depth research, even though later it could be a loss, but it is a business step that we must do before really putting our money into the project.
Minimal money and also we must really consider that money as lost money, why? because if later the project we invest in fails we will not regret it because from the beginning we were ready to lose our money.
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Basically with my crypto currency I invest on the three things you mentioned. Especially investing and trading these two are my regular work and rest gambling is not my casual thing but I sometimes involve myself in gambling for entertainment. But lately I'm more interested in investing than trading because this is the best time to invest in bitcoin and I think this market may not be available for bitcoin investment before halving.
Hi Altcoin
I'm not a crypto person so I can't judge the effects of this halving.
But you make a good point: there are periods which are more investment-friendly and there are periods that are more suitable for other kinds of crypto activity
Btw
(https://i.ibb.co/w0bKPfS/2.png)
#100 posting
+1 karma from me :D
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
What things you are mentioning those all activities I have done with my cryptocurrencies. But I am not that kind of hardcore gambler but I have played it with cryptocurrency.
And if I talk about the saving and Investing then I wanna say that I doing doing both at once on crypto currency like I have already make a long-term strategy for bitcoin holding. I am trying to invest at least 40$ in a month and that's the amount I have also saving in bitcoin.
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Having all kinds of possibilities, also makes you a bit harder to focus. When someone is given just one thing then they could become great at that one thing, but they are given a choice, they will always keep thinking what if they picked the wrong then and sometimes they will even switch, so not be good at one thing but decent at two, which may work at times but could ruin your finances in other times. This is why I think it should be important to focus on what you could do with what you have. I personally believe that the best thing to do right now would be picking one, and mastering that one, just not gambling because that's bad.
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What things you are mentioning those all activities I have done with my cryptocurrencies. But I am not that kind of hardcore gambler but I have played it with cryptocurrency.
And if I talk about the saving and Investing then I wanna say that I doing doing both at once on crypto currency like I have already make a long-term strategy for bitcoin holding. I am trying to invest at least 40$ in a month and that's the amount I have also saving in bitcoin.
I never gambled, I still can avoid the desire to do this. ;D
Saving, trading, and investing have been done, the same as you. I think most people also have done these because they are the common things in our life. Only gambling that may not be done by some people.
It is great that you can spend $40 monthly to invest in Bitcoin. If you did it since the early of bearish season, you already have good number of Bitcoin now. How long you plan to keep your Bitcoin? Do you plan to sell the Bitcoin in the bullrun season?
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I never gambled, I still can avoid the desire to do this. ;D
Saving, trading, and investing have been done, the same as you. I think most people also have done these because they are the common things in our life. Only gambling that may not be done by some people.
Of course, it is not easy to protect yourself from the desire not to gamble because we cannot take gambling lightly because it can become an addiction, which is difficult to get rid of. Luckily, you only save, invest, and trade because the goal is to improve the economy. especially if investing in crypto can provide more hope than just saving or making deposits.because when the time is bullish, we can sell all our savings to get a profit, which is certainly quite good.
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I never gambled, I still can avoid the desire to do this. ;D
Saving, trading, and investing have been done, the same as you. I think most people also have done these because they are the common things in our life. Only gambling that may not be done by some people.
Of course, it is not easy to protect yourself from the desire not to gamble because we cannot take gambling lightly because it can become an addiction, which is difficult to get rid of. Luckily, you only save, invest, and trade because the goal is to improve the economy. especially if investing in crypto can provide more hope than just saving or making deposits.because when the time is bullish, we can sell all our savings to get a profit, which is certainly quite good.
It is very rare nowadays for people to avoid gambling. Therefore, I appreciate and really appreciate people who have succeeded in not touching gambling.
Having savings and then investing them is indeed a good step to grow our assets so that they bring maximum profits in the future. Meanwhile, just keeping our money as savings will only cause our money to decrease in value due to inflation. Because even though inflation is not at a high level, even normal inflation can cause the value of money to continue to decline from year to year. For this reason, saving is only temporary and after it has been accumulated, it will be wiser to take the savings and invest it in several investment instruments. Such as physical assets such as real estate and the like and we can also put some of them into the most trusted crypto assets such as bitcoin. It's just that one thing we have to avoid is saving our capital in one investment instrument. Because it's risky. So it would be better if we understand investment diversification.
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What things you are mentioning those all activities I have done with my cryptocurrencies. But I am not that kind of hardcore gambler but I have played it with cryptocurrency.
And if I talk about the saving and Investing then I wanna say that I doing doing both at once on crypto currency like I have already make a long-term strategy for bitcoin holding. I am trying to invest at least 40$ in a month and that's the amount I have also saving in bitcoin.
Hi CL
I like the idea of investing regularly in an asset.
Unite Cost Averaging (https://www.moneyland.ch/en/unit-cost-averaging-definition):
"In investment, the term unit cost averaging denotes an investment strategy in which the total amount available for investment is broken up into a number of equal portions which are invested at regular intervals.
Unit cost averaging is used to reduce the risk of making a full investment under unfavorable conditions."
Regularly. Discipline.
Had I followed that strategy I would have more now...
"What things you are mentioning those all activities I have done with my cryptocurrencies"
So, which one did you vote for CL? :D
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<✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂>
"What things you are mentioning those all activities I have done with my cryptocurrencies"
So, which one did you vote for CL? :D
The Idia you have mentioned Unite Cost Averaging investment strategy seems new name for me, I will say this I idea is also good and it will work if the person is stuck to his strategy. Thank you for mentioning the link, found kindda details about the Unite Cost Averaging investment.
But for me I think Dollar cost average (DCA) strategy is more friendly for my investment because I don't have the large fund to invest at once. So for me I it is easy to do regular investment with small fund. So I will choose DCA regular invesment for the vote. :)
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I never gambled, I still can avoid the desire to do this. ;D
Saving, trading, and investing have been done, the same as you. I think most people also have done these because they are the common things in our life. Only gambling that may not be done by some people.
Of course, it is not easy to protect yourself from the desire not to gamble because we cannot take gambling lightly because it can become an addiction, which is difficult to get rid of. Luckily, you only save, invest, and trade because the goal is to improve the economy. especially if investing in crypto can provide more hope than just saving or making deposits.because when the time is bullish, we can sell all our savings to get a profit, which is certainly quite good.
It is very rare nowadays for people to avoid gambling. Therefore, I appreciate and really appreciate people who have succeeded in not touching gambling.
Having savings and then investing them is indeed a good step to grow our assets so that they bring maximum profits in the future. Meanwhile, just keeping our money as savings will only cause our money to decrease in value due to inflation. Because even though inflation is not at a high level, even normal inflation can cause the value of money to continue to decline from year to year. For this reason, saving is only temporary and after it has been accumulated, it will be wiser to take the savings and invest it in several investment instruments. Such as physical assets such as real estate and the like and we can also put some of them into the most trusted crypto assets such as bitcoin. It's just that one thing we have to avoid is saving our capital in one investment instrument. Because it's risky. So it would be better if we understand investment diversification.
You are right, we are people who will always see things from the most optimal point of view so that our money grows, when we invest, we have faith that things will turn out well and that we can make a difference if our investment is They mean that the benefits are very large, so looking at things, for me the best investment for anything is bitcoin, there is no other option, it may suffer some falls, because we don't know what things are. They are completely capable of doing anything at any given time, but I am sure of one thing, Bitcoin will have a new ATH, the last ATH was close to $70k and now it could possibly be at a higher level when it happens , but the question here is when? Well, I could say that this will happen in less than 2 years, according to what I have seen of patterns and according to the behavior of Bitcoin.
It's not a sure thing, because anything can happen in the market, but basically things can be like that.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
I would choose investments for this, choosing cryptocurrency coins that have good potential. collect money every day then enter the cryptocurrency market to buy and invest.
I know the growth of this cryptocurrency is very rapid, the potential for making profits here is quite large. We must be clever in taking advantage of conditions like this.
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I would choose investments for this, choosing cryptocurrency coins that have good potential. collect money every day then enter the cryptocurrency market to buy and invest.
I know the growth of this cryptocurrency is very rapid, the potential for making profits here is quite large. We must be clever in taking advantage of conditions like this.
Investment is the main option of everyone. But I think some people also try to trade crypto coins. Do you must have the interest to gain money from trading, right? If you want to get money daily, trading is the best option. You won't take profits from your investment daily, it should be for few months or years.
Yes, the chance to take profits is good as long as we are in the bullish season. Moreover if we have many good news in the future, it will trigger the price of crypto coins to increase more. Then, we can get more profits.
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Having savings and then investing them is indeed a good step to grow our assets so that they bring maximum profits in the future. Meanwhile, just keeping our money as savings will only cause our money to decrease in value due to inflation. Because even though inflation is not at a high level, even normal inflation can cause the value of money to continue to decline from year to year. For this reason, saving is only temporary and after it has been accumulated, it will be wiser to take the savings and invest it in several investment instruments. Such as physical assets such as real estate and the like and we can also put some of them into the most trusted crypto assets such as bitcoin. It's just that one thing we have to avoid is saving our capital in one investment instrument. Because it's risky. So it would be better if we understand investment diversification.
You are right, we are people who will always see things from the most optimal point of view so that our money grows, when we invest, we have faith that things will turn out well and that we can make a difference if our investment is They mean that the benefits are very large, so looking at things, for me the best investment for anything is bitcoin, there is no other option, it may suffer some falls, because we don't know what things are. They are completely capable of doing anything at any given time, but I am sure of one thing, Bitcoin will have a new ATH, the last ATH was close to $70k and now it could possibly be at a higher level when it happens , but the question here is when? Well, I could say that this will happen in less than 2 years, according to what I have seen of patterns and according to the behavior of Bitcoin.
It's not a sure thing, because anything can happen in the market, but basically things can be like that.
In this type of digital investment I also only trust bitcoin if it is for the long term. Because historically, Bitcoin's movement has always made a new ATH every time the Bitcoin Halving has passed. And that didn't happen in just one period but in almost all Bitcoin Halving periods. And yes, this is not a certain thing, but we do have to learn from the history of Bitcoin's movement in the market, which always does not disappoint those who are Bitcoin Hodlers themselves.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Some people will find it difficult differentiating between the options in the poll because they are all highly related. Everyone of them has their own risk. But for me I have two options and theu are;
Trading would have been a good option to replace either saving or investing, but it is difficult
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I would choose investments for this, choosing cryptocurrency coins that have good potential. collect money every day then enter the cryptocurrency market to buy and invest.
I know the growth of this cryptocurrency is very rapid, the potential for making profits here is quite large. We must be clever in taking advantage of conditions like this.
Investment is the main option of everyone. But I think some people also try to trade crypto coins. Do you must have the interest to gain money from trading, right? If you want to get money daily, trading is the best option. You won't take profits from your investment daily, it should be for few months or years.
Yes, the chance to take profits is good as long as we are in the bullish season. Moreover if we have many good news in the future, it will trigger the price of crypto coins to increase more. Then, we can get more profits.
Actually trading can be an option to make a profit every day, but unfortunately I've been busy lately in real life. So I can't focus and have minimal time to do analysis. For people who are active in cryptocurrency trading, it can certainly be a good choice to make profits every day.
Moreover, if we can get the right moment to buy and sell coins, it will definitely be very fun.
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Some people will find it difficult differentiating between the options in the poll because they are all highly related. Everyone of them has their own risk. But for me I have two options and theu are;
Trading would have been a good option to replace either saving or investing, but it is difficult
Hi KD,
I can feel you.
I would have the same difficulties like you if someone asked me to give a name to what I do with precious metals :D
I would say, mostly investing... but also...
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In this type of digital investment I also only trust bitcoin if it is for the long term. Because historically, Bitcoin's movement has always made a new ATH every time the Bitcoin Halving has passed. And that didn't happen in just one period but in almost all Bitcoin Halving periods. And yes, this is not a certain thing, but we do have to learn from the history of Bitcoin's movement in the market, which always does not disappoint those who are Bitcoin Hodlers themselves.
So you didn't invest in other crypto coins? And you also do not invest in other digital investment? :-\
If you want to get maximum profits, you need to try investing in altcoins. You don't need to feel afraid because some altcoins have good fundamentals. It is not so different with Bitcoin that can have the new ATH in every 4 years (bullish season). Altcoins also can have high prices in the altcoins season.
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Some people will find it difficult differentiating between the options in the poll because they are all highly related. Everyone of them has their own risk. But for me I have two options and theu are;
Trading would have been a good option to replace either saving or investing, but it is difficult
But indeed, the choice you make "Investment" is the most popular choice and is indeed the most preferred, something that many people seem to do often nowadays. Of course, the available options are almost related to each other.But maybe it's just gambling and speculation that can hardly be differentiated because they are almost the same, in my opinion.
Trading is indeed very promising if you can do it well and know how to trade well. If you make a mistake, of course there are tremendous risks, although if you succeed, it is also very profitable. It's all up to you to decide what's best.
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~
If you want to get maximum profits, you need to try investing in altcoins. You don't need to feel afraid because some altcoins have good fundamentals. It is not so different with Bitcoin that can have the new ATH in every 4 years (bullish season). Altcoins also can have high prices in the altcoins season.
agree, Invest in altcoin is more profitable than bitcoin but also more risk. But I invested in both, because crypto currency is unpredictable and almost all altcoina follow bitcoin performance. I always see and learn price movements before invest. If I confident at bitcoin and potential, I will buy and hold for several months.
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But maybe it's just gambling and speculation that can hardly be differentiated because they are almost the same, in my opinion.
In my opinion too yohana, but as you say, almost the same :D
(https://i.ibb.co/wJk44Sz/6.png)
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In this type of digital investment I also only trust bitcoin if it is for the long term. Because historically, Bitcoin's movement has always made a new ATH every time the Bitcoin Halving has passed. And that didn't happen in just one period but in almost all Bitcoin Halving periods. And yes, this is not a certain thing, but we do have to learn from the history of Bitcoin's movement in the market, which always does not disappoint those who are Bitcoin Hodlers themselves.
So you didn't invest in other crypto coins? And you also do not invest in other digital investment? :-\
If you want to get maximum profits, you need to try investing in altcoins. You don't need to feel afraid because some altcoins have good fundamentals. It is not so different with Bitcoin that can have the new ATH in every 4 years (bullish season). Altcoins also can have high prices in the altcoins season.
For the long term (5-10 years or more) I do choose to invest in bitcoin only if it's about digital assets. But for the short term and medium term (1-5 years) I also invest in altcoins. I even split the investment capital in altcoins into quite a lot. Because I am always eager to enter all types of altcoins that exist. Because in altcoins we do have many types and this can make us get maximum profit in the medium or short term if we know and follow the existing narrative. But my favourite in altcoins remains only in Layer 1 and AI projects. But I also invest or trade in other categories but not much.
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For the long term (5-10 years or more) I do choose to invest in bitcoin only if it's about digital assets. But for the short term and medium term (1-5 years) I also invest in altcoins. I even split the investment capital in altcoins into quite a lot. Because I am always eager to enter all types of altcoins that exist. Because in altcoins we do have many types and this can make us get maximum profit in the medium or short term if we know and follow the existing narrative. But my favourite in altcoins remains only in Layer 1 and AI projects. But I also invest or trade in other categories but not much.
Investments in crypto assets represent a diversified strategy based on different economic conditions. Choosing Bitcoin for long-term investment is the right choice because Bitcoin is usually considered digital gold and has a reputation as the first crypto asset with the most widespread adoption. On the other hand, investing in altcoins for the short and medium term can provide higher profit potential, although with greater risk, considering their high volatility and market conditions that often depend on Bitcoin price movements and the products being developed.
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For the long term (5-10 years or more) I do choose to invest in bitcoin only if it's about digital assets. But for the short term and medium term (1-5 years) I also invest in altcoins. I even split the investment capital in altcoins into quite a lot. Because I am always eager to enter all types of altcoins that exist. Because in altcoins we do have many types and this can make us get maximum profit in the medium or short term if we know and follow the existing narrative. But my favourite in altcoins remains only in Layer 1 and AI projects. But I also invest or trade in other categories but not much.
Investments in crypto assets represent a diversified strategy based on different economic conditions. Choosing Bitcoin for long-term investment is the right choice because Bitcoin is usually considered digital gold and has a reputation as the first crypto asset with the most widespread adoption. On the other hand, investing in altcoins for the short and medium term can provide higher profit potential, although with greater risk, considering their high volatility and market conditions that often depend on Bitcoin price movements and the products being developed.
When it comes to investment then it would really be just that depending on someones decision and approach on which not all would really be that mindful about investing and doing some business but rather they would really be focusing on neither trading or any other ventures. This is why it would be best that you should really be following and focusing into the things on which
it could bring out that kind of benefit on which it would really be better that you should really be that focusing or putting up attention to that.
Saving? Investing? Trading? Gambling? It would really be that depending on you on which you should really be choosing on whats best or suits you out.
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For the long term (5-10 years or more) I do choose to invest in bitcoin only if it's about digital assets. But for the short term and medium term (1-5 years) I also invest in altcoins. I even split the investment capital in altcoins into quite a lot. Because I am always eager to enter all types of altcoins that exist. Because in altcoins we do have many types and this can make us get maximum profit in the medium or short term if we know and follow the existing narrative. But my favourite in altcoins remains only in Layer 1 and AI projects. But I also invest or trade in other categories but not much.
Investments in crypto assets represent a diversified strategy based on different economic conditions. Choosing Bitcoin for long-term investment is the right choice because Bitcoin is usually considered digital gold and has a reputation as the first crypto asset with the most widespread adoption. On the other hand, investing in altcoins for the short and medium term can provide higher profit potential, although with greater risk, considering their high volatility and market conditions that often depend on Bitcoin price movements and the products being developed.
Well, at least in Bitcoin we have seen a track record of BTC prices continuing to increase every time the halving occurs. And this is what triggered me to continue investing long term in bitcoin. But still, sometimes I can also get the highest profits from altcoins, either in medium-term investments or in trading. Because taking advantage of altcoin volatility becomes easier if we understand how to analyze their price movements based on events that will occur. But yes, of course with greater risks. So taking advantage of volatility sometimes also requires quick steps and decisions. Because if we are late in entering or leaving then we could end up not making a profit. And if we are too hasty and become FOMO, we shouldn't do it because this also means that we won't be able to make a profit unless we are lucky.
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I'm a trader that do daily trading, but just spot trading, not future or other. I'm not a professional, just doing trade in my spare time. I also hold several potential altcoins, but bitcoin is priority. So, I think as trader and holder are good way to earn profit in crypto word. I don't have knowledge as investor, maybe next time.
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I'm a trader that do daily trading, but just spot trading, not future or other. I'm not a professional, just doing trade in my spare time. I also hold several potential altcoins, but bitcoin is priority. So, I think as trader and holder are good way to earn profit in crypto word. I don't have knowledge as investor, maybe next time.
Whatever you do is done out of desire and effort that you can do, and of course it is very good, and there are no problems. The most important thing is that you do it with the intention of making a profit. Everyone will gradually be able to achieve something, but by holding several potential altcoins and Bitcoin as one of the desires to continue to try to get better in the future, you will be able to become a reliable investor in the future.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
I would say I am more into saving, as I consider myself a HODLer. So saving is one choice for me and then the 2nd one is investing. First I invest in coins and then Hodl is for saving. This is a more secure approach to crypto in my opinion. Speculating? Not a fan. Gambling? too risky and it is not a proper way of making money or profit.
I like to play is safe and just keep on HODLing. No extra pressure, no hours of staring at the screen, no stress TBH. Just pick the best coin in the market that is going to stay and will make a good future and then forget about it. Don't touch it unless the target is reached. And when it does, sell to take profit. I think this has to be the easiest way.
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I would say I am more into saving, as I consider myself a HODLer. So saving is one choice for me and then the 2nd one is investing. First I invest in coins and then Hodl is for saving. This is a more secure approach to crypto in my opinion. Speculating? Not a fan. Gambling? too risky and it is not a proper way of making money or profit.
I like to play is safe and just keep on HODLing. No extra pressure, no hours of staring at the screen, no stress TBH. Just pick the best coin in the market that is going to stay and will make a good future and then forget about it. Don't touch it unless the target is reached. And when it does, sell to take profit. I think this has to be the easiest way.
Saving/hodling looks like the non-stress strategy for people who like to enjoy life :D
"Just pick the best coin in the market that is going to stay..." yes, once that's taken care of, it's downhill from there.
Which criteria do you apply in order to choose the coins you save into?
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"Just pick the best coin in the market that is going to stay..." yes, once that's taken care of, it's downhill from there.
Which criteria do you apply in order to choose the coins you save into?
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. For this reason, I try to pick the most recognizable and reputable one. As you may have already guessed, it is BTC. First of all, it is decentralized, secondly, it has been here for over a decade and it created a good reputation for it. And lastly, Even if you make a loss by buying at the top, you will get more opportunities in the future to turn that loss into a profit.
There aren't any actual losses in BTC investment if you know what you are doing.
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Saving/hodling looks like the non-stress strategy for people who like to enjoy life "Just pick the best coin in the market that is going to stay..." yes, once that's taken care of, it's downhill from there.Which criteria do you apply in order to choose the coins you save into?
The coins in my criteria are top coins, yeah absolutely yes. Top coins are always my favourite coins for holding. The number choice is bitcoin. Ethereum, BNB, XRP, SOL and DOT are my other coin which I save in my wallet.
I just hold the potential coins, not do trading and investing in project.
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The coins in my criteria are top coins, yeah absolutely yes. Top coins are always my favourite coins for holding. The number choice is bitcoin. Ethereum, BNB, XRP, SOL and DOT are my other coin which I save in my wallet.
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. For this reason, I try to pick the most recognizable and reputable one.
In other words you both follow the blue chips strategy,
which is reasonable if one believes in the sector - in this case the cryptocurrency sector as a whole - those blue chips are representative of.
(https://m.foolcdn.com/media/dubs/images/blue-chip-stocks-infographic.width-880.png)
... mindless freak ;D
I read your " the more you go in, the harder it becomes to get out" and I was remembered of a similar, famous line ...
we've gotta get in to get out
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The coins in my criteria are top coins, yeah absolutely yes. Top coins are always my favourite coins for holding. The number choice is bitcoin. Ethereum, BNB, XRP, SOL and DOT are my other coin which I save in my wallet.
I just hold the potential coins, not do trading and investing in project.
I like your way of thinking because, by buying coins that are at the top, as you mentioned, the risk is very small compared to new token projects where there is no guarantee of profit, but you have to be careful because not all coins are at the top. can provide profits quickly, and for me, only Bitcoin provides a guarantee of profits for those who are able to hold it for a very long time.
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I always take an initiative that will try to take me to a better level in the future. And that's why I plan to invest in cryptocurrency and it seems to me the best and risk-free business. Also though saving is good but it will not be much profitable in future but if invested with saved money then surely it is possible to earn good money from here in future but it is definitely better to invest in Bitcoin. And when you save you may not gain much but it will be risk free for your money. However, whenever you gamble it is possible to lose all your money and it is the most risky for you. So I will choose investment among all these because investment can be done for both short term and long term, long term investment will definitely make a lot of money so I always focus more on investment.
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I always take an initiative that will try to take me to a better level in the future. And that's why I plan to invest in cryptocurrency and it seems to me the best and risk-free business. Also though saving is good but it will not be much profitable in future but if invested with saved money then surely it is possible to earn good money from here in future but it is definitely better to invest in Bitcoin. And when you save you may not gain much but it will be risk free for your money. However, whenever you gamble it is possible to lose all your money and it is the most risky for you. So I will choose investment among all these because investment can be done for both short term and long term, long term investment will definitely make a lot of money so I always focus more on investment.
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.
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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.
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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 ...
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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 :D
https://x.com/naiivememe/status/1770831564512838012?s=20 (https://x.com/naiivememe/status/1770831564512838012?s=20)
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
Sometimes we have difficulty determining the right time to enter a cheap price because we don't know the support price or we don't see the condition of the exchange because we are busy with work in the world. That's what ultimately made me just open an order at a cheap price and keep waiting until my purchase target was reached.
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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.
Sometimes we have difficulty determining the right time to enter a cheap price because we don't know the support price or we don't see the condition of the exchange because we are busy with work in the world. That's what ultimately made me just open an order at a cheap price and keep waiting until my purchase target was reached.
It is quite difficult to determine where the lowest point of a price in the market is, and I don't think anyone can determine that with accurate predictions but only close.
You are doing something good by placing a purchase order until the price we want is reached. I also use this method because I have other jobs in the real world that require me to not always be able to pay attention to the market, and this method is indeed effective even though sometimes the price I want is not reached and the market turns around again before touching my purchase order.
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Sometimes we have difficulty determining the right time to enter a cheap price because we don't know the support price or we don't see the condition of the exchange because we are busy with work in the world. That's what ultimately made me just open an order at a cheap price and keep waiting until my purchase target was reached.
There is no way you will ever know the real supports to buy Bitcoin and while.you wait for the price to reach a particular price, you could miss out buying when the price is going lower, this is why you should do dollar cost average which is popularly known as DCA, this way you will just be buying little by little as the price continue to come down.
The more the price comes down, the more you buy and by the time the price makes a reverse upward, you will average quickly without any loss and if you buy more as it deep, you will quickly average your buying price without any loss.
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You are doing something good by placing a purchase order until the price we want is reached. I also use this method because I have other jobs in the real world that require me to not always be able to pay attention to the market, and this method is indeed effective even though sometimes the price I want is not reached and the market turns around again before touching my purchase order.
When the desired price is not reached it is commonplace, but sometimes I put at least 2 or three lowest prices so that there are some that might be achieved.
There is no need to constantly check the chart, so as not to waste time on other work.
It also depends on whether you are trading short-term, scalping or don't be medium or even long-term.
Because if you do scalping, you must stay focused on the chart and must be done quickly.
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You are doing something good by placing a purchase order until the price we want is reached. I also use this method because I have other jobs in the real world that require me to not always be able to pay attention to the market, and this method is indeed effective even though sometimes the price I want is not reached and the market turns around again before touching my purchase order.
When the desired price is not reached it is commonplace, but sometimes I put at least 2 or three lowest prices so that there are some that might be achieved.
There is no need to constantly check the chart, so as not to waste time on other work.
It also depends on whether you are trading short-term, scalping or don't be medium or even long-term.
Because if you do scalping, you must stay focused on the chart and must be done quickly.
That's the same thing I do when trading, in the short term I order 2 or 3 lowest points of the particular price I am targeting. So that we can still make a profit, even though it is not as big as the profit we expected, but at least we are not trapped in high prices. Actually, there are many strategies that we can use in trading, even though I am not a professional trader
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You are doing something good by placing a purchase order until the price we want is reached. I also use this method because I have other jobs in the real world that require me to not always be able to pay attention to the market, and this method is indeed effective even though sometimes the price I want is not reached and the market turns around again before touching my purchase order.
When the desired price is not reached it is commonplace, but sometimes I put at least 2 or three lowest prices so that there are some that might be achieved.
There is no need to constantly check the chart, so as not to waste time on other work.
It also depends on whether you are trading short-term, scalping or don't be medium or even long-term.
Because if you do scalping, you must stay focused on the chart and must be done quickly.
That's the same thing I do when trading, in the short term I order 2 or 3 lowest points of the particular price I am targeting. So that we can still make a profit, even though it is not as big as the profit we expected, but at least we are not trapped in high prices. Actually, there are many strategies that we can use in trading, even though I am not a professional trader
Yes, that is one way to reach the price we want, namely by placing 2 or 3 nets at once. This method is really popular, especially if we don't have time to continuously monitor the market. We can do other things while waiting for that price to be reached.
If we want to learn, there are actually many ways we can do to maximize the market for trading or investing in a short time. For example, this way we can make purchases at the price we want.
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Sometimes we have difficulty determining the right time to enter a cheap price because we don't know the support price or we don't see the condition of the exchange because we are busy with work in the world. That's what ultimately made me just open an order at a cheap price and keep waiting until my purchase target was reached.
By doing so you will miss most of the opportunities so if you cannot understand the market situations then at least learn about the bear and bull season as well as specific events of Bitcoin which creates bull season. You can buy when you have money and then wait for the better time when the price of Bitcoins grows more from your buying worth so you will have the ability to take profit and taking profit is everything here.
If you are such a busy person then you can take an hour to check about the price and it is not hard to use one hour for a side job in a whole day.
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Sometimes we have difficulty determining the right time to enter a cheap price because we don't know the support price or we don't see the condition of the exchange because we are busy with work in the world. That's what ultimately made me just open an order at a cheap price and keep waiting until my purchase target was reached.
By doing so you will miss most of the opportunities so if you cannot understand the market situations then at least learn about the bear and bull season as well as specific events of Bitcoin which creates bull season. You can buy when you have money and then wait for the better time when the price of Bitcoins grows more from your buying worth so you will have the ability to take profit and taking profit is everything here.
If you are such a busy person then you can take an hour to check about the price and it is not hard to use one hour for a side job in a whole day.
If you are a holder then of course you wouldnt really be that minding much on what would be your entry point since you would really be holding for long term but its true that this is something that you would really be needing up to consider because even if you do hold then you would really be finding the sweetest spot for maximum profitability but it would really be in your choice.
We do have that different approach on things on which we know that when it comes to positioning and investment decisions then we would really be that having that
different considerations which it would really differ on each person.
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Sometimes we have difficulty determining the right time to enter a cheap price because we don't know the support price or we don't see the condition of the exchange because we are busy with work in the world. That's what ultimately made me just open an order at a cheap price and keep waiting until my purchase target was reached.
If we have good knowledge, I think it won't be so difficult to determine the entry and exit time. We have 4 years cycle, it is quite clear when we must buy and we need to sell the coins. In 2022-2023 is the right time for buying but in 2024-2025 is a good time for selling coins. You can't say the cheap prices anymore in this year but it is no problem if you still want to buy coins. However, the best time for getting cheap prices, it should be in the bearish season.
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Sometimes we have difficulty determining the right time to enter a cheap price because we don't know the support price or we don't see the condition of the exchange because we are busy with work in the world. That's what ultimately made me just open an order at a cheap price and keep waiting until my purchase target was reached.
If we have good knowledge, I think it won't be so difficult to determine the entry and exit time. We have 4 years cycle, it is quite clear when we must buy and we need to sell the coins. In 2022-2023 is the right time for buying but in 2024-2025 is a good time for selling coins. You can't say the cheap prices anymore in this year but it is no problem if you still want to buy coins. However, the best time for getting cheap prices, it should be in the bearish season.
It is possible that 2026 is a bearish time so we can buy at that time to prepare for the next bullish 2028. Currently we are just waiting for a bullish top. I agree with you, we have to buy at the right time and see the behavior of crypto in the 4 year cycle
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It is possible that 2026 is a bearish time so we can buy at that time to prepare for the next bullish 2028. Currently we are just waiting for a bullish top. I agree with you, we have to buy at the right time and see the behavior of crypto in the 4 year cycle
If that's the case then this will be a very good opportunity to be enthusiastic about seeking capital so that we can buy coins when the price is cheap. I really hope that the bearish season can happen soon and I really wait for the price of bitcoin to return to $20k again.
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If we want to learn, there are actually many ways we can do to maximize the market for trading or investing in a short time. For example, this way we can make purchases at the price we want.
Quick trading or scalping requires extensive knowledge of analysis so that you can see what will happen on the next chart.
While it's not always accurate, at least it can be a pretty good guideline rather than just guessing.
Indeed, there are many ways that can be applied to maximize it, but each trader has their own way.
Trading with a short time certainly requires large capital as well so that profits are also worth it.
But determining the purchase or sale price as we want requires a strong enough mentality and good analysis.
Because it will determine whether the price can reach the specified point or not, and have a backup planing when the price is not reached.
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Sometimes we have difficulty determining the right time to enter a cheap price because we don't know the support price or we don't see the condition of the exchange because we are busy with work in the world. That's what ultimately made me just open an order at a cheap price and keep waiting until my purchase target was reached.
If we have good knowledge, I think it won't be so difficult to determine the entry and exit time. We have 4 years cycle, it is quite clear when we must buy and we need to sell the coins. In 2022-2023 is the right time for buying but in 2024-2025 is a good time for selling coins. You can't say the cheap prices anymore in this year but it is no problem if you still want to buy coins. However, the best time for getting cheap prices, it should be in the bearish season.
so true. And in fact, if we are diligent enough to make good technical analysis, such as determining support and resistance points or other things. And if we are diligent enough in reading information or looking for information for fundamental analysis then we can actually make better decisions at which price we should enter. But yeah, market conditions are sometimes difficult to predict lately. Like fud news being spread but prices going up. And positive news is spread but instead prices fall. What is clear is that we must have good financial and risk management in investing.
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If we want to learn, there are actually many ways we can do to maximize the market for trading or investing in a short time. For example, this way we can make purchases at the price we want.
Quick trading or scalping requires extensive knowledge of analysis so that you can see what will happen on the next chart.
While it's not always accurate, at least it can be a pretty good guideline rather than just guessing.
Indeed, there are many ways that can be applied to maximize it, but each trader has their own way.
Trading with a short time certainly requires large capital as well so that profits are also worth it.
But determining the purchase or sale price as we want requires a strong enough mentality and good analysis.
Because it will determine whether the price can reach the specified point or not, and have a backup planing when the price is not reached.
Yes, it all comes back to knowledge and that is not something that needs to be debated, because we will all say the same thing about the importance of knowledge when we trade or invest. Knowledge is the main capital for a trader or investor in carrying out their activities.
That's right, a trader must have a strong mentality, because if we lack mentality, then we will panic and that panic is actually dangerous for a trader because in the midst of panic it is possible to make decisions without a clear basis because we are already controlled by panic.
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I would like to say trading, but trading is not for speculating and therefore doing it as a job
just to make some extra money that I can keep for the future which I don't see as rosy
the population is aging and I don't think the pension system can last very long
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I would like to say trading, but trading is not for speculating and therefore doing it as a job
just to make some extra money that I can keep for the future which I don't see as rosy
the population is aging and I don't think the pension system can last very long
Well trading should be considered as a very serious job. And if we don't take a trade seriously and just speculate a lot in it then it will make us like a gambler. but trading is trading and not gambling. And actually, through trading, we can also get fairly consistent profits as long as we can master market analysis. And you can trade without involving a lot of emotions such as greed and excessive fear. I sometimes also trade just to get additional income outside my main job. Even though I don't always succeed, the majority of me has success in trading. And it's quite fun to do too.
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Well trading should be considered as a very serious job. And if we don't take a trade seriously and just speculate a lot in it then it will make us like a gambler. but trading is trading and not gambling. And actually, through trading, we can also get fairly consistent profits as long as we can master market analysis. And you can trade without involving a lot of emotions such as greed and excessive fear. I sometimes also trade just to get additional income outside my main job. Even though I don't always succeed, the majority of me has success in trading. And it's quite fun to do too.
If you have enough knowledge and make research firstly before trading at some coins I think large opportunity with earn profitable and its not the same with gambling. I think many trader prepare with education and researching firstly before buying some coins and trading will be their serious job to earn consistency passive income.
There are many aspects that must be considered to really make a profit in trading, apart from the educational side, you also need to control the emotional side when facing a market crash or pump. So trading has too away meaning with gambling just put the luckiness only between loss or win.
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Well trading should be considered as a very serious job. And if we don't take a trade seriously and just speculate a lot in it then it will make us like a gambler. but trading is trading and not gambling. And actually, through trading, we can also get fairly consistent profits as long as we can master market analysis. And you can trade without involving a lot of emotions such as greed and excessive fear. I sometimes also trade just to get additional income outside my main job. Even though I don't always succeed, the majority of me has success in trading. And it's quite fun to do too.
obviously and as such it is not trivial to do
you have to study and you have to gain experience and this takes a lot of time, both to study and to do tests without losing money
consequently it's not something I can do
I don't have time or money to invest in this profession and consequently I don't trade
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Saving... Investing... Speculating... Gambling all are good i think. But specific investing is better i think. Because saving is good but not profitable, on the otherhand now market position is good if anyone invest now he will be huge profitable i believe it. So my choice is investing. Todays investment will be huge profitable theere has no doubt. So i think investing is better.
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obviously and as such it is not trivial to do
you have to study and you have to gain experience and this takes a lot of time, both to study and to do tests without losing money
consequently it's not something I can do
I don't have time or money to invest in this profession and consequently I don't trade
It is a risk that traders who trade will definitely experience losses in several ways. This can also be used as an important lesson so that in the future we don't make the same mistake many times.
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Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Saving... Investing... Speculating... Gambling all are good i think. But specific investing is better i think. Because saving is good but not profitable, on the otherhand now market position is good if anyone invest now he will be huge profitable i believe it. So my choice is investing. Todays investment will be huge profitable theere has no doubt. So i think investing is better.
I totally agree with you because people's lives can change a lot from Binary and there is a possibility of overnight success. Savings, guessing, people are not likely to get much benefit from gambling. But investing has the potential to make a person rich overnight. It is possible to own a lot of money very quickly from investment but not from savings, speculation, gambling. But while gambling is possible, it is entirely based on luck and hitting the jackpot. But I will invest the most because investment can definitely change a person's life.
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It is a risk that traders who trade will definitely experience losses in several ways. This can also be used as an important lesson so that in the future we don't make the same mistake many times.
Trading is risky and everyone will definitely lose some part of their money either in the process of learning or after completing their learning as conditions and price changes in which learning does not always co-operate.
Yes we will not make the same mistakes in future but for it we have to accumulate large sums of money and should be mentally prepared that at a certain stage we will lose money and that loss should not be for making addiction but it should be for enhancing your experience.
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It is a risk that traders who trade will definitely experience losses in several ways. This can also be used as an important lesson so that in the future we don't make the same mistake many times.
No traders will always get profits, they should experience some loses. In this way, the traders got important lessons from the experience. I think no traders have perfect approaches, that's why they need improvement in the strategy of trading. Evaluating their habit in trading is one of the way to improve the strategy. So, there is no problem if a trader experiences losses several times.
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It is a risk that traders who trade will definitely experience losses in several ways. This can also be used as an important lesson so that in the future we don't make the same mistake many times.
No traders will always get profits, they should experience some loses. In this way, the traders got important lessons from the experience. I think no traders have perfect approaches, that's why they need improvement in the strategy of trading. Evaluating their habit in trading is one of the way to improve the strategy. So, there is no problem if a trader experiences losses several times.
Profiting from trading is as easy as it is difficult. A professional trader has a very good knowledge about the market because he always researches it, so if the market does not appear unstable for any reason, they can profit. Because they do deep research on the market and can predict its movement. But they don't always make profit, sometimes they also lose. Trading should be done with patience and without panic, if you are patient with a cool head, you can make good income here.
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It is a risk that traders who trade will definitely experience losses in several ways. This can also be used as an important lesson so that in the future we don't make the same mistake many times.
eh ok, but it is not easy being a tradermany approach how they understood everything by watching a single video on the internet or youtube, it doesnt work that waytrading is done with experience and an excellent dose of luckwhich I dont have, I dont have the time to learn through luck, so I just watch who trades, better
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obviously and as such it is not trivial to do
you have to study and you have to gain experience and this takes a lot of time, both to study and to do tests without losing money
consequently it's not something I can do
I don't have time or money to invest in this profession and consequently I don't trade
It is a risk that traders who trade will definitely experience losses in several ways. This can also be used as an important lesson so that in the future we don't make the same mistake many times.
Not repeating the mistake doesn't mean you will be on the profitable side, you still can be on the loss cause the price is affected due to different factors and the volatility nature just add more fuel to anything that we do before even we realize what is happening.
I see cryptos as an investment and as well a tool that has the magic to bring the decentralization which was never been in our hands for centuries.
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obviously and as such it is not trivial to do
you have to study and you have to gain experience and this takes a lot of time, both to study and to do tests without losing money
consequently it's not something I can do
I don't have time or money to invest in this profession and consequently I don't trade
It is a risk that traders who trade will definitely experience losses in several ways. This can also be used as an important lesson so that in the future we don't make the same mistake many times.
Not repeating the mistake doesn't mean you will be on the profitable side, you still can be on the loss cause the price is affected due to different factors and the volatility nature just add more fuel to anything that we do before even we realize what is happening.
I see cryptos as an investment and as well a tool that has the magic to bring the decentralization which was never been in our hands for centuries.
Cryptocurrency was actually not created for investment, even Satoshi Nakamoto also disagrees if people consider cryptocurrency as a place for investment because the main purpose of cryptocurrency is to be used as an alternative transaction to replace fiat money and not as an investment.
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It is a risk that traders who trade will definitely experience losses in several ways. This can also be used as an important lesson so that in the future we don't make the same mistake many times.
undoubtedly there are risks, but those who do not do it professionally and have no experience simply do not know how to mitigate these risks and therefore are unable to be efficient and effective.
For example, many don't consider that putting the STOP LOSS sign is mandatory if you don't want to lose money, they think it's superfluous, which it isn't.
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undoubtedly there are risks, but those who do not do it professionally and have no experience simply do not know how to mitigate these risks and therefore are unable to be efficient and effective.
For example, many don't consider that putting the STOP LOSS sign is mandatory if you don't want to lose money, they think it's superfluous, which it isn't.
If we use well-known exchanges such as Bitfinex, Coinbase, Binance etc. they will provide a stop loss feature which, as you said, is mandatory to minimize losses from the future trading that we do. However, when we use traditional trading, it seems that this feature is not really needed.