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Messages - elbans89

Pages: 1 [2] 3 4 ... 106
16
Cryptocurrency Trading / Re: Do professional traders lose money?
« on: March 20, 2024, 03:53:28 PM »

Without knowledge, everything we do will not produce results, especially in trading, because in trading there is a lot that we have to learn and master. We can't just rely on luck, maybe we will be lucky enough once, but in my opinion there will be more failure.

We have to understand that in the world of trading the risks are very big, if we can't afford to lose money, then it's better not to do it at all, because when we experience that it might make us regret it. So consider it carefully.

If you don't have experience and knowledge about trading, it's better to become a holder which is safer and equally profitable, because being a trader is not easy, you even have to be prepared to lose if our analysis is not correct. I tried to learn trading, but it seems I'm not very skilled at it, I still often lose.

17

Exactly right, we should not fill our heads and think about Bitcoin and Ethereum, we know these coins and we know that they will grow equally, I think that we should pay attention to the top 10-20 coins and look there, like Solana, which has grown by 1000% in six months, I think that some others can grow much more or the same.

Solana, this coin is showing good movements in the crypto market. I think we should also consider holding Solana, apart from Bitcoin, Ethereum and BNB. Currently Solana is hype and many are angry, the coin that was built as an ethereum killer, the rumors are

Yes, you are absolutely right, this coin is very popular and the most important thing is that it is very well supported by the community, which, as we see, pours money very well into the development of the coin and into its blockchain, the price also makes us very happy, I don’t think it will overtake Ethereum I can know, but I know that they are very assertive and can show us good interest rates from investing in them.

Although solana was created to kill ethereum, but we need to think about ethereum which is more popular and many whales are investing there. Solana will only compete with BNB, not with ethereum. For the next few years, ethereum will still be strong.

18
Bitcoin Forum / Re: Invest & Hodl Bitcoin!!
« on: March 20, 2024, 03:31:07 PM »
There are factors that also contribute to the short term investment and some those factors are lack of extra income. When the investors are not having another work to do to fetch money to assist the bitcoin investment then they can't go into the long term investment but in short term investment and with that there are sometimes they even got lost in the investment because if they buy when bitcoin rise and the time when they want to sell it bitcoin might be a little bit low. And since they are not doing another thing then they have to sell it to survive. Then another factor is FOMO.and others

In fact, I agree that we should have a steady income in the real world so that our long-term goals are not disrupted by immediate needs. because long-term sustainability must be truly free money. Avoid FOMO, but do market research and analysis before buying coins and always bundle them together.

19

Patience is the key if you are coming to Bitcoin. There is very slight chances that you can get rich in short interval of time. Right now Bitcoin is at its peak and people are running after it and same people wont be interested in Bitcoin when it will go down. The best strategy is to buy when Bitcoin is down and HODL for right time to sell.
Actually, there are those who can use short-term trading and still make a profit. But if you want to take it safely and without risk, I agree with you that you need to be patient and saving bitcoins in the long term will certainly provide optimal results. When Bitcoin experiences a decline, of course, make a purchase and when it moves it will increase. You can still do it with DCA, adjusting it to the situation. After you have held it, wait for the halving period to finish when Bitcoin will increase and release it when you feel that the profits you have earned are deserved. Don't be greedy because the moment could be lost, and you won't be able to sell it again.
[/quote]

Being greedy can make us lose a lot, because bitcoin is unpredictable. We buy during corrections and sell when we feel we have made a profit. but if we want to hold it for the long term, we also have to do analysis and predict what the highest price will be, so that we don't sell it too late when we are bullish.

20

The worse thing or mistake that any newbie will do is actually running off and getting himself involved in crypto trading because that's shit isn't for the weak and it takes time and patience for anyone to actually fully understand the whole concept that can make you be on a safe with trading although on a general scale, it's actually very easy to trade but you will be shocked of the results if you are not an expert on this, so I think going with the option of buying and stacking is probably best but that's if you are not in a hurry to make the money through Bitcoin because investment in Bitcoin isn't a one or two night thing.

depending on our plans for the long or medium term. because by doing market analysis we can buy when it is cheap and sell when we have made a profit, like currently bitcoin is experiencing a correction and we can buy for the medium term. but if you want to hold for the long term you can still because bullishness will occur next year.

21
It is recommended for beginners to become a holder first, it is safer. after becoming a holder and starting to get to know the world of crypto and the character of coins, start learning to become a trader, it is not easy to become a trader because it takes time, experience and knowledge there.
Actually being a holder is also not easy, it requires good emotional control.
If it's just being a holder without knowing when to take profits, it will only be an investment that has no purpose.

The two should go together, should be studied in as much detail as possible.
Experience will teach you a good lesson, so don't be afraid to try to hold and trade with little money.

You are right, we have to learn both as traders and holders. but as I said before, beginners should focus on the holder first and start learning trading. Because trading requires experience and analysis that must be close to accurate and able to manage emotions

22
Additionally, why it is different from bounty campaigns and can be considered as not a scam or doubt about the campaign, most of the time it is handled by a reputable manager, and they act as an escrow to hold the funds for the weekly salary of the participants.

This is to avoid leaving behind the participants without any pay even after doing their tasks and making the effort to be part of promoting the project.
What you say is true, the manager becomes the first person to check whether the project is legitimate or not and about payment there is certainly already an agreement on how the payment will be made.

But some projects sometimes don't pay for campaigns midway, and they dismiss them unilaterally.
Some also only become scammers after many members register on their platforms such as gambling and put their money in.

Youre right, dude. Sometimes we are lucky to find good projects and pay the participants, sometimes we also participate in scam projects. Bounties are not as beautiful as they used to be in 2015-2018, because I think currently many bounties are worthless. but for those who pay weekly BTC this is safer and always pays off

23
Cold wallet might be the answer?
Although the answer is relative. But yeah, this is the answer that I think most people, including me, agree with. And actually Hot wallets can also be quite safe as long as we also know what things we should avoid so that our wallets remain safe. And most beginners even lose crypto in their wallets because they don't even know about token phishing or dusting attacks and such. So the safest thing is that we also have to know the steps in securing the wallet itself.

Hot wallets are quite safe if we choose a reputable exchange and we should always avoid scammers and hackers, who promote phishing. In the short term, hot wallets are quite safe for me. But it is not recommended for the long term.

24
Bitcoin Forum / Re: Invest & Hodl Bitcoin!!
« on: March 19, 2024, 07:41:01 PM »

Many people predict that bitcoin will reach ATH after the halving, but most people are wrong with their predictions. However, this is something that is actually better, because we don't have to wait any longer to reach ATH.

Everyone welcomes this, and that will certainly be felt by loyal bitcoin holders who have been waiting for this for a long time. I didn't predict our journey would be this smooth and that makes me very happy. We have seen what we have been waiting for today, and get ready for the next bull run.

If bitcoin has reached ATH before, but it doesn't seem like the ATH of $72K that investors expected, but more than that. they kept holding their bitcoins and waiting, and so did I. Stay put and wait for the top bullish season
Exactly as I said before, we are in a situation that is more than we expected right now and that makes us more comfortable in holding bitcoin and waiting to take profits when bitcoin goes up again.

Something that was not predicted but it makes us happy to see it, we have been waiting for this for a long time and I didn't expect it to be felt this quickly. now we just have to wait a little longer to get bigger profits.

but currently there is a correction after the price of bitcoin touched $73K, and we see that bitcoin seems to be having difficulty rising again. The correction is enough to make some investors panic, but for me this is a common occurrence in the crypto world. because corrections will always occur after reaching high prices

25
Ethereum Forum / Re: Ethereum vs of BNB Platform
« on: March 19, 2024, 07:37:41 PM »
I think being popular is not an important problem, and you have to remember that popularity is easy to achieve when the product you have is widely used by other people, so that your product becomes very famous. Unfortunately, Ethereum still has many shortcomings compared to new products like BNB, which have developed to be better than Ethereum.
yeah, I agree with what you say because so far there are still many ways to make a project famous, such as holding airdrops, improving developer relationships with the community and providing good development with a very responsive system that will provide user satisfaction.

User satisfaction is the key to progress and development as well as the desirability of the project. because it will grow loyalty from its users. As we look at ethereum, Ethereum is the largest altcoin community because there are many investors there. while BNB is an alternative platform if you are looking for cheaper gas fees

26
Cryptocurrency discussions / Re: The impact of crypto on our lives
« on: March 19, 2024, 07:34:05 PM »
I think we can no longer ignore the huge impact that crypto brings on our lives,

* financial freedom - when we invest or trade and get profits obviously it will give us that power to buy anything we want with that money. And it can make our lives better, we can put food in the table for our family.
* it's online so there is a potential that everyone could have access to it, from Asia to Africa
* people learn more on how to handle their finances - we heard terms like HODL, accumulate sats and it add knowledge to us on how to handle or money
Financial freedom is what drives most of people into this industry no doubt about that. Due to technological advancements, people around the world can now take part on this trend regardless of ages as long as they are interested in cryptocurrency. From that, opportunities crypto might offer can be utilized depending on what we do with it whether we accept crypto as payments for services and businesses, we trade or just hold, it's all up to us.

There are many advantages that we get from investing in crypto, making it easier for us to trade on leading exchanges. It's easier to invest, of course it's very profitable if we buy at the right time and hold it.
I feel freedom there, I can do whatever I want.

27
Yes, China contributes greatly to the world economy today. I think if they welcome crypto in their country it will gain a strong impact in their economy, and surely it will be a strong bullrun on the crypto space.

Many comments are similar, that if China supports crypto it will have a good influence on the crypto market. Because China has one of the largest populations, and also one of the largest economies in the world. Is there a way to promise the Chinese government to legalize crypto?

28
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: March 19, 2024, 06:55:26 PM »
I can tell that many who doesn't know how to trade should only learn how to hold, this will be of a good advantage to them such a way that they will still achieve their aim than going into trades and loosing their investment on it, we have to start everything concerning cryptocurrency by learning the particular aspect we have developed interest with, this will aid us in making the best performance in it than we could if we are inexperienced.

Trading is something that requires skill, if we don't have it, we should choose to become a holder, because this is safer and can both generate profits. Buy when the price is cheap and hold it until the price is high and we sell it for a profit. It sounds easy but in practice it is also risky, but the risk of trading is higher than holding.

29
Before investing in any new crypto coin/tokens, you should do your own research about it. Due to the rate at which different crypto scams are every where, for me I think it is risky to invest in New crypto coin.
Look for a reliable crypto coin to invest in, to avoid loss of your money.

Research is a very important thing to do before we buy a coin, we have to understand the coin, the team and the project. It does take experience to be able to carry out accurate research and it takes a long time to learn. I prefer top coins to new projects, because of my limited time in doing research.

30
Not all tokens on the binance smart chain are in the right position to Invest on, so it's very important to do your research before   purchasing it for investment, even when listed on the binance smart chain, because there are alot of bad Influencers/hypes and promoters In the cryptocurency space.

We have to be careful in investing and choosing existing coins. Not only on the Binance smart chain, there are also many smart chains that are scam coins or tokens. Do good research and analysis so that we don't choose the wrong coin when investing. Because this will cause losses.

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