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Messages - Jamal Aezaz

Pages: [1] 2 3 ... 56
1
Cryptocurrency Trading / Re: HODLing Altcoins
« on: May 04, 2024, 08:45:36 PM »
Experience and knowledge will give us the ability to minimize risk, and we can achieve profits in investing. As you said, there will always be risks, and that's how the investment world is always full of risks. The more we invest in new coins, the greater the risk, but if it is successful the profits will also be greater.

In the path of success there will always be risk and no investment source is present in this universe which can give you profit without any risk. If we work better and search deeply about which project is better and which is not then this risk can be reduced but nobody is ready to give their time for searching but wants to get huge money in a day.

Nobody can ever get success until their concept about investment in crypto becomes clear and that will be easy only if they give their Precious timing to study regarding the pros and cons of crypto Investment and try to know how to choose a good project for investment.

2
Cryptocurrency Trading / Re: Fear or greed
« on: May 04, 2024, 08:32:22 PM »
That's the reality that happens, some people who don't sell their bitcoin at $73K, and hope that bitcoin will rise again, of course they regret it, because they should have made a profit and could buy again when a correction occurs like this week the price of bitcoin fell to $56K. that's greed, it won't make us think realistically and rationally

Most of the people make mistakes by thinking that long term holding means that never to sell your asset but I think we have to sell whenever we have profit because if we continuously hold our coins then we will not take any profit from our investment and will lose numerous chances to make our financial status better.

Everyone should know about their profit and if someone has sold their Bitcoin at profit and the price in future increases then they should not regret it because they have already taken their profit but if they lose money due to the wrong decision then there should be regret.

3
If we buy during a bearish season and get a bottom, we can sell our coins when we make a profit. Even though people think we sell at a low price, as you said they don't know what price we buy at. and always be grateful for the benefits we get, we enjoy life better if we always feel like we have enough

If we feel happy for our little achievements too then there will be no chance to regret the past but everyone cannot do this because currently everyone is in struggle to earn more than the other person but no one becomes satisfied with his own money ever.

We should not decide according to the will of people but we have to think for our own will because if we lose or win nobody will give us money so why do we copy others in our whole life?

One should just think about his own profit no matter what others do because neither they know about our buying price nor we know about their buying price so we can make better decisions for ourselves if we ignore the concept of greed and following other people.

4
Bitcoin Forum / Re: Future of Bitcoin
« on: May 04, 2024, 07:25:05 PM »
If you feel Bitcoin is too expensive to buy, it's best to buy it according to your ability or according to the funds you have. Because in the next few years, the price of bitcoin will be more expensive than today. buy while you can and it's still cheap, because the price of bitcoin will probably be more than $100K

Everyone can buy Bitcoin according to his saved cash and there is no burden or force of investment on any person until he makes the decision of buying by himself. Decrease and increase can happen anytime but I think in future there will be more inflation and you will also be not able to buy Bitcoin at that So if you have some money then buy it now as in future the price will be higher.

Just put a little amount which you can easily manage but if you don't have any money then don't think to take money from others to invest in bitcoin because that will become a burden for you and you will not be able to enjoy your Bitcoin investment.

5
Bitcoin Forum / Re: ATH of bitcoin 2025 ??
« on: May 04, 2024, 07:18:15 PM »
I strongly believe that we never see another ATH this year anymore, if judging by the previous bitcoin halving circle we would understand that whenever bitcoin halve passes we don't always create new ATH at that same year except we fully enters the next year. So, for that we can only managed to get close to $70k again this year but we can't exceed that price range till we enters next year fully before the bull run starts.

We cannot say something with strong belief because crypto nature is not stable so any pump and dump can happen any time and also news put effects on the value of Bitcoin so maybe some good news arises which pumps Bitcoin to its ATH again.

The halving does not impact the price of coins in just one or two months in a positive direction but the current dump is also a part of the after effects of halving and we should take advantage of it.

Either at the end of 2024 or at the start of 2025 we will see another ATH so we should buy enough Bitcoin and altcoins which can give us profit at that pumping month.

6
It is true that Bitcoin will increase when the halving happens. But the price will tend to drop constantly after the halving. So, nothing is surprising if the price of Bitcoin is decreasing now. The ATH is also achieved before the halving, so it makes sense if there is a big dump after the halving. We need a correction to balance the market condition. It is also needed to make a higher pump in the future.

Bitcoin price is unpredictable and one cannot say anything about the price of bitcoin until ups and downs happen because price changes very quickly. Price reduces from 73k$ to 57k$ and it is such a huge dip and due to such huge dump people are afraid of dropping their value of cash so they are constantly thinking about their cash.

Once we have seen ATH before halving so there is no difficulty to achieve another ATH after halving and still we have longer timing and once the effects of halving starts to occur then price will surely go towards huge gain. Going again from 57k$ towards 73k$ and above is not difficult for bitcoin but once correction takes place and it starts again to grow further.

7
Cryptocurrency discussions / Re: What Altcoins Do you have?
« on: May 03, 2024, 09:15:11 PM »
ALT coins are risky and you have to wait for the right time to sell it. :-\ As I have first time invested in different ALT coins with a good usecase and they are all listed on a reputable exchange. My list contains Movr, CTXC, Matic, ENA mainly but now because of the BTC dump, I am in huge loss  :'( but I am still positive for the Bull run, so will wait for the Huge pump.

There is no doubt that altcoins are risky but you will be a real investor if you take your profit with this risk and you are talking about the risk but you have choose risky investment by yourself. I think only matic and ENA are good for investment while the other two are not potential coins in my opinion.

You should have trust in Bitcoin investment and if it goes down then you should not be afraid of your profit and you will not be in loss like you think if you step accurately. pump will happen but for it your knowledge is necessary and if you think negatively then there is a chance that you will find wrong things in the market.

8
There are definitely pros and cons to the OP's opinion, but let everyone have their own predictions, the point is for this season, don't ever experience losses due to mistakes, what usually happens is a high level of greed to achieve profits, but if we hold on for the long term it won't the problem of determining high profits

Most of the individuals do not lose due to the market uncertainty but they lose due to their faults and if an investor works to overcome their mistakes through knowledge then they will not be disappointed after experiencing dip in the market.

Holding for longer term can minimize your losses but it will be favorable only when you have the forbearance to tolerate each and every kind of situation and in such duration you will not change your selected value of selling. Everything becomes easy if we work by using our knowledge and expertise but for it you have to regularly learn the things which are necessary for profit taking.

9
Agree, we are still in the beginning of 2024, Q2 of 2024. So, we don't feel too afraid about the bullrun season. Since the halving of Bitcoin just happened few weeks ago, we must be patient to wait for the increase of Bitcoin price. If the prices of Bitcoin and altcoins are dropping now, it is because the hype is over. In this time, we must try to feel calm and don't need to feel frustrated.

The bull run is at the starting stage but people are already in fear of losing money and many of them have sold their coins at a lower price as they assume that the market will go down more. People don't show patience here and if they were in patience then they will not be affected by current market condition and also they don't know the basics which become a great troubles for them.

I don't think that market bull season will not sustain more and will end but i assume that bull season will be in this year and will continue also next year so don't sell now as it is alarming but accumulate more as this time is suitable for buying.

10
Cryptocurrency discussions / Re: The impact of crypto on our lives
« on: May 03, 2024, 07:57:03 PM »
and this is not what Satoshi wanted for bitcoin because satoshi wanted Bitcoin to be a currency to function but now this is an asset that had been kept for long instead of using as payment tools.

Yes it is the reality that people like to hold Bitcoin but they don't want to exchange it for another thing and investors of bitcoin have set their goals according to which they will sell their Bitcoin if price goes to their target value. Bitcoin can still be used as a currency if it become Widely accepted and if now people are not using it as a currency so maybe the reason is that there are certain limitations on its uses.

sad reality and I am in guilt here , because what I do believe is that in future when the government finally accept and adopt bitcoin that is the perfect time to use this and properly bring to merchant .

The use of Bitcoin as a currency or investment source depends on the acceptance of bitcoin and once it becomes accepted then everyone will use it as investment as well as a currency but still people want to change their poor financial system to wealthy status for which they will often keep it longer. Otherwise the future is unseen and what will happen is unknown but the use of bitcoin may be changed from an investment source to currency in future of accepting widely.


11
I agree 100%. I also think only investing in bitcoin or investing in one of the altcoins is not a smart strategy at all. You need to keep a holistic view and invest in btc and altcoins that show promise. You cannot be dismissive toward alts. A diverse portfolio is key for maximum gains in the short and long run.

Diversification is important and one should not be dependent on Bitcoin for their investment but should also choose some beneficial altcoins because from altcoins you can take your profit immediately when the price surge but Bitcoin is useful only when you keep it for a longer period.

If someone Invest in both Bitcoin and altcoins then he can be benefited from both long term and short term investment and I think if someone just holds Bitcoin then he will not be easy to wait longer but if he also keeps altcoins in his investment then he will be regularly sell and buy altcoins and his Bitcoin will be safe for long duration without any stress.

12
Cryptocurrency discussions / Re: Are you buying now?
« on: May 03, 2024, 07:17:55 PM »
The price of Bitcoin has decreased to $56k yesterday, but it increased again to $59k today. If you keep buying at $63k, you must keep buying at this rate. Sure, the price of Bitcoin looks okay to buy but we don't hurry to buy because the price of Bitcoin may drop more. I think the price may drop below $50k if there is bad news in the next few days/weeks.

We cannot know the right things about the market hence it is not easy to know what will be the next value so if you have money then invest it when you see that the market is dumping like the current situations. Now the price is 59k$ which is a good price for buying more Bitcoin but most of the people will not buy Bitcoin because they assume that current situations are risky for making any decisions.

The market can go down anytime so if you have money then you can take benefit from the lower price but if you don't have money then the lower and higher price will not affect your decision as having money is necessary for investment at the right time.

13
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.

14
One wouldn't have zero knowledge if they learn day and night unless they have a mind that doesn't pick up and store anything. Unfortunately, if it's the case with any newbie trader then they will have a hard time learning everything. So the first thing that is needed in a trader is determination and the willpower to achieve something.

People like the one OP mentioned lose money because they are always in a hurry to make a lot of money which is what makes them go farther away from what they are trying to achieve. Even if a friend tells you something and that is a trusted friend, you should still do some research if you are going to spend money on that thing.

Learning and experiencing are two different things and if we just learn but don't practice these learning then we will not be able to take profit and with the passage of time we will forget that knowledge. The mind does not suggest your profit no matter how long you learn if you don't have practice, your knowledge will be incomplete.

It is important to be noted that if you are in the will to do trading then you will give time to learning and will practice it in reality because just learning cannot make you wealthy.

This is the reality that most of the people lose their money because they trust other people but don't search by themselves so they never realize the basics and accepting the suggestion of friends becomes risky for them.

15
I agree with you, every bad thing we experience in the past allows us to grow better, as long as we can learn from the mistakes we have made so that we feel things we don't really want to feel.

Not only in the past did we make mistakes, but now we still make some mistakes, it's just that they are not as bad as in the past. What makes us like that is experience and we can learn from it so we can survive.

Sometimes making mistakes is also necessary because if we make mistakes then we will not repeat that thing in future and our chances of loss will be lower as we overcome mistakes through experiencing it in the past.

We will be able to perform better in future if we don't think about loss but we think about our experience which we gain from these losses so in future we will be more talented traders by sacrificing different things.

In the past our mistakes were numerous but now as we are getting experience so the number of our mistakes are minimum but still we are making some mistakes because the market is highly unpredictable which is not easy to identify no matter how long it takes time to learn but little mistakes will always be done.

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