Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Joseph Lee on May 01, 2024, 07:49:14 AM
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
What contest are you referring here? and campaigns ? what can you contribute being a new account when campaigns more on signature is on this platform .
and about events ? are you having some skills to offer ? better to edit this thread and give what you can bring for this forum .
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Maybe some will think about doing day trading with the current market conditions... I never thought that the price of BTC would actually fall below $60k this year, but this really happened and this also reminds me of a moment in 2017, where before the pump, BTC experienced a dump too. Hopefully the scenario is still the same so that it can meet many people's targets where the BTC price should be above $100k to be able to create a new ATH.
Buying now is a wiser decision than panicking to sell.
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Maybe some will think about doing day trading with the current market conditions... I never thought that the price of BTC would actually fall below $60k this year, but this really happened and this also reminds me of a moment in 2017, where before the pump, BTC experienced a dump too. Hopefully the scenario is still the same so that it can meet many people's targets where the BTC price should be above $100k to be able to create a new ATH.
Buying now is a wiser decision than panicking to sell.
It's true that it's time to buy when it's down like this, why panic if we have saved it in the form of BTC if we are sure that BTC will reach 100K$
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
There is something you don't understand here. Market is a two sided things, you can make money trading spot pairs and you can make money trading futures but clearly you have been doing spot all this while and you can't make money from doing such now unless you try futures which is dangerous but if you use less leverage, you can make money trading it.
Leverage of 2x in futures short position is something you can manage like your normal spot trading, just find one coin and open a short position after your technical analysis and you are good to go with with profits.
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Maybe some will think about doing day trading with the current market conditions... I never thought that the price of BTC would actually fall below $60k this year, but this really happened and this also reminds me of a moment in 2017, where before the pump, BTC experienced a dump too. Hopefully the scenario is still the same so that it can meet many people's targets where the BTC price should be above $100k to be able to create a new ATH.
Buying now is a wiser decision than panicking to sell.
It's true that it's time to buy when it's down like this, why panic if we have saved it in the form of BTC if we are sure that BTC will reach 100K$
Only people that bought bitcoin due to FOMO will panic as they see the recent dip in price, because maybe they bought with funds that they need in a short-term, and they scared of losing it all now that the price has dump. This is why one needs to have the knowledge of how bitcoin price movement is like and not expecting that the price will only keep pumping. Long term investors don't need to panic as this is the time to buy more Bitcoin to your portfolio.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
I feel sorry for you, but incidents like these show that day trading is not as easy as some might think it is and they think this way because they have heard some people or influencers say that day trading is easy and they can make a lot of money from it just like how some influencers misguide newbies by saying futures trading is the way for them to earn money and then all their newbie followers get themselves liquidated in it.
So it's important for everyone to know that they are supposed to make sure they understand everything perfectly before they get into them instead of rushing into trading without enough knowledge and then facing extreme losses like this.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
I hope you haven't suffered too much loss during this strong but inevitable correction of the crypto market. Short traders are making profits, while the fear that is engulfing the market is taking away profits from holders. I think this correction will continue for a few more weeks, enough to make weak-hands sell their tokens and leave their positions.
I don't usually participate in events or contests in the crypto market, my luck is not good enough to help me win any contest, whether it's prediction or trading. You can refer to the websites of CEXs like Bybit or Bitget, they often organize Spot or Future trading events to promote their services to the trading community.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
Mistakes in trading are pretty normal, and even the expert traders are making it as well hence, they experience losses like you as well.
What's better is to learn from your mistakes so that you will not do it more often next time.
In search for random events? For what? To recoup your losses? Because I don't think that there's any that are hosting (at least for now). Maybe there are some reputable exchanges that are doing competitions to those who are trading in future. :D Kind of ironic that it is what I said knowing that you lost too much money on it already. Nevertheless, I hope that the losses that you got this time will not lead you to far worse decisions.
GL on your trading journey. :)
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
Sugeesting random events may not be helpful but doing your due diligence and taking your own decision should be the way forward but my play when the market is very volatile has been to buy the dip or stake my assets if I see a good APR which also comes with a thorough due diligence. Tho, recently few exchanges have been kind to roll out good APY cos I am currently subscribed to the ongoing May Savings carnival on Bitget. The 15% APR could be worth my time and at least better than idly holding my BTC.
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Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
If you're referring to contests hosted by companies like Binance, most of them require capital to participate and the reward is usually small enough that you might as well ignore it. Why don't you try to improve your posting quality to rank up and then find campaigns on this forum? I take it you know signature campaigns already? That's probably better for you if you're looking for additional income without affecting your freedom to apply for side jobs too much.
I used to manage some websites in the past, writing articles, and so on. Most of them require some CV and a little bit of connection, it is impossible to start without knowing what you're good at though.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
It's good that you learned your lesson but next time you can save your capital from liquidation by using stop loss that is available on every platform. Learn more about using them effectively according to your trading strategies might help you in your trading as well.
I wouldn't be recommending for now to make money via signature that requires time to grow your account, you can find other free tasks or even platforms like fiverr where you can do some jobs and get some money.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
Well, talking about trading, we should not always expect ourselves to be on the winning side, there is risk in doing trades and one of it is such that we have been seeing already in each every of our trades, secondly, we need to understand the best and most desiring pattern to use for our trading, some of us can manage to day trade while some couldn't, but I will always say this that for us to always be on a upper edge, we need to learn on how we can diversify on how we perform our trades and have alternatives to them, whereby wr can decide to go both short and long.
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I think you have made a wie decision. We are in the post-halving corrections phase right now, so day trading is riskier and honestly not worth it at the moment unless you can predict what's gonna happen. Right now, the best course of action is to DCA into the coins you have in your portfolio or the ones you see promise in so that when the bull run comes, you can enjoy your gains. I would recommend keeping a diverse portfolio with Bitcoin, SOL, ETH, ADA (yes, despite the recent price or maybe because of it, the gains will be great!), and any other coins you see potential in.
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It is true that we are going to end up with a lot of volatile period, and this could very well be a period where you could make a lot more money, seems like a possibility in the end. I am not saying that we are going to fail if we do long term investment, its reasonable to expect it to be like that, I do agree that we are going to make money if we do long term holding as well. All I am saying is that we are going to end up with a good possibility if we could do trading as well. Doesn't mean we will profit if we do that, we could just assume that we are going to make some good money when the time comes, if we do the right moves.
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I suggest you to think about investing instead of doing day trading. Many of the traders often fail at trading because they don't get the volatility of the market. When the see some upwards movements, the believe that the market will go down and place short positions, however if the market continues going upward then they fear that their position will get liquidated.
That fear makes them face huge losses each time when market gets at peak or it gets huge dips. A good trader often think differently than the majority of the other traders. I believe a good trader knows that when market move up then it has to come down, and when its down then it has chance to move up. That's why they open their positions and wait peacefully without getting affected by the ups and downs of the market.
I suggest you to do investing where you purchase a coin at the dip by following some DCA strategy and when it goes 10% or more up then you may sell that coin and wait for another dip. Dip buying has been very helpful for many traders and investors, and I believe it could be helpful for you as well.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
What random events or contests are you talking about, like which are running on this forum? Well, there are many contests at the moment for example you can participate in the following contest Mixero ADVANCED MODE Bitcoin Mixer Bitcoin Price Prediction - May 2024 (https://www.altcoinstalks.com/index.php?topic=320872.0) Besides you can find more on the section named as Competitions & Contests (https://www.altcoinstalks.com/index.php?topic=320872.0) I am so lazy that I also don't join these contests while you can easily win $300 to $100 in the mixero price prediction contest. Plus there might be many others are running too. I will just look for them too due to your post I realized I was missing this contest section. Well, thanks hehe.
Besides if you want to join the comparing running on this forum you can check how many campaigns are running on this thread named as Altcoinstalks Signature Campaign Observer (https://www.altcoinstalks.com/index.php?topic=314333.0) Here you can see all the running campaigns paying weekly. But for that, you have to rank first. besides you can give try to bounties and if you have any skill than you can also provide your services for some money well you can make some good amount of money as well.
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Buying now is a wiser decision than panicking to sell.
There are many investors who have already sold, some tagged the halving as a scam. Weak hands that could not wait longer because they are not emotionally strong to handle their investment performing in a way that they did not expect.
It is only the few that know an opportunity when they see one that will recognize this opportunity to buy some more that this dip has provided.
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It is only the few that know an opportunity when they see one that will recognize this opportunity to buy some more that this dip has provided.
I highly agree with you, there are only few people who take advantage of the dips because they rather find the dips as opportunity to accumulate more instead of fearing about the market's collapse.
Crypto market has always been volatile by nature, and there are only few people who can take advantage of the volatility that crypto market offers. The best time to accumulate more Bitcoin or your favorite altcoins is during the dips.
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The same thing happened to me. Recently, I received several blows due to the decline that occurred in the market. I also tried to find a good pump, but I was receiving a new loss.
Sometimes a person commits mistakes and continues to do so in an attempt to correct the first mistake, but he falls into a new mistake, and thus the series of mistakes is repeated, and he falls into a quagmire and finds it difficult to get out.
In such a situation, a person must stop for a while and reconsider his calculations. It is better to think of a new strategy or stop for a while to catch his breath.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
I hope you haven't suffered too much loss during this strong but inevitable correction of the crypto market. Short traders are making profits, while the fear that is engulfing the market is taking away profits from holders. I think this correction will continue for a few more weeks, enough to make weak-hands sell their tokens and leave their positions.
I don't usually participate in events or contests in the crypto market, my luck is not good enough to help me win any contest, whether it's prediction or trading. You can refer to the websites of CEXs like Bybit or Bitget, they often organize Spot or Future trading events to promote their services to the trading community.
You're right about the two CEXs regularly holding trading events. Someone suggested Bitget's May Savings Carnival in the comments. The OP should consider it if he/she meet the requirements, instead of letting their tokens lie idle in their wallet.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
I don't think the dip was harder than others but the dip came unexpectedly and because of that so many people lost their trading. And that is why if your a trader, you should also invest in Bitcoin so that you balance the equation. Now you are complaining that the dip was not in favor of you but investors are happy that there was a dip like that because they bought bitcoin at the dip and hodling it for the next all time high. People are even praying for the dip to come now so they can buy more.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
I hope you haven't suffered too much loss during this strong but inevitable correction of the crypto market. Short traders are making profits, while the fear that is engulfing the market is taking away profits from holders. I think this correction will continue for a few more weeks, enough to make weak-hands sell their tokens and leave their positions.
I don't usually participate in events or contests in the crypto market, my luck is not good enough to help me win any contest, whether it's prediction or trading. You can refer to the websites of CEXs like Bybit or Bitget, they often organize Spot or Future trading events to promote their services to the trading community.
You're right about the two CEXs regularly holding trading events. Someone suggested Bitget's May Savings Carnival in the comments. The OP should consider it if he/she meet the requirements, instead of letting their tokens lie idle in their wallet.
would be nice to know more abt this May savings event. I searched through their Twitter profile but couldn't find info on it. Probably you could send a guide or a link so I could review
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
I don't think the dip was harder than others but the dip came unexpectedly and because of that so many people lost their trading. And that is why if your a trader, you should also invest in Bitcoin so that you balance the equation. Now you are complaining that the dip was not in favor of you but investors are happy that there was a dip like that because they bought bitcoin at the dip and hodling it for the next all time high. People are even praying for the dip to come now so they can buy more.
fair point, but then again, dips don't favour everyone. There'll always be those who were on the wrong side of it. I just happened to be one this time.
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Buying now is a wiser decision than panicking to sell.
There are many investors who have already sold, some tagged the halving as a scam. Weak hands that could not wait longer because they are not emotionally strong to handle their investment performing in a way that they did not expect.
It is only the few that know an opportunity when they see one that will recognize this opportunity to buy some more that this dip has provided.
The reason someone would go ahead to sell their coin after the halving and even tagging the halving as scam is simply ignorance. I've come to understand that many investors came into the crypto market without first acquiring the necessary knowledge and information about what they're investing on.
They've heard hypes about the halving, about how bitcoin price is gonna break through its current ATH and be in greens, and so some start buying aggressively with the hopes of making crazy ass profits immediately after the halving and then when the market started dipping which is actually in contradiction with their expectations, they become frustrated and then start selling or blaming the people who introduced them to bitcoin.
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If you are referring to trading contest and stuff you can head to popular exchanges since they always have that event with huge prize pool so maybe you should try it out. I wish I can be a profitable trader one day as well as ever since I tried trading I lose every single trade I have that is why I am still in the stage of learning right now.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen. This week'sdip hit harder than others, and lessons have been learned. Now it's time for me to try my hands and luck in other areas while I wait for a correction. For the first time in a while, I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
I hope you haven't suffered too much loss during this strong but inevitable correction of the crypto market. Short traders are making profits, while the fear that is engulfing the market is taking away profits from holders. I think this correction will continue for a few more weeks, enough to make weak-hands sell their tokens and leave their positions.
I don't usually participate in events or contests in the crypto market, my luck is not good enough to help me win any contest, whether it's prediction or trading. You can refer to the websites of CEXs like Bybit or Bitget, they often organize Spot or Future trading events to promote their services to the trading community.
You're right about the two CEXs regularly holding trading events. Someone suggested Bitget's May Savings Carnival in the comments. The OP should consider it if he/she meet the requirements, instead of letting their tokens lie idle in their wallet.
would be nice to know more abt this May savings event. I searched through their Twitter profile but couldn't find info on it. Probably you could send a guide or a link so I could review
Okay, here's it. May savings carnival (https://www.bitget.com/support/articles/12560603808932) if you meet the requirements then this could be an opportunity for you..
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It doesn't matter which event you end up being in, the point is that there are a lot of exchanges that are doing stuff, so that you would use them a lot more. I also believe that the best thing we could do right now would be just making sure that we are dealing with a good long term investment that could benefit us during this upcoming bull run. The whole world is patiently waiting for a bull run, we all "know" that it will happen, so we are just waiting for it and hopefully that will happen. I am not saying that it will or it won't, I am just saying that we are getting there and we should be probably seeing a good increase, so holding for long term does look better for most people.
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The dip this week made me realise that I've been too narrow-minded in my dealings in this industry. For the past coupled weeks, I had been so fixated on trading and trying to find the next good pump that I overexposed myself and take heavy hits whenever dips happen.
Because that is indeed the risk of crypto trading, which is quite high for people who are not used to it and really understand how to optimize trading in all market conditions, whether up or down trends. And indeed, instead of continuing to experience losses, it would be much better to stop for a moment, at least we understand how our financial condition is. So, it would be better to stop first rather than being forced and jealous of such an unfavorable situation.
I'm in search of random events, contests and campaigns hosted by any reputable companies. I'd be happy if you could share some here.
What kinds of event and contest? Trading? or any campaign? Do you mean like this signature campaign?
Buying now is a wiser decision than panicking to sell.
There are many investors who have already sold, some tagged the halving as a scam. Weak hands that could not wait longer because they are not emotionally strong to handle their investment performing in a way that they did not expect.
It is only the few that know an opportunity when they see one that will recognize this opportunity to buy some more that this dip has provided.
Many people invest in Bitcoin because of FOMO without a wider knowledge base and little experience. So they only hear or consider several things based on what is happening now, not looking at the history. Hmmm, this happens quite often when investors don't have much more patience because of several things. So they can't do it anymore and maintain holding only because their dreams or targets were not achieved immediately after the halving. In fact, as in the past, halving does not automatically make Bitcoin prices skyrocket, there are still several months that must pass after the halving process occurs to reach a real bullrun.