Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: AGM on May 25, 2024, 04:09:03 AM
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
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Of course, a long-term investment plan is much better than following the news and being affected by it negatively or positively, or as the famous rule says, “buy the rumours, sell the news.”
Of course, this rule often works well, but other times it causes disasters because some people sell at a huge loss as a result of being affected by news that may be false or whose effect is temporary.
As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
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As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
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As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
Again, with an asset like bitcoin, considering it for its long-term potentials has proven to be the best approach and strategy for more and higher profitability, rather than investing short-term because just like you've said, the market can be very volatile and fluctuations are certain, and these fluctuations can clowd one's judgement and result to taking irrational decisions, so to avoid market sentiments, it's better to consider the asset's long-term goals as it will ride out the short-term outcomes and its effects.
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Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
I think all investment have fear But depending on the field it is sometimes less sometimes more, whether it is a short-term investment or long-term investment.
And I will also say that not all investment on long-term have fear free because if a person invest in altcoin projects I will say that he must have also fear. For example I am holding 250$+ SLP token from 2021 and currently their total price is around 35$.
So not all long-term invest is good or fear less until we comes to bitcoin. :)
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Ethereum has already risen, as the weekly rate of change is 20.31%, while the rate for Bitcoin is 2.88%. Therefore, whoever invested due to ETF funds has achieved profits. Unless you intend to invest after the news begins to spread here, the rise wave will have already occurred and you are catching a speeding train.
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There should always be a plan. Even though everyone is counting on a good alts season right now, it pays to insure yourself, I'm staking TFS for now. That's my plan B, but by buying XRP and MATIC I hope for a good take off and that I can fill my bags well.
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Long-term planning makes sense only with cryptocurrencies that have already proven themselves, everything else is actually a pump&dump scheme from which many come out with nothing. Many people have a hard time understanding that if they once made money on a coin, it may never be possible again, because it actually had a one-time purpose.
On the other hand, those who can afford to invest in Bitcoin have always profited so far, especially those who followed the cycles and invested when the price was at the bottom, and sold whenever a new ATH occurred. Of course, it is not easy to precisely detect the absolute bottom or ATH, but smart investors always buy when the price goes down and sell when they are satisfied with the profit when the price goes up.
In any case, any plan is better than none.
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Of a truth being successful in Crypto takes patience and consistency to achieve. As an investor, you should know that your investment would take time to grow before you start making profit from it.
Already, before investing, you should have it in mind that if you must succeed in Crypto, you must be able to have and exercise some patients because investment is not a day bargain and it must take time to get you the expected desire profits you longed for.
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Of a truth being successful in Crypto takes patience and consistency to achieve. As an investor, you should know that your investment would take time to grow before you start making profit from it.
Already, before investing, you should have it in mind that if you must succeed in Crypto, you must be able to have and exercise some patients because investment is not a day bargain and it must take time to get you the expected desire profits you longed for.
It's true, patience is one of the keys to making us successful in the crypto space, apart from that we are also required to be consistent and all of that will be very closely related to the planning we have to have at the start.
If we are patient enough but we don't have a good plan, then I don't think that will be optimal either, and vice versa if we have a plan but we are not patient then that will be a problem too. So everything we have to have when we are in this crypto space.
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Of a truth being successful in Crypto takes patience and consistency to achieve. As an investor, you should know that your investment would take time to grow before you start making profit from it.
Already, before investing, you should have it in mind that if you must succeed in Crypto, you must be able to have and exercise some patients because investment is not a day bargain and it must take time to get you the expected desire profits you longed for.
It's true, patience is one of the keys to making us successful in the crypto space, apart from that we are also required to be consistent and all of that will be very closely related to the planning we have to have at the start.
If we are patient enough but we don't have a good plan, then I don't think that will be optimal either, and vice versa if we have a plan but we are not patient then that will be a problem too. So everything we have to have when we are in this crypto space.
That's true. If you are not patient, you do not belong here because you can not be able to take on the Crypto long walk of time. Only those who are patient enough to withstand the outcome of their investment irrespective of the situation of things surrounding the space can be able to overcome. It takes patience and consistency to achieve anything in Crypto. Like the sayings goes " Rome was not built in a day" likewise Crypto investment does not generate revenue in a day. If you must take profit, then you must be prepared to learn to be patient because it is only the patient dog that eats the fastest bone.
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having a long-term strategy, investors can avoid making impulsive decisions based on short-term price fluctuations. This allows them to ride out market fluctuations and potentially benefit from long-term growth in the value of their investments. Additionally, long-term planning helps investors to set specific goals, manage risk effectively, and diversify their investment portfolio for optimal returns. Overall, having a long-term perspective in the crypto space can help investors navigate the unpredictable market conditions and make informed decisions that align with their financial objectives.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
- That's why it's important to have a real plan in this crypto business that we entered, because if we only depend on uncertainty, the chances are definitely high that the capital that we will use in crypto assets will end up in nothing.
You must really know something about trading; you can't just guess, but you don't know how to analyze or read a trading chart to determine where the price of the coins you are holding is headed.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
- That's why it's important to have a real plan in this crypto business that we entered, because if we only depend on uncertainty, the chances are definitely high that the capital that we will use in crypto assets will end up in nothing.
You must really know something about trading; you can't just guess, but you don't know how to analyze or read a trading chart to determine where the price of the coins you are holding is headed.
You don't need to have trading skills before you can become successful in your bitcoin investment if you tend to hodli for long. It is easy to hodli if you are using the right amount to invest in bitcoin without over doing it. This is because people keep their savings in the bank for many years without touching it because they don't need it. This is why I am always baffled to hear that someone is investing in bitcoin for short-term and when he run at loss, he will be crying. Bitcoin investment is like every other invest or business that you set up or just started. You don't expect your new business or investment to give you a big profit that you should give to you in ten years time.
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It's true, patience is one of the keys to making us successful in the crypto space, apart from that we are also required to be consistent and all of that will be very closely related to the planning we have to have at the start.
If we are patient enough but we don't have a good plan, then I don't think that will be optimal either, and vice versa if we have a plan but we are not patient then that will be a problem too. So everything we have to have when we are in this crypto space.
That's true. If you are not patient, you do not belong here because you can not be able to take on the Crypto long walk of time. Only those who are patient enough to withstand the outcome of their investment irrespective of the situation of things surrounding the space can be able to overcome. It takes patience and consistency to achieve anything in Crypto. Like the sayings goes " Rome was not built in a day" likewise Crypto investment does not generate revenue in a day. If you must take profit, then you must be prepared to learn to be patient because it is only the patient dog that eats the fastest bone.
Yes, that saying becomes relevant when it comes to the crypto space, because in the crypto space it is the same, we cannot understand and take advantage in a very short time.
Maybe along the way we will be faced with problems that can shape our mentality well for the future. Everything we experience and everything we feel becomes very meaningful, and once again we must have enough patience.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
- That's why it's important to have a real plan in this crypto business that we entered, because if we only depend on uncertainty, the chances are definitely high that the capital that we will use in crypto assets will end up in nothing.
You must really know something about trading; you can't just guess, but you don't know how to analyze or read a trading chart to determine where the price of the coins you are holding is headed.
You don't need to have trading skills before you can become successful in your bitcoin investment if you tend to hodli for long. It is easy to hodli if you are using the right amount to invest in bitcoin without over doing it. This is because people keep their savings in the bank for many years without touching it because they don't need it. This is why I am always baffled to hear that someone is investing in bitcoin for short-term and when he run at loss, he will be crying. Bitcoin investment is like every other invest or business that you set up or just started. You don't expect your new business or investment to give you a big profit that you should give to you in ten years time.
If those who keep their money fixed deposits in banks for long periods of time did the same in investing in bitcoins then everyone would be successful. An investor has to wait for a long time by keeping money in the bank. Especially the effect of inflation is making the holder suffer heavily. Those who have decided to invest the amount of money in the bank for a long time can be profitable even if they share one-third of that investment. And those who are in poor financial condition can get big returns in the long run if they can strengthen their holdings by using DCA.
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Someone who invests in Cryptocurrency aims to make a profit, and of course, if possible, the investor hopes to get the maximum profit.
Of course, before investing, investors have thought about how long they will invest. If their investment is in a crypto project that has the potential to be good in the long term, then they will definitely do that.
But it is true that most good crypto is crypto that has a good future, this is where investors are required to be able to choose where they should place their investment in order to get the maximum profit possible.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
Because we have what we call volatility in this market, and it's one of a kind that's why it's hard to predict where the price is going to be. So don't expect anything, like very bullish or parabolic rise because it's not going to happen. Even in BTC's bull run year, there will be months that you can see that the price is on a downtrend, then suddenly it will go up the next month. For those who have been in the market for so long, your advise is good. But for those who have seen or experience one full cycle, this is already a known fact. And to add to that, the best time to accumulate is during the bear market because prices is so low. And then hold in long term and wait for the bull run to come before you sell to get the most out of your long term investment.
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Someone who invests in Cryptocurrency aims to make a profit, and of course, if possible, the investor hopes to get the maximum profit.
Of course, before investing, investors have thought about how long they will invest. If their investment is in a crypto project that has the potential to be good in the long term, then they will definitely do that.
plans are there and target as well but always ready for sideways or advance decisioning , because this market is unpredictable in which anything may change in a glimpse of an eye
But it is true that most good crypto is crypto that has a good future, this is where investors are required to be able to choose where they should place their investment in order to get the maximum profit possible.
most crypto? lol there are only small count that has a good future and majority will gone when they already fooled people so try not to be one of those fools mate.
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Someone who invests in Cryptocurrency aims to make a profit, and of course, if possible, the investor hopes to get the maximum profit.
Of course, before investing, investors have thought about how long they will invest. If their investment is in a crypto project that has the potential to be good in the long term, then they will definitely do that.
plans are there and target as well but always ready for sideways or advance decisioning , because this market is unpredictable in which anything may change in a glimpse of an eye
Most definitely.
The crypto market is highly unpredictable and full of uncertainty and it'll be quite foolishness for an investor not to prepare for those days that things won't go just how you plan them.
It's pretty me okay to hope for the best but at the same time expecting the worst while dealing with crypto currency investment, especially for people who are into altcoins investments too.
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The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
This isn't only applicable with cryptocurrency, but in investing in general.
Being patient, is good but it isn't enough to be successful in investing. You can be patient, but in the end, you might see a huge dip in the market causing you to make bad decisions and sold your holdings. Be patient but at the same time, be good in decision-making. That's what will help you become successful. Not only those 2, but for me those are 2 of the 3 traits that all investors have. What's the 3rd one? Being disciplined.
Investing in long-term not only in crypto, but with different asset classes will give you much more profits. It depends on what type of asset you bought, but if you bought those safer assets like the index funds, Bitcoin, etc. in the long run you really will make profit. Long-term is the key. :)
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You don't need to have trading skills before you can become successful in your bitcoin investment if you tend to hodli for long.
Of course, to be successful in investment, it is not necessary to be skillful in trading. :D
Moreover, if it is for a long term holding, we just need to be patient to wait for the bullish market. Mostly it needs to hold for 3-4 years, but it can be longer if the target is higher. Also, sometimes it is needed to update the information about Bitcoin and crypto as a whole.
It is easy to hodli if you are using the right amount to invest in bitcoin without over doing it. This is because people keep their savings in the bank for many years without touching it because they don't need it.
What do you mean by right amount?
Sure, we must invest with safe money. It won't be a big pressure, holding will be so worried if it uses safe money. It is also a lot of fun because it will earn profits.
This is why I am always baffled to hear that someone is investing in bitcoin for short-term and when he run at loss, he will be crying. Bitcoin investment is like every other invest or business that you set up or just started. You don't expect your new business or investment to give you a big profit that you should give to you in ten years time.
Nothing wrong if someone wants to invest in a short time. It can be for few months or a year, depending on the target and what the season is. In the current season, I think some people just hold for few months. If there is a huge pump, they may take profits immediately. People may not hold too long because they know there will be bearish season. In the bearish season, the price tends to drop again.
Here is the data of bullish season:
(https://talkimg.com/images/2024/05/28/LsQiv.jpeg)
https://thedefiant.io/news/research-and-opinion/charting-history-s-rhyme-understanding-the-cyclicality-of-crypto-markets
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As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
long-term investors will not panic if losses only reach 25% of assets, because long-term investors already understand all the cycles in crypto so that if there is a downturn they are prepared to load up even more
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This is why I am always baffled to hear that someone is investing in bitcoin for short-term and when he run at loss, he will be crying. Bitcoin investment is like every other invest or business that you set up or just started. You don't expect your new business or investment to give you a big profit that you should give to you in ten years time.
Nothing wrong if someone wants to invest in a short time. It can be for few months or a year, depending on the target and what the season is. In the current season, I think some people just hold for few months. If there is a huge pump, they may take profits immediately. People may not hold too long because they know there will be bearish season. In the bearish season, the price tends to drop again.
I don't see short term investment as an investment but I see it as trading and it is very dangerous because we cannot predict the price movement of bitcoin. You might think that you are smart and plan to buy bitcoin and sell off in 6 months, but it will shock you that you might have reached the time that you plan to sell and bitcoin price is below your entry point. What will you do, sell in a loss, that will be the worst. In fact short term hodlers are not at rest with their emotions whenever there is a fluctuation in bitcoin price, it can lead to heart attacks. I believe short term holders are using more for important things to buy bitcoin thinking to make profits within a short period of time, which may be possible or not.
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Long term investment or planning is essential because it can give you a chance to take the profit in future but if someone doesn't want to take help from his patience then he cannot be profitable in future. People often change their ideas with changing news but I think if their trust remains higher then they will not change their mind according to the news.
If someone invests for the long term then deep dip will not put any adverse effects on his ideas if he has control over his emotions. Long term planning is profitable if a planner applies the strategies which are necessary in such a long duration in order to be profitable.
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It's true, patience is one of the keys to making us successful in the crypto space, apart from that we are also required to be consistent and all of that will be very closely related to the planning we have to have at the start.
If we are patient enough but we don't have a good plan, then I don't think that will be optimal either, and vice versa if we have a plan but we are not patient then that will be a problem too. So everything we have to have when we are in this crypto space.
That's true. If you are not patient, you do not belong here because you can not be able to take on the Crypto long walk of time. Only those who are patient enough to withstand the outcome of their investment irrespective of the situation of things surrounding the space can be able to overcome. It takes patience and consistency to achieve anything in Crypto. Like the sayings goes " Rome was not built in a day" likewise Crypto investment does not generate revenue in a day. If you must take profit, then you must be prepared to learn to be patient because it is only the patient dog that eats the fastest bone.
Yes, that saying becomes relevant when it comes to the crypto space, because in the crypto space it is the same, we cannot understand and take advantage in a very short time.
Maybe along the way we will be faced with problems that can shape our mentality well for the future. Everything we experience and everything we feel becomes very meaningful, and once again we must have enough patience.
It is just like a sailor sailing on the sea. The more the sailor encounters rough and stormy waters, the stronger they become. This encounter gives them experience that they could be able to share or pass on to others who wants to grow under them. This I explained is still applicable to Crypto. So anyone who wants to understand the Crypto space must be willing and ready to face the storms involved be it a trader, and investor likewise a freelancer too who is paid in Crypto too is likely going to face the storm in Crypto. It is just like that and to be able to withstand this, one must be patient enough so as to grow and if otherwise, they are not fit for Crypto and should stay very far to avoid situations that could cause them possible health challenges or anything.
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Op I must tell that there is a big change of Ethereum price after the ETF approval of the ether spot approval. Before the ETF approval of the project, Ethereum was $2,800 or $3,200 and since when the Ethereum spot ETF was approved, the price has not come down to $3,800 which is a good move for the coin. And if anyone is investing in altcoins, it is better for the person to invest in long term because the movement of Altcoins is not fast as bitcoin. Lime today I bought bitcoin from someone at the rate of $67,768 and now bitcoin is $68,351 i. Which I have gotten small profit from it but altcoins are not like that. Since yesterday Ethereum was $3,800 and till now it is still in that price. So tia better for the investors to plan for long term.
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As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
long-term investors will not panic if losses only reach 25% of assets, because long-term investors already understand all the cycles in crypto so that if there is a downturn they are prepared to load up even more
I wouldn't say that they will panic, but for sure they will have to look at their portfolio. But at at the end of the day, they've could have for seen this and are very ready mentally and prepared and they could have a back up plan.
And that back up plan is to buy even more as the price is at a 25% discount. And this what separates a smart investor from let's say a inexperience as they could be thinking of selling their assets right away because they don't like what they are seeing in the market and are in panic mode and afraid that they are going to lose their money.
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If someone invests for the long term then deep dip will not put any adverse effects on his ideas if he has control over his emotions. Long term planning is profitable if a planner applies the strategies which are necessary in such a long duration in order to be profitable.
Indeed the main advantage of considering one"s bitcoin investment for its long-term potentials is the fact that it gets rid of the effects and impacts of temporary market fluctuations and how it affects the investor, ( mainly the negative impacts).
Because it's easier for an investor to allow emotions set in when the market is going on a contrary direction from what you predicted or anticipated and this could compel some investors to make the wrong choices due to FOMO or other possible reasons.
But considering the long-term trajectory of your investment would indeed help to avoid these unnecessary tension and emotional outburst.
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Yes, that saying becomes relevant when it comes to the crypto space, because in the crypto space it is the same, we cannot understand and take advantage in a very short time.
Maybe along the way we will be faced with problems that can shape our mentality well for the future. Everything we experience and everything we feel becomes very meaningful, and once again we must have enough patience.
It is just like a sailor sailing on the sea. The more the sailor encounters rough and stormy waters, the stronger they become. This encounter gives them experience that they could be able to share or pass on to others who wants to grow under them. This I explained is still applicable to Crypto. So anyone who wants to understand the Crypto space must be willing and ready to face the storms involved be it a trader, and investor likewise a freelancer too who is paid in Crypto too is likely going to face the storm in Crypto. It is just like that and to be able to withstand this, one must be patient enough so as to grow and if otherwise, they are not fit for Crypto and should stay very far to avoid situations that could cause them possible health challenges or anything.
Once again you say something good, sailors who often encounter storms, they will know better how to survive the storm. They will act calm because they are used to dealing with it.
However, if someone is going to sea for the first time and they are immediately faced with a storm, then they will feel great fear, because they are not used to it.
So here's what's interesting, when two people with different experiences are in the same boat, the more experienced person will be able to calm the person who is facing the storm for the first time.
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As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
long-term investors will not panic if losses only reach 25% of assets, because long-term investors already understand all the cycles in crypto so that if there is a downturn they are prepared to load up even more
Exactly a long-term investor never needs to gain momentum in investing. The level at which the price falls does not change his position but he tries to use the dips to try to increase his portfolios. The crypto market is volatile in nature and any time the price rises and falls make an investor restless and there is no substitute for long-term planning to protect oneself from all this.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
Long-term thinking and patience are always necessary in any market, especially crypto. However, patience is not enough to make big profits in this market. Each important market event can be the start or end of an uptrend, and their impact depends on the time they occur.
I still remember the BTC Future ETF approval event in October 2021, which created excitement and FOMO, but we saw a bull-trap when BTC failed to reach $100K. Now, we can easily recognize that this news came out when the market was at the hottest point of the bullrun 2021 to create a false belief in a super-cycle, giving whales a wider distribution range wwith better liquidity.
On the contrary, for BTC & ETH Spot ETF, we are in the early stages of this bullrun, and I believe they will have a positive impact in thí bullrun to drive growth for the entire market. I am not really concerned about their short-term impact, as there are always buyers and sellers in the market. We should remember that in previous cycles, when we did not have Spot ETFs, the market still grew impressively and brought profits to wise investors.
- Bitcoin Futures ETF: Definition, How It Works, and How to Invest (https://www.investopedia.com/investing/bitcoin-etfs-explained/)
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Yes, that saying becomes relevant when it comes to the crypto space, because in the crypto space it is the same, we cannot understand and take advantage in a very short time.
Maybe along the way we will be faced with problems that can shape our mentality well for the future. Everything we experience and everything we feel becomes very meaningful, and once again we must have enough patience.
It is just like a sailor sailing on the sea. The more the sailor encounters rough and stormy waters, the stronger they become. This encounter gives them experience that they could be able to share or pass on to others who wants to grow under them. This I explained is still applicable to Crypto. So anyone who wants to understand the Crypto space must be willing and ready to face the storms involved be it a trader, and investor likewise a freelancer too who is paid in Crypto too is likely going to face the storm in Crypto. It is just like that and to be able to withstand this, one must be patient enough so as to grow and if otherwise, they are not fit for Crypto and should stay very far to avoid situations that could cause them possible health challenges or anything.
Once again you say something good, sailors who often encounter storms, they will know better how to survive the storm. They will act calm because they are used to dealing with it.
However, if someone is going to sea for the first time and they are immediately faced with a storm, then they will feel great fear, because they are not used to it.
So here's what's interesting, when two people with different experiences are in the same boat, the more experienced person will be able to calm the person who is facing the storm for the first time.
That is how it is on Crypto space. Newbies needs oldies in the Crypto space to survive. They would need ideas, advise and experience to muster forward otherwise, if would be very challenging for them. As it is now, waiting to have the experience is some how dangerous because that would cost one time and delay but when you have encounter with someone ahead of you, they share their experiences and how they were able to overcome such challenges, you would definitely learn from it and apply their solutions to same occurrences to cushion the side effect to minimise or forestall any further occurrences.
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Many still overlook or don't know that crypto is for long-term. Although, I profited from longing ETH during the ETF announcement but I still expect new all-time highs. But currently, I'm watching the market closely while diversifying into select altcoins paired with ETH through Bitget's smart portfolio. If those altcoins outperform ETH, this strategy accumulates more ETH for me.
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Someone who invests in Cryptocurrency aims to make a profit, and of course, if possible, the investor hopes to get the maximum profit.
Of course, before investing, investors have thought about how long they will invest. If their investment is in a crypto project that has the potential to be good in the long term, then they will definitely do that.
plans are there and target as well but always ready for sideways or advance decisioning , because this market is unpredictable in which anything may change in a glimpse of an eye
Most definitely.
The crypto market is highly unpredictable and full of uncertainty and it'll be quite foolishness for an investor not to prepare for those days that things won't go just how you plan them.
It's pretty me okay to hope for the best but at the same time expecting the worst while dealing with crypto currency investment, especially for people who are into altcoins investments too.
yeah , and good thing is that people are learning more and more now because of what they are learning here in forum
and in the another, because we are constantly reminding them about the method and the strategy we are doing and
hope they will apply as well
Many still overlook or don't know that crypto is for long-term. Although, I profited from longing ETH during the ETF announcement but I still expect new all-time highs. But currently, I'm watching the market closely while diversifying into select altcoins paired with ETH through Bitget's smart portfolio. If those altcoins outperform ETH, this strategy accumulates more ETH for me.
there is nothing best in diversified folio mate so better do as that in the coming bull market.
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Many still overlook or don't know that crypto is for long-term. Although, I profited from longing ETH during the ETF announcement but I still expect new all-time highs. But currently, I'm watching the market closely while diversifying into select altcoins paired with ETH through Bitget's smart portfolio. If those altcoins outperform ETH, this strategy accumulates more ETH for me.
Obviously, many do not have that long term holding experience. Some people were so fortunate to have had like x100 as a result of their early entrance into a market, some were able to purchase at the ICO or IDO stages of projects token or coin sales which gave them good advantage of selling high and taking good profits. That is why most times you see posts and comments of some crypto enthusiasts who do not really have the trading and holding for long experience.
They do not really know what it means holding for a long term since their entrance into the Crypto space was very smooth and they made huge profits without any stress. For instance let me use the notcoin that just launched last week or thereabout, you will agree with me that the project saw lot's of Crypto newbies into the the industry and some of them have not had the Crypto experience and they made good money from the project as a result of their early entrance. These are the sets of people to that would cry and complain when eventually they invest in token and it drops in price because they have not really have the experience and idea on how the industry is. So long term holding alone is a kind of a strange thing to them.
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Once again you say something good, sailors who often encounter storms, they will know better how to survive the storm. They will act calm because they are used to dealing with it.
However, if someone is going to sea for the first time and they are immediately faced with a storm, then they will feel great fear, because they are not used to it.
So here's what's interesting, when two people with different experiences are in the same boat, the more experienced person will be able to calm the person who is facing the storm for the first time.
That is how it is on Crypto space. Newbies needs oldies in the Crypto space to survive. They would need ideas, advise and experience to muster forward otherwise, if would be very challenging for them. As it is now, waiting to have the experience is some how dangerous because that would cost one time and delay but when you have encounter with someone ahead of you, they share their experiences and how they were able to overcome such challenges, you would definitely learn from it and apply their solutions to same occurrences to cushion the side effect to minimise or forestall any further occurrences.
Yes, I would also be happier if there was someone who was a beginner who wasn't embarrassed to ask about what they didn't know. Because by asking questions they can expand their knowledge in this crypto space, and I'm sure we will also be happy to answer their questions, as much as we can.
Because there are also some people who don't want to ask questions, and act as if they "pretend to know", even though they don't know what they are doing.
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- Well, I believe in long-term planning. To be honest, if you are a long-term holder, you should know when you will exit your earnings, and you should also have a target price and estimate how many years you will hold the asset that you will also buy.
Because if you don't have these plans, you will have a hard time for sure. It seems like your decision will be afloat if you do this.
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yeah , and good thing is that people are learning more and more now because of what they are learning here in forum
and in the another, because we are constantly reminding them about the method and the strategy we are doing and
hope they will apply as well
We can give them suggestions, but in the end they themselves will make the choice. We all learn about cryptocurrencies from everywhere, and this forum provides a lot of knowledge to us.
Because in fact this cryptocurrency is the currency of the future, where over time crypto will become more popular in society. And this will influence Crypto prices for the better.
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Once again you say something good, sailors who often encounter storms, they will know better how to survive the storm. They will act calm because they are used to dealing with it.
However, if someone is going to sea for the first time and they are immediately faced with a storm, then they will feel great fear, because they are not used to it.
So here's what's interesting, when two people with different experiences are in the same boat, the more experienced person will be able to calm the person who is facing the storm for the first time.
That is how it is on Crypto space. Newbies needs oldies in the Crypto space to survive. They would need ideas, advise and experience to muster forward otherwise, if would be very challenging for them. As it is now, waiting to have the experience is some how dangerous because that would cost one time and delay but when you have encounter with someone ahead of you, they share their experiences and how they were able to overcome such challenges, you would definitely learn from it and apply their solutions to same occurrences to cushion the side effect to minimise or forestall any further occurrences.
Yes, I would also be happier if there was someone who was a beginner who wasn't embarrassed to ask about what they didn't know. Because by asking questions they can expand their knowledge in this crypto space, and I'm sure we will also be happy to answer their questions, as much as we can.
Because there are also some people who don't want to ask questions, and act as if they "pretend to know", even though they don't know what they are doing.
Truth be told, every newbie is a newbie not until they gain knowledge about the Crypto space and how it works, they still remain newbies. You will know those who are ready and willing to learn something new as a result of their new encounter and the ignorant ones from the way they are being curious about something.
I myself look into this aspect of learning because it is only the curious ones that are desperate to learn would make attempt to do so be it a closed or opened medium. Curiousity arouses the desire to know or learn more and it is only those who are ready to learn would have the knowledge of what they want to learn.
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You are right, to be a successful investor you have the characteristic of keeping patience, and not getting played by the market sentiments, the ones who claim themselves as investors or long-term holders, they should not see the news regularly, although it's not a good practice to not see, but if you keep seeing the news and the current situation of the market. Then a time will come when you will feel like exiting the market and you will think of entering again when the price will dump.
But you will end up losing it all, so considering this fact, it won't be wrong to say, we should not keep a keen eye on the market situation when we are making investments, like for the long term. Long-term means we don't care if the price goes up or down for like 2 to 5 years. The time period can depend on the individual mindset.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
In investing and deciding which coin to choose, yes, certain events that we consider big are one of the considerations for decision making. but actually we are also very aware that these are not the main factors why the price of cloning can skyrocket. And for some reasons, some people choose these coins because they are for the long term.
In the case of Ethereum, yes, it is true that the approval of the Ethereum ETF cannot immediately cause the price of ETH to rise drastically quickly, and remain rising for a long period of time. No, neither does Bitcoin ETF nor Bitcoin halving. They don't and they immediately make the price bullish. but we understand the long-term effects. If this important event can make the long-term effects of the coin grow rapidly and become more accepted, then that will really be great in the long term. So, this will also depend on how long your target is in investment.
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We can give them suggestions, but in the end they themselves will make the choice. We all learn about cryptocurrencies from everywhere, and this forum provides a lot of knowledge to us.
Because in fact this cryptocurrency is the currency of the future, where over time crypto will become more popular in society. And this will influence Crypto prices for the better.
Knowledge is necessary no matter where you get this information therefore try to search about every source from where you can obtain useful information. If a person is familiar with crypto then he will easily choose the coin and will easily hold it because the main thing here is knowledge without which everything is impossible to accomplish.
The price of Bitcoin is unstable now sometimes it goes higher to 70k$ while today the price is 67k$ again therefore holding is the most beneficial method to ignore the lower cost and wait for the right time because we know better that Bitcoin is going to be more victorious as the time flies.
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This is why cryptocurrency should be accepted as an uncertain future so we can be more serious with research before investing. But now i feel this behavior is different because i have kept two tokens in my wallet for a long time but still no such pump has been seen. Your specific target from investment may not be exact but should always be long term. Because the only message for investors is that success in the crypto space requires more patience.
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I don't see short term investment as an investment but I see it as trading and it is very dangerous because we cannot predict the price movement of bitcoin. You might think that you are smart and plan to buy bitcoin and sell off in 6 months, but it will shock you that you might have reached the time that you plan to sell and bitcoin price is below your entry point. What will you do, sell in a loss, that will be the worst. In fact short term hodlers are not at rest with their emotions whenever there is a fluctuation in bitcoin price, it can lead to heart attacks. I believe short term holders are using more for important things to buy bitcoin thinking to make profits within a short period of time, which may be possible or not.
Well, you may see it as trading because you have your own view. It is no problem as long as it can be profitable. :)
I don't think I'm smart, no one can predict the price with 100% accuracy. You also can ensure the profits even if it is for a long term investment. Everything we do is about speculating the price, whether it is for short or long term holding.
If you don't have strong mentality, you won't rest your emotion whether you are holding for a long term. I think it is not about how long we hold the coins. It is about how to have mature mentality, don't be easily panicked because of the price changes. Anyway, I don't understand why you become so pessimistic about the potential profits for a short term holding. :-\
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As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
long-term investors will not panic if losses only reach 25% of assets, because long-term investors already understand all the cycles in crypto so that if there is a downturn they are prepared to load up even more
Exactly a long-term investor never needs to gain momentum in investing. The level at which the price falls does not change his position but he tries to use the dips to try to increase his portfolios. The crypto market is volatile in nature and any time the price rises and falls make an investor restless and there is no substitute for long-term planning to protect oneself from all this.
People misunderstand crypto investment and they think that it is different from the physical investment that we do offline. Investment should be a long term plan and that is why it is called investment. I could remember when there was no bitcoin, some people will be happy to buy shares and keep it for a very long time like 4-10 years and above and they are comfortable with it. So why can't such people see crypto as such that can be a long-term investment, but instead they think that it is a get rich quick scheme and they want to make huge profit over night which might lead them to running at loss because they will invest in a short period of time. The best was to limit the risk in bitcoin is to invest and hodli for long.
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As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
long-term investors will not panic if losses only reach 25% of assets, because long-term investors already understand all the cycles in crypto so that if there is a downturn they are prepared to load up even more
Exactly a long-term investor never needs to gain momentum in investing. The level at which the price falls does not change his position but he tries to use the dips to try to increase his portfolios. The crypto market is volatile in nature and any time the price rises and falls make an investor restless and there is no substitute for long-term planning to protect oneself from all this.
People misunderstand crypto investment and they think that it is different from the physical investment that we do offline. Investment should be a long term plan and that is why it is called investment. I could remember when there was no bitcoin, some people will be happy to buy shares and keep it for a very long time like 4-10 years and above and they are comfortable with it. So why can't such people see crypto as such that can be a long-term investment, but instead they think that it is a get rich quick scheme and they want to make huge profit over night which might lead them to running at loss because they will invest in a short period of time. The best was to limit the risk in bitcoin is to invest and hodli for long.
You have said, we have an advantage over those Investors who are in the Markets like Forex , stock market and Everything that has to do with Stocks , because before Investing they have to do a great fundamental analysis so that they can Generate an Action that is safe for them, we no longer have to make that type of plans , we have the Ideal is Bitcoin , then given these Things what has to be Done is buy and Wait, or do the big and Famous hodl, then in this order of ideas we just have to Trust , Wait patiently for all these things , it is what can be done, the rest there is no Oher way.
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Of course, investors must have a long-term plan before investing.
You're an irresponsible investor if you do not have a plan for the short term and long term as an investor you must know what you are investing in and do you expect in your short-term and long-term plan.
Planning is very important because it involves money and you expect that money to grow but it will not grow if you do not have an update or do not how to track its profit, it's important to have an exit plan and a time stamp in your investment.
Investment is a serious endeavor you have to plan ahead and seriously.
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Long-term planning makes sense only with cryptocurrencies that have already proven themselves, everything else is actually a pump & dump scheme from which many come out with nothing. Many people have a hard time understanding that if they once made money on a coin, it may never be possible again, because it actually had a one-time purpose.
So true most especially these days when we are seeing a barrage of so many memecoins all taking advantage of the interest of many people to get rich quick where projects have more chances to die fast than to be a successful one. Pump and dump coins and tokens are akin to gambling as we don't know for sure which of them will eventually get the imagination and support of the market and be stable. Talking on long-range planning, we must be into proven coins like Bitcoin, Ethereum, Solana and the likes and not those flash in the pan type of things. I have seen this same thing in the past and I am still seeing them now...and they are even sprouting like mushrooms these days so we have to be careful so as not to burn our money for nothing.
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Talking on long-range planning, we must be into proven coins like Bitcoin, Ethereum, Solana and the likes and not those flash in the pan type of things. I have seen this same thing in the past and I am still seeing them now...and they are even sprouting like mushrooms these days so we have to be careful so as not to burn our money for nothing.
Bitcoin and Ethereum are undoubtedly at the top of the portfolio.
But some of the new coins that are emerging now could be other options or as additional investments.
There are many new coins that have emerged with amazing developments.
It has many users because it was developed quite a long time before doing mainnet.
But not all of them will be lucky, there are many new coins that will eventually just be abandoned and become useless garbage.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
That's not only limited to the cryptocurrency bro, in your financial cycle in whatever market you are dealing you need long-term planning for the proper execution of a good lifestyle. You have dreams you need to work smart and hard on that smart plan, planning guides you in choosing a path and the path leads you to the destination haha I'm not a philosophy teacher still there are some frequent thoughts.
Moreover, in the crypto market, all you need is consistency and it comes with discipline and patience, you need to stay calm in every crisis movement, and follow the process if ends well all is well.
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However, doesn't every short-term trader have a more important focus, namely focusing on their current strategy? Basically, if we are too busy making plans for the next 10 years or 20 years, we will lose focus on the decisions we will make now and maybe in the next year... that's probably because we are too influenced by the roadmap we make for the next 10 years. and feel too dependent on perfect results.
Remember, that planning for the long term future is important, but it is more important to stay focused on closer decisions. And don't forget to always provide plan A, plan B and other layers of plans to overcome every failure, at least you won't lose direction and purpose.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
That's not only limited to the cryptocurrency bro, in your financial cycle in whatever market you are dealing you need long-term planning for the proper execution of a good lifestyle. You have dreams you need to work smart and hard on that smart plan, planning guides you in choosing a path and the path leads you to the destination haha I'm not a philosophy teacher still there are some frequent thoughts.
Moreover, in the crypto market, all you need is consistency and it comes with discipline and patience, you need to stay calm in every crisis movement, and follow the process if ends well all is well.
Of course, we must still consider the trust we must maintain because we are placing the money we use to carry out buying and selling transactions in the market. We must remain careful and never be influenced by market conditions, which may have price movements only because of manipulation by whales. Patience, research, and confidence are important values that must be possessed by those who trade in cryptocurrency. If we can't do all that, then we can put our hope in Bitcoin. So far, Bitcoin still provides a guarantee that it will become very expensive someday because the amount of Bitcoin available is increasingly limited.
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However, doesn't every short-term trader have a more important focus, namely focusing on their current strategy? Basically, if we are too busy making plans for the next 10 years or 20 years, we will lose focus on the decisions we will make now and maybe in the next year... that's probably because we are too influenced by the roadmap we make for the next 10 years. and feel too dependent on perfect results.
Remember, that planning for the long term future is important, but it is more important to stay focused on closer decisions. And don't forget to always provide plan A, plan B and other layers of plans to overcome every failure, at least you won't lose direction and purpose.
Planning something for the long term doesn't mean we don't prepare plans for the short term or the closest decisions we will experience. That's why we have to have long-term plans and short-term plans.
You are right, we have to prepare several plans, so that when we are faced with something unexpected we can move quickly to carry out a different plan. This is something important to do, therefore planning is something we should not miss.
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Bitcoin and Ethereum are undoubtedly at the top of the portfolio.
But some of the new coins that are emerging now could be other options or as additional investments.
There are many new coins that have emerged with amazing developments.
It has many users because it was developed quite a long time before doing mainnet.
But not all of them will be lucky, there are many new coins that will eventually just be abandoned and become useless garbage.
Bitcoin and Ethereum are the greatest source of investment and people prefer these two coins more than any other coin but as new coins are emerging so they are also useful and beneficial for investment as their growth is efficient and fast.
New coins require some sort of research so if someone directly invests in any of the new coins and does not read about the details of that coin then they are putting themselves in unsafe investment conditions. New coins are profitable but not all of them so learn how to differentiate good coins from bad ones so it is possible that a day will come when you will be a wealthy individual.
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Bitcoin and Ethereum are undoubtedly at the top of the portfolio.
But some of the new coins that are emerging now could be other options or as additional investments.
There are many new coins that have emerged with amazing developments.
It has many users because it was developed quite a long time before doing mainnet.
But not all of them will be lucky, there are many new coins that will eventually just be abandoned and become useless garbage.
Bitcoin and Ethereum are the greatest source of investment and people prefer these two coins more than any other coin but as new coins are emerging so they are also useful and beneficial for investment as their growth is efficient and fast.
New coins require some sort of research so if someone directly invests in any of the new coins and does not read about the details of that coin then they are putting themselves in unsafe investment conditions. New coins are profitable but not all of them so learn how to differentiate good coins from bad ones so it is possible that a day will come when you will be a wealthy individual.
Obviously not everyone that takes their time to go through a project or do a thorough research to gain insight about what they are about putting their money into. Some people invest because of the hype, some invest because their friends do and some invest because they just want to invest somewhere so that their money would be somewhere working for them.
Looking at the old coins, one can say confidentially that ethereum and Bitcoin have been in the leading list and are amongst the first generational Crypto currency to have existed. With this, it is with ease to buy and hold (aka invest in them) as the case may be. This is so because they have been tested and proven to be result oriented. While these new generational coin are someworth investing in but would need a careful and thorough research before engaging with.
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Consistency, patience, dedication and knowledge plays an important role when we are talking about long term investment planning in crypto space. Regardless of what coins we are into as long as it has the quality, narrative, community and potential it is good, if we do not have those things I don't think we will succeed with our plans. Choosing the best coin to invest will also matter because we don't want to be rugged or manipulated in the long run.
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Consistency, patience, dedication and knowledge plays an important role when we are talking about long term investment planning in crypto space. Regardless of what coins we are into as long as it has the quality, narrative, community and potential it is good, if we do not have those things I don't think we will succeed with our plans. Choosing the best coin to invest will also matter because we don't want to be rugged or manipulated in the long run.
The points you said are the points that we must have when we are in the crypto space, they are very important because they will really determine our results in investing.
Here we need seriousness, if you are just playing around then you shouldn't be here. Maybe the first time we were here we also tried, but as time goes by we get serious about learning what we need when we are in this crypto space.
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There are many new coins that have emerged with amazing developments.
It has many users because it was developed quite a long time before doing mainnet.
But not all of them will be lucky, there are many new coins that will eventually just be abandoned and become useless garbage.
I cannot really speak so well of new coins and projects, and if there are successful ones, they are very few compared to the huge numbers of scam and useless coins or tokens. I don't recommend new coins to newbies, it is one of the fastest ways for them to leave the network, because once they lose money to new coins, they believe every crypto is a scam.
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It is not just the cryptocurrency space that is like that, it's also with life. It's important to plan your long-term strategy what you will be doing in the future and what are you currently doing about it as well. It's mostly like that makes you successful in a thing.
If you apply that same principle in another space, like cryptocurrency space, it can benefit you in some ways. I think you are better off gambling if you just base on events or something. It should have fundamentals IMO. Except meme coins. That's hard.
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Those people who try to do short term trading, token investment, meme investors, leverage trading without knowing much, and many other high risk people do not understand is that what they are doing is purely gambling. Doesn't mean that we are going to end up with a good result or a bad result, it just means that we are going to get a big risk, and if we ned up with a risk that is not needed, then when you lose you would be quite sad about it and regret later on. Whereas, long term bitcoin investment means that you are not going to wake up rich tomorrow, but at least you will not lose all your money neither.
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It is not just the cryptocurrency space that is like that, it's also with life. It's important to plan your long-term strategy what you will be doing in the future and what are you currently doing about it as well. It's mostly like that makes you successful in a thing.
If you apply that same principle in another space, like cryptocurrency space, it can benefit you in some ways. I think you are better off gambling if you just base on events or something. It should have fundamentals IMO. Except meme coins. That's hard.
You've spoken well. But in the crypto space. It's good to be flexible and know when to take profits.. just my opinion.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
That's not only limited to the cryptocurrency bro, in your financial cycle in whatever market you are dealing you need long-term planning for the proper execution of a good lifestyle. You have dreams you need to work smart and hard on that smart plan, planning guides you in choosing a path and the path leads you to the destination haha I'm not a philosophy teacher still there are some frequent thoughts.
Moreover, in the crypto market, all you need is consistency and it comes with discipline and patience, you need to stay calm in every crisis movement, and follow the process if ends well all is well.
Patience, research, and confidence are important values that must be possessed by those who trade in cryptocurrency. If we can't do all that, then we can put our hope in Bitcoin. So far, Bitcoin still provides a guarantee that it will become very expensive someday because the amount of Bitcoin available is increasingly limited.
Success is assured in every field if one sticks to it with patience. But we don't always have that ideal. Due to which we do not get success in our investment or any other work. Investing in the cryptocurrency space, especially Bitcoin, requires long-term planning. Bitcoin's halving works to increase its value every four years. Anyone who invests in Bitcoin for the long term will not suffer. While they may suffer temporarily, but will each benefit in the long run.
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Success is assured in every field if one sticks to it with patience. But we don't always have that ideal. Due to which we do not get success in our investment or any other work. Investing in the cryptocurrency space, especially Bitcoin, requires long-term planning. Bitcoin's halving works to increase its value every four years. Anyone who invests in Bitcoin for the long term will not suffer. While they may suffer temporarily, but will each benefit in the long run.
More important than patience in crypto trading is the understanding of the coin's fundamentals. Because if you don't, and you invest in whatever coin you want without understanding it, then you will be more vulnerable when there is bad news because you will not know whether it will be able to recover from its crash or not.
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Success is assured in every field if one sticks to it with patience. But we don't always have that ideal. Due to which we do not get success in our investment or any other work. Investing in the cryptocurrency space, especially Bitcoin, requires long-term planning. Bitcoin's halving works to increase its value every four years. Anyone who invests in Bitcoin for the long term will not suffer. While they may suffer temporarily, but will each benefit in the long run.
More important than patience in crypto trading is the understanding of the coin's fundamentals. Because if you don't, and you invest in whatever coin you want without understanding it, then you will be more vulnerable when there is bad news because you will not know whether it will be able to recover from its crash or not.
I think this will happen to altcoins / memecoins, for BTC it needs a periodic decline if it will indeed experience a decline even if you say it will reach ZERO
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Those people who try to do short term trading, token investment, meme investors, leverage trading without knowing much, and many other high risk people do not understand is that what they are doing is purely gambling. Doesn't mean that we are going to end up with a good result or a bad result, it just means that we are going to get a big risk, and if we ned up with a risk that is not needed, then when you lose you would be quite sad about it and regret later on. Whereas, long term bitcoin investment means that you are not going to wake up rich tomorrow, but at least you will not lose all your money neither.
- Any type of investment we make cannot be without a plan, because for sure the investment we make in altcoins, meme coins or futures trading, will end up or lead to nothing. There really needs to be a Target plan for when and how much profit we expect as investors and traders.
It seems like there is no difference in building a house, there must be a plan or layout to be able to build it according to the design we want. The same is true in this field of crypto space that we live in.
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More important than patience in crypto trading is the understanding of the coin's fundamentals. Because if you don't, and you invest in whatever coin you want without understanding it, then you will be more vulnerable when there is bad news because you will not know whether it will be able to recover from its crash or not.
Knowledge and patience both are required for getting profit and if one of these is missing then one cannot get a profit for which he is using his money and time. We cannot say that if a person has knowledge but cannot tolerate the unfavorable circumstances then he will be successful because due to this impatience he will decide to sell due to fear of losing more money.
It is better to search and find out the basic features of the coins and avoid its fundamentals so one can easily choose which coins are suitable for investment so in this way he will avoid choosing random coins in which most random coins lose their value which will put us in great troubles.
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As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.
Again, with an asset like bitcoin, considering it for its long-term potentials has proven to be the best approach and strategy for more and higher profitability, rather than investing short-term because just like you've said, the market can be very volatile and fluctuations are certain, and these fluctuations can clowd one's judgement and result to taking irrational decisions, so to avoid market sentiments, it's better to consider the asset's long-term goals as it will ride out the short-term outcomes and its effects.
pressure, that is what it's called, not being able the wait to see the outcome of your decision,
And you've said it all, the best way to invest is having a long term mindset, looking aside from your investments until the harvest time, or should i say the set time.
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pressure, that is what it's called, not being able the wait to see the outcome of your decision,
And you've said it all, the best way to invest is having a long term mindset, looking aside from your investments until the harvest time, or should i say the set time.
Speaking about the set time, sometimes there may actually not be a set time, because as an investor investing in a long-term asset like Bitcoin, there may come in a time when the investor's plans and vision begins to gradually chance, what do I mean by this.
Usually, everyone going into the crypto or Bitcoin market are doing so for the profit, whether long-term or short-term investors, the short-term traders needs quicker profits so they engage in day to day trading, which of course usually leads to unprecedented losses, while the long-term HODLers plan to HODL for the longer ternlm and then set a target of how long they plan to HODL and take their profits, but ive come to understand that sometimes as a long-term HODLer, your plans and perspective may actually change in the long run as you switch from HODLing for the profit but for storage purpose and wealth preservation.
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Long term investment is better than short term, because if people invest long term they have to pay attention to market movements and even have to know the latest news about the market, in this case the short term is always worried about market movements and they have to continuously monitor market movements.
I think long-term investment is very good, so we don't worry about current news and maybe the level of loss is not as high as in the long term. but when entering the world of business, you must be prepared to accept losses and must be ready to accept what happens in the future.
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Long term investment is better than short term, because if people invest long term they have to pay attention to market movements and even have to know the latest news about the market, in this case the short term is always worried about market movements and they have to continuously monitor market movements.
I think long-term investment is very good, so we don't worry about current news and maybe the level of loss is not as high as in the long term. but when entering the world of business, you must be prepared to accept losses and must be ready to accept what happens in the future.
The thing with long term is that if you have the mentality to stay that long in the market? Because there could investors specially new one in the space that might think this is a get rich quick scheme and invest in just a couple of months and then waiting to be millionaire.
But for us who has the experience here, we look at the bigger picture and so we go for long term. It is really difficult in the beginning, but if you have the perseverance then you will survived in the market and be a long term investor.
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pressure, that is what it's called, not being able the wait to see the outcome of your decision,
And you've said it all, the best way to invest is having a long term mindset, looking aside from your investments until the harvest time, or should i say the set time.
Inpatient should be the right word for it because when we talk about pressure it sounds as if someone is being troubled to sell there Bitcoin investment, so actually before someone especially a starter who is still very new on Bitcoin investment should have a good mindset of holding before starting investing because there are so may challenges that could possibly hamper someone mindset along the line such as price movement of Bitcoin because not all the beginners will be able to withstand emotions of seeing there investment going serious down if the price of Bitcoin is dropping.
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Long term investment is better than short term, because if people invest long term they have to pay attention to market movements and even have to know the latest news about the market, in this case the short term is always worried about market movements and they have to continuously monitor market movements.
I think long-term investment is very good, so we don't worry about current news and maybe the level of loss is not as high as in the long term. but when entering the world of business, you must be prepared to accept losses and must be ready to accept what happens in the future.
Long-term investment is not as easy as we imagine. We must pay attention to the coin that we want to hold for the long term so that we do not make the wrong decision to put the money we have for a coin that has no potential. So far, Bitcoin is a coin that is still very consistent in always providing profit and is suitable as an option for making long-term investments. The risk of loss does exist and it will only happen to people who do not have high patience so that they are not easily influenced by various bad news that often circulates.
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Long term investment is better than short term, because if people invest long term they have to pay attention to market movements and even have to know the latest news about the market, in this case the short term is always worried about market movements and they have to continuously monitor market movements.
I think long-term investment is very good, so we don't worry about current news and maybe the level of loss is not as high as in the long term. but when entering the world of business, you must be prepared to accept losses and must be ready to accept what happens in the future.
Long-term investment is not as easy as we imagine. We must pay attention to the coin that we want to hold for the long term so that we do not make the wrong decision to put the money we have for a coin that has no potential. So far, Bitcoin is a coin that is still very consistent in always providing profit and is suitable as an option for making long-term investments. The risk of loss does exist and it will only happen to people who do not have high patience so that they are not easily influenced by various bad news that often circulates.
In addition, when we invest long term we must ensure that the money we use is indeed money that is no longer for us to use in the near future. Because if that happens, then it will be a problem in the future.
One more thing, we must also have savings for us to use in urgent situations, don't let us sacrifice our investment when in urgent times. That's why I also save besides investing, because it avoids the things I said above.
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Yes, people often invest in crypto with specific events like an ETF approval, expecting a big price jump. But markets do not always react how we think they will and it can be frustrating. Even though Ether's price might not move when you expect, it does not mean it won’t in the future.
For investors, the key is patience. Crypto is very unpredictable and success often comes with holding on for the long term. Timing the market is tough, so instead of focusing on immediate gains, it will be smart to have a long-term plan and stay committed. What does not work out now, can actually turn out to be a much bigger opportunity later.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
Of course, it is important for investors to have a long-term plan before investing. Without a long-term investment plan, he or she can never achieve much success. But with some coins you have to set a long term plan as the future of the coin is very bright. Now if we plan long term with coins that have no future then our long term plan will never succeed because when there is a little dumping in the market all those coins will dump more and investors will get scared out of themselves. Especially Bitcoin, Ethereum, Solana, BNB, with all these coins you have to plan long term but you will see success. I'm moving forward with long-term investment plans with Ethereum and Bitcoin. Although I have a lot of success in Bitcoin but I am not able to achieve much success in Ethereum but I hope to achieve a lot of success in Ethereum very soon.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
Of course, it is important for investors to have a long-term plan before investing. Without a long-term investment plan, he or she can never achieve much success. But with some coins you have to set a long term plan as the future of the coin is very bright. Now if we plan long term with coins that have no future then our long term plan will never succeed because when there is a little dumping in the market all those coins will dump more and investors will get scared out of themselves. Especially Bitcoin, Ethereum, Solana, BNB, with all these coins you have to plan long term but you will see success. I'm moving forward with long-term investment plans with Ethereum and Bitcoin. Although I have a lot of success in Bitcoin but I am not able to achieve much success in Ethereum but I hope to achieve a lot of success in Ethereum very soon.
We know that investment is the best profitable system for earn huge profit in cryptocurrency market. So i decided to invest big amount in cryptocurrency market. Because i think it will be best way to make money easily in cryptocurrency market. So i am also agree with your comment. Because we know that long term investment is very profitable in cryptocurrency market. But if we follow in the market and want to try understand in cryptocurrency world, i believe that we must be success in cryptocurrency market.
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In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
Of course, it is important for investors to have a long-term plan before investing. Without a long-term investment plan, he or she can never achieve much success. But with some coins you have to set a long term plan as the future of the coin is very bright. Now if we plan long term with coins that have no future then our long term plan will never succeed because when there is a little dumping in the market all those coins will dump more and investors will get scared out of themselves. Especially Bitcoin, Ethereum, Solana, BNB, with all these coins you have to plan long term but you will see success. I'm moving forward with long-term investment plans with Ethereum and Bitcoin. Although I have a lot of success in Bitcoin but I am not able to achieve much success in Ethereum but I hope to achieve a lot of success in Ethereum very soon.
We know that investment is the best profitable system for earn huge profit in cryptocurrency market. So i decided to invest big amount in cryptocurrency market. Because i think it will be best way to make money easily in cryptocurrency market. So i am also agree with your comment. Because we know that long term investment is very profitable in cryptocurrency market. But if we follow in the market and want to try understand in cryptocurrency world, i believe that we must be success in cryptocurrency market.
Purchasing the cryptocurrency is a high profitable activity for participants of the market, but at the same time, very dangerous. What needs to be understood is that the price in the case of Crypto-Currencies is almost always fluctuating which means the value of investment can vary greatly. Hence, before going deep in buying tokens, it is advisable to master more about the working of cryptocurrencies and the triggers that affect the value of currencies. Better understanding will lead better decisions regarding the investments to be made and most probably the possible loses.
Updating oneself on market trends and always adding new knowledge to one’s experience becomes crucial for every participant of the crypto market. Using long-term investment strategy, however, is a good option and though it is a long-term play, it also should be managed with care and sound risk management approach. Investment diversification is important to retain investment stability so as not to put all your investments in one basket. Be wise using your own money and seek advice from any expert if you need to invest a lot of money.
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Yes, people often invest in crypto with specific events like an ETF approval, expecting a big price jump. But markets do not always react how we think they will and it can be frustrating. Even though Ether's price might not move when you expect, it does not mean it won’t in the future.
For investors, the key is patience. Crypto is very unpredictable and success often comes with holding on for the long term. Timing the market is tough, so instead of focusing on immediate gains, it will be smart to have a long-term plan and stay committed. What does not work out now, can actually turn out to be a much bigger opportunity later.
I totally agree.
Invest for the long-term if you want stability for yourself and your nerves as well. Choose BTC or big alts and apply DCA for them to see the results in a year or two. It will be worth the effort, and funds, and not risks would be attached, mostly.