Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Sukii on September 26, 2024, 11:11:52 PM
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
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To be honest, I am not well-versed by what you mean by "playing safe" all because if you want to be doing that then do not make the mistake of being a trader....just HODL. I understand that you may also be afraid of the risk of losing your money...and in that case just buy the best coins in the market and forget and let them grow them for years. Of course, do not forget your private keys to your non-custodial wallet. Trading is always risky and if you are skillful and knowledgeable enough you will know how to minimize the risks and come out as winner. I have never seen a trader who will tell us that playing safe is the key. You must a strategy that can be working for you in the end after some ups and downs.
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We know that trading is the best profitable system in cryptocurrency world. But if we can not understanding in cryptocurrency market, we must loss in trading or investing in this market. So we must try to understand that, we can be a expert trader in cryptocurrency market. Because i believe that an expert trader can huge profit from this platform. So i believe that we can be a big trader by playing it safe. Because i believe that long term investment and trading is the best way to earn best profit in cryptocurrency market.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
I don't think so. Most millionaires and successful people whether traders or not, they're not scared of risks. If you're playing safe, that's possible but to say that you're scared, there will be things that will stopped you from doing huge trades. I'm not discouraging you but be a risk taker and remove that scare on yourself. Be brave and just keep on trading, you'd be successful one day whether you rich your first million or first hundred thousand or thousand through trading means.
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What do you mean by playing it safe, whether it's about the type of trade used or anything else?
If you want to become a successful trader, then learn technical analysis and fundamental sciences and make your trades with your best strategy.
A millionaire also comes from trading, but they have quite strong capital and continue to be developed.
It's not easy to build a multimillion-dollar portfolio from trading, if you don't invest for the long term, either.
There are many millionaires born out of trades that started with holding bitcoin when it was very cheap and selling it now.
So anything can happen in crypto, depending on how your business is and your determination to be able to grow.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
Trading is time consuming. Trading will take your time. Trading will make you feel working all day long. It concentrate more work on your brain. It would have been good if someone make money from it, but after also consuming internet data, many traders will find themselves losing. Do not expect millions from trading. If that is how easy it is, everybody would have become a millionaire.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
Trading is time consuming. Trading will take your time. Trading will make you feel working all day long. It concentrate more work on your brain. It would have been good if someone make money from it, but after also consuming internet data, many traders will find themselves losing. Do not expect millions from trading. If that is how easy it is, everybody would have become a millionaire.
I do agree. You will need lots of effort and sweat poured into it to see the results. But they will be worth it if you are determined enough.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
You can mate, it take only your time and patience. With each trade you take bothe the successful once and those that don't go as planned, you learn a new thing and gain even more experience.. playing safe is a way to minimize the risk of losing too much of your trading capital so even after a loss, you still have something to get into the market again. I used to have this mindset that when you go all in, you make bigger profits. Yes it's true for some traders but that's only reckless. The market might get ahead of you and stop you out before it even begins to move in your direction. So play safe
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
I don't think so. Most millionaires and successful people whether traders or not, they're not scared of risks. If you're playing safe, that's possible but to say that you're scared, there will be things that will stopped you from doing huge trades. I'm not discouraging you but be a risk taker and remove that scare on yourself. Be brave and just keep on trading, you'd be successful one day whether you rich your first million or first hundred thousand or thousand through trading means.
I myself interpret playing it safe as not entering the market at all or never trading, because every time we trade it is not a safe place, so the statement of safe also raises new questions in my brain.
This is not easy at all and is also full of risks, so it takes very high caution and must also dare to take risks. If we are not brave enough to do it, then I think we will never trade, and even if we trade, in the end there will definitely be regret.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
Very few traders become millionaires solely by luck. They amass significant wealth through dedication, market experience, and a solid understanding of risk management, psychological control, technical analysis, and macroeconomics.
Safety and discipline are paramount in trading. Traders who lack awareness of these principles often face account blow-ups and are unable to recover in the market.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
I don't think so. Most millionaires and successful people whether traders or not, they're not scared of risks. If you're playing safe, that's possible but to say that you're scared, there will be things that will stopped you from doing huge trades. I'm not discouraging you but be a risk taker and remove that scare on yourself. Be brave and just keep on trading, you'd be successful one day whether you rich your first million or first hundred thousand or thousand through trading means.
To become a successful trader, it's essential to manage fear and emotions, as they can cloud judgment and lead to impulsive decisions. Many millionaires, including those made through cryptocurrency trading, have taken calculated risks to achieve their goals.
Taking risks is a necessary step towards achieving success in any field. Hard work, dedication, and perseverance are essential for turning ambitions into reality.
To overcome obstacles and achieve your desires, it's crucial to acknowledge and eliminate your fear and develop a positive thinking and to be courageous. Set clear goals and work towards them. By adopting this mindset, you'll be able to pursue your dreams, overcome fears, and achieve success in trading and beyond.
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Whether you play safe or not you must trade with money and if you trade well you can profit but then the profit you make is solely determined by the amount of money you use to trade. A trader who wants to become a millionaire quickly must invest a significant amount of money in his trading.
Personally, I do not believe in investing a large sum of money in trading, nor do I seek a high profit. I try to be as mindful as possible. I would rather not gain than lose an amount that will affect me emotionally and mentally. This is why I have a limit on how much risk I can take.
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Remember op, all millionaires or business people are risk takers, no business person or business minded person is not a risk taker. That's why they become even richer in the future because they are risk takers. They don't care or they don't get carried away if there is a chance that they lose in an investment opportunity.
That's the mindset of successful traders who are different here in the crypto space field also op, because if you are not a risk taker you can't be
here in this field industry, that's all.
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If your target is long-term, it can be. As long as you are earning money and not losing it, it's good. Even if a small percentage of your profits are being made, you must ensure you are in it for the long haul. It's better to have a long-term target than just a short one.
Remember as well that if you have profit already, take it.
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The way I have found to achieve such a thing is by making movements that are long term, that is, for each movement if I earn 1 or 2 usd I leave it there for that day, and if I apply that every day then I will see long term results, in the case that in the day I lose a maximum of 3 usd, well it is something that tells me that I should not continue any further, that is what I always apply, some will say that it is very little money, but for me it is enough to see trading as a business, those who see it as something to get rich will not go far to achieve their objectives, since trading is Sometimes complicated in its understanding and more so if we want to earn money quickly and a lot of money.
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Long term traders did it by just letting time pass. 5 years later their investment has already turned big and enough for them to participate in buggers investment.
Or you can just join the rest in buying the tokens that are about to pump. Memecoins are good ways to make it big as trader in crypto. Keeping your stable coin in the bear market and then buy when the price is already down to it's last dip.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
We surely need to take risk if we want to make big, especially in trading we sometimes have to risk to make profit I don't really get why you said safe as IMO there is nothing safe in trading, as all trades are risky some are more risky while some are not.
If you have done trading then you must have took risk and if in your opinion, some of them were safe then you must stick to that method or way of trading because that's only how you can improve and find more safe trades. You at least have a category to approach that this way is safe and this way is risky I assumed from your post.
I suggest if you want to make millions going the risk way is necessary because otherwise it can take a lot of time.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
You can certainly make millions by playing safe but it will take a lot of time because by playing safe and not taking risk a trader cannot make enough money. In order to become a successful trader taking risks should be our first power and not panicking on big losses should be our second power. I don't know much about trading but playing it safe can really take a lot of time to make a million.
Risk is necassary and whether it's the small risk or big risk we must take it and in even real life we are taking risk all the time we are driving to work and home we are risking our life because even on four wheels accidents can happen we are always at risk but we must move by following rules and stick to our side and plan then we can make it.
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Long term traders did it by just letting time pass. 5 years later their investment has already turned big and enough for them to participate in buggers investment.
Or you can just join the rest in buying the tokens that are about to pump. Memecoins are good ways to make it big as trader in crypto. Keeping your stable coin in the bear market and then buy when the price is already down to it's last dip.
The risk in trading is very high and hard for you to play safe because majority of traders run at loss. It's better if the OP should buy bitcoin and hodli since he is new in the cryptospace, rather than trying to find a means of getting rich quick. Trading is complex and hodli is very easy. This is why he should invest more and sell not. Bitcoin is a game changer.
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I would have to agree with other comments about playing it safe long term. You might not like Buffet but he's one of the guys that said something like sitting on an investment for some time and you'll reap the benefits. You don't have to be aggressive by doing multiple trades per day/week or by betting on new tokens with 'potential'. You can stick to established coins and sit tight.
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I would have to agree with other comments about playing it safe long term. You might not like Buffet but he's one of the guys that said something like sitting on an investment for some time and you'll reap the benefits. You don't have to be aggressive by doing multiple trades per day/week or by betting on new tokens with 'potential'. You can stick to established coins and sit tight.
When talking about safer, yes long term saving will be safer than trading especially ending with elevation. yes if we want to play it safe it is better to stay away from daily trading which is known to have a much greater risk. even if it is future market trading, it will be much higher risk, although the level of profits can also be higher but because the risk is also high, then we must be more responsive and also smarter in managing our assets, whether we are really able to do it or better invest in top coins and for the long term, without bothering with various indicator analysis and daily candles.
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If you are trading with very small amount I don't think you can make it in millions there's still a risk if you want to make your small amount capital you have to use the leverage to make a huge profit but still still its risky because if your predictions fails without risk management your capital might end up liquidated..
Since you want it safe far from liquidation better trade on spot only buy when the price is drop or oversold then hold for long term.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
No traders automatically becomes a king with them passing through the tin road before passing through the larger way. And of course you can become millionaire by trading but it has to take time to work, because you can't start immediately and expect to become successful without you putting up much efforts and skills to study how the market works more better than ever.
Though trading is simple, when you have the right coin to trade then you become successful with it and most people often go for the hype coins which could give quicker returns.
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To be honest, I am not well-versed by what you mean by "playing safe" all because if you want to be doing that then do not make the mistake of being a trader....just HODL. I understand that you may also be afraid of the risk of losing your money...and in that case just buy the best coins in the market and forget and let them grow them for years. Of course, do not forget your private keys to your non-custodial wallet. Trading is always risky and if you are skillful and knowledgeable enough you will know how to minimize the risks and come out as winner. I have never seen a trader who will tell us that playing safe is the key. You must a strategy that can be working for you in the end after some ups and downs.
Playing safe is never the best option for a trader. Because if one don't engage in trading, or one is afraid of loosing, it will be difficult to earn big. The best is to trade skillfully and be knowledgeable in how to avoid risks.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
By playing it safe, do you mean not risking too much while trading? By taking it gradually in trades and taking profits until your become a millionaire? It is very confusing though but those are the two things I can think of when trying to assimilate what you mean by playing it safe.
As a trader, you’ll have some rules guiding you before taking any trade that comes your way. You’ll need to have some confirmations that only you can tell well when you see them in trade, you can confidently enter it. That’s understanding your risk level before taking on any trade.
Success in trading doesn’t mean earning a lots of money from few trades, but success in trading doesn’t means getting profit from 70% of trades you take to make money while putting your risk management in check.
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It's possible but not easy, I assume play safe which implies low risk strategies for your trades which itself is subjective because one might consider something as risky while others don't. Trading or investing totally depends on capital so if you want to make huge money then you need to be loaded so that you can do whatever you want, with less capital still possible to make money but you need to keep doing it consistently for long time.
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It's possible but not easy, I assume play safe which implies low risk strategies for your trades which itself is subjective because one might consider something as risky while others don't. Trading or investing totally depends on capital so if you want to make huge money then you need to be loaded so that you can do whatever you want, with less capital still possible to make money but you need to keep doing it consistently for long time.
I agree, the bigger your capital the bigger your potential profit. You can't earn big with your small capital especially if you are trading with spot. You can also use leverage with your small capital but it's not advisable especially to beginners because the risk is too high. That's why if you want to play safe, trading with spot is the best choice. While trading with a very low risk, there is also no liquidation, so you can hold as long as you want.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
When you say, "playing it safe", that means not losing a single penny on your trades I assume. If that's the case, then no. In investing, there's no such thing as "safe" because everything has risks. Investing in general has risks involved, and when it comes to trading, the risks depend on many factors such as your knowledge, your experience, how good you are at controlling yourself and your emotions, etc.
If you want to be a successful trader, you must know how to mitigate risks. If you want to be a millionaire, you want to at least learn risk management first. If you want to be an expert trader, learn how to control your emotions, and learn a strategy that works for you as well.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
In my personal point of view I believe in "no risks, no gain" but that doesn't mean you don't have knowledge about a sector you are taking risk for becoming a Millionaire. That will be just foolish.
What a think about this "no risk no gain" I mean I will define this like this way when we will take the risk on a sector we must properly have knowledge about that sector and also know the risk factor and also have the idea how to face those risk factor and then take the risk and become billionaire not only just Millionaire.
But we should also must know that crypto investment doesn't mean the quick rich scheme.
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I would love your opinions on this
You make it as a trader if you play it safe, and by playing it safe, you mean you should intimate yourself with deep knowledge of risk management because we need knowledge of proper risk management. You would be able to grow your portfolio knowing how to take proper risks when necessary. If you take blind and uncalculated risk as a trader, you would end up blowing your account and may get discouraged from trading that you would want to quit.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
Yo, I think it depends on how you define ‘playing it safe.’ If you’re focused on risk management, consistent strategies, and compounding gains, you can grow your portfolio steadily. But becoming a millionaire might take longer that way. On the flip side, taking calculated risks (not reckless ones) is often where big wins happen. It’s less about being ‘brave’ and more about knowing when to trust your research and gut. Safe doesn’t mean small, it means smart.
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Surely you are familiar with this concept, who dares to take big risks, he has the opportunity to get big income ... yes, it is indeed a bit scary for some people who have stable finances ... but we don't actually have to take big risks every time, we can take small risks but consistently to get profit ....
Success is not something that can be achieved instantly, but it is an accumulation of experience and taking advantage of existing opportunities ... so, I personally with the risk profile that I have, tend to prefer something that is safe but definitely produces even though it is small ... just increasing the number of branches will also be profitable ...
As long as the income is greater than the cost of our needs, our assets will continue to grow continuously.
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taking calculated risks (not reckless ones) is often where big wins happen. It’s less about being ‘brave’ and more about knowing when to trust your research and gut. Safe doesn’t mean small, it means smart.
going out of our safe zones does not have to mean that you will always throw yourself out and take big risks but it is crucial that you know when it is worth it to take the risk some people are too scared of taking the risk even if there is a larger chance of profit they want 100% safe but that is not to happen that is impossible
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IMO, playing it safe is only way to make it big. Playing risky may give you high reward at times, but eat you up the same at times and you'll be back where you started.
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Originally, cryptocurrency was intended to be a model around the world in terms of payments. But currently the people are investing in cryptocurrency to earn money. It is not as easy as it seems. Due to lack of understanding many people are losing money coming here or many are leaving this path. Investing in cryptocurrencies for the long term is an ideal strategy. Buying and holding one of several popular cryptocurrencies is a good strategy. Coins like bitcoin and ethereum are volatile in the short term but profitable in the long term. Trading can make quick money, but it's not the best strategy for everyone. Many people have gotten rich from crypto just by holding.
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IMO, playing it safe is only way to make it big. Playing risky may give you high reward at times, but eat you up the same at times and you'll be back where you started.
I don't support this. When you always want to be safe you lose out in so much gains and so how possible will it be to make it big. Some people do not understand what it means to take a risk. Even the person who plays it safe is taking a risk because his trading may not go as planned despite his caution, and he will lose the little he has been protecting.
Traders who take calculated risks, in my experience, perform better. Knowing when to make large trades and when not to is the most profitable strategy for a trader. This knowledge is vital. Assume a person with more knowledge of trading does not trade because it is not a good time to trade, whereas another person with less knowledge of the market but believes in playing it safe may trade during this time and lose money.
To me, knowing when to trade is important because whether you play it safe or take a risk at the wrong time, you will not profit.
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Playing safe is same as risk management. Yea I guess as a novice trader who is still trying to navigate the crypto market, you should apply proper risk management. Pro traders already have a upper hand and knowledge to take such risk and they took years of practice to acquire such heights.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
there is no safe in trading,just get an expert advice on the right broker,and also learn to trade stock and evaluate the market.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
there is no safe in trading,just get an expert advice on the right broker,and also learn to trade stock and evaluate the market.
In addition there should be a level of patient to learn and explore different methods while learning trading, though from the beginning it could be hard but most times when keep regularly learning and practicing gradually you becomes used to it, again its very important to trade with the amount they can afford to lose and also focused on having the basic knowledge required than looking at the profits to gain from trading. I think this is where most people got it wrongly.
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The bigger the risk you take, the bigger the opportunity you get... if you mean playing it safe on some low-risk assets, then you have to agree that it will take you longer to become a millionaire...
There is nothing wrong with the path chosen by each person, because everyone has their own risk profile... if you want to play it safe, you can make long-term investments in strong assets such as BTC or top altcoins... do entry with DCA so you won't be too disappointed when buying at a price that is too expensive... do it routinely and consistently for 4 years, it can really give you benefits...
If you start to feel comfortable with what you have mastered, you can increase the amount of investment you make. that's all.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
The best way to play safe in the crypto currency market is to buy the deep, hold and wait for the price to increase, there you can safely make out your profits. When buying coins, look from the to 10 or 20 on CMC, these are coins that will literally bring up profits that are safe and won't disappear into thin air.
But, when it comes to trading, without risk, there would probably be no gain. The risk of losing one's entire portfolio is hard to fathom, but with proper knowledge on how the market works, will give you a cutting edge on how to manage the losses that can come your way, by using the available trading tools.
No trader will tell you the road is filled with roses and all time wins, there's failures and losses along the line. Learning the needful things for trading can always be useful in the long run.
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Playing safe is same as risk management. Yea I guess as a novice trader who is still trying to navigate the crypto market, you should apply proper risk management. Pro traders already have a upper hand and knowledge to take such risk and they took years of practice to acquire such heights.
And a proper risk management for crypto traders newbies is to start with the amount that they can afford to lose without it affecting their financial life. Trading in this limited capital, the trader will learn some needful things and gain some experience along his trading journey. Trading requires a lot of knowledge, experience and self discipline in other to fully be able to manage the risks when trading.
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IMO, playing it safe is only way to make it big. Playing risky may give you high reward at times, but eat you up the same at times and you'll be back where you started.
Taking risks isn’t totally wrong but not calculating those risks before taking them is where the actual problem is. Some traders often proceed with the idea there are no rewards without risks, and while this statement is also true to an extent, it’s still important to understand that not all risks are worth taking, not just in trading but other areas too, and proceeding with those risks would only result in regrets.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
there is no safe in trading,just get an expert advice on the right broker,and also learn to trade stock and evaluate the market.
Playing it safe is more of an investor's type of mindset, in my opinion.
And surely, trading has more to do with risk than investing - that's how it always was. Of course, much more is needed to try to "play it safe" even there, but I would suggest other ways for the OP if he wants stability.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
If you want to be a millionaire but you feel scared or worried then I think you will not become a millionaire if you feel like this or, how did I say it? because have you seen or heard of millionaires or people who became rich without trying to be risk takers?
Because no one who has succeeded in business has said that they became successful in their business without any difficulty. There is no such thing, you will not see or watch tycoon businessmen or other businessmen who have testified like that. Because almost everyone has said that they went through a difficult time before they reached the peak of success in business.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
Trading is time consuming. Trading will take your time. Trading will make you feel working all day long. It concentrate more work on your brain. It would have been good if someone make money from it, but after also consuming internet data, many traders will find themselves losing. Do not expect millions from trading. If that is how easy it is, everybody would have become a millionaire.
Yeah, time is money. Any thing that is Worth doing, is worth doing well. The time consumed in trading is not a wasted effort especially if you are an experienced trader, then arning is certain as the time progresses.
Infacts, I think that every business consumes time and there may be known regrets spending the whole time on trading if you are getting the desire result constantly. I can spend the whole day following coin trends and patterns because it is profitable, and it has become my career.
Again, if a trader has a large capital, with good knowledge experiences on trading Bitcoin/altcoins, he/she can become a millionaire, it is very possible.
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Again, if a trader has a large capital, with good knowledge experiences on trading Bitcoin/altcoins, he/she can become a millionaire, it is very possible.
Yes, the keys are:
- Amount of capital
- Capital knowledge
- Understand TA and FA techniques
- Good risk and financial management
- Stable emotional management
- Discipline and consistency
And all of that must support each other, then the possibility of getting more profits than losses is greater. As long as it doesn't depend on luck alone.
The point is that all efforts and hard work are needed and seriousness when trading, not just following hype and signals from certain groups without adequate capital knowledge and preparations.
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The point is that all efforts and hard work are needed and seriousness when trading, not just following hype and signals from certain groups without adequate capital knowledge and preparations.
Following signals from unknown people or groups will only be a mistake that will ultimately make a lot of losses.
When you already know how trading works, know technical and fundamental analysis, then just continue and only need to accumulate trading capital.
Trading capital is very important when you want to start trading and of course it is accompanied by good management.
A professional trader will multiply their capital to more when they find a fairly bullish market and take advantage of its fluctuations.
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IMO, playing it safe is only way to make it big. Playing risky may give you high reward at times, but eat you up the same at times and you'll be back where you started.
Most traders always feel like taking much risks is the best way to maximize profits and quickly, which often leads them into taking certain risks without actually properly calculating them, which of course leads to several unexpected outcomes. Some learn the hard way while some feel they still need to double up their risk taking.
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IMO, playing it safe is only way to make it big. Playing risky may give you high reward at times, but eat you up the same at times and you'll be back where you started.
Most traders always feel like taking much risks is the best way to maximize profits and quickly, which often leads them into taking certain risks without actually properly calculating them, which of course leads to several unexpected outcomes. Some learn the hard way while some feel they still need to double up their risk taking.
I know few people who made it big by taking risks, but it only works when market is in your favor and if you continue playing that way, your portfolio will be wiped out because sooner or later market does take opposite direction .
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The point is that all efforts and hard work are needed and seriousness when trading, not just following hype and signals from certain groups without adequate capital knowledge and preparations.
Suitable and capital also determines the acceleration of money if we invest or trade our money in the crypto market with the note that as you mentioned, all must support each other, both in terms of experience and technical implementation.
One more thing that needs to be understood and often many people are not aware of when it is better to take a break first, don't force yourself to enter and enter the same coin because the price increase has a daily threshold, the rest of the correction is certain to occur.
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I know few people who made it big by taking risks, but it only works when market is in your favor and if you continue playing that way, your portfolio will be wiped out because sooner or later market does take opposite direction .
Bette to take less than to take nothing.
I live by these words and they mostly worked for me in situations where I was ready to be greedy and such.
;)
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I know few people who made it big by taking risks, but it only works when market is in your favor and if you continue playing that way, your portfolio will be wiped out because sooner or later market does take opposite direction .
This strategy is a very risky strategy and thereby requires luck because it involves you taking chances, and when it involves chance, then there’s definitely a two way out of this one, it can either go great or end badly, so except a person is willing and ready to take chances and is ready for any outcome, then he may go ahead to proceed with such strategy.
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What does playing it save really means? Day trading with 1% or less profit from each trade? Or Buying only Bitcoin and selling it as soon as there is profit? I would say that with such strategy it is possible to become rich, but only for 1 day and die after, as the rest of the life will be dedicated to carefully trading 24/7/365. In addition to that, it will be possible only if all trades will be profitable. We arent living in a fairytale. It is impossible to happen, as well as impossible to get rich without risking. And it is also impossible because safe trading isnt enough. I believe that person must be lucky to become rich. Hard working, playing safe will allow only to earn today.
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I know few people who made it big by taking risks, but it only works when market is in your favor and if you continue playing that way, your portfolio will be wiped out because sooner or later market does take opposite direction .
This strategy is a very risky strategy and thereby requires luck because it involves you taking chances, and when it involves chance, then there’s definitely a two way out of this one, it can either go great or end badly, so except a person is willing and ready to take chances and is ready for any outcome, then he may go ahead to proceed with such strategy.
In trading and investing in crypto we are always faced with risks, I will not take a strategy that is too risky because we must understand the consequences if we choose the strategy we will lose our money. but for those who have experience, knowledge and expertise in taking more successful and successful risks, they can do that. but not for me, because I am still in the learning stage of managing risk.
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IMO, playing it safe is only way to make it big. Playing risky may give you high reward at times, but eat you up the same at times and you'll be back where you started.
Most traders always feel like taking much risks is the best way to maximize profits and quickly, which often leads them into taking certain risks without actually properly calculating them, which of course leads to several unexpected outcomes. Some learn the hard way while some feel they still need to double up their risk taking.
It's like, high gains, high risks.
Yes, in trading, the scheme is like that, when we want to maximize the profits from trading, then we have to be able to take more risks. It's just that, on the other hand, we also have to be able to do good risk management so that the results are truly in accordance with expectations and targets.
And of course, a trader who does that, they are usually used to it and already understand it with adequate knowledge. Not a new trader who just carelessly puts up a very large capital but does not have the ability and knowledge to do it. So that's the same as just taking risks to much without any basic.
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In trading and investing in crypto we are always faced with risks, I will not take a strategy that is too risky because we must understand the consequences if we choose the strategy we will lose our money. but for those who have experience, knowledge and expertise in taking more successful and successful risks, they can do that. but not for me, because I am still in the learning stage of managing risk.
Even those who actually consider themselves to be experienced and professionals could still end up incurring significant losses to themselves if they decide to take on such risky strategies. This is because no one is immune to market losses. This is why it is crucial and needed to first calculate the risks involved before deciding to take them so as to avoid any surprises.
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Even those who actually consider themselves to be experienced and professionals could still end up incurring significant losses to themselves if they decide to take on such risky strategies. This is because no one is immune to market losses. This is why it is crucial and needed to first calculate the risks involved before deciding to take them so as to avoid any surprises.
I always take the smallest risk because honestly my capital is not big. I will do more in-depth research and analysis if I try to take a bigger risk. because we know, there will always be risks, even a professional sometimes experiences mistakes and losses.
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I always take the smallest risk because honestly my capital is not big. I will do more in-depth research and analysis if I try to take a bigger risk. because we know, there will always be risks, even a professional sometimes experiences mistakes and losses.
This right here is the reason why most rich traders or traders with huge capitals end up blowing their accounts in a twinkle of the eye. Just because they have a huge capital, they may start thinking that they actually have some kind of immunity or something. I don’t know exactly how to explain this but I’ve noticed it where several traders are. Just because they have huge capitals, they start taking huge risks, and maybe when the money has reduced to a certain amount, that’s when they start calculating the risks they take, by then it’s almost too late.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
Do you want to become a millionaire from trading? If you want to become a millionaire from trading platforms, then you have dreamed too much. Trading is a very risky platform, to make money here you have to take a lot of risks and gain a lot of experience. If you do not have experience in trading, then you will not be able to make money on the trading platform, as a result you will lose yourself in the trading platform. I have not gained much experience in trading so far, as a result I am still losing a lot on the trading platform. So I mean I am involved in trading, I am in a lot of loss.
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It is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.
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The point is that all efforts and hard work are needed and seriousness when trading, not just following hype and signals from certain groups without adequate capital knowledge and preparations.
Following signals from unknown people or groups will only be a mistake that will ultimately make a lot of losses.
When you already know how trading works, know technical and fundamental analysis, then just continue and only need to accumulate trading capital.
exactly, it all won't work if we just follow along without enough provisions and separation. so it's better to prepare yourself as much as possible for all trading activities, starting from coins, price to enter, TP / SL, or other things related to the decision to short or long term. well, this certainly won't be that easy, because those who already have a lot of knowledge must have experience of losing, it's just that the difference is the possibility: proifts more than the loss, of course.
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It is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.
Consistent and gradual approach to trading bring much higher profit than attempts of getting much in a short term. It is also not unwise to seek small but sure gains in order to avoid situation in which potential loss may prove to be too heavy to overcome. Some of the most popular cryptos that were once termed as ordinary have now high value in the market. Just like any other business centre, trading is not a matter of how long one spends but the efficiency of the strategy that is adopted with regard to risks and profits. In the case of getting to the wrong side of the equation, it means there is an issue that requires rectification regarding trading. Enhancing one’s focus on security and more mature strategy will produce more beneficial results in the long run.
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Well I was going through this forum today and this question came to my mind do you think as a trader I can make it big like literally a millionaire by playing it safe because I'm scared and does this mean that if you want to become a successful trader you have a little bit of grade in you
I would love your opinions on this
Of course you could!
I think the answer is a common one already right?by playing it safe you’d mean making the right investment decisions even though losses are still partainable .
The most important key to achieving this goal is particularly consistency.Consistency itself brings about success at the endIt is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.
Well i’m just getting to know about bitcoin been distributed for free while at the onset.This particularly attest to consistency in whatever investment as well as crypto investing.
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It is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.
What makes a lot of trader run at loss is because they don't appreciate the little profit that they made from trading. Instead, they want more and that will make them not close their position when they have seen little profit but leave it open and before you know it, they will get liquidated. This is why you should be satisfied with little profits.
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What makes a lot of trader run at loss is because they don't appreciate the little profit that they made from trading. Instead, they want more and that will make them not close their position when they have seen little profit but leave it open and before you know it, they will get liquidated. This is why you should be satisfied with little profits.
Such traders are only concerned with big profits and are more greedy,
whereas when a little profit is made frequently then it will also result in big profits in the end.
People who focus too much on big profits don't think about the risk of losing that they are not aware of.
When the loss occurs, the decline becomes worse, they will sell at a low price and get a miserable loss.
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It is precisely by trading safely that will make us big traders. Nothing is instant including in crypto trading. Just look at the past Bitcoin was only given for free and distributed by the community but now Bitcoin is big and wide so the price becomes expensive.
Trading should also be safe, meaning trading by looking for small profits but every day there is a profit. Even though we have been trading for a long time in crypto but the end result is a loss, it can be said that we are not big traders but traders who lose.
What makes a lot of trader run at loss is because they don't appreciate the little profit that they made from trading. Instead, they want more and that will make them not close their position when they have seen little profit but leave it open and before you know it, they will get liquidated. This is why you should be satisfied with little profits.
Including being greedy, right? Because indeed, traders are often quite greedy after reaching the desired target price, and then they actually expect more and more. so that they actually lose the moment when they want to take profits. because sometimes, when the price drops, we are not on the market. that's why when doing day trading or short term trading, it would be much better to place SL and TP, so that the losses and no profits will be truly meSPAM BANble.
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If your target is long-term, it can be. As long as you are earning money and not losing it, it's good. Even if a small percentage of your profits are being made, you must ensure you are in it for the long haul. It's better to have a long-term target than just a short one.
Remember as well that if you have profit already, take it.
long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.
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What makes a lot of trader run at loss is because they don't appreciate the little profit that they made from trading. Instead, they want more and that will make them not close their position when they have seen little profit but leave it open and before you know it, they will get liquidated. This is why you should be satisfied with little profits.
One word - greed.
If it is at bay - you won't experience such cases, and if it rises and consumes you - there is nothing that would help your depo to grow.
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long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.
Who requires us to trade? No one.. no one tells us to... even if it is profitable for someone, it doesn't actually work that way for others... if someone is comfortable with something that can be categorized as a long-term investment, they have a thousand reasons to survive and not be interested in short-term trading...
Everyone has their own expertise... and there are also people who can still live safely even though they don't get short-term profits through trading... from long-term investments can be sufficient as long as they know the strategy.
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long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.
Who requires us to trade? No one.. no one tells us to... even if it is profitable for someone, it doesn't actually work that way for others... if someone is comfortable with something that can be categorized as a long-term investment, they have a thousand reasons to survive and not be interested in short-term trading...
Everyone has their own expertise... and there are also people who can still live safely even though they don't get short-term profits through trading... from long-term investments can be sufficient as long as they know the strategy.
In other words, they are both profitable. Maybe it depends on the person what works for him. Of course, he needs to try both to tell which one really works for him. Because we have different execution and our emotions influence it, so even if we have the same strategy, it does not mean that we see the same in the market. So we really need to thoroughly back test the strategies we know because no one can prove it but us. Let's not immediately believe what others say, prove it by ourselves.
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To be honest, I am not well-versed by what you mean by "playing safe" all because if you want to be doing that then do not make the mistake of being a trader....just HODL. I understand that you may also be afraid of the risk of losing your money...and in that case just buy the best coins in the market and forget and let them grow them for years. Of course, do not forget your private keys to your non-custodial wallet. Trading is always risky and if you are skillful and knowledgeable enough you will know how to minimize the risks and come out as winner. I have never seen a trader who will tell us that playing safe is the key. You must a strategy that can be working for you in the end after some ups and downs.
No matter how you look at it , as a trader you must set instrimentalities in place to play safe. You cannot just buy any coin you see just because you are a trader and from your analogy you are still playing safe, the process of looking for the best coin in the market is playing safe
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As a trader no matter what you are trading on you can not rule out the fact that playing safe is key. If you are into coin for instance you must do your due diligence to find out the prospect of a coin before investing in
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long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.
Yes, one of the factors that is very influential for long-term holding is the funds, must be free funds. so that no matter how long it is, it will not affect daily finances or finances that you want to use to do something in a certain period. This will make us holders more relaxed to hold the coins until we really reach the target at least to take profits.
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long-term targets do require free funds that we hold to be able to make a profit and this takes a long time, We should also have short and medium-term targets by trading so that we get short-term income. However, if we already have short-term income from the real world by working, we will be calmer in holding long-term.
Yes, one of the factors that is very influential for long-term holding is the funds, must be free funds. so that no matter how long it is, it will not affect daily finances or finances that you want to use to do something in a certain period. This will make us holders more relaxed to hold the coins until we really reach the target at least to take profits.
that's right, I agree with adana for long term hod need free funds that are not affected by our needs. so we must have good financial management and have reserve funds so as not to interfere with our investment.
We should have a business or job outside of crypto, so that our crypto investment is not disturbed.
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that's right, I agree with adana for long term hod need free funds that are not affected by our needs. so we must have good financial management and have reserve funds so as not to interfere with our investment.
We should have a business or job outside of crypto, so that our crypto investment is not disturbed.
Yes, managing finances is a step that must be done so that the investments that are made continue to operate without interfering with the needs of the day. Specifying that the funds for investment are indeed non sensitivity is effective in addressing different market situations. The other income source reduces stress and panic because you do not need to be involved in hasty activities due to lack of funds. This means that we have the ability to wait, waiting for the right time rather than to sell some ventures at a wrong time. That way, we can run investments more focused and with less stress towards the east-west balance of the reserve.
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We should have a business or job outside of crypto, so that our crypto investment is not disturbed.
This is the ideal, things will always be good when it comes to crypto doing it independently, in the case of some people they only have one job and Hardly have crypto income or vice versa , you also have to consider the amount of time to dedicate to crypto , whether with trading, jobs that pay in crypto, because it has to be done very well so that they can compete, so sometimes it is difficult to have both things and for it to be very good, in the case of some they only dedicate themselves to signature campaigns, but it is a job where the mind has to be active all the time.
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We should have a business or job outside of crypto, so that our crypto investment is not disturbed.
This is the ideal, things will always be good when it comes to crypto doing it independently, in the case of some people they only have one job and Hardly have crypto income or vice versa , you also have to consider the amount of time to dedicate to crypto , whether with trading, jobs that pay in crypto, because it has to be done very well so that they can compete, so sometimes it is difficult to have both things and for it to be very good, in the case of some they only dedicate themselves to signature campaigns, but it is a job where the mind has to be active all the time.
Anything related to crypto, such as signature campaigns, trading, airdrops and so on, is included in the crypto world... while what @doc means is that we can have alternative real jobs in the real world, such as working for a company or doing business with other people... the point is to separate income related to cryptocurrency and income earned from our own world...
The formula can of course focus on one, if it turns out that the other job is just a waste of time... what is certain is that we need a job that can hone our skills to grow and improve so that there will be a time in the future when we become a professional in a certain field... that is crucial enough to save us in the days approaching old age...
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Yes, one of the factors that is very influential for long-term holding is the funds, must be free funds. so that no matter how long it is, it will not affect daily finances or finances that you want to use to do something in a certain period. This will make us holders more relaxed to hold the coins until we really reach the target at least to take profits.
that's right, I agree with adana for long term hod need free funds that are not affected by our needs. so we must have good financial management and have reserve funds so as not to interfere with our investment.
We should have a business or job outside of crypto, so that our crypto investment is not disturbed.
Because indeed thorough preparation for the future always involves money and money. Therefore, financial management must be done very well, precisely, and also wisely. We must think about money for reserve funds, for daily or monthly needs, for various contributions, and other funds. Only then do we set aside free money that will be used to do long-term holding, where the funds do not interfere with funds for other needs. So, that must also be considered very carefully, to still be able to profit from investments, but not interfere or be too forcing from our needs.
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Yes, one of the factors that is very influential for long-term holding is the funds, must be free funds. so that no matter how long it is, it will not affect daily finances or finances that you want to use to do something in a certain period. This will make us holders more relaxed to hold the coins until we really reach the target at least to take profits.
that's right, I agree with adana for long term hod need free funds that are not affected by our needs. so we must have good financial management and have reserve funds so as not to interfere with our investment.
We should have a business or job outside of crypto, so that our crypto investment is not disturbed.
Because indeed thorough preparation for the future always involves money and money. Therefore, financial management must be done very well, precisely, and also wisely. We must think about money for reserve funds, for daily or monthly needs, for various contributions, and other funds. Only then do we set aside free money that will be used to do long-term holding, where the funds do not interfere with funds for other needs. So, that must also be considered very carefully, to still be able to profit from investments, but not interfere or be too forcing from our needs.
I agree that we should have a reserve fund, because sometimes sudden needs are beyond our predictions. especially in long-term holding, there will be many obstacles that we face if we do not use free money. We must have good financial management in order to do long-term holding.
Need a steady income that we use for our living needs.
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I agree that we should have a reserve fund, because sometimes sudden needs are beyond our predictions. especially in long-term holding, there will be many obstacles that we face if we do not use free money. We must have good financial management in order to do long-term holding.
Need a steady income that we use for our living needs.
Saving money is always a good strategy, particularly in view of certain contingencies which may arise. It is quite hard to predict what the financial situation can be in the future, therefore one needs to have enough cash to exist comfortably. Perhaps there are a lot of advantages in making long-term investments, but if they are not controlled, then this is a good source of stress. The availability of the money that has been prepared without compromising the basic necessities in the lives of human beings will offer a level of assurance when going through the process. Second of all, focalization of all the financial decisions will be easier since having a constant inflow of money, all basic needs can already be met without having to adjust the existing assets invested.
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We should have a business or job outside of crypto, so that our crypto investment is not disturbed.
This is the ideal, things will always be good when it comes to crypto doing it independently, in the case of some people they only have one job and Hardly have crypto income or vice versa , you also have to consider the amount of time to dedicate to crypto , whether with trading, jobs that pay in crypto, because it has to be done very well so that they can compete, so sometimes it is difficult to have both things and for it to be very good, in the case of some they only dedicate themselves to signature campaigns, but it is a job where the mind has to be active all the time.
I do day trading and also participate in signature campnye, and this is very profitable for me because I get additional income from crypto.
I only use free time, because I have a busy life in my real world for my office work.
If I don't have a job in the real world, I have difficulty meeting my living needs.
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I do day trading and also participate in signature campnye, and this is very profitable for me because I get additional income from crypto.
I only use free time, because I have a busy life in my real world for my office work.
If I don't have a job in the real world, I have difficulty meeting my living needs.
Thank God you have it, many people would like to have these jobs and do not have access, others study a lot and do not have a good job , Where you have to do many things to be Able to have Something decent, however this is Motivation for people to look for a way to move Forward and look for opportunities, that is why Trading is Also an opportunity that success is Achieved with knowledge, experience and adequate risk, it is not easy but you can get money for it and be able to make a difference.
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Let's say, playing it safe means preferring to buy Bitcoin rather than altcoins.. that means the risk borne is smaller because Bitcoin's volatility is not as crazy as altcoins.. so it can be said that buying Bitcoin is one of the safe investments for the long term.. even though you will see your assets sometimes minus due to corrections, but for long-term projections, Bitcoin will still be profitable.
The size of the profit in the investment you make, of course depends on the money you spend and the assets you buy, even I feel safe investing in Bitcoin, provides no small profit.