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Messages - Jamal Aezaz

Pages: 1 ... 3 4 [5] 6 7 ... 69
61
Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: June 07, 2024, 06:33:29 PM »
Of course, that's the right way to apply. When you make a profit on altcoins, you immediately transfer the profits you get to Bitcoin because the profits will increase even more, because Bitcoin is a long-term investment and has very little risk.
You are right, many are afraid of investing in altcoins because many altcoins are scams, but when it comes to profits, they are no less and are often even higher because the value we invest is usually greater than investing in bitcoin, whose price is already high. That's the only thing that ultimately makes the difference.
You always have to be wise and be able to find which one is more profitable because the goal is to make a profit by investing.

Some people don't have enough money to buy bitcoin directly so most of the time they purchase low value coins and take out the profit when it grows higher so in such a way they can buy Bitcoin by utilizing the profit from altcoins.

There are many scam projects but only knowledge can help you to avoid scam and invest in profitable altcoins so try to do investigation and make a detailed study that can aid in making the right selection. If you give your precious time to investigation then altcoins will give you precious outcomes for which you are dreaming for lots of months or years.

62
Investing emergency money in any type of high-risk investment (be it Bitcoin or anything else) is always a stupid idea, even if some get lucky and the stupid move pays out with big profit.
Emergency funds should, by definition, be easily accessible and making a profit on them is not their primary purpose.

Emergency fund is that amount which you can use anytime for sudden changes without any stress so if you put an emergency fund in Bitcoin investment or some other coin investment so you will not be able to take it out during the condition when you need it the most.

One should understand that the money for investment or emergency fund should be saved differently so he will not be distressed for the money during emergency as well as about his investment therefore he can keep his investment longer until he gets profit through it.

63
Actually people are not aware of the future and nobody knows what will happen in the future but I think if we have missed the chance in the past then we should not regret it because we are alive and we can take benefit from current situations.

There is no fault of those people who did not believe in the success of Bitcoin because at that time Bitcoin was not such a successful coin like that today. But those who are missing the chance to invest in Bitcoin now will totally be wrong because everything they are seeing with their own eyes so they should not skip its advantages if they have money.

64
Cryptocurrency Trading / Re: Do not sell, Just HODL (v2)
« on: June 07, 2024, 12:29:31 PM »
actually we have a better run before that halving day than after comparing to what we have experience over the years
that the market will respond better after halving and will take a rest before that day
but this time there is a reverse and with this I think we will be needing to wait longer than what we expected ,
at least this whole year?
but like what advised by OP lets keep HODL till we reach our target prices.

Currently the price is far better than the previous price as it hit 71k$ again for Bitcoin so I think if someone has waited for years then waiting for some more months should not be difficult for them. Success requires sacrifices so if someone wants to take benefit from this bull season then he should sacrifice his precious time and eventually when you get profit then you will be happy for this patience.

There will be different targets set by different investors but we should not follow them because we can use our own mind for making better decisions so select a target, increase your patience and let's see what happens next.

65
Cryptocurrency Trading / Re: Trading is not same thing as Gambling
« on: June 06, 2024, 08:19:19 PM »
Even by knowledge, Trading and gambling are not the same, they are not even close. The only thing that joined the two of them is that they are both risk way of making money but the degree of gambling is above and high than that of trading. Gambling will take away your money completely but trading wouldn't if you do a regular trading.

If you do gambling and you lost, your money is gone and the money goes to the casino and doesn't has policy of returning it back to you but as for trading, you can buy a coin leave it on your wallet for a long time you want, you can sell when feel like you are having enough profits already and you don't need to even panic if the coin goes down, they always go up after some times.

As gambling can take away your money completely after a single wrong bet so similar can happen with trading also like if you choose wrong coins and suddenly that coins get scam then think that what will be the outcomes? Will the outcomes be similar to gambling? Or will the scam project again go higher and will turn into a worthy project? No it's not easy and not possible therefore try to understand that the main thing between gambling and trading is knowledge.

In gambling nothing can make you successful even if you learn from different sources, through watching different videos and applying various techniques but still there is a greater chance to lose money while in trading you can be a successful person once you learn about the selecting idea of coins.

66
Cryptocurrency Trading / Re: Fear or greed
« on: June 06, 2024, 08:09:38 PM »
Humans have emotions. In trading, there's also emotion involve which is fear and greed. It's normal to have this emotion sometimes because it involves money. We are afraid of losing the money that's  why we have fear; and afraid of not making money that why we have greed. The more money is involve the higher the emotions it will be. Since we can't avoid this emotions, all we need is to be discipline so that you can't let your emotions to control you. As a result, the probability of winning your trades will increase.

I think that wealthy people can easily manage their emotions because they already have huge money so losing a small percentage does not matter for them but those who belongs to a middle class family will surely be feeling sad after losing money.

Sad or happy feelings are not possible to hide but greed can overcome a certain extent if a person knows about setting a target price for selling. Greed and fear are those emotions which can be reduced or eliminated if a person works for it otherwise without a person's own hard work these two types of emotions are difficult to manage.

67
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: June 06, 2024, 07:58:53 PM »
Actually the two methods, both DCA and Buy and Sell to benefit are a good way. Even though lately I focus more on trading from Darin on the DCA. Because I have a need that I have to paid with trading profits. I only small investors, long-term Hold Pung not in large funds, only gathering from trading in the past.

The better way in my opinion is investment through using the method of DCA because it is not so stressful while trading is more risky but still if someone is gaining good profit from trading as compared to investment then he should continue trading.

Everything depends on the percentage of profit so one should be a part of that methodology through which he earns more and loses nothing. Some people are investing that amount which he has obtained from successful trading and this strategy is also beneficial Strategy.

68
Cryptocurrency discussions / Re: Do you still believe in old coins?
« on: June 05, 2024, 09:26:49 PM »
Old coins that have been surviving in the market for a long time and are increasing in value day by day must be trusted like SOL can be an example.  It is a coin with a lot of potential for the future where investment can make a lot of profit.  There are many old coins that have a very good future so they must be trusted and invested in.

Order altcoins are trusted because they are well tested coins so everyone is familiar with its success but people often try to choose new coins as they have heard that they will give them abrupt and huge revenue but all heard information is not worthy.

Solana is a good project and is more trusted and accepted currently due to its booming favorable outcome and immense demand. Old coins have clear history so its success is obvious while the success of new coins always remains hidden until it goes higher in worth and does not add itself in scam projects.

69
Our main enemy is ourselves, and greed comes from ourselves, so that's what we have to fight so that it doesn't control us and make us fall into unwanted situations.

In any case, greed will always end badly and as much as possible we should not follow it. The reason is that I believe everyone has that feeling, because it is a characteristic that humans have. So we have to win the war against ourselves.

Our main enemy is our emotions of if we work a lot and learn everything regarding the field but have no control over our emotions then all our efforts will be useless. We should first learn how to continue our journey of success without involvement of greed and other types of emotions.

Learning about the market is easy but controlling emotions is difficult therefore use your active mind to get lessons about trading and investment but focus more on how to avoid loss by learning from loss instead of crying for your whole life. Those who use their loss and mistake for getting Knowledge and try to never do that again will not be trapped into unnecessary losses in future.

70
Agree, there are some investors who don't dare to take the risk but change their policy leading to further losses. Those who are afraid of a bear market will not have the opportunity to fill their bags in a bull market. There are some investors who are always in dilemma. Those investors who are not eligible to invest but they do that. Such type of investors selling pressure increases. They magnify small corrections and their frustration increases so there is no opportunity to make profit from their investment.

People don't have knowledge that they should fill their bags during bear season and should fill their pockets during bull season therefore they often get scared of bear season during which price reduces. There is proper knowledge regarding buying and selling in different sources but people don't make themselves tired in order to get involved in the accurate learning process.

A good trader is always in search of finding an opportunity to make investment while newbies are not thinking about buying  more but want to sell their coins during dropping of value due to their fear of loss. If a person has good knowledge then he will not Ramble here and there but will work by creating new thoughts according to his learning.

71
Cryptocurrency Trading / Re: Do professional traders lose money?
« on: June 05, 2024, 07:53:44 PM »
Patience is really needed in trading. because if we don't have patience then we can make careless decisions that can cause us to suffer fatal losses. So patience is indeed one of the important things in trading that we must always apply so that we can avoid FOMO and other things that can cause us to experience losses.

Patience is needed for each and everything in life because without patience if we make decisions in a hurry then we will face troubles in life so we should first think with patience and then find a solution as there is a solution present for each type of problem.

Sometimes the situations are not good for making investments but people who lack patience will buy at a higher price without waiting for the right time so in such a case they will suffer a lot due to their lack of patience.

72
It is obvious that one can earn money from different sources. What I like about trading is that it requires no physical effort but pressure on mind is as intense. It is like a business, unpredictable, but if consistency is maintained, it will yield profits sooner or later in most cases.

Physical efforts are not so stressful as that of efforts of mind therefore I think trading requires more time and concentration to learn and become a successful trader. One should always choose a platform where there is less volatility and a person should be completely familiarized with the job he wants to do.

One can lose as well as win but both results are not predictable because sometimes the market does not co-operate while sometimes we lose due to our own blunders. Trading is profitable and one can earn more money as compared to a person having a job but it all depends on your efforts, knowledge, market condition and awareness of market fluctuations.

73
Cryptocurrency discussions / Re: What Altcoins Do you have?
« on: June 05, 2024, 07:31:10 PM »
Yes i also think bull session coming. Many people holding many Altcoins. I also have some Altcoin. We saw last bull session Altcoin given us good profit. So i am also holding some Altcoin. I think future bull session we will be huge benefited.

XRP, Dot, Pbr,  ltc i am holding and we know there are many Altcoin available in cryptocurrency market. If we collect proper Altcoin then we will be benefited there has no doubt.

Bull season has been initiated and those who are interested in altcoins have grabbed good altcoins because they know that increase in Bitcoin price will also be favorable for altcoins holders.

Your hold coins are good in terms of progress as it will soon rise to highest value once the market becomes more bullish but I think you should also add some top altcoins as the chances of top coins are more to grow in coming months like that of Ethereum.

Collection of altcoins matters a lot and your profit is totally dependent on your collection so give time to research and then diversify your investment as buying just a single coin with huge money is risky.

74
Crypto does not consist of just trading and investment but there are lots of other ways of earning but still people want to become rich quickly through trading and investment which is their big fault. I think if we utilize our own mind and do about which we know better as well as if we choose a less risky method of earning then we can make a huge amount without any stress.

The trading and investment will only give you profit if you have knowledge and your hold coins have previous successful history, means that the coin should not be a scam. Mistakes will make you master with the passage of time but it is a must to learn from those mistakes instead of leaving the opportunity.

75
Cryptocurrency discussions / Re: Cryptocurrency good or bad for loan?
« on: June 04, 2024, 09:16:07 PM »
Is very wrong to take loan in other to invest in cryptocurrency, in crypto anything can happen because is very volatile so it is advised to only invest what you can avoid to lose.
Taking loan for crypto investment is a no for me.

Yes it is not suited well to take loan for crypto because you don't know that your future in crypto will be bright or dark and also you don't know that the coin which you are selecting will give you profit or not and if it is profitable then how long it will take to give you return.

Our thoughts should not be for short periods but we have to think about our future too because if we take a loan and then suddenly we lose this amount then returning that amount back to the owner will take a long time because we will have no Money to continue our investment or give that amount back to the owner.

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