Quote from: bayu7adi on July 30, 2024, 01:46:48 AM

We know that not all plans can go smoothly as we wish...A backup plan for the possibility of something worst happening must be there... so what is your plan when you experience a huge loss in cryptocurrency?

Here we can exchange ideas for preparation if the worst comes to us.... considering it I think it's not a bad idea.

A huge loss in cryptocurrency will be far avoided because I will not just go on a trade without taking a proper risk management approach. With proper risk management, I don’t think I need a back up plan for my trading because I will only lose what I can afford and the greatest thing I will get from there is to learn from my mistakes and apply it when I’m trading the next time.

Having a back up plan to me is like having a second choice to trading which I feel trading should be my second choice and not the other way round. Trading is more like a game of probability, you get perfect with time but that doesn’t mean you can’t always lose, you’ll definitely experience loses, so keeping is as a second option will save you more than it’ll help you.

The day I First recorded my $200 loses from a single market drop and accumulatively list around $1000 with in two weeks, I began to realize that the bigger your investment the bigger your loses, and at a level you lose more if you actively involve you investment in daily trading trying to take advantage of market volitilities, most especially if you are impatient.
Some of those loses came as a result of me venturing into investing in other coins and trying to trade them, but now that I have that experience, I can never fail victim to such bad investment move, because hard it been I left all my investment in Bitcoin, my total loses couldn't have raised to such high level with in that short period of time without the possibility of recovering at some point.

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The scientific and professional content of the code for the ecosystem is the biggest advantage of Cardano. The growth of the Cardano ecosystem in 2021 is a good sign so I also expect an explosion of ADA in 2023-2025.

A very nice view but do that really mean so much? We have other of the competitors like matic, Sol has a very good professionals programming. I think ada is good and will do well because of us we the community. The community has really stand with this project and has really sell it out. There is no day pass that you will not had about ada on coinmarketcap and twitter so I think the community should have the praise.

By the end of 2023, the price of Ethereum was slightly above two thousand dollars. Currently, the price of Ethereum is the same. I think Ethereum will surpass $4000 in the year 2024. Ethereum is a stable coin that does not rise in value easily and does not fall in value easily. It is expected that the year 2024 will bring good results for Ethereum and the price of Ethium will increase further this year. I think the bull market upside can be seen in Ethereum as well.

Among the coins that I have been encourage people to buy last year was Ethereum.it has done well in the previous bull years and it will do well this year again. I am forecasting Ethereum to go as high as $5000 or $6000 sometimes before the end of this year.

Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.

If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.

Always Start accumulation very early, don't wait until when bull market is close before investing.

Buying low and sell high has been the most infective ways of making money from the cryptocurrency market, Bitcoin inclusive. Many people violate this law of investment and that is why they keep losing money.we should also no the different between risk capital from investment capital if  we want to analyze right time to invest. Buying Bitcoin in 2022 and holding till 2024 may be capital tired down for some people were as that same money could be put in day trading and people will still make more than what they could make by tired down their capital for many years.