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Exactly, Every time we make a mistake in trading, it actually gives us room to correct the way we read the market. It is even possible for people to make a wrong guess of the direction of the price movement since markets are usually influenced something that cannot be foreseen. So, given that we are willing to accept the information and adapt to the outcome of what has occurred the opportunity of enhancing the next step is still possible. I think that not taking into consideration certain information from the market is like living in the dark, while a consideration of the same piece of information can help one to avoid getting lost and guide him/her to move more carefully. So that means we are able to make strategic decisions and not arbitrary decisions according to the present changeful conditions.I agree with your opinion, mistakes are not for us to regret but for us to make as a lesson in the future so that we will not repeat them again.. to trade we must really know the market news and we must even analyze the market so that the coins we save do not experience losses and we can also if the time is right, that's why we have to analyze and observe the market so as not to miss a good moment.
Mistake is not failure but rather feedback which will help the trader improve in his trading decisions especially in a market that is not static. Though the market is not stable but paying attention to market news will guide the trader make fundamental and technical analysis that will help the trader make profitable trading decision.
It is not proper for a trader to trade in ignorance that is, trading without understanding market trends. A good trader must have a background knowledge of the market to make informed trading decisions.
The price in the Bitcoin market depends on the interest of buyers and how many people will sell their Bitcoins. If many people have Bitcoin and do not sell it, the price of Bitcoin will automatically be expensive. That is certain because it is impossible that no one will look for Bitcoin, and it is certain that if this happens, the interest of Bitcoin buyers will increase and the price of Bitcoin will be very expensive.We all understand that Bitcoin is not only about technology and decentralisation, but about scarcity and high demand. If people do not want to sell the asset, then the market components find a way to own it and hence the value of the market goes up. I think it had been like this for quite some time now but the market never gets used to it every time it happens. That’s why power is not made by the things that are easily seen, but by the act of holding on. This goes out to prove that value does not depend on the amount, but the amount willing to be lost.
It is all because the world is fast, and in our haste, we try to introduce them to big things. However too much exposure to such financial concepts can cause confusion something that such ten year old children do not require, they require more security, sincerity and space to play than learning something they will not use. Children are surrounded by technology, but because of that it does not mean that all technology shall be introduced to them. It is therefore important not to confuse education with indoctrination of certain mania. If an idea is not processed at the right moment it comes in, it does not replace the curiosity with idea as it develops gradually into confusion.To introduce crypto to children as young as 10 years can be considered as very beneficial given that professionality in the digital world is paramount nowadays. At that age, children do not yet have difficulty in understanding the basic concepts regarding technology and how it influences our existence. However, by merely explaining cryptos, you equip them to deal with the current changes and, at the same time, give a concept about money and technology. Nevertheless, it is relevant to stick to education and awareness only, as investing/trading in crypto is something that should be decided as they grow older and wiser.what do you advice?I believe when someone's kid is 10 years old then it's quite okay to introduce them to crypto, however that age not proper for investing or trading crypto. But as long as it comes to awareness and education then it's quite normal to teach your kid about crypto at 10.
Of course that makes sense and I can understand that feeling that there is no Trigger emulating app available for me. It is very normal that when one has paid some money for something in order to gain value out of it, and only to find that at the long run it will only be used as an instrument rather than a tool then trust evaporates. Not because I felt pessimistic but because as far as self expectations are concerned, honesty never emerged at the outset. Some more of them are active in painting an image than substantiating their claims. Knowledge wise we do not get to learn from others and rather we learn the hard way from the experiences that surround the scams. Such as that gives the consciousness to the people with the hope that the many people, who look so assured before a camera or on the TV screen, are not as proficient in what they are advertising as they may seem. The feeling of disgust is not attributed to failure but the exploitation of said failure for personal gain.This is what I am talking about, teaching from the failure doesn't apply here because the intention of the mentor is to make money out of you irrespective of you make money or not while they are failed in trading then how can we expect anything that will be useful for us for the money that we pay to get that recommendations.In my opinion, people who sell trading courses or consider themselves as trading gurus or mentors are just failed traders, yet they somehow monetize their knowledge by trapping middle-class people who are desperate for money. Did you see any trading mentors who are being successful with their trading journey? I never did.Many mentors are not really profitable in trading. Many of them are former traders and are studying to learn, but because they are having a hard time making money here, they become mentors to make money from students. Since they can teach everything that needs to be taught based on what they have learned even though they have not become profitable traders. That's why there are so many fake mentors, teach their students the strategy without teaching how to actually use it in the live market.
I consider them as scammers. What do you think?
I also invest in crypto to get enough profit and accumulate my profit for long term bitcoin investment, because I think crypto is a profitable investment especially bitcoin and top coins, which many people recommend. If you want to focus more on investing in crypto or trading, it might take up our time in the real world because we also have real world activities.Your approach to crypto and other activities is very realistic. When one comprehends that time is a finite resource and deciding on how to dedicate efforts on an organisation’s investments to let them run and not interrupt regular life then it underscores that you have a goal. Collecting the value from the transaction to stock on other long term assets like bitcoins also depicts that you are not greedy but rather slow and constant. That is not easy to do, indeed, especially if the market constantly undergoes some changes. Some of it is necessary though, and when one understands, it’s not difficult to be a part of this space so hence, the fatigue is much more fulfilling. All of this indicates that you understand your reason for being and are existing with your awareness of that purpose.
I can understand why you are cautious about high expectations set mostly at the end of last year. When the price began to decline after that intensive jump, people start looking for something that they have been anticipating. The $200K notion was common in the media but it should be known that market truth is different from the public truth. Sometimes, it takes time for the market to catch up, and that is why there is a continuous development of new achievements. You are realistic for understanding that the next surge can not be passed without going through some critical points. This indicates that you are not consumed with impulsive tendencies but still analysing the movement in a calm manner.I don’t think BTC can reach $200k by the end of year even though we were all optimistic in the beginning of the year and was expecting it to happen. But crypto will always be unpredictable, no one would have imagined a tarrif war would happen which is one of the factors affecting the fluctuation of BTC right now even though it has been down for two months now.I remember when we were having the discussion of Bitcoin reaching that amount after it surpasses the $100k last year, so with the force it was moving everybody was calling there individual price of Bitcoin to be by the end this year but the moment we enter the new year we couldn't see the movement again and now we are not even certain of anything so $200k is not a priority because it will have to pass $140k before we can hope for more prices, so it will go up but likely not this price.
I believe you have found accurately the correlation between the foreign policy and the reactions in the crypto markets. All those policies that Trump makes on his own affect others in a unique way as well cut across the politics. What is happening therefore is a rebalancing of the financial world in terms of the dominant currency or others in the most important nations. Hence when a trade deal that involves Bitcoin came, it shifted people’s notion that there was a gradual attempt to planning an escape from the traditional system. These fluctuations, I suppose, are not caused just by speculation but because the participants of the market do not grasp the vectors of change of the constantly shifting relations between countries. Amidst these realities, you reasonably well appreciate the correlation between policy and the possible change of the global asset.Expect bull run because trump is a pro cryptocurrency president he will have a big influence with regards to bitcoin adaption and many more people will surely wanted to know more about bitcoin and how it works for good. I believe that year 2025 will be great and more earnings will come.
Yea you're correction, though we are seeing what people see as harsh executive order and decisions taken by then president of united states Donald Trump and what I see as market manipulation going but I will have to say that, this is an opportunity for bitcoiners to push up their acumulation, for few days now we have being experiencing high-level of volatility in the crypto market generally, Bitcoin has been moving from $76k to $80k when we check back it will slide to either $77k or $78k which I see as a good avenue for people o buy more at a lower price, we may not no what's cooking in the next coming days for me, I think we should be expecting more favorable surprises this year and that's why we should be prepared for it.
It is true that there have been price fluctuations for some time now, leading to an unstable market price of Bitcoin. All I can say is that it is an opportunity for investors to bag more, but there is more to Trump's actions than we could understand. How come he came up with tariffs and a trade war, and it affected the stock and crypto market generally maybe we need explanations to that and all of a sudden he suspended the tarrif for nations except China and the market picked up a bit the dropped again. While this is going on, China and Russia executed an energy trade deal with bitcoin. How do you explain this?
I concur with this in investment which I understand that decisions made do not only hinge on technical fundamentals or patterns, but also on ability to keep calm while assessing the situation. It is always better to wait during shaky periods than to proceed aimlessly in any directions. Some are advised to make short-term moves and in effect, they lose sight of better chances because of impatience. You have a realistic attitude, and it can be seen that you put more prior than the mere wish to achieve a result. In view of such an attitude, you look very careful when it comes to risk assessment before taking any action, and that forms good grounds in developing a long term investment plan.Before investing, do an analysis and make sure we still have a chance to make a profit, because this is a risky business. If we analyze wrongly and get caught in a high price, we will have difficulty making a profit.Of course, we must do analysis firstly. And we must ensure to have good chance for taking profits. If it looks like to have small chance, we are better to wait and see first. Timing is very crucial in investment, we may lose money only if we choose the wrong time. Bearish season is always the best time to start investment in crypto. When it is in bullrun season, we must start in a big dump. But make sure there is still big chance for the next pump after the big dump. This is very important to determine the good time because it will ensure us to get enough profits.
I still believe that if we buy these coins now, they can still bring profit, so I still buy some coins that I think have good potential in the next few months.
$74k is the lowest in this dump and the dumps may just not be the last because we are already in the bear market. that's coming from me not from the guys who knows more.I can relate to the feeling that this draught decision causes some complicated emotions, especially when all the processes are ongoing without direct actions on our part. One can hardly remain indifferent to dramatic changes in the numbers. It is not about regretting or complaining that one is left behind or that it is too late, the point is how one manages to change the perspective that one has towards the existing state of affairs. Not all the time it is clear, sometimes an individual may take his/her time to digest what is going on behind the surface. As much as you are feeling this way, am confident that you are not alone in this world to feel like this and if you have just realised it, there is absolutely nothing wrong with that. It is not always comfortable, however, you are still given a chance to think twice before you act next.
but yep it has started already 2 months ago we are just now aware of it. well its not us making all these manipulation so we're definitely not aware of these things.
I do understand that you want to expose your child to new things as early as possible but using it in something as volatile as crypto is not a smart move. It is for this reason that advising them now can be of great benefit in the future especially if you want to maintain full control over the process. It is reasonable to take step by step introducing basic concepts and at the same time keep dictatorially in charge of things just to make sure that everything is in order. He or she then gradually progress from easier and amusing activities and games while you observe and monitor him or her closely. Subsequently when they come of age to assume responsibilities on the assets that you have set aside they will be in a better position to with an understanding that increases with time.I was wondering what time is right to introduce my son in particular into crypto, is it ok at 10,12,15 or perhaps at adulthood 18yrs.I was advised to first get them acquainted with digital currencies and blockchain, their meanings and value in a relatable way they can assimilate and grasp. I was told to begin spurring their interest with simple tools, so I searched and came across kits like blockchain and cashflow for kids, crypto kitties and monopoly and some digital games as a good start. The aim is to use these to educate them about digital currencies, things associated with them before letting them into investing properly.You can enlighten him about cryptocurrency for now and get a wallet for him but help him manage it. Teach him all he needs to know, the use, what it is and how to secure his funds. I think there are some kids videos online now to help educate them of cryptocurrency. But then, since he's still very little, I'll advice that you let him focus on his studies and when he's off age, you can give him full access and control over his wallet.
Is it worth the try? you may have a better idea.
what do you advice?
Actually anything that can generate income to you can be called a job. However it is said that gamble can not be called a side hustle and yest it's true but there are folks that do make money from it consistently. Although there are times which a trader makes profits and there are times which traders don't and likewise gamblers too.It is completely true, as long as one’s activity brings stable income, and does not lead to high losses, then one can speak about the side job. Admittedly, gambling may be different from other jobs but the reality is, there are people who have been making money from other risks-related operations on a continuous basis. It is the same with the cases of trading since the world has the opportunities to earn and increase, there are also risks of getting a loss. The question here is, what does the difference a person make in relation to handling the risk and the ability to know when one has ventured enough. Although evaluating its earnings do not result to continuous losses, anybody has the right to claim that it is an acceptable side hustle.
So my point is as long as it can generate money for you without any huge losses it can be called a side hustle.
In my community, many of them give reasons as Ethereum holders because of its ecosystem, we all know that Ethereum's ecosystem is very large.However, it is free for anyone to want to become an Ethereum holder and it really depends on the objective that an individual has towards the functionality of Ethereum. It is for this reason that many people are willingly switching to Ethereum and using rewads, tokens, DEXs, and NFTs. All of that offer much opportunities and freedom to develop. To the ones who continue to hodl even in petty amounts, you do so by the best of your capacities based on your capacity and financial targets. Thus, there is no reason to be critical of starting with a small amount, especially if you feel that this feels right to you. Each single move you make is a move that can still be defined as a valuable one and can still serve as an example in the future.
Starting from small things like tokens, DEX, NFT, web3, all of them are on the Ethereum coin. So, our community chooses the Ethereum coin to HodL because of the ecosystem factor.
If it's a matter of choosing to be an Ethereum holder, it depends on those who use Ethereum for what, but personally, Ethereum is used for decorative purposes only because I like souvenirs.
I am also an Ethereum hodler, no more than 0.01 because currently I don't have enough money to buy more than 0.1 Ethereum. This only my experience for Ethereum coin.
I can relate with how frustrating it is to be explaining something that in your logical view makes perfect sense and is worthy to be implemented or considered then people suspect its motives or deem it senseless. Sometimes people have accumulated a lot of knowledge in their heads and it is hard to change it, even if the concepts have emerged only in the end of the last century, and the things they learn are such things which cannot be seen or touched. That is all you were expected to do, and indeed doing that is enough. However, not all people will be ready to accept new things as change is not anyone’s fault. It is better sometimes not to attempt to say anything at all rather than keep on arguing something that one does not wish to listen or hear. You did well in understanding it and therefore it is unnecessary to justify to anyone on it. In that regard, there are moments when it is preferable to stay silent for the sake of some people and avoid touching certain topics.I've already tried to explain what bitcoin is, how it works and examples of its use, but it's hard work. It's way easier to just grab a video or playlist and send it to a friend, because people prefer to watch videos and listen to them like a podcast.
Of course, I'd never ask someone to watch a video from a complete stranger, I only share content from someone who I already know or follow. The more knowledgeable and well-informed the influencer is, the better it will be for the person being introduced to Bitcoin.
I would never share a video from a channel that's shady, promotes scams or pushes Ponzi schemes.
When I introduce Bitcoin to people, I usually don't mention that it's a digital currency, because that doesn't matter. After all, bitcoin is a universal, censorship-free currency that circulates on the internet. It's comparable to fiat money, but it doesn't have its disadvantages (inflation and surveillance/censorship).... This is just one example of how I would explain Bitcoin to a layperson. There are N ways to explain Bitcoin.
Man, it's much easier to explain cryptocurrencies to the younger ones than they older generation. Because todays age is the age of technology, which makes it easier for them to grasp the main concepts of cryptocurrencies. But for older people, for whom technical knowledge still a fairy tale, those who have never heard of cryptocurrencies, explaining it to them becomes one of the toughest job. Even my father struggles to understand the key concept. For the older generation, they are pretty skeptical of these things, for them it is hard to believe that money can exist in thin air. No matter how much I try to explain it to them, they think of it as something illogical and illegal. For them, only paper money is the real thing. This is why I no longer try to explain it to anyone, it just gives me unnecessary headache!
Same goes into the time that Bitcoin when it was still $200 on the moment that i have been into crypto space. This is something that also comes into my mind that it was just that too expensive for me to buy up a coin. Come to think that primary thing that comes up into your mind is that you should be that accumulating tons of coins instead of 1 and this is why you would be that trying out to skip out the plan on getting a 1 whole coin on which on the time i have that looked back into those early years on which i have started then i do always have that huge regret. This is why its better that you should be accumulating while you still can even though its not a whole coin but still we can be able to buy in fractions, so that you wont be ending up on having that regret just like me and some people whose on the same situation.That is why many people hesitate when they see a high price for a coin and think about buying a smaller amount. This is comprehensible since people believe that buying a small sector is cheaper than paying for an entire section. However, one begins to appreciate that the time given to buy at a cheaper price is actually something that one can marvel at. Thus, it is possible to have a bigger chance in the future even if collecting coins in small amounts sometimes allowing you to buy not even a single coin with what you collected today. These are lessons that are quite important in anyone’s life in terms of training to be keen in noticing opportunities.
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