Financial Freedom and Bitcoin

[Rubel007]

I have similar opinion, I sees bitcoin as investments asset class than to be used for payments for goods and services. However, the profit or returns from a Bitcoin investments can be used for online payments in my opinion.
Since the crypto market is volatile, many people take advantage of this factor to make short term gains, but on long term basis, Bitcoin has the potential to exceed expectations and can create new price levels overtimes.

The reasons why I chose Bitcoin as an investment is that here in my country there is not much or a service that offers Bitcoin payment though I have read online that there are physical stores that accept it but unfortunately in a remote area where I am living there is no such thing though we do have a local Bitcoin wallet that supports LN but still not an option for me since I dreamed of achieving financial freedom with Bitcoin so if I spend it then there is a low chance for me to hit that goal.

          -       We are from the same country mate, I have received news that in our country there are also more than 1 trillions of our kind who are also
involved in the field of Bitcoin in terms of investment.

No doubt I am in bitcoin, though this is not really my priority to save a large amount, instead I am focusing on the top altcoins to get profit in this bull run that we are facing right now in this season. Just wait a little then when the bearish enters, I will really do full time dca with potential altcoins and bitcoin.

A good plan if you are going to do DCA during the Bearsih Season, because it is the best time to buy.
 Bitcoin and Altcoin Poyencing will be more expensive, and we must have plans in the future.
 But for now I am more focused on the Bullish season this year, I want to get the maximum profit.

DCA during the bearish season offers a good opportunity to buy at a low price as well as to significantly increase the portfolio. Those who can fully utilize the bearish season to DCA will definitely benefit. I also believe that this year we will see a big bullish movement in Bitcoin. Recently, when the price of Bitcoin has been moving 10 percent or more, I would not be surprised if this price is 120k-150k at any time. Those who can hold Bitcoin during this time can definitely benefit the most from the bullish movement.

[Metha Wulandarin]

If a student learns to interpret market signals and become good at trading, he can hope that in a more or less near future he will achieve financial freedom with cryptocurrencies, it it's possible he just have to believe in it

For people who are experts in trading, making $10 is quite easy, but it all comes back to capital and individual fundamentals. If you trade in the spot market, you may need a large amount of capital, especially during a bearish season. Trading and making a profit in a bearish market is very difficult unless you can trade in both directions, such as in futures trading, which allows you to profit even when the market is going down.

[dekafee79]

If a student learns to interpret market signals and become good at trading, he can hope that in a more or less near future he will achieve financial freedom with cryptocurrencies, it it's possible he just have to believe in it

For people who are experts in trading, making $10 is quite easy, but it all comes back to capital and individual fundamentals. If you trade in the spot market, you may need a large amount of capital, especially during a bearish season. Trading and making a profit in a bearish market is very difficult unless you can trade in both directions, such as in futures trading, which allows you to profit even when the market is going down.

when the market is down, I only do buying and scalping. as you said it is indeed difficult to get profit at that time. but if we have large capital we can hold for the medium term and sell our coins when the market is up.
I prefer to trade when the market is up, because it will be easier for us to get profit

[laijsica]

If a student learns to interpret market signals and become good at trading, he can hope that in a more or less near future he will achieve financial freedom with cryptocurrencies, it it's possible he just have to believe in it

For people who are experts in trading, making $10 is quite easy, but it all comes back to capital and individual fundamentals. If you trade in the spot market, you may need a large amount of capital, especially during a bearish season. Trading and making a profit in a bearish market is very difficult unless you can trade in both directions, such as in futures trading, which allows you to profit even when the market is going down.

when the market is down, I only do buying and scalping. as you said it is indeed difficult to get profit at that time. but if we have large capital we can hold for the medium term and sell our coins when the market is up.
I prefer to trade when the market is up, because it will be easier for us to get profit

I agree with you. Downtrends in the market would be ideal for buying more to profit from the next bullish period. My strategy is to allocate separate funds for trading. Establish a consistent accumulation strategy for long-term Bitcoin.

[dave_strider]

I agree with you. Downtrends in the market would be ideal for buying more to profit from the next bullish period. My strategy is to allocate separate funds for trading. Establish a consistent accumulation strategy for long-term Bitcoin.

Great strategy! This sale is going to be cherished in the months and years to come.

And keeping the steady accumulation is very important in such a case.

[arabspaceship123]

It's been discussed many times. We know how bitcoin's helping marginalised ppl. Countries can use bitcoin but it won't reduce fiat pressure so you haven't said any thing new. Which suggestions are you making to cope if inflation's high ?

In a capitalist society where the rich are getting richer and the poor are poorer, the introduction of crypto-finance can create a sustainable economic environment in the face of inflation. The expansion of trade in decentralized financial systems and especially the rising value of Bitcoin can be an important hedge for marginalized people. Also, by introducing transactions at various institutional levels, excess pressure on the fiat can be reduced, which can help curb inflation. Above all, economic freedom at the individual level and expansion of the institutional transaction system can bring a positive financial outlook for the entire country

What is your opinion?

[dave_strider]

It's been discussed many times. We know how bitcoin's helping marginalised ppl. Countries can use bitcoin but it won't reduce fiat pressure so you haven't said any thing new. Which suggestions are you making to cope if inflation's high ?

I agree, it won't help on a small scale from people like us.

And the reserves are created just to keep up with the pace of others, we don't know how it would affect the fiat in the long term, but I don't think it would that much of a difference, seeing the scale at which the reserves are being developed.

[$crypto$]

when the market is down, I only do buying and scalping. as you said it is indeed difficult to get profit at that time. but if we have large capital we can hold for the medium term and sell our coins when the market is up.
I prefer to trade when the market is up, because it will be easier for us to get profit

We definitely have different strategies about this, and if we prefer when the market is good, then we can say that we are following the current trend.

I once read whether to follow the trend or go against the trend? then the answer for me is also following the trend. Because when going against the current trend, the risk is higher in my opinion, although following the trend also has all its risks.

[dekafee79]

when the market is down, I only do buying and scalping. as you said it is indeed difficult to get profit at that time. but if we have large capital we can hold for the medium term and sell our coins when the market is up.
I prefer to trade when the market is up, because it will be easier for us to get profit

We definitely have different strategies about this, and if we prefer when the market is good, then we can say that we are following the current trend.

I once read whether to follow the trend or go against the trend? then the answer for me is also following the trend. Because when going against the current trend, the risk is higher in my opinion, although following the trend also has all its risks.

I agree with you, I also prefer to follow the trend because I do not have the knowledge and experience in making analysis and strategies to counter the trend, if I have the skills to counter the trend maybe I will do it.
Because we also have to think about risk considerations.

[$crypto$]

We definitely have different strategies about this, and if we prefer when the market is good, then we can say that we are following the current trend.

I once read whether to follow the trend or go against the trend? then the answer for me is also following the trend. Because when going against the current trend, the risk is higher in my opinion, although following the trend also has all its risks.

I agree with you, I also prefer to follow the trend because I do not have the knowledge and experience in making analysis and strategies to counter the trend, if I have the skills to counter the trend maybe I will do it.
Because we also have to think about risk considerations.

That consideration is what makes us prefer to follow the trend. Maybe for those traders who are truly experts, following the trend or not is not a problem for them. However, for those of us who still cannot be said to be truly expert traders, it will be a mature decision. Especially if the capital we have is also limited, of course we must be very careful.

[Blaze]

I agree with you, I also prefer to follow the trend because I do not have the knowledge and experience in making analysis and strategies to counter the trend, if I have the skills to counter the trend maybe I will do it.
Because we also have to think about risk considerations.

Well, based on your observed conditions and situations, it is quite logical that following the trend is more reasonable when someone is not capable of studying the market, not to mention, reading the trend more actively. Unfortunately, not everybody can afford to strike and operate against the trend due to certain level of risks involved, which calls for high level of professionalism. It is quite understandable for a person to obey clear instructions rather than perform steps that can lead to uncontrollable results. Besides, investment decisions contain calculations in order not to face many and unnecessary risks in the business.