Quote from: sotelorene on May 27, 2024, 07:39:56 PM

If someone buy a coin at a certain rate and after which the coin drops, that's shouldn't bother you though it depends on the coin you bought cause if it is a shit or memecoin then it is something to be worry about because most of those coin whenever they drop they don't appreciate easily and most will never appreciate again but if it is Bitcoin you invest in there's nothing to worry about cause even if it drops it will definitely appreciate. However, when buying shit or memecoin you ought to be very careful before you dive into it cause it can be annoying at times and sometimes sweet when your analysis is being done correctly.

You might well be making sense when talking about bitcoin but becoming unreasonable when talking about shit or altcoins here we have repeatedly talked about not having a second thought on investing in shitcoin, as it has no future . It is better you talk about bitcoin only or never talk atol than mentioning such name here. There are board that talks about it and here is not such a place. Talking about it may be misleeding and problematic to many. I once had issues with such but now I regret my past experience with such coin an I detest the sight or hearing such. The earlier you get used to conversation with bitcoin the better for you.

Quote from: lombok on May 27, 2024, 11:56:29 PM

Quote from: Bravut on May 27, 2024, 02:09:47 PM

Yeah, our endpoint is profit but only those without plan, target will get caught in this analogy of yours especially those who were present for immediate profit (gambling Bitcoin prices). Every financial market has time or seasons, let me say something have we considered why; Price sells from a particular point and why it buys from a point too, who were those involved, who bought at that higher price, who sold at that price, this are simple question we ought to clearify.

I always and will keep laying emphasis on the need for having a target and being discipline, DCAing with getting exhausted and allow the market do it thing and not being fretful because of pump or dumps in the market.

Sometimes new traders still find it difficult to carry out plans like that because usually they still use trading money from the money they use for their living needs so that when they are trapped at high prices they feel depressed and sometimes also consider cryptocurrency trading as gambling. As new traders they must get proper guidance.

I prefer you use the word invest rather trading, trading is often refferd as gambling. There is no guidance that is more important than investing in bitcoin and HODLing for a longer time. Anybody who is still using bitcoin as gambling instead of Investment, is just wasting his time. Though bitcoin may mean may have many options aside investment, like using it for buying and selling and also for gambling which I know most people do, but to be in a safer side I sudgest investing in bitcoin is the most important thing to practice than wasting a whole lotenof time thinking about shot term profit which doesn't even profit or amount to anything. If you want to know more you can go to the dip and HODL thread to know more about bitcoin investment and how longer investment period guarantee more return than short term investment.