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Showing 20 of 32 results by Luizwalter Crypt
One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries from an investment of their time spaning into years, all day long.
Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.
What is your opinion?
As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries from an investment of their time spaning into years, all day long.
Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.
What is your opinion?
Op I think you are mistaking investment for a Job.
These are two different things all together. Jobs are tasks or services we render in exchange to being paid but investment is putting this money earned into work for the sole aim of creating another means of income. So the numerous investors in Bitcoin you claim doesn't strain to steer at their computers for hours daily to make their money are people who worked hard in the past, made enough money and invested part into Bitcoin.
So in my opinion, not few bitcoiners will escape working hard to save enough money to invest with and also must put themselves to work on researching about the investment opportunity were there money is to be invested in and not to act reckless with there hard earned money.
Re: If you want to be close to wealth you need to work together other people
Even in here crypto you don't notice that always but you do work together with large number of people.
You work together with people from all around the world even If you don't know that you work together with them.
So the money is amount of people you reach the trading investing so you work together with many people.
You sell to someone they buy from you that's exchange and that's the cooperation.
Alone just you it's allmost impossible to get any success you need be connected with large network of people.
Network is key and your life time income because where is the people there is the money.
Sell icecream with 1$ profit to 10 people you only make 10$ profit but sell ice cream to 1 mil people you make 1mil of USD profit same with everything the larger the network of people the more money you make.
That's why it's not good to say i do it all alone because nobody cant really do it alone we need others either we admit that or not.
You work together with people from all around the world even If you don't know that you work together with them.
So the money is amount of people you reach the trading investing so you work together with many people.
You sell to someone they buy from you that's exchange and that's the cooperation.
Alone just you it's allmost impossible to get any success you need be connected with large network of people.
Network is key and your life time income because where is the people there is the money.
Sell icecream with 1$ profit to 10 people you only make 10$ profit but sell ice cream to 1 mil people you make 1mil of USD profit same with everything the larger the network of people the more money you make.
That's why it's not good to say i do it all alone because nobody cant really do it alone we need others either we admit that or not.
Networking tends to be very essential in a man's life. The more connections you create the more productive you become. Even if you claim you did it all alone you fail to remember you learnt from someones ideas to create yours so it's always collective effort that makes up a successful man.
Re: Having a journal of my trades has helped me become a profitable trader.
Keeping a trading journal is like having a personal diary for your trades. It’s super helpful because it lets you track what you did right and where you messed up. By writing down every trade, you get to see your patterns, learn from your mistakes, and figure out what strategies work best for you. It's a great way to stay disciplined because it holds you accountable for your decisions.
Plus, when you look back at your journal, you can spot trends and improve your game over time. Basically, a trading journal is your secret weapon to becoming a better and more profitable trader.
Do you keep a journal of your trades too, and has doing it helped you?
Plus, when you look back at your journal, you can spot trends and improve your game over time. Basically, a trading journal is your secret weapon to becoming a better and more profitable trader.
Do you keep a journal of your trades too, and has doing it helped you?
It really good to journal one's trades but it's time consuming and that's more reason why many find it difficult in dedicating so much time on it everyday.
Well, to me I think screenshoting my chart before and after my trades play out tends to be more important to me as it shows me exactly what I saw and what happened at the end. I find that easier than journaling as they almost serve same purpose.
Re: Why I think trading is no different from Gambling!
>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.
Well, the little I've known about trading is that it could be gambled and it could also be done knowledgeably.
For beginners they see it as gambling and follow it that way for as long as it would take them to get the right knowledge while for advanced traders they put the odds of the gamble to their favour by replicating what they've learnt in the past that works to their trades.
Please I don't mean the advanced traders don't lose. They do but the difference is they win more than they lose with the help of the knowledge they've acquired.
Good question, for me this is what I look for when I do my own investigation,
c. tokenomics - how it the tokens distributed, will the majority of the stakes are going to the devs themselves?
d. where they are going to list? Is it on a top tier exchanges or just fly by night?
[/quote]
I think the tokenomics and the exchange to be listed on really matters alot. Last time I checked coins to be listed on binance tends to have great values. Good points you made.
The word DYOR always sounds strange to newbies in crypto as they have no idea atall were to start even with their google search engines.
What sites could be best for this and what the first 5 qualities to watch in a coins project when Doing your own research.you can share your thoughts on this to enlighten some of us here.
What sites could be best for this and what the first 5 qualities to watch in a coins project when Doing your own research.you can share your thoughts on this to enlighten some of us here.
I think op did not really make the point clear by not giving us clues about the 1%.
Imo, what I think is always difficult for the 99 is trying a failed process again and again even in the face of uncertainty the 1% keep improving their knowledge to make a difference. As it is our nature to stop whatever is not working or yielding results.
The 99 starts with very perfect vision but quits too early to start another one which they will still quit latter and continue this process hoping for luck to happen to them without taking responsibility and time to learn and improve themselves.
This happens to be the first thing that came to my mind about the 1%.
Imo, what I think is always difficult for the 99 is trying a failed process again and again even in the face of uncertainty the 1% keep improving their knowledge to make a difference. As it is our nature to stop whatever is not working or yielding results.
The 99 starts with very perfect vision but quits too early to start another one which they will still quit latter and continue this process hoping for luck to happen to them without taking responsibility and time to learn and improve themselves.
This happens to be the first thing that came to my mind about the 1%.
Re: Should there be a limit to investing in your children?
There is a current trend in my country where parents are doing everything financially possible to give their children the best education. Some parents have gone to the extent of selling properties or taking loans to send their children to some of the best schools in and outside the country. I have spoken with some of them, and the reason they give is that this child will get good jobs and take care of them in the future.
I had to bring up this issue because most of them are becoming disappointed and depressed. In my location, children are seen as an investment because they have the responsibility to take care of their parents when they are retired, old, or unemployed. So parents will want to invest high in education because they think it will bring high returns. Many of these students who attended prestigious schools end up becoming unemployed and are still depending on their parents to survive. I also assume that many of them regret going the extra mile to give their children the best. They have lost money and are also in debt but their children are still dependants.
Do you think parents should have a limit on the amount they can invest in their children?
I had to bring up this issue because most of them are becoming disappointed and depressed. In my location, children are seen as an investment because they have the responsibility to take care of their parents when they are retired, old, or unemployed. So parents will want to invest high in education because they think it will bring high returns. Many of these students who attended prestigious schools end up becoming unemployed and are still depending on their parents to survive. I also assume that many of them regret going the extra mile to give their children the best. They have lost money and are also in debt but their children are still dependants.
Do you think parents should have a limit on the amount they can invest in their children?
In my opinion I don't really see educating a child as an investment plan but rather a responsibility and obligation that has been from creation.
It has always been that the parent of any offspring bears the responsibility of nurturing till maturity when they will become independent of their own and continue the same process which is essential for existence. So if the parent loves the child and desires the best for the child it doesn't mean the child owes him or her in return. But thesame goes to the child in the sense that he/she may love his/her parents and decide to care for them.
But that doesn't mean the children can't be invested upon either,the children may turn to be part of the parent's investment plan when the parent establishes a family business maybe a company or a factory depending on the kind of business that suits his investment strategy.
I've seen many businesses that is been controlled by members of one family and it continues even to the great grand children. So in that sense it becomes investment to me.
Re: The pressure,fear and indecisiveness that comes with trading.
Trading has always had it ups and downs,but you come to realize that those ups and downs are what really makes trading interest and unpredictable,this is the reason why before one becomes a trader,he should try to see the risks of it and the good side of it because if he rushes into it without making some research about it,knowing the right things to do,it will down on him at the zero zero hour.
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Ofcause the ups and downs of the market is one of the features of the market because every trader in the world is trading with his own time frame, Capital and probably his own view of the market and these are the variables that drives the market. So whenever you taking your trade from the 5m or 15m time frame also note that others might be trading with the 1m time frame. Some even trade on just candle sticks formation.buy,sell,buy,sell making the market very noisy for your 15m time frame set up so don't expect your trade to moon directly to your TP. Traders should take note of these factors.
And again we are afraid and terrified by the markets behaviors because we never took the risk factor in mind when we first started by just focusing on what we stand to make out from the market believing it has made so many rich so it should be the same with us. And when the normal draw downs comes we feel bad because we never expected a lose from the market that's were the fear sets in and we begin to battle with our emotions till we get the right knowledge.
First of all, explain what you meant as psychological trading.
Is it a type in which a trader will trade without having any bases of analysis? If that is it, it means the person is just gambling. Or does it mean a trader will not trade at all until the price of bitcoin has fallen so significantly? That is a good type of trading if that is what you mean.
But this would be good only for swing traders and holders. As for scalpers and day traders, technical analysis is very important.
When you mentioned gambling it made me feel this way;Is it a type in which a trader will trade without having any bases of analysis? If that is it, it means the person is just gambling. Or does it mean a trader will not trade at all until the price of bitcoin has fallen so significantly? That is a good type of trading if that is what you mean.
But this would be good only for swing traders and holders. As for scalpers and day traders, technical analysis is very important.
Do you ever know the outcome of a trade from the beginning? The market is a space of random variables and that's a gambling feature. The good thing in trading is we are able to put the variables to our favour with some sort of trading skills yet we don't win all the time.
Have you closed a winning trade at lose? That's because you tried escaping this feature of the market but the right psychology would make known all these facts to your thoughts about the market. Without good psychological behaviors it's difficult to remain disciplined (follow your risk management plan) in the market.
So in as much as you are very good with your TA+FA I think it's also necessary to maintain good behaviors in the market.
Re: With good psychological behaviors can one remain consistent with random signals?
The first behavior to apply is to stop going to signal providers.
The people who run such groups will take money for no reason as "membership fee" with or without recurring fee and then dump their shitcoins on you so they can create a fake demand and sell their coins. These two are the methods commonly used by such scammers to get money.
They are rampant because nobody wants to learn trading the hard way or actually do dummy trading to get an idea of how the market works.
The people who run such groups will take money for no reason as "membership fee" with or without recurring fee and then dump their shitcoins on you so they can create a fake demand and sell their coins. These two are the methods commonly used by such scammers to get money.
They are rampant because nobody wants to learn trading the hard way or actually do dummy trading to get an idea of how the market works.
Yes I think you have a point there.
I just wonder why I keep meeting good market analysts not being consistently profitable in the market and I thought there's something they have to put together to achieve that.
With good psychological behaviors can one remain consistent with random signals?
With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?
I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.
Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?
What brings about consistency? Good psychology or years of experience. What do you think
I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.
Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?
What brings about consistency? Good psychology or years of experience. What do you think
Most of the users who attempt to try trading I think have the goal in mind to learn it quickly with a crash course and hope to make a living with it.
In my case, I tried to learn quickly because there was a need for money, and wanted an immediate answer. I did lose more during my first few months maybe up to 6 months, I was just at the right time because I came to crypto just when the bull market was starting. If it weren't for it, I wouldn't have the capital to keep trying.
But eventually, I learned to only trade when the market is bullish.
I think this is were most of us get it wrong.I think trading should not be taken as a get rich quick scheme but rather a process of accumulating steady wealth.
It always fails us when we have the mind set of making it large at once.
I could remember when I read a book and I said to my self let me try this by funding very minimal amount of dollars as min as 12 to remain consistent with it and not to make money. I was surprised the result I had. I grew the 12 to 150 in just a week and took out 100 but the moment I started thinking about the money am really curious to make trading seeing that I now have capital to trade better I lost it all to the market and I couldn't win like I was doing no more.
I was trapped with my fears because I was risking more than enough which made me open to trading errors and that's how I stopped winning.
So my advice, let's rather build up a trading system that allows us remain consistent in the market than purpose in our hearts what we want from the market.
According to Mark Douglas "trading is a paradox" if you think of winning you loose and when you think of loosing you win;D
Just remembered that I have written the recovery seed phrase of my Electrum on a piece of paper somewhere in my place. I'm wondering what could go wrong since my place isn't too secured. How about trying to memorize it? Is it possible?
Would you try?
What are the benefits? ... and the setbacks.
Would you try?
What are the benefits? ... and the setbacks.
Even if am very good at memorizing stuff, I wouldn't try that with my seed phrases anyday. I rather save them with other multiple means that is after which I've written them on a hidden file.
However, it could have been more possible to memorize it if you were required to provide them when ever you log in to your account but in this case you only need them during re-registeration process.
Well, from a purely pragmatic perspective of making more profit, it makes sense to buy low, sell high, then buy low again, as long as you can buy it for less than you sold it for. This way, a person can maximize the value if it's done properly. For example, one could buy at $4k in 2017, sell for $18k at the end of that year, and then buy again for, say, $10k in 2018, then sell for $60k in 2021, and so on. This reduces some of the risk because you can cash out when there's good profit, and then just way for the price to fall significantly to buy even more BTC.
But often it's just not worth it to spend time on looking for these patterns, so it's easier to just hodl or do DCA.
But often it's just not worth it to spend time on looking for these patterns, so it's easier to just hodl or do DCA.
It is really simple to detect the price movements of Bitcoin when you check it's past historical journey. You will find it very easy to know when it fell and when it went up.but judging from the current market price is not always the same as to know when a certain move was over to join the beginning of the next big move. So in my opinion DCA will make a better investment strategy and maybe taking the opportunities in buying significant dips and holding for specified length of time.
Re: What do you prefer between pure price action and indicators?
When it comes to trading, there are two groups of traders: those who like to use indicators and those who prefer price action only.
Traders who use indicators say they provide accurate entry and exit signals but may sometimes lag. Price action traders argue that indicators rely on price data and thus are unnecessary.
What do you prefer: price action only or indicators?
It all depends on the professional level of the trader. To me with my little experience, indicators are formed from the resultant effects of price action so needless of one capitalizing on indicators when he/she could learn what forms the indicators.Traders who use indicators say they provide accurate entry and exit signals but may sometimes lag. Price action traders argue that indicators rely on price data and thus are unnecessary.
What do you prefer: price action only or indicators?
According to Mark Douglas "every moment in the market is unique" so judging the markets behavior with past data would not yield excellent results compered to "trading in the now moments"(Mark Douglas) with the current price action. Although both works but I prefer trading with price action because you could trade any financial market with it. Though this doesn't guarantee 100% wins cause that's the nature of the market.
What is the future of Bitcoin?
We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
judging from when Bitcoin was launched way back in Jan,3rd 2009 till date 2024 that's roughly about 15years of existence. If a project would fail it would fail long time ago so, you don't need a sooth sayer to tell you we are unstoppable.
Bitcoin keeps growing on its equity curve year after year making a great store of value today.
when the fiat money was introduced to us as a means of exchange for goods& services by the government, if the majority had not accepted it, it would have been tough. In the case of our savior Bitcoin
the majority has embraced the fantastic idea of btc to be even way much better than the one the government brought to us as it keeps adding great value to it's holders. So to rap it all in the future I think the government would be bent to the masses opinion making this legal and we'll all be rich
It's really important we share our views on Alts based on our various researches to know what to buy this current bull season. As we all know whenever Bitcoin gains strength Alts follow and some Alts do great imagine accumulating Solana when it was just a dollar years back.
Am believing layer one coins with good tokenomics such as Dot would make 2x to 5x maybe should be watched.please I'll love your opinion on this.
Am believing layer one coins with good tokenomics such as Dot would make 2x to 5x maybe should be watched.please I'll love your opinion on this.
In a bull market, I think the TA may not work at some point, it follows certain behavior as the market reacts to the sentiments but TA does work in most cases when the market goes sideways or even in the bear market.
The only psychological in trading is controlling the trader's greed which is why most advice says don't be too emotional about it. Sometimes when a trader can't wait for the right price and just keeps buying and not knowing why, he'll end up losing.
TA means: Technical Analysis.
Yes I will keep your words in mind that greed must always be controlled I am like this.
Think I've taken a trad and that trade is profitable but at that point I'll be craving more to make a little more profit. Just after a while it will be seen that my profit amount is decreasing little by little.
Again when there is no trade maybe or going towards loss my stop loss is close to what is given then fear works in the mind which comes out little by little. Maybe I got out and then the market started to go up again. That kind of risk works in my mind.
Maybe that's why I haven't been able to set my mind till now. Thanks for your feedback.
Technical analysis is important and it works though that's not all, maybe you should be getting intouch with news from the crypto market after which you back it up with your analysis and you trade.
And when you analyze stick to your plan no matter what. Study the best areas to place your stop and tp very important.for me I do increase my stop lose a little and reduce my profit margin because I discovered most of my trade hit sl and play out perfectly afterwards while some trades to my tp region and bounces back. So discover what works perfectly for you and try doing it exactly all the time it might help.
You don't really need to go the 360 degrees to be successful in life for everything you need is just within you.its not until you also do the same business the next successful person is doing before you gain financial freedom.the part way to success is not fixed you could discover yours.
Some persons close their long term built businesses to sought for a bigger one and end up losing both instead of making the one they are well acquainted with larger and better.
Stop crossing other people's lane and stop looking outwardly for everything we ever needed is just within.
Opportunities are all around us but it's left for us to see it as an opportunity and make use of it. One good step that is proportional to one good opportunity could lift one to a greater height. just look around, the solutions to your problems are just lying by the corner.
Some persons close their long term built businesses to sought for a bigger one and end up losing both instead of making the one they are well acquainted with larger and better.
Stop crossing other people's lane and stop looking outwardly for everything we ever needed is just within.
Opportunities are all around us but it's left for us to see it as an opportunity and make use of it. One good step that is proportional to one good opportunity could lift one to a greater height. just look around, the solutions to your problems are just lying by the corner.
I agree with some of your points, mate. While it's true that we possess certain qualities within ourselves that contribute to success, it's equally important to acknowledge that we often need to seek knowledge and insights from others to truly excel in life. No one exists in isolation. we all depend on the wisdom, guidance, and support of those around us.You may believe that you have the drive and ambition necessary for success, including a hunger for knowledge, a desire for wealth, and a commitment to achieving your goals consistently. Well, you should to recognize that success is not solely a solitary pursuit.It often involves collaborating with others, learning from their experiences, and leveraging their expertise to navigate challenges and seize opportunities.
Regarding your second point, I must express my reservations about the notion of shutting down a business entirely in pursuit of greater success. While it may seem tempting to focus solely on one venture, the reality is that success often stems from diversification and adaptability.
Many accomplished individuals you see today are not only entrepreneurs but also investors in various enterprises. They understand the value of exploring different avenues and supporting the endeavors of others.
while self reliance seems to be a nice idea most times, it's better to remain open to the contributions and support of others on the journey toward success. Collaboration, mentorship, and collective effort often pave the way for greater achievements in life.
Yes but when I mean all is within it includes the books and ideas. If I should mean one doesn't need the other to succeed then am not telling the truth. We learn everyday and is from other people's Ideas/errors. No man is an iland.