I gotta say, I disagree! Craving cash doesn't push it away, it reels it in! Trust me, man, I've been in the Bitcoin game for ages, and I'm the clingiest dude you'll ever know! My eyes are glued to those charts 24/7, and a tiny dip in price sends me into a frenzy! But hey, it's been working! I've stacked up mad profits from my neediness!
This one wild time, I was so desperate, I dumped my whole stock collection just to get my hands on more Bitcoin! My peeps thought I lost it, but I was onto something. And what do you know? It worked! Bitcoin blew up, and I was rolling in dough! So, here's the deal: Embrace your inner needy! The more you crave, the more you'll rake in!
Topic: Bitcoin my entry or no deal (Read 113 times)
Trading bitcoin has always been one of this life( modern world) leavarages too me in making money.
If you use leverage for your trading, sooner or later you will no longer earn money, make money but will end with loss.You will need many successful trades to double your initial capital but after doubling it, you will need only one bad liquidation to see your doubling capital drops to 75% of it.
Assume you start with $100 and double it to $200. Only one liquidation will eat you $150 and you will have only $50 left that is only 50% of your initial capital. Be very careful with leverage trading.
Trading bitcoin has always been one of this life( modern world) leavarages too me in making money.
I want to let you know that trading have effect and the effects of Trading might take off the money you own, so I believe seriously that trading is not what we can keep all our hope on, because sometimes when you don't know the tactics of Trading or some of the factors that hinder trading, you might think that trading is all about making money, some of disadvantages is proportional to the advantage, so therefore trading is a risk especially when you don't know the outcome of it. Smart traders are the ones who make profits in all market conditions. When prices collapse, it is his opportunity to buy at a low price, and vice versa, as it means that he will sell in order to buy in the future, and so on.
This is obviously what many wish to do but evidently one of the most difficult thing to archive. This is because, you never can at any point, pin the market to be at its best for a sell or buy.Yes, you might sell on profit but, when the market continues to appreciate, you begin to feel bad and think of yourself to have sold way too early. You continue to observe the market and further/longer pumps would always want to push you right back into the market. When you eventually come in, surprisingly the market might start dumping and then, you feel you should have waited some more.
What would be the result, your lose canceling your profit. Its just something many investors face and so, holding might be a way to keep things together. Making profit over every move is not possible.
If you don't give it, then no deal.
My price or no price
This is accurate for a trader who is determine and ready to wait for his own time to take his own part of the meat. This has more of experience to your strategic plan because if you have not seen that obeying your strategy then you won't wait but to rush in for the chase. The market does something first before it comes to the right spot for entry and that thing is chasing out stop losses set by trader, it push people out first before it gives it to you and if you enter earlier then you will be part of those whose stop loss would be knocked out. If you don't give it to me then no deal is true for experienced trader
Smart traders are the ones who make profits in all market conditions. When prices collapse, it is his opportunity to buy at a low price, and vice versa, as it means that he will sell in order to buy in the future, and so on.
A person has basic and secondary needs, and as long as you decide to trade and invest, you must have a source of income that covers those needs, otherwise you will be exposed to the market and forced to sell at the wrong time.
Sometimes we have urgent needs, such as the illness of a dear person, and then, unless you have intelligence and financial management, it is difficult to recover the money that he paid because of this emergency circumstance.
A person has basic and secondary needs, and as long as you decide to trade and invest, you must have a source of income that covers those needs, otherwise you will be exposed to the market and forced to sell at the wrong time.
Sometimes we have urgent needs, such as the illness of a dear person, and then, unless you have intelligence and financial management, it is difficult to recover the money that he paid because of this emergency circumstance.
Well, you could miss the train if you keep waiting for your price and don't take advantage of the current price. I don't think that one should keep waiting for Bitcoin to hit the bottom as we never really know what the price will be the bottom price. So, it is better if someone just does DCA from when the price is not too high and keeps buying until it hits the bottom.
I know it sounds good to get the price that you desire but believe me, those who try that usually regret doing so since they get nothing at the end and just keep waiting and the price starts going up again.
I know it sounds good to get the price that you desire but believe me, those who try that usually regret doing so since they get nothing at the end and just keep waiting and the price starts going up again.
Our emotions are the reason why we are chasing it. We should keep in mind that we just have to wait for the right time for us. If we are not in control of our emotions it is possible to make wrong decisions. For example, when investing in Bitcoin, we know that the price of Bitcoin will increase at this price but because we saw that it also decreased, so what he did was sell Bitcoin. Instead of making a profit, he should have made a profit because after he sold the Bitcoin, that's when it went up.
I think that type of chasing is the reason for most people to lose money as well. Two things cause people to lose money in the crypto world, one is getting in the flow of the hype and buying bitcoin when it is high, obviously when price goes up 3x then there will be a lot of people sharing their immense profits and news all over the world will talk about how bitcoin went up.So, there will be plenty of people who will come in and try to make the same profit but the price won't continue to go up like it did at that point, they are buying at the top. That's the biggest mistake and people should avoid it and buy when it's low. Second is losing and then trying to recover that by putting even more in and losing even more.
Neediness repels money, when you are needy, you will chase, an when you chase you will overpay,
And that's the risk there if you're going to chase it. Too much chasing is exhausting and in trading or investing, you need to be wise in all of your decisions.Because with a simple wrong move that you commit, it will cost you a lot of money and much worse is that you'll lose everything that you've got.
Setting a target price is what we're all thinking about when we trade or invest bitcoin, setting price to buy or sell and the most ideal price in our opinion satisfies us.
Our emotions are the reason why we are chasing it. We should keep in mind that we just have to wait for the right time for us. If we are not in control of our emotions it is possible to make wrong decisions. For example, when investing in Bitcoin, we know that the price of Bitcoin will increase at this price but because we saw that it also decreased, so what he did was sell Bitcoin. Instead of making a profit, he should have made a profit because after he sold the Bitcoin, that's when it went up.
This topic is best fit on trading discussion board, for someone to invest in bitcoin, there must be a two major reasons why such individual is taking such step, either for trading within a short time or investing for a long term, but what we don't get mindful of is the fund used in making that investment we do, because some money can't last long on an investment if they don't belong to us, one will be in a hurry to refund them back, also if we lack how to set a buy and sell order of priority in position, we will sell on a wrong timing or buy when it's not favourable and wouldn't wait and hodl enough before selling off, this challenges were things the investors were found responsible of because they need more to learn.
Trading bitcoin has always been one of this life( modern world) leavarages too me in making money.
An the most effective way of doing that is let the market come to you.
Neediness repels money, when you are needy, you will chase, an when you chase you will overpay,
You tell the market give it too me at this price right here,
Set other.
If you don't give it, then no deal.
My price or no price
An the most effective way of doing that is let the market come to you.
Neediness repels money, when you are needy, you will chase, an when you chase you will overpay,
You tell the market give it too me at this price right here,
Set other.
If you don't give it, then no deal.
My price or no price
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