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Topic: Danger!! (Read 383 times)

legendary
Activity: 3906
Merit: 1373
September 09, 2019, 07:49:49 AM
#35
All of this depends on what a person lives with in his daily life.

If a person is a prepper, and lives off the grid, and never uses fiat or crypto, then he can trade them both without any real danger. The danger comes when you place your living into the equation.

If you are living off of bitcoin, and not off of fiat, then fiat is the investment. Bitcoin doesn't go up or down in value. Fiat goes up and down in value. If you are living off-grid, and you never use fiat for anything, then either one might be going up or down in your eyes.

Cool
newbie
Activity: 49
Merit: 0
September 09, 2019, 03:26:28 AM
#34
Yup. Ok got it... The best think is care about...
newbie
Activity: 106
Merit: 0
September 08, 2019, 09:58:31 AM
#33
Good thing you care about others. Well done
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
September 08, 2019, 09:02:49 AM
#32
Your screaming headline is quite funny and hard to avoid.l
You made a good point. Greed is one of the main enemies of a trader. Little profit repeated many times in a day could be huge profits.  Many traders are chasing after huge profit in a single trade.. . this usually results in quick failed trades and leave them disappointed.
newbie
Activity: 61
Merit: 0
September 07, 2019, 08:05:14 AM
#31
This obvious things are extremely important and should be kept in my mind of every person
hero member
Activity: 3024
Merit: 680
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September 07, 2019, 03:59:34 AM
#30
Great read.

5% for short term or daily traders can be a good as perfect amount to profit. Sure there are lots of investments out there and risks that you should take must be tolerated, if not then leave it.

Taking a risk is essential to gain something but don't come up to that point that you have to risk everything and sacrifice others comfort.
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
September 07, 2019, 12:36:29 AM
#29
I think fiat is riskier than anything else. Today a 100 dollar will worth not even 50% of it's value after 20 years or earlier than that.

Dollar is not backed by anything, they can print as many dollar as they need/want. And other currencies are backed by Dollar. How long you think this system will sustain?

Invest all your money in something that had market demand and will have constant value. For me I found Bitcoin and gold. Property is another option but still it has risk.
Fiat never meant to be an investments so people who are having lot of money on savings account or FD they are losing their money slowly.

But investments means something which has productivity which either increase or decreases decides the prices for it.
sr. member
Activity: 2618
Merit: 439
September 06, 2019, 02:38:36 PM
#28
The answer is simple and has been said for how many years now.

“invest What you Can Afford to Lose”

That’s the only thing that matters in this thread.and I also believe that investing in crypto must not be focus to Gain and not to expect higher ,but what we need here is to understand what is cryptocurrency and what’s the purpose of Satoshi creating this.
full member
Activity: 714
Merit: 104
September 06, 2019, 01:20:17 PM
#27
We can write a lot of advice here how to deal with cryptos, alts, bitcoin (or how not to deal with them...)
but unfortunately most of the everyday people don't have the financial knowledge even to trade with stocks responsibly (risk management, etc...) This will cause them to lose money in the end...
If they want to deal with cryptos, it's even worse...
Greed is a strong emotion and it's really hard to learn how to handle it properly...

It seems to me that the entire cryptocurrency market and the cryptocurrency user community themselves have become hostages of the situation, because they themselves are guilty of what happened.  Before 2017, an active pr campaign was conducted regarding the popularization of cryptocurrency in society and a lot of new people who had neither experience nor knowledge rushed to earn using cryptocurrency.  And if in 2016, even when participating in the Bounty companies, the income was sometimes very large, today a person who does not have enough knowledge will only receive losses in the cryptocurrency market.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
September 05, 2019, 04:00:34 PM
#26
We can write a lot of advice here how to deal with cryptos, alts, bitcoin (or how not to deal with them...)
but unfortunately most of the everyday people don't have the financial knowledge even to trade with stocks responsibly (risk management, etc...) This will cause them to lose money in the end...
If they want to deal with cryptos, it's even worse...
Greed is a strong emotion and it's really hard to learn how to handle it properly...
sr. member
Activity: 2506
Merit: 368
September 05, 2019, 03:22:04 PM
#25
I think people really need to read this if they don't know what risk bring in investing in this kind of market where there are whales who can control the outcome if they want to since it is an open market. That's why the market is always unpredictable no matter what TA and FA we use there is this kind of rally that will suddenly change everything but thanks to the news and article we still able to get a slight insight of the market.
hero member
Activity: 2688
Merit: 588
September 05, 2019, 09:48:22 AM
#24
That is what we need to understand that the market has its own risk, but out of the risk, we can still bring out something meaningful from it, there is no business or program that does not have its risk, but we are still surviving in it, but most people that has survived risky businesses or investment are those that do not joke with their risk management tools.

From also what I can learn from this, we also should try to diversify, diversifying also limit the risk off us losing our money, when we diversify, we will surely see some of our investment cover up for our lapses in some of the other weak investment that we have chosen to invest in. I think this aspect of killing over money would not stop because we have some people that has just sold their heart to the devil already.
member
Activity: 672
Merit: 29
September 05, 2019, 03:13:55 AM
#23
To be more successful in live, you do have to take risk. Although investing in bitcoin is risky but taking that bold step to invest hugely will turn around your financial status. If you can be patient enough, you won't regret your actions
sr. member
Activity: 1176
Merit: 301
September 05, 2019, 02:17:53 AM
#22
First of all, i feel i have to open that topic because i read and seen many news about who lost money.i know there are similar topics but nobody read them anymore.maybe they read this.
Crypto markets, forex, any investment, they are all very risky.people should understand that we are just a small players and million dollar investers run the markets.so never trust anyone or never trust your TA %100. If you play like a small player you can win.dont be greedy.dont run after %30-40.even %5 profit is quite enough for most of the time.we can talk about more but not necessary.all of us know those but we dont use them.
Short history of long, here is not a paradise, there is no easy money in the world.so dont get killed yourself, dont lose your all money, dont lose your family's, kid's money.dont exit the market but play it with minimum amoumt and minimum risk.
If even one friend read this and decided to invest like i told and save his/her money then this topic reach its goal.
Money is necessary but its not everything and its not a key of peace and happiness.thank you for reading, best wishes.
I agree don't trust the TA's they are just using you to pump their investment, And it is true don't be greedy small prpfit is enough take it and roll again.
And you are right most of the newbie's thinks that this is paradise because of the news that they've seen.
Investing in crypto as it is their easy way to be the next millionaire.
Most of them would only realize it when the bitter truth hits them hard.
member
Activity: 644
Merit: 10
September 05, 2019, 02:12:35 AM
#21
All jobs are at risk and include investing in crypto. So you know the risk of course you will not be surprised if some time later suffered losses. In trading you should be able to control your emotions. Being a big and small investor must necessarily have a good strategy and be able to understand the market conditions.

Trading now does not expect a profit of 50% because it is very difficult. If you are already trading and your coins are already making a profit, it is better to decide to sell the coins
jr. member
Activity: 378
Merit: 1
September 05, 2019, 02:10:23 AM
#20
Great post. Many people needs to see this and realize that crypto isn't getting rich in a day scheme. One thing I always tell newbies is to invest whatever they can lose and not lose sleep over in crypto because they can get rekt by all the FOMO that always going around.
We should realize everyone is looking out for themselves and will take care of their own interests before anyone else. So, do your own research, know when to get in and get out, and as OP says, greediness will lead you no where.
jr. member
Activity: 378
Merit: 4
September 05, 2019, 01:46:18 AM
#19
dont be greedy.dont run after %30-40.even %5 profit is quite enough for most of the time.

this is a very good point which i usually tell others too but i wouldn't say any percentages though. because whether it is 5% or 30% or even 150% depends on the situation a lot. for instance there are times when in the altcoin market they are pumping some shitcoin up fast and it is obviously going up a lot, getting out in 5% is not a good idea and it doesn't necessarily have to be greediness to wait either. it comes down to analysis of the market and speculation.
additionally you can always both get in and get out incrementally. meaning you buy multiple times at different prices (eg. buy at 1500 sat, 1550, 1600) and dump multiple times at multiple prices (eg. 1600, 1700, 2000 satoshi).

Yes, if it helps to newbies, best tactic for fomo is set stop-loss to up step by step.after a while you will be guarentee the profit, rest is up to a person.
full member
Activity: 2324
Merit: 175
September 04, 2019, 11:18:44 PM
#18
In other words, don't put all your eggs in one basket.

Not only that he should not fall to programs that offer a high return of investment, But Cryptocurrency has also become a playground of scammers and many kinds and forms of investment, so do not believe in everything that comes your way, analyze it and do your own research and always diversify.
member
Activity: 686
Merit: 15
September 04, 2019, 11:15:22 PM
#17
In a volatile market like this, we get a lot of expert predictions, but most times in their private lives they don't use the signal they dish out to the public because they don't even know if it will be successful. Sticking to a strategy that works is very important and not following too many masters.
newbie
Activity: 18
Merit: 0
September 04, 2019, 10:05:08 PM
#16
First of all, i feel i have to open that topic because i read and seen many news about who lost money.i know there are similar topics but nobody read them anymore.maybe they read this.
Crypto markets, forex, any investment, they are all very risky.people should understand that we are just a small players and million dollar investers run the markets.so never trust anyone or never trust your TA %100. If you play like a small player you can win.dont be greedy.dont run after %30-40.even %5 profit is quite enough for most of the time.we can talk about more but not necessary.all of us know those but we dont use them.
Short history of long, here is not a paradise, there is no easy money in the world.so dont get killed yourself, dont lose your all money, dont lose your family's, kid's money.dont exit the market but play it with minimum amoumt and minimum risk.
If even one friend read this and decided to invest like i told and save his/her money then this topic reach its goal.
Money is necessary but its not everything and its not a key of peace and happiness.thank you for reading, best wishes.

With the times and experience everybody know this. Those who don't know will only learn with experiences.
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