Do what is right to be happy - page 2.

Mpamaegbu

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Quote from: Pablo-wood on November 18, 2022, 09:08:51 AM

If you want to sleep freely and be happy stay out from hodling in exchange

Suddenly, everybody has become sagacious on not keeping coins on exchanges. You guys advising this forget that it's not possible for traders not to leave coins on exchanges. Perhaps, what should be advised is for much coins not to be left on exchanges. Except if by that advice what is meant is "investors". There must be readily made available coins on exchanges for traders to execute seamless trades, otherwise they will have to always send coins to exchanges each time they want to trade. Who does that?

Quote

Only Bitcoin can make you smile while waiting for bull. Know this and know and have peace.

This isn't entirely true. Go and ask those who bought Bitcoin at its last ATH of $68k+ and feel their pulse.

lalabotax

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If our goal is for long term investment with lower risk, there's no mistake, Bitcoin is the only choice that can make us calmer. However, this will also depend on each person's personality and emotional control. Sometimes, someone hopes too high and is not ready to take risks. One of them is when the market suddenly crashes because of certain FUD, and finally he is stressed because their Bitcoin portfolio has dropped dramatically. They think they have lost their money and panic because they hope to get rich quickly. Even though they won't lose their money as long as they still hold the Bitcoin and leave it until the price rises, especially in the bullish era. But if they panic and sell it outright, yes they really lose the money.

Awaklara

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Quote from: Pablo-wood on November 18, 2022, 09:08:51 AM

If you want to sleep freely and be happy stay out from hodling in exchange, and stay away from altcoins. Bitcoin survive in the bear market no how tough it will be. Only Bitcoin can make you smile while waiting for bull. Know this and know and have peace.

it all depends on the psychology of each person is different. sometimes some investors do have anxiety about what is happening in the market. which of course will affect the market. although the investment planning is done will never be disturbed.
After all, not all altcoin investments are bad. Bitcoin is indeed a good choice, I agree with that. but some investors have proven that investing in altcoins will also provide benefits. but of course, it depends on the potential altcoin we choose for investment planning.

Zilon

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Bitcoindata.science

FTX has taught so much lesson to the crypto community. A friend told me why he preferred having his coin on CEX is because of the ease and low cost of swapping coins on CEX compared to DEX not minding the high risk involved some persons might just have to witness this collapse of top exchanges then become victims themselves before the will decide on avoiding CEXs.

Some altcoin will still survive the bear market but shitcoin definitely won't the bear market will wash off the noisy projects, to keep it simple for non technical or fundamental analysts Bitcoin comes with rest of mind and good peace

RockBell

sr. member

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Underestimate- nothing

The majority of people prefer to buy altcoins, however most of these alternative currencies will not survive current bear market in comparison to bitcoin. If you want to earn from your investment right now, Bitcoin is the best option to consider. When it comes to exchanges, consumers will not entirely give up on holding their money on an exchange. What is happening now, in my opinion, should scare people away from holding their assets in an exchange.

Taskford

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Quote from: Pablo-wood on November 18, 2022, 09:08:51 AM

If you want to sleep freely and be happy stay out from hodling in exchange, and stay away from altcoins. Bitcoin survive in the bear market no how tough it will be. Only Bitcoin can make you smile while waiting for bull. Know this and know and have peace.

If you are a trader you don't have a choice but to leave some amount on exchange since it will cost you a lot of money if you keep depositing an amount if you want to trade on daily basis.

But to avoid getting stressed with it and get worried about possible hackings or exchange scamming just make sure you left a small amount and also always practice to withdraw what you earn for the day so that you can make sure what ever happen to the exchange you already got your profits out there.

Issa56

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Quote from: Pablo-wood on November 18, 2022, 09:08:51 AM

If you want to sleep freely and be happy stay out from hodling in exchange, and stay away from altcoins. Bitcoin survive in the bear market no how tough it will be. Only Bitcoin can make you smile while waiting for bull. Know this and know and have peace.

Lots of altcoins will definitely die during this current bear market, which people that invested in them will regret why they invested in altcoins, am sure some of them will lose interest in Cryptocurrency just because of the money they lose, but they don't know if you are planning to make a safe investments, then just invest in bitcoin, investing in altcoins is just like you are gambling which the chances is 50/50, either you win or you lose, but if you invest in bitcoin their is 100% assurance that you are going to win, just be prepared to hold for long term.

Also if you are also holding your bitcoin, make sure you don't leave it on exchange, just buy on exchange and move to your non custodial wallet. We have seen different exchanges that have been hacked and the recent one that just happened, I believe all of us should have learn lesson from that.

salad daging

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Bitcoin To The Moon 📈📈📈

Quote from: AakZaki on November 18, 2022, 05:59:55 PM

Even if you stay away from altcoins and holding strategies, you also won't be comfortable trading bitcoins with only limited knowledge and buying them at peak prices. do the right thing to be calm by buying at the right price and exiting at the right price so as not to make a profit.

If he doesn't know more, then just buy and keep, don't trade because this also requires a strategy to understand it, so even if you buy we have to realize that buying at the peak is also not the right time, for example, now is the right time, maybe for beginners who want to invest now is the time and most importantly they must understand the investment being made, don't just rely on recovery in the future because that also needs our calculations to target it.
Maybe it's better not to panic, don't be FOMO, that's what makes you stick with Hodling.

AakZaki

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Even if you stay away from altcoins and holding strategies, you also won't be comfortable trading bitcoins with only limited knowledge and buying them at peak prices. do the right thing to be calm by buying at the right price and exiting at the right price so as not to make a profit.

decodx

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Hello, @Pablo-wood! Welcome to our forum.

Yes, people definitely need to keep their money in their own wallets. "Just because you can store your coins in a crypto exchange doesn't mean you should." It is easy to become comfortable with leaving all your coins on an exchange for trading purposes, but I beg you not to. And there are a number of reasons why you shouldn't. First and foremost, if the site gets hacked, you'll lose all your money. Second, if regulators decide to crack down on these exchanges for any reason (or for no reason at all), they could be shut down and you'd lose access to your money. And finally, if the exchange itself goes bankrupt or decides to shut down without any warning whatsoever, you'll be stuck with absolutely nothing.

ajiz138

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The bear market cannot prevent any coin from this event because any coin will surely fall too but how strong you hold in this situation then it is better and can wait until the recovery comes back, we believe in bitcoin as one of the coins without a doubt again in the future I always invest every week with the DCA strategy I never thought about the market crashing so much due to lots of fuds happening I want to focus on collecting bitcoins endlessly to continue to be processed from every routine purchase it becomes a definite goal compared to investing in other coins.

Never store assets on exchanges, because non-custodial wallets are much better.

mk4

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Quote from: Outhue on November 18, 2022, 02:50:51 PM

The moment you make deposit on exchange things can turn sore for you. The best solution is to start using a capable Dex for trading.

Definitely not totally against DEX's, but DEXs pose their own problems and risks — bugs, exploits, and rug pulls. I'd say overall the risks of DEXs and CEXs are slightly similar. But regardless what your choice is, only allocate a minor amount of your total bankroll as to prevent yourself from being a victim.

Piesel

sr. member

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Bitcoin is the best choice when holding assets for the long term, and also we should know that having to dive into buying bitcoin at the right time is also a good way to go about it.

Since Bitcoin is a volatile asset we should make sure that we have a good entry price so that we will have a good position whenever the market situation happens.

Obari

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Quote from: Pablo-wood on November 18, 2022, 09:08:51 AM

If you want to sleep freely and be happy stay out from hodling in exchange, and stay away from altcoins. Bitcoin survive in the bear market no how tough it will be. Only Bitcoin can make you smile while waiting for bull. Know this and know and have peace.

I'm not sure holding Bitcoin will certainly happy as it is also very volatile.
The volatility in cryptocurrency are so high which makes them very uncertain and it's uncertainty is the fun and business in it.
One thing you must have to know is the fact that before one ventures into any form of business, one must and should first learn the rudiments In the field before thinking of the benefits involved.
I've seen people making a living out of altcoins consciously and I don't see altcoin ending anytime soon.

Upgrade00

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Quote from: Dunamisx on November 18, 2022, 11:38:49 AM

everyone want decentralization but never know that bitcoin is the only route to thelis while others are centralized.

Decentralization does not involve holding multiple assets (mostly shitcoins) in a correlated market. A smart way to diversify is to pick the best of different industries and niches and buy in, this way you have assets which can have varying degrees of success across different times.
I advice Bitcoin holders to experiment in other sectors, but I never advice them on altcoins or tokens to buy.

Outhue

sr. member

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There is no way people won't hold their assets on crypto exchanges, a daily crypto trader have no choice but to leave his or her coins on crypto exchange for another trading day, even if they move the coins out to their wallets every day it makes no difference, why?

- they will spend too much on gas free, sending back and forth .
- exchanges won't raise an alarm when things are about to go wrong.

The moment you make deposit on exchange things can turn sore for you. The best solution is to start using a capable Dex for trading.

NOT YOUR KEYS, NOT YOUR COINS.

Dunamisx

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Many investment made where out of over excitement to make profits in crypto whenever they heard about the trending means to make it through digital network, but it's a pity that many have left their search on the appropriate coin to invest on and fall into a pit because they never look before they leap, instead of going through the appropriate channel and learn about bitcoin at first they got distracted into investment with alts, there's nothing too bad like that when someone choose to take other cryptocurrencies into consideration but by then there must have been enough resources and all it take to go for the risk therein, everyone want decentralization but never know that bitcoin is the only route to thelis while others are centralized.

Pablo-wood

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If you want to sleep freely and be happy stay out from hodling in exchange, and stay away from altcoins. Bitcoin survive in the bear market no how tough it will be. Only Bitcoin can make you smile while waiting for bull. Know this and know and have peace.

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