No where is actually safe - page 10.

so98nn

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Quote from: Bitcoin_Arena on November 26, 2021, 06:48:30 PM

Simple rule is, While you are making profits, it means someone has made a loss. It's how markets are. Not everybody is going to make profits. The smartest win while the dumb ones lose.

For example the current bull run favours the smart ones who bought during the market. The dumb ones who are buying now due to FOMO might make losses should the market reverse for long periods of time.

Well, its tricky market I would say. Because many of them are actually thinking about this as excellent opportunity to buy whether it is FOMO or whether it is just another correction from those thousands which already happened. Moreover it even does not matter if it is because of some big billionaire playboy is dumping while he sniffs the cocaine from the table.

So obviously its not safe, it's just the way it is. Since the market was initiated a decade ago peeps are talking about this ponzi schemes all the time. First bitcoin was also declared as the Ponzi scheme and everyone is looting the buyers in first place.

Turns out that it was not ponzi as the whole world wants bitcoin and wanna bag as much as they could in short period of time.

Yup its not safe, but it works; you just need to be careful where you donate your money. Wink

Wexnident

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I don't request loans~

Quote from: Zilon on November 26, 2021, 04:04:13 PM

I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.

I'm pretty sure that's every investment out there is? Only dumb people would invest with the mindset of actually profiting off of what they invested immediately, turning their $1 to millions in an instant, but hey, a man can dream amirite?

Quote from: Zilon on November 26, 2021, 04:04:13 PM

If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses

It's not just crypto investment, it's every business that's difficult if you are dumb and don't really study what you're going to invest in. Crypto has a lot of room for one to actually profit if you're one of the early investors. Heck, I'd still consider this time as an early investment really. Though as others have said, if you're winning, someone else is also naturally losing, that's how trading works after all.

Quote from: Zilon on November 27, 2021, 04:33:02 AM

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. This where the technicality that blows down account within seconds comes in when the analysis goes wrong. To decide when to sell and when to buy back so you don't get trapped in the whale is the deal. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky

So you mean that you should hodl when the price is stable? I don't see how one can profit that way though. Besides, zoom out a bit, and try saying again that hodling isn't the best for Bitcoin lmao.

Jawhead999

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Quote from: Zilon on November 26, 2021, 04:04:13 PM

although one can attest to the fact crypto isn't ponzi

I disagree, there're many ponzi scheme on altcoins this one example

Quote from: ?? on ??

Quote from: Zilon on November 27, 2021, 04:33:02 AM

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky

Disagree again, Holding is the best for Bitcoin more over if you combine Holding and DCA. You may not earn too much or loss too much, but at least it will minimize the fluctuation price. If you don't like fluctuation... I think Bitcoin, altcoins, forex, etc isn't your friends.

I'd prefer to hold Bitcoin over fiat because every months fiat value always inflated.

adaseb

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Quote from: Bitcoin_Arena on November 26, 2021, 06:48:30 PM

Simple rule is, While you are making profits, it means someone has made a loss. It's how markets are. Not everybody is going to make profits. The smartest win while the dumb ones lose.

For example the current bull run favours the smart ones who bought during the market. The dumb ones who are buying now due to FOMO might make losses should the market reverse for long periods of time.

This depends on the timeframe. For most short term investments, this is considered true, its a zero sum game out there. However for people with IRA and long term investments it doesn't mean one of the players needs to be a loser.

Someone 100 years could of bought a stock as an IPO, and they sold at a profit 25 years later to someone else, then that party sold to someone else at a profit 25 years later. And thru the generations each individual sold at a profit and the current owner is also sitting at a profit.

As long as the company doesn't go bankrupt and keeps making money... each investor makes money. Obviously the last investor will lose if the company goes belly up.

Darker45

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Quote from: Zilon on November 27, 2021, 04:33:02 AM

Quote from: Darker45 on November 26, 2021, 08:37:35 PM

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. This where the technicality that blows down account within seconds comes in when the analysis goes wrong. To decide when to sell and when to buy back so you don't get trapped in the whale is the deal. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky

First, we have this one:

https://twitter.com/BTC_Archive/status/1462071760766001152

This is the reality that amidst its volatility, Bitcoin's price is actually going up higher and higher if you look at it from a couple of steps back. If you zoom in, there's really a wild price fluctuation. If you zoom out, you will feel really comfortable about HODLing, because there is an obvious price appreciation.

Second, you mentioned about the possibility of getting rekt when the analysis goes wrong or if you got trapped in a whale's decision. In your own words, crypto is just too risky. But what does that really mean? It means Bitcoin's price could rise and fall big time any minute of the day and that it is unpredictable. It is, therefore, very risky to play with its short-term price. But such risk is virtually non-existent if you widen your time frame, say, 5 years or a decade. Which leads me to ask, why should you court risk when there is a much safer and even sure way of making money without really doing anything.

Anguwa

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Some people really thinks that crypto trading is the easiest way to make money in short period of time, not knowing that the strategies of normal trading is also involved in crypto trading. The truth is that is not everyone that invest will have profit, the game is either gain or loose. But nevertheless crypto trading has been a survival source for many people from different locations in the world, and also has been the source of some people failure due to lack of learning and patience.

Zilon

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Bitcoindata.science

Quote from: Darker45 on November 26, 2021, 08:37:35 PM

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

Mere HOLDing isn't the best for bitcoin and other crypto with high volatility. This where the technicality that blows down account within seconds comes in when the analysis goes wrong. To decide when to sell and when to buy back so you don't get trapped in the whale is the deal. Just like bitcoin which is never stable always having a fluctuation in price so much of experience and knowledge is needed crypto is just too risky

israt1@

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https://imgur.com/yw8HFn9

No business is without experience. All businesses have profits as well as losses. If someone thinks that cryptocurrency is very easy then no one is stupid than him. But if he has to learn it, it will be very easy for him. If someone invests in crypt then he will lose all his money. So learn first and think invest.You can learn everything by spending time here without any money.

SatoPrincess

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Leading Crypto Sports Betting & Casino Platform

I think people are attracted to crypto because it is a disruptive and growing market. There is so much to be made from it.
Those that quit thier jobs to trade/invest in cryptocurrency do so because it offers them the freedom to work remotely from anywhere. The younger generation do not want the 9-5 life they want to control at thier own pace. This is why I think metaverse is such a buzz

Rruchi man

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Quote from: Zilon on November 26, 2021, 04:04:13 PM

Many are living their businesses to turn to crypto with the mind of joining the trend

If it's your business, I see no reason leaving your business that you started to face crypto when you can actually do both and be at an advantage, get money from business and invest in crypto.

Quote from: Zilon on November 26, 2021, 04:04:13 PM

But the truth remains crypto investment is more difficult compared to manual businesses

What truth please, this is not completely Correct OP, this is a wild generalisation. There are different kind of businesses worldwide, some easy, while others difficult to run/operate. The level of difficulty of a particular business also varies from person to person, that is a business difficult for you, may not be difficult to another. Some persons have even also built a business around crypto and even consider crypto investment a business, so i think the comparison is out of place.

traderethereum

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If people invest in crypto without the right knowledge, they will not profit, even if they save it for a long time.
When you buy a coin, you should know why you should buy and not follow what other people suggest because they can not always be right.
But if you hold bitcoin for a long time, you will have a chance to make a big profit and we already had seen that when we bought bitcoin in 2015 and held it until now, we can see how much money we have can earn.
Research is important before you try to be involved in any investment, not just in crypto because that can help you decide.

Darker45

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You know what, I don't agree. The rule is actually simple; you buy Bitcoin and keep it safe. That's all there is to it. What's not easy with that?

The thing is that people are complicated. We want to trade. We want to analyze charts, develop patterns, make strategies on the best entry and exit points, and so on. We want to invest in altcoins for better opportunities. We get into ICOs, IDOs, DeFi, staking, and so forth. And we are emotional, too.

But what is there in the entire history of Bitcoin that says mere HODLing is not the best thing to do?

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

Simple rule is, While you are making profits, it means someone has made a loss. It's how markets are. Not everybody is going to make profits. The smartest win while the dumb ones lose.

For example the current bull run favours the smart ones who bought during the market. The dumb ones who are buying now due to FOMO might make losses should the market reverse for long periods of time.

Zilon

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Bitcoindata.science

Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.

I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.

If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses

Topic: No where is actually safe - page 10. (Read 1177 times)