Do yourself a favor: Hold yourself from buying bitcoin. Yes, I have read a lot of chats too. I have seen how the graph has gone up from $800 per coin in January 2017 to a little over $16,000 this January. However significantly, do yourself a favor and prevent buying. This is the most superficial bubble ever.
Despite the fact that the origins remain masked in mystery, the overall harmony is that bitcoins had been designed to practice and collect information on the nature of transactions, both as a research tool or diverting diversion. The very manner of making new bitcoins (mining) depends on recording their transactions, growing a remarks loop one may describe as self-regulating. There are no rules and regulations till now being adopted by any government or financial institution for its generation, creation and regulations.
So try to invest on real products or opportunities which are being floated on strong grounds instead to be on road all at once.
looks like you suffered a significant loss. its not a bubble though. the volatility has been there from start we just have to be prepared for all scenarios.
But safety is best option so try to save yourself before any loss instead of learning a lesson after a great loss.
i have been trading when bitcoin prices were $1500 till all the way to $19k and i am still trading at current prices, i have been able to gain some all the time. every market has an opportunity and its a great learning curve too. i am not here to play safe. there has to be risks in order to get rewards. no risk, no rewards. i take calculated risks though.
Agreed but not agree. I had the same logic that no risk, no gain but at sometimes, I had to be pushed so hard to the wall that I have to risk everything which was still like a nightmare for me still after years but yes, you can gain without risk but not risking your all limits.
calculated risks with a strategy are good. normally i ask people before trading
Are you spending money which you are willing to lose or not.
Do you have a plan if bitcoin going to 100k and takes whole market up
Do you have a plan if bitcoin goes to $1000 and stays there for a couple of years.
Do you have a plan if crypto market stays at current prices for next few years.
as long as you have done your homework for above you are good. now i am going to add another question
you just need to work out a strategy and stick to it. most people who lose money dont do their research and homework and dont give it time. its not a get quick rich scheme where you put some random money and random price for a random coin and expect 10 times return.
wow.. I am really impressed with your strategy.
Yes, I had not plan b while taking risk. There was not such detailed thinking of mine at that time.
Thanks for sharing such a great work.
there are ways you can earn even in a sluggish market as well. if you want to ask questions about it, add me on discord and we can discuss there.
Congratulations @asifmughal! You received a personal award!
Click here to view your Board
Vote for @Steemitboard as a witness and get one more award and increased upvotes!
Congratulations @asifmughal! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!