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Cryptocurrency is in its infancy in many ways. Bitcoin in all its success was initially closed to several buyers so the strategic navigation to cryptocurrency as a closely held secret among its users. Today, many newer investors now have to find their way through buying, selling and exchanging of a complex new currency system unlike anything they are used to regarding stocks or bond investments. If you are new to digital coinage, it is perhaps best to listen to the experts as they reveal how to overcome the challenges of such investments.
1. Set Your Value and Understand the Risk of Its Loss
You cannot expect to rush into cryptocurrency trading and think you will make a huge
investment worth millions. Luck should never be a part of your strategy. You must set a base value and then carry an expectation that the amount is always at risk for loss.
When you see your investment as a risk, you think about each dollar that you earn or lose and set in place practices that need to take place. What currency do you want to invest? What is your strategy for daily investments? At what value will you buy or sell?
2. Create an Investment Strategy
The value of cryptocurrency rises and falls daily. Most experts agree that the ability to monitor these changes gives you the best chance of making a profit, in fact some people opt for Bitcoin Trading bots like Bitcoin Superstar to give them the upperhand. Cryptocurrency investment is no different from the volatility of the stock market, so avoid mistakes like these:
● Never invest in anything that you do not know; cryptocurrencies that sound too good to
be true generally are; take the time to research first.
● Never put your eggs in one basket; you can recuperate losses if you have other
cryptocurrency stocks to work with
● Avoid overtrading as your fees can rack up and detract from profits
● Never invest large sums in penny cryptocurrency stocks
● Never leverage borrowed capital
● Never short stocks you do not yet own
3. Find an App to Keep You Informed
Indecisiveness is a newbie trader mistake. It takes time to run down leads, values, or trading points which is why many people miss out on good investment opportunities. The experts will advise you to find a favorite application and set alerts to act quickly.
A recent Bitcoin Trader review showed that there is value in using applications to monitor daily cryptocurrency changes. You also have access to artificial intelligence to guide your daily dealings, which are more accurate and up-to-date than websites.
4. Learn How Best to Navigate Daily Loss and Gains
Never assume a stock will continue to rise. Also, never assume that you should hold on to a
stock when it falls significantly. Your best asset is your knowledge in learning how to navigate daily loss and gains to buy in and get out when it is most advantageous.
Because most cryptocurrency is publicly traded, you always have access to critical information. If you know where you stand with profit, you know when to sell to keep it. You also understand when it is better to hold on to stocks even when they begin to slide.
5. There Is No Get-Rich-Quick Cryptocurrency
Even the original bitcoin investors did not get rich overnight. They bought in at a low price and sat on their advancements as cryptocurrency invaded the market. These investors also
understood that there would be a disruption before making any profit.
The ability to know the difference between short-term and long-term trading significantly impact your revenue. Had they sold their initial stocks early on, they may have even experienced losses as legislature tried to crack down on cryptocurrency systems.
6. Take Your Emotions Out of the Equation
Never trade with your emotions. Never start a sentence out with I think, I believe, or I feel when it comes to the stock market. You should always trade with a certain amount of surety based on careful market analysis and daily market trends.
You should also not overthink your strategies. If you have already put into place a strategy for cryptocurrency investment, you know when you should buy, sell, or trade your coins. You should also separate coins risk, so you do not overthink actions.
7. Research, Research, Research
You soon learn that every decision you make is an experience. You also learn what you should have done when you make mistakes. Before jumping into the cryptocurrency market, learn from experts about their successes and failures.
Research is a vital part of your learning curve, which prepares you for both actions and
emotional responses to mistakes. You learn to hold on to base investment capital, avoid fast and loose investment with it and build a portfolio of smart decisions.
What Should I Know Before Starting?
Blockchain technology is forever changing and knowledge of how blocks work and how
cryptocurrency miners dig through ledgers to find blockchains and analyze the probability that new block coins are created help you know when to invest.
A coin devalues when too many block creation occurs which is why miners solve complex
mathematical equations to prove their work and validate the blockchain. If you properly calculate the hashes, you receive cryptocurrency in exchange.
There is no limit to the guesses, but your ability to mine data is a critical part of research and eventual reward. As an example, bitcoin only has 21 million coins worldwide. If you received bitcoins early on, they would be highly valued today.
There are more people mining today, so your laptop is not fast enough to keep up. It requires sophisticated hardware with the capability to mine data quickly. Today’s hardware may cost you thousands which is why an affordable software program like Bitcoin Trader has value since it can calculate a massive amount of data and calculate answers within seconds.
Having the right attitude both mentally and physically can also be strenuous even for the experts because of the volatility of a complex cryptocurrency market. Avoid making decisions based on emotions and find reliable sources for information as it will become a trader’s best asset.
Israeli Ambassador Naor Gilon on Thursday said that the Pegasus snooping issue is India's internal matter.
The NSO is a private company and it has a license to sell its software to the government entities only, he added.
Gilon said: "This is an internal issue of India and I can't speak beyond this point. This is the only main requirement that... under the requirements, they cannot sell it to non-governmental actors".
Responding to a query if the Indian government will contact them, he said that he has no idea whether the Indian government has contacted them or not.
Referring to the explosion that took place last year near the Israeli embassy in Delhi, he said that the perpetrators are yet to be nabbed; however, the investigating agencies of both countries are cooperating with each other.
"We are thankful to the government of India for providing security to all embassy personnel," Gilon said.
Talking about the newly-formed quad with Israel, India, the US, and UAE, the Ambassador said it is totally an economic forum based on mutual cooperation among the participant countries.
"It has nothing to do with the military component as of now," he added.
Talking about Afghanistan, Gilon said that the country should not be used for extremism.
"There should not be any human rights violation and women and children should not suffer there", he commented.
Saying that Israel is a technologically sound country but it cannot go for industrial manufacturing, the partnership between India and Israel can work better for industrial productions.
Sharing the details of the recently-concluded visit of External Affairs Minister S Jaishankar, he said that the visit was most successful in terms of bilateral relations.
Jaishankar met all important Ministers of the Israeli government and also met the Indian Diaspora, the Indian Jews who have recently settled there.
"It was a very warm visit, very friendly which I think emphasized the strategic partnership declared during the visit of Prime Minister Narendra Modi in Israel. I think that the visit was in the spotlight of 30 years of diplomatic relations which we are going to celebrate on January 29 next year," Gilon added. (IANS/JB)
Keywords: Israel Politics, Indian Diaspora, Pegasus issues, Pegasus snooping issue, a partnership between India and Israel.
The Sher Bahadur Deuba government on Thursday recommended veteran diplomat Shanker Sharma as the next ambassador to India.
Sharma earlier served as Vice Chairman of the National Planning Commission and Nepal's Ambassador to the United States of America from 2009 to 2013.
The post in the New Delhi embassy of Nepal fell vacant recently after Deuba recalled the ambassadors from 12 countries including India. The outgoing ambassador, Nilamber Acharya has already returned to Kathmandu.
Sharma has extensive experience in government, international institutions, and economic research. Before joining the National Planning Commission as a member in 1997, he worked as a Senior Economic Advisor, Ministry of Finance, Nepal; a Senior Economist in the Institute of Southeast Asian Studies, Singapore; and a Fellow in the East-West Center, Hawaii. He also served as a Professor of Economics in the Centre for Economic Development and Administration, Tribhuvan University.
He worked regionally and globally for many organizations, such as the UNESCAP, World Bank, and ASEAN. Sharma is close confident of Prime Minister Deuba. (IANS/JB)
Keywords: India-Nepal relations, Nepal Ambassador, economic research.
Prime Minister Narendra Modi on Thursday announced that 2022 will be celebrated as the friendship year for India and ASEAN countries as both have completed 30 years of partnership.
The event will coincide with India's celebrations of the 75th year of Independence from the colonial regime, he added.
While participating in the 18th edition of the India-ASEAN Summit, Modi said, "India is committed to deepening its relations with the next presidency, Cambodia and country-coordinator Singapore."
"History is witness to the fact that India and ASEAN have had relations for thousands of years. India-ASEAN relations are reflected in everything, including in our shared values, traditions, languages, scriptures, architecture, culture, food," the Prime Minister noted.
Speaking about the Covid pandemic which engulfed the whole world, he further said that the Covid period was also a test of India-ASEAN friendship. "Our mutual ties in the Covid time will keep strengthening our corporations in future and form a base for goodwill between our people," Modi added.
He further said that the unity and centrality of ASEAN have always been a priority for India and history has witnessed the fact that "we have had ties since thousands of years," he said.
The Prime Minister also said that India's Indo-Pacific Oceans Initiative (IPOI) and ASEAN's Outlook for the Indo-Pacific are the framework for their shared vision and mutual cooperation in the Indo-Pacific region.
During the Summit, the head of the member states will review the progress of India and ASEAN Strategic Partnerships which was signed in 2012. They will also review the progress achieved in the sectors like Covid-19, health, trade and investment, connectivity, education among others, the officials of India's Ministry of External Affairs said. (IANS/JB)
Keywords: India, and ASEAN partnership, COVID-19, India, and ASEAN, India, and history, Indo-Pacific Oceans Initiative.