Have you ever experienced a miscalculation or predict the price when trading bitcoin, so, you experience a loss?
How do you feel when you see cryptocurrency prices drop? You might feel disappointed, sad, frustrated and so on. But, believe me, you have not failed.
The price of bitcoin and other crypto is fast changing. Sometimes, there are times when traders suffer losses where prices actually move down due to a saturated market or reduced demand for bitcoin and other crypto.
Beginner traders also have the potential to make mistakes in investing. Understandably, there are some features that may not be understood by novice traders or just too rushed.
Almost all traders experience the condition of wanting to give up. Indeed, there will be times when bitcoin and other crypto will increase again. Because usually, the decline in crypto prices, especially bitcoin is only temporary. That is why, they rise again and again reach cuan consistently and continuously.
As a beginner bitcoin trader, you don’t give up quickly. Make failure as your motivation to continue to be excited when trading bitcoin. Many people are returning to being traders because they have strong motivation. One of them wants to be a successful trader.
Here are some of the motivations for success that made you survive when trading bitcoin:
1. Learn to Manage Money
Many people suggest learning to manage money from a young age. Bitcoin trading also teaches you how to manage money. If you trade bitcoin consistently, you will learn how to manage saving money, manage pocket money or expenses and others.
You can set aside your finances every month or every week, so you can use it for bitcoin trading. In the previous article, we also discussed that traders are not advised to use emergency funds. Read here: https://indodax.academy/learn-bitcoin-jangan-pakai-dana-duraturat/.
If you have a good method of learning bitcoin trading, you also learn to manage money.
2. Have Savings That Can Be Managed By Yourself
Everyone dreams of having a lot of savings. If you trade bitcoin, then you can have savings in the future. In addition, you can manage your own savings. You can double your money or savings by trading bitcoin and other crypto assets.
Bitcoin trading has tremendous profit potential even unlimited. How many percent do you want to profit? Want 5%, 10% or 20% per month or whatever you want.
But, of course everything proceeds. It’s better if you set a low profit in the beginning of trading or when you are still a beginner trader. But with a note, you must be consistent. After that, you can increase your profit target in the following months.
Well, if you want to have savings that can increase in the future, bitcoin trading can be one of your reasons why you should survive.
3. Side job
At this time, people’s human needs will increase dramatically every year. While income only increased slightly. In fact, often we do not experience an increase in income or salary.
Bitcoin trading is also your reason to increase your income. Bitcoin trading can be your side job. Moreover, bitcoin trading is valid for 24 hours and can be done anywhere. You don’t need to have a sophisticated computer or laptop. Enough with smartphones and the internet, you can already trade bitcoin.
Apart from that, you can also get fantastic profits. Because until the middle of 2020, it’s not only bitcoin that has increased prices. There are some cryptos that have improved fantastically.
So, when you experience a lack of income, you can look for extras by trading bitcoin.
4. Fill the free time
Not a few millennial who waste their time. In addition, they also throw away their money. Imagine, if the time is used as well as possible. Coupled with bitcoin trading that adds to your income.
Actually, you can still have fun while trading bitcoin. Because you only need a smartphone and an internet connection when trading bitcoin. So, you can trade while traveling or hanging out with your friends.
So why do you have to stop trading if your free time can be filled well?
5. Blockchain is the future
Bitcoin and other crypto are investment or trading products that adopt blockchain technology. Where blockchain is a network that is not centralized or decentralized. So that no one regulates the increase and decrease in the price of bitcoin and other crypto. Only supply and demand or supply and demand are the only factors that influence the price of crypto.
When learning bitcoin trading, you must understand that the blockchain is the system of the future.
If you learn to trade bitcoin and learn what blockchain is, you are ready to welcome the future. When people are still confused and ask what a blockchain is, then you understand it.
When you are experiencing losses, try to remember again the motivation above so that you do not easily give up and rise again. Because the price of crypto, especially bitcoin will continue to strengthen.
You can understand the factors that determine the price of bitcoin here: https://indodax.academy/learning-bitcoin-what-because-price-and-turun/
So that you continue to profit in bitcoin trading, you can also listen to tips from Indodax.
Indodax.Academy also presents other articles so that you can keep up with it when trading bitcoin and crypto assets. You can see another article here:
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