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Cryptocurrency market trading will have you losing and winning all the time. It's up to you with your decision on how much you want to lose in each trade compared to how much you gain. If you're not greedy, you will reduce your trading risk and leverage.I can actually relate to this. There was a time that I suffered terrible loss in the cryptocurrency market due to a very sudden dip in the market but then, I made a surprising comeback from it.
I can actually relate to this. There was a time that I suffered terrible loss in the cryptocurrency market due to a very sudden dip in the market but then, I made a surprising comeback from it.
Cryptocurrency is a very volatile market. When you're investing in any cryptocurrency, you need to understand how coins behave. You can't invest in cryptocurrency on a short term and expect to make money from it. There are some cryptocurrency I have investment on for over 3 years and I haven't sold any of the coin.
I did! I remembered that it was not easy starting my poultry farm. I was just out of a job then and I needed to have something that I can always fall back to when I need funds to carry out my expenses. However, the business had a big loss after 6 months, but my never say die attitude made me not to give up on the business and I am happy that I took those decisions.
Was there ever a time where you, or someone you knew made a business comeback? I never had to make a comeback from anything, but I have worried often about if I ever had to recover from something. I hope if I ever encounter that, that I could overcome it and make a fast comeback.
If you ever been there, how was your comeback?
There are many people who have made a great comeback after the covid-19 period ended. This was the time when things were going really harder for many people. During that time many people worked harder in order to survive. They did a pretty good job at it.
If you managed your trading risks properly, it won't be so difficult to recover any loss you had in forex trading. How forex trading works, if you lose 2 trades and win 3, you will cover your losses 100% and be in profits with only the 3 trades but your risk management is the key.It takes people of great character to come back to business after sudden mishap. It has happened to me . I lost so much money trading forex market but I was not deterred to quit. I actually recovered and started trading again..
A comeback from a temporary financial downturn might be easier than bouncing back from a major reputational crisis or a prolonged economic recession.
The road to recovery can be challenging, but with the right strategies and dedication, many businesses have successfully come back from difficult times and even emerged stronger than before.
Almost all businesses suffer from temporary financial setbacks. It's a very common thing that happens when either the month's marketing strategy and campaign didn't work out as planned. The sales would be affected in this manner which will result in the temporary financial downturn. When this strategy is changed, things will be sorted out quickly but it's completely different from being in a prolonged economic recession that's never ending.
Economic recession can kill lots of businesses in a country and that is one thing that is happening in some countries right now where those doing businesses are not getting the right financial support that can help their business grow better. I have experienced some financial issues at the farm, but a situation where one is faced with some uncertainty that you don't even know whether the recession is stopping anytime soon is discouraging for most businesses.
Almost all businesses suffer from temporary financial setbacks. It's a very common thing that happens when either the month's marketing strategy and campaign didn't work out as planned. The sales would be affected in this manner which will result in the temporary financial downturn. When this strategy is changed, things will be sorted out quickly but it's completely different from being in a prolonged economic recession that's never ending.
When my brother took over my dad's store (well, he didn't actually "take it" over) he just became one of the owners along with my dad. He gave the entire store a makeover, including repainting the sign on the side of the building (I had to help him with this).. the color choices. And then he started advertising more, using social media sites to bring more customers in. Sales went 🆙
But that kid has a lot of nervous energy and ambition - just what the store needed. It wasn't failing, but business has been doing very well, especially lately.
Knock on wood - don't jinx.
The pandemic of coronavirus worked both ways for most businesses. There are some businesses that managed to take a very good advantage of what was happening at that time and boosted their businesses which was dying before the virus struck. The other set of businesses couldn't do much and it marked their end.
Only certain businesses gained advantage during the pandemic period. Businesses associated with medical products and equipment made money. In fact, many people even created cryptocurrencies related to the pandemic and tried to make money as well!
It was not only cryptocurrency related businesses that was actually created during the time of the pandemic of coronavirus, but also a lot of health-related businesses. Some of them were scams because a lot of people were interested in finding ways to fix the problem especially those that were exposed and those that don't want to be exposed.
I think that during the covid-19, period many people tried to create many tokens related to the covid-19 pandemic. One of them was the Covid token. The value of this token surged a lot in the past. Unsurprisingly, the value of this token fell tremendously as the pandemic ended.
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