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1  Economy / Economics / Re: Money addiction on: May 25, 2024, 03:55:33 AM
On a scale of 1-10 I will say 9 out of every 10 are addicted to making more money even though not everyone attain this height at the end of the day. We live in an every hiking economic society. Prices of commodities keep changing as each day passes by. This has invariably triggered the addiction to more money as the usual earnings is no longer enough to maintain once life style.

Many have been forced into adapting to their current spending ability, others have deviced means to earn more so as to meet up others has choosen the looting method just to survive.

Based on this Ninety percent of people in every sector of life has higher chances of looting only that most people are not privileged to get the opportunity to carryout what's in their minds
Maybe you are right or wrong but you just don't think everybody is like you that believe that every opportunity in life need to be utilized to steal funds and do something imoral. People are not actually like this. You just don't judge thinking everything has the potential to think like you. It is true that we all wants to make money but not everybody wants to make.monwy from the wrong path. We need to sensitize people that have such mentality of stealing and taking what does not belong to them just to make extra money. We need to make the world a better place for the young ones coming up so they would not have to believe that doing illegal things or participating in fraud is the only way forward.
There are people who only look for blessings in everything they do, this is related to their belief and confidence that it can make their life happier and feel sufficient. It's different with the nature of someone who wants to pursue a lifestyle, so whatever he does is to cover up a lifestyle that he's proud of, such as seeking approval from other people, and I'm sure that kind of person will actually make his life's burden heavier. therefore religious values need to be applied
2  Economy / Trading Discussion / Re: Lack of capital or knowledge, which one is holding traders back from profits? on: May 25, 2024, 03:36:54 AM
Both of the two instances can make a person not to be profitable in trading. They are both important because without any one of them, you can’t place trade and be confident that it’ll give you good profits. My instance was the lack of knowledge part and I still feel I haven’t learnt a lot yet because of the winning to losses ratio one incur from time to time. Trading will only be enjoyable with both money and the knowledge. Depending on the profits you’ve made from it after being accumulated from trading, it can be used to fund your account. You just have to plan yourself and how you intend to have a way to always fund the account and trade again because practice makes perfect.
Knowledge about trading is of course very important to be able to trade and also the funds we use in trading are of course equally important because without funds and knowledge of course it will be very impossible for us to be able to trade.
Practicing to become someone who can trade is of course very important and we must remember that when we are practicing we have to use capital that we can afford if we experience failure and that we can still correct the mistakes we made and will be able to try again.

True, both are equally important because knowledge and capital will go side by side, or that means to be able to make a profit then a trader needs to combine knowledge and capital, but if there is a question about which is more important between knowledge and capital then I think knowledge is much more important than capital, because after all as we know that the name of capital we can get from anywhere and there are already quite a lot of services that provide loans (although I understand that the idea is not recommended), meaning that when someone has knowledge but does not have capital then they still have an alternative to utilize which is to borrow money. But if someone only has capital but no knowledge for various reasons such as lazy learning or any reason then I think the trading activities they do in the end will just waste their time and money, but yes overall these two things are really needed because it is something that must be prepared by a trader.


Knowledge is the main capital for trading, while we can obtain cash capital from various things so that we get capital for trading. Many traders are given capital from investors, but with certain contractual ties and certain agreements agreed to by both parties. because basically a trader does not want intervention, so they can think calmly and communicate with market movements
3  Economy / Trading Discussion / Re: Stop paying money to learn trading when you can learn it yourself on: May 25, 2024, 03:26:03 AM
When it comes to basic thing then it's okay to collect knowledge from open sources like YouTube or other websites where they provides free trading trips and tutorial for beginners. But after the certain time, when you need to know more you need to work very hard or you can spend money to make all those things easy. I think a mentor or guideline is very need while a beginner start doing trading. Although you can go without those but you will be helpless When you found complex situation. Or a newbie can join any community or Forum like this where he could discuss and learn about reading freely.
It will indeed be more effective if we have a mentor, because we can immediately exchange ideas on the problems we face when trading. With the presence of a mentor, we will be able to shape our own trading character, and of course later we will find the identity of our trading style. This will be very different from studying on YouTube, which in fact does not provide problem solving to the problems we face.
4  Economy / Trading Discussion / Re: Trading is not a lifetime job. on: May 25, 2024, 02:53:55 AM
Yes, I agree with you. Trading is not a lifetime job, but Trading is one thing that can support man in different fold. You may not have much interest in trading, but the little you learn was support the knowledge you already have in different aspect of life and was supported. Yes, Trading is something different. It is good you are also engaging different thing. Get more understanding in different aspect of life before going into Trading properly. Even you going to Trading also understand different as butterfly. I may not have the code understanding to explain this better, but I’m trying to make some point.
I hope that trading can open up other business fields, be it real or online businesses. We can diversify the money we get from trading into other types of business. with more fields, our finances will be more secure. because I also agree with the statement made that trading is not a lifetime job, so we must be able to make the best use of the opportunity
5  Economy / Trading Discussion / Re: Pump Bitcoin over $70,000! on: May 24, 2024, 04:37:06 AM
OP seems too much excited about the continuous growth of Bitcoin as well as It seems he also hold shiba inu too in his account. But its all about holding! This isn't the way how trading works. But yeah, you are doing spot trading, then maybe the higher price of Bitcoin will keep giving you more and more profit until you sell. So is for shiba inu. But as you can see Bitcoin is dumped already, so is shiba inu. Cause you should know that, there's no crypto that would continuously flying higher, and doubtly correction will take place sooner or letter. So need to be careful. But yeah, when cryptocurrency trun into green, it'll opportunity for everyone
bitcoin has reached a new ath from the previous peak. and I think it's time for a correction, although we don't know whether there will be another increase after that. Likewise with Shiba Inu which will follow Bitcoin's movements. when bitcoin goes up and down, even shiba can make a more extreme decline because basically this coin is a meme coin, so make the best use of the moment
6  Bitcoin / Bitcoin Discussion / Re: Shops now accept BTC on: May 24, 2024, 04:21:44 AM
It just get to know that some shops now accept BTC as exchange, that is very good Bitcoin is making progress, after some years now Bitcoin will shock the world, with the way things are going now.
Pizza exchange with Bitcoin started on May 22, 2010, since then, Bitcoin's journey to commercialization has largely begun.  So exchanging goods through Bitcoin is not a new system at all, but it could be an important issue in the Bitcoin revolution.  The way Bitcoin's popularity is increasing day by day, in the future Bitcoin will be legalized in different countries as well as the widespread use of Bitcoin in shops and shopping malls.  Bitcoin is currently accepted in countries where Bitcoin is accepted, but in countries where Bitcoin is not accepted, Bitcoin has not yet been exchanged.

Because bitcoin is still a new decentralized digital currency, some countries cannot provide more regulations, it is only a trading asset. Other countries that fully accept Bitcoin as a legal payment asset like El Salvador, it has been a good revolution for Bitcoin payments. now let's see, the more mass adoption of bitcoin the better it will be for the development of bitcoin. This still has many pros and cons and some governments don't want assets that they don't fully control and become legal tender. there are still many challenges for bitcoin in the future.
In my country it has also happened that shops accept payments using Bitcoin, because it is a tourist area and many foreign tourists are on holiday, so accepting payments in Bitcoin is actually a good step for the development of Bitcoin, but the government at that time prohibited it from being used as a medium of exchange. exchange, and finally there were many checks, because the state prohibited the use of bitcoin as a transaction tool
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will always Survive on: May 24, 2024, 04:07:57 AM
A world war that occurs on a large scale could turn off electricity and internet sources, this could affect the journey of bitcoin, because if that happens people will not care about investment but rather how to survive in conditions of chaos.
If they'll ever be a third world war, the state of things would deteriorate and they'll be more casualties that own Bitcoins than survivors that own them... can you imagine a scene where an aircraft crashes and the people around are the first to get to the scene? They'll be left with no choice than to get away with anything they can lay their hands on... That'll just be the fate of most careless people.


basically bitcoin is very dependent on the internet and the internet of course requires electricity. if there is no both then how can bitcoin be used. there is another thing if the government simultaneously makes a decision, even though it is a difficult thing to happen, but nevertheless the authorities can do everything, and the people can only obey the regulations set. but in terms of trust, I think it is difficult to make bitcoin worth zero
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin supply shock will come, price will make new ATH on: May 24, 2024, 03:59:50 AM
Perhaps during the dip many were looking for sellers to sell but everybody held to their coins and it green to choose to sell to the hungry buyers.
During price decline, it just means that there’s not much demand to buy bitcoin and those who are holding it are basically not in any pressure to sell.

Now however during times of price increase, those who have held since a long time ago might now see an opportunity to finally claim their profit. As the price rises, more and more people are going to want to buy which will further increase the value of bitcoin.
Basically, economics greatly influences price changes that occur. Here our task is to find the right time to buy or sell it. It seems easy, but it has classic challenges, where greed and panic are a threat that must be overcome within us, which of course we must have knowledge so that we can analyze and draw the work area, so that there is a target that can be taken advantage of.
9  Bitcoin / Bitcoin Discussion / Re: Do your parents invest in bitcoin ? on: May 24, 2024, 03:42:52 AM
My parents don't understand crypto, because that's the model of conventional parents. they don't even know where I get the money, because it's difficult to explain to them. Once when I was able to build a house, it actually made them worry about where my money would come from, because they were afraid that I would be in debt, I just stated that I got a fortune, from work that I often do until late at night, because it is impossible to get a salary as an employee.
10  Economy / Trading Discussion / Re: Day trading or Long term on: May 23, 2024, 08:51:07 AM
If you're going to buy and keep it, then you're not day trading but you are daily accumulating. But that is not a problem because we have our options and strategies on what is going to be more productive and will bring us better profits. So, if that's the way to go for you and that is what will work to give you better trading results then do it. And at the end, if your main goal with your trading profits is to accumulate more Bitcoin, you're doing another good strategy.
well, the fact is that we have a lot of options when trading. We cannot say that we are daily traders, or long-term traders. When we trade, when we feel that at that time we have made a profit, we can immediately sell all the assets.
Yeah, even long term holders becomes trader for a day but you're right, whatever you are doing, still we end up being a trader. So it doesn't matter whether you'd call yourself as a day trader or not.

However, most traders will hold their assets for a while until they get the profits they want. Apart from that, I think day trading usually uses high risk coins like meme coins. However, I don't think they expected much from such a trade.
That's the essence of trading, patience is a virtue and a requirement before you make a profit. And that's the waiting game that we all want to do because of the potential profit.
I am also having same mindset about this with having long term targets are always helpful for the peoples instead of day trading which is having huge risk and any second or miner mistake can bring serious problems so going with this long term polices are always helpful for the peoples because we all know patience always pays good dividend and this is important for the investors so having faith in this is much better.
As mentioned you are doing on daily basis or having long term things but this all is trading and no one having any problem to call you trader instead of having tag of day trader living with this trader is much better.
I do the same thing, and especially because I don't have much time to do daily trading, which in fact is mostly for watching market movements. Because of this, I prefer to do long-term trading or investments, because that way I don't focus too much on price fluctuations that occur, so I can use my concentration to do offline work. and one more thing, the money I use is free money, so this doesn't interfere with my family's finances, my goal is just to enjoy life happily
11  Economy / Trading Discussion / Re: What should newbies do in trading? on: May 23, 2024, 08:17:36 AM
There's no much trick for trading. But learning is important, it'll makes you survive while difficulty comes. The more you learn, the less you loss. Making profit do matter but i think,  the major fact is, not doing losses. Although loss and gain are common in trading. And avoid risky trading. If there's no project for trading, then off your trading. And fandmental analysis more important i think when you have a silent market cause many trade can be profitable base on fandmental analysis. And start with less fund that you can afford. And don't jump future trading at the beginning
Fundamental analysis is usually done for long-term trading, if we want short-term trading, many people use technical analysis, but this is not easy to do, because the theory for the analysis can be easily learned, but many other traders are trapped by psychological pressure. trading, but it is not impossible to master, with experience we will have natural intuition
12  Economy / Trading Discussion / Re: Why trading and not something else? on: May 23, 2024, 08:09:13 AM
Why did you decide to start trading one day?
Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?
To be honest most people also that already tried trading are to make money, some are because they are lured by some personality on the internet especially social media that say "trading is easy", or "easy money".

But once you are already in the game, it's difficult to understand what they told you and what you think. For sure a lot of people can relate.
especially for short-term trading, many people fail not according to what they thought at the beginning when they started trading. Most of them feel disappointed and only a few people survive to achieve their dreams. Therefore, for beginners, it would be better to do long-term trading and learn short-term trading, so that short-term trading can also be made into a long-term project, with the hope that one day we will become pro traders.
13  Economy / Trading Discussion / Re: How to make money on cryptocurrencies without investment? on: May 23, 2024, 07:59:15 AM
I'm just a newbie and I don't have other opportunities to make money irl because of my place of living and age. I tried already bounties and airdrops, but I'm not lucky in it. Thanks for your advices!!!
From mid-2022 my cousin did bounties and airdrops but he get nothing but $500. Think how much time and effort he wasted. I assume you are too young as said age means you are not able to raise money in any other way now. So you need to build your skills first and gain a lot of knowledge. After that you will get a chance to earn good money without any investment through a signature promotion campaign.
Indeed, at that time the bounty campaign could not be expected to support living needs, unlike in 2017, bounties were very feasible. Therefore, even though I got a small prize, I used it for trading, only a small portion was used personally, because for me it was just to fill my free time. Moreover, up to now it seems like only a few bounty campaigns provide decent payments, often many are scams
14  Economy / Trading Discussion / Re: If all your wages were paid in USDT, would you accept it? on: May 23, 2024, 07:49:20 AM

I would prefer to get it in USD. But if a company offers me to get it in USDT, why not? Both have the same value after all. The difference is not much. Maybe only a penny? But I am okay with that. Regarding USDT getting a de-peg, I will have to chat with that if USDT gets a de-peg within three days of getting the salary, they will have to pay me again and I am okay with that.

Getting a salary in USDT or any other stable crypto is not bad. I can still exchange them to my local currency within a couple of minutes. So, I won't bother too much about asking for USD instead of USDT.
Well, both are the same. In fact, when I am offered to be paid using popular coins such as bitcoin, ethereum, or other popular coins, I will accept it if the amount is the same when my salary is paid. I'm pretty sure that all crypto users will accept this. In fact, when he doesn't want to hold USDT, he can immediately withdraw it using a local exchange to the account number he has. well, it's the same as being paid fiat.
USDT is a stable coin, so I feel there is no problem if we receive a salary in USDT, especially for those of us who are already in the crypto world, so this actually benefits us, because we don't need to convert it to the crypto world. However, if it is in the form of bitcoin, it might be familiar because it fluctuates, unlike during the bearish season, then I will be happy to accept it.
15  Economy / Economics / Re: If you want to be wealthy you need action on: May 22, 2024, 05:46:08 PM
Success is impossible if we do nothing...A plan is useless if we never work on it.
If we want to become wealthy, it should not be just an imagination or plan but rather more on actions and strategies as we can't be rich by just sitting down and watching people working hard.
 - savings
 - lifestyle
 - investments

Honestly, becoming rich is not simple, sometimes we need to sacrifice our happiness. But I believe there is no regret in doing this when we believe this would give us long-lasting happiness in the end.
I really like your statement that to become rich we sacrifice happiness, if I may add, actually we have to be willing to work hard which might delay our happiness for a while, after getting money we have to be able to manage it according to portions, and don't forget to invest, so that our income will continue to increase, by placing investment in several business fields we will become stronger, and what we need to remember is that a simple lifestyle is emphasized so that we can buy according to our needs, not based on our desires.
16  Economy / Economics / Re: Better Money: Gold, Fiat, Or Bitcoin? on: May 22, 2024, 05:35:02 PM
BTC,gold is definitely better than money. Because the value of cash is decreasing day by day. It is very risky. But if one invests money in bitcoin or gold, the value of money will increase day by day. We all know how profitable investing in bitcoin is.  And how much profit it guarantees. And those who don't know much about bitcoin will definitely want to invest in gold. It is also profitable, but there is some harassment when selling gold.
For most people who don't understand what bitcoin is, I don't think they believe that it can make money, they only trust gold to store it. According to them, if there was an increase, they would definitely say it was a profit. In fact, the increase in gold was not very significant. If they understand or understand what bitcoin is, I think they will definitely switch their investment asset choice from gold to bitcoin, which is much more profitable in the very long term. Fiat is valued by society because it is our transaction tool for daily needs. However, the fact is that many people do not know that its value will continue to shrink or decrease from day to day due to the impact of inflation.
In fact, gold seems to only be a hedge, even though the price continues to rise, it is only to protect against inflation, whereas fiat, over time, becomes less and less valuable, this is what frustrates many people, considering that salaries are difficult to increase but the price of necessities rises significantly. but what else, of course the government has more power to determine it, even though we are all here giving the relevant value of bitcoin
17  Bitcoin / Bitcoin Discussion / Re: Why use decentralized bitcoin in a centralized way? on: May 22, 2024, 07:16:05 AM
In the early days of Bitcoin, I think some users were really up to keep Bitcoin as decentralized as possible. They seems to be outnumbered already and some are just shying away because users are becoming used to the centralization.

Maybe because the idea that Bitcoin will not grow with out the regulation of the government so we gradually get used to KYC already, we are now INSTITUTIONALIZED.  Grin
People who're using Bitcoin in decentralized way are privacy oriented or value security over money, so they won't shift to centralized way. It just new people who interested with Bitcoin tend to choose centralized way since they lack of knowledge or they're money oriented person.

Nope, the idea of Bitcoin will still grow, no matter how strict is the regulation, there's always a way to get rid from centralization, check kycnot.me there are many no KYC sites.

What I mean when I say grow is not just about the price but also adoption. The adoption is just not going to be fast-forwarding if the regulation is too tight to almost ban BTC like China.

But because of regulation and platforms allowing people to buy BTC and bank payments started the adoption. I remember I sold my coins to a platform and have go go to a bank to withdraw fiat.


Indeed, these things are interrelated, where the higher adoption growth opens up opportunities for price increases, however, from a functional perspective, adoption seems to be slow, because it is limited. like in my country where it is only allowed to trade and invest, as if it cannot be used for real life, but this is better than being prohibited or having more stringent rules, at least we can make money here
18  Bitcoin / Bitcoin Discussion / Re: No risk no gain on: May 22, 2024, 07:01:54 AM
This is an eternally true adage in the field of business because if a businessman does not take ricks in the business he will never be able to profit from the business. This adage is equally important when it comes to Bitcoin investing. If one can invest in Bitcoin and hold it for a long time then that investor will definitely have a chance to get a big digit profit from that Bitcoin investment one day. Every business has risks and only those who have the will power to face those risks can profit from the business.
The point is that there must be a business and also a willingness to build a business through courage in taking or facing risks, because this does not only apply to Bitcoin. But this also applies to many businesses because each business has different risks and the owner himself must have the courage to face any risks if he wants to achieve greater profits in the future. Things like that cannot be denied because there are no lazy people or afraid people who can get more profits through anything, because the term luck also doesn't often come to people who just sit still without doing anything or investing anything in their lives.
Measurable risks will maximize the profits obtained. Indeed, the greater the risk, the greater the results obtained, however, with good knowledge we can minimize the risks that occur, that way we have a good strategy to carry it out. Many people are only speculative, and hope for luck in their lives, and when something bad happens, such people will not be ready to face it.
19  Bitcoin / Bitcoin Discussion / Re: Do you trust bitcoin holders? on: May 22, 2024, 06:53:18 AM
I mean most of us want the same thing in terms of financial stuff, we want liberation from the oppression of the conventional financial institutions and fintechs that only serve the few rich people in this world, bitcoin's proven already that it can change the life of someone that's on the brink of poverty to someone that would be able to bless others with their wealth, not to mention that the taxation, it doesn't seem fair that everything that I spend my money on, I always have to impart something to the government, there's no incentives for them to properly or appropriately spend the taxpayers' money after all so why risk it giving a lot of taxes to them when I know it will be wasted on them, might as well make the most out of it right?
It's true that I don't want to pay taxes, where news has emerged that many tax officials are corrupt. but unfortunately we are in a country where there are rules, and as citizens we have to obey them. That's what seems to make us the weakest part. The existence of Bitcoin makes it seem like we are taking us to a conventional system, but later the government will also intervene in it
20  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bounty] enterapp | 🚀 $40k worth of Tokens 🚀 Pre-Sale is Live - 0.001$ on: May 22, 2024, 06:41:12 AM
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