It all depends on individual choices on what they needs or not since many people has this mindset that trading is much more lucrative and that is true but they don't make profits from trading since they don't have time to study what it takes them to start making money from trading. They should try focused on what they knows because when they move from what they where doing to trading it shows that they are already devoted and dedicated to trade and of a true when the necessary knowledge is being applied you can surely become a good trader without much lost while trading.
I've noticed that people who lack knowledge often lack patience as well, which is the reason why when they make a few trades, lose some of them, they start blaming the market and cryptocurrencies they were trading for their losses and rage quit the industry instead of accepting their mistakes, evaluating the points where they made those mistakes, and then working to improve those areas so that they don't make the same mistakes next time they are trading. That is what successful people do, whether it's about trading or anything else, as long as you are learning and growing, there is nothing that can become a hurdle in your way of achieving success, but as soon as you start complaining instead of learning and accepting your mistakes, you will face failure. |
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Which model has been more beneficial to you, when you think of investing time and resources to earn a passive income?
Neither of the model is actually not a passive income, because you need to excel an effort to any of that model to get significant income. Move to earn doesn't seem beneficial from the financial aspect in my opinion, because the coin you're earning on most of the platform are very little that it would literally take you a while to accumulate enough coins to qualify for the minimum withdrawal. On the other hand, play to earn model will require you to at least spend a few hours everyday to keep the earning mechanism running. You will also need to spend money for you to maximize the earning potential and not to mention that you also need to compete with other players. Therefore, both needs extra time and effort that would hinder your time with your business or 9 to 5 job. Some play to earn could be played idling and then I heard some of them had like a mining and staking feature. All of those are an example of passive income, while move to earn is obviously not like that because the main goal for us to earn is if we are only actively moving. I saw lots of comments that someone can make a living and earn a very good amount of profit from some play-to-earn games but I don't think move-to-earn can be like that because one can't just move unlimitedly. It's ridiculous even if you intentionally did it only for the sake of earning a reward. I'm not also sure if this can be considered as a side hustle but maybe this can only be done for fun. |
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Too much of everything is bad, and that is why a trader should not overtrade, because he will be more prone to losses than profit. Emotions are also something very important for one to know how to control so that it will save you from losses.
Only use the amount of money that you can afford to lose when you are learning how to trade, and do not have your own trading strategy, so that you don't regret your actions. This is because trading is very risky, and when we enter the market, it is something different that we see from what we expected.
A lot of newbie traders believe that making more trades means earning more profit, though it's true only if you understand the market enough to have success in every trade that you make, or at least most of them if you are making a lot of trades when you are not knowledgeable enough and you are losing more trades than you are winning then you will surely be in trouble because your net outcome will be in loss which isn't good. A newbie who isn't knowledgeable and experienced enough about the market shouldn't make trades with real money in the initial stage but they should first gather knowledge and test their knowledge in demo modes somewhere so that they can be assured that they can make successful trades or not and should only venture into real trading once they are ready. |
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The BCH and LTC futures were launched successfully on April 1 and are already happily trading. I wondered of course what had happened to the DOGE futures and if they had to drop them. But fortunately Coinbase yesterday issued an official statement, clarifying that the Dogecoin futures are coming "later this month". They also announced that the contract will be sized 5000 DOGE (around $800), which is in the same order of magnitude than the LTC and BCH contracts (5 LTC -> ~$500, 1 BCH -> ~$600). Perhaps they wanted to avoid to launch DOGE futures on April 1 to avoid the association with a "prank"? On the other hand, as I mentioned before, for Doge it's the first financial product (I believe not only in the US but worldwide, I've researched a bit and in the German subforum I've made a list of those I found) outside of top altcoin basket products, so perhaps there's more preparation work to do. You might be right with what you said about them avoiding the prank calls but they should not worry about that because for sure people won't treat it like that, as they are already known to list these types of coins and tokens even before and as we can see, they are making this plan a reality because of that statement they released recently about DOGE and not only that but their proposed sized contract for it is also much higher compared to LTC and BCH when in fact they are more serious and much better coins. Apart from them, those DOGE lovers are for sure prepared for this. This is an exciting and fresh update for them that they will surely like. |
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I can only add to what you said, dude. It's not bad that Op gave himself rewards in that matter, and we are happy for his hard-earned profit that he got from Bitcoin.
And knowing that the time will come when he will get more than that from trust and belief in Bitcoin or other top altcoins,.
And I also know that most of us here have been grounded because of the bitcoin or cryptocurrency that we hold and this bull run that is yet to come because of our current holdings.
Of course it isn't and this is what the point on why we invest and save, so that we can buy our dream stuffs. This is more than just rewarding our selves but it's a dream that we are fulfilling here. I am not only sure if all are truly happy with what he is experiencing now because it's also possible that some are bitter or jealous but this is wrong. If we want the same thing, we can instead use the OP here as an inspiration to achieve it. OP already made it possible, so for sure he will upped his next target and that acts as a challenge to himself. We are always been told to continue climbing another mountain after the other and maybe we can only stop once we are already too old and are now very weak to do a thing. |
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Studies reveal that people with a poor socioeconomic status are at high risk to develop gambling related issues. People with low socioeconomic status may undergo tremendous financial outcomes from gambling because they gamble with a large part of their income.
People who aren't doing very well financially indeed tend to consider gambling to be an opportunity to try their luck and maybe change their life for once in case they become lucky someday and hit the jackpot or something, and this hope keeps them from spending any money they can spare after fulfilling the necessities they have. What's unfortunate is most of them lose all their money at the end of the day because gambling doesn't make everyone rich. Such people don't understand that gambling is a business for its creators and it isn't to provide money to every gambler unless someone is extremely lucky, so gambling shouldn't be considered a way to earn money by anyone whether they are rich or poor or what kind of a social status they have. |
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Most of the exchange fails to comply with the legal permits to operate which pushes the authorities to stop their operation, a common alibi. But there is one reason close to such stoppage as they are boldly scammed. A good reason why we should be careful in choosing an exchange especially if it is new and most of all, use them as storage wallets. Even though they are reputable exchanges and have existed for many years, still we don't have to store huge amounts with them just to keep them secured because it is easy for them to say "They get hacked" and say sorry but to expect them a refund is quite impossible.
Regulation might be the top reason but yeah, we cannot set aside the fact that they scammed their user and most of those failed exchanges have a bad history of customer service, probably they are meant for that. If top exchange like Binance will failed, what do you think will happen in the market? For sure there will be a huge panic and many will ask, what exchange you can trust if a big exchange like Binance will ended in the same faith? Regulation is supposed to be a good thing as it can make their business more legal, therefore I don't think it's one of the reasons on why an exchange can fail. For those who do a scam, I think they are still successful there. I know it crazy but a bad customer support can only be normal and not enough to say that a platform is a scam. Binance exchange have almost failed a couple of times and I think the market is still standing strong. The same thing might be experienced even if they fail for real. It's only normal for a business to fail. The key is to not put all your trust and always be observant so that you can evacuate safely and then move to another secure one. |
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The emergence of war is has adverse effects for global peace;adverse global economic effects including extreme poverty,unemployment,inflation,food shortages,deglobalization and unfavorable environmental factors.
For the global economy, fuel and food shortages caused by the war are exacerbating post-pandemic inflation that had already reached multi-decade highs in most of the world. War us a global threat and it reduces the world's economic progess to a zero level.
War is affects our lives,there's withdrawal of economic and financial activities,leaving us with no choice to suffer insignificantly.
Wars leave deep traces in the country’s economy during and after the war, as well as social and physical consequences.Even after the war,it takes a lot time and effort for some countries and finally recover from the loss and decline in the global sectors.
Yeah, the effects are global even if there is only two countries who are fighting for each other. One cause would be is the sanctioning of one country involved in the war. It's funny or contradictory when they say that war gives/restores peace when in fact it can also cause more disturbances. War affects progress but those who will go back to zero are only the countries who are totally destroyed. If the war is so severe, then yeah it will leave a deep trace but it makes us feel proud too once we stand up again. It makes us to feel stronger than ever, though It is still better if there will be no wars because not all are strong enough to withstand it. |
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If you are new to trading then you must acquire enough knowledge about trading. If you have enough knowledge about trading then you will get good success in trading. Many times it is seen that many newbies lose patience, so I must say for the newbies, if you can trade with patience, many times many newbies lose patience, if you don't lose patience, you will surely get success through trading. In the case of trade, you must have a long-term plan, it is seen that if you do it too hastily with a short-term plan, they will be damaged before the purpose of the trade is successful.
That's right. There is no quick way to learn anything that has an extensive background or a lot of stuff to be learned, and trading is one of those things where a person will need to have a lot of knowledge before they can enter the market and start trading. A lot of people, especially newbies, tend to try and make it into the market very quickly so that they can start earning money as soon as possible but they are not doing it the right way. If you rush into the market without enough knowledge about the market or the trading practices, you will not earn money but instead you will lose your capital by making wrong trades, and no one in my opinion would want to lose their hard-earned money like that, so one should be careful about what steps they take first. |
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modern technology is developing so quickly and nowadays it is easy for people to open a site on their gadget without visiting a casino in their area. Agree with you. Indeed, the goal of those who gamble is to get as much profit as possible. They definitely know the psychology of the people who play this gambling. If they are given a win by the bookie, of course they are much more curious about the next win and risk much more than beforehand to gain the next big profit. It's true what you said, many people lose their money on gambling sites and no matter how good your knowledge is, you will still lose with machines that have been set by the owner, namely the bookie.
The mindset that you are bound to win again if you have won once is what makes most gamblers lose in the long run because they don't focus on how much they are losing in the middle of two wins but all they care about is the wins which isn't the right way to look at gambling. You can't spend $50 after a $10 win to win another $20, that doesn't add up and you are losing money that way, but most gamblers don't realize this or even if they do, they still don't stop doing it because they are just so fond of the wins that they don't look at their losses until they reach a point where it becomes visible that they are at a loss. Such gamblers need to realize that they shouldn't chase both wins and losses and should stop if they see it isn't working out after a single win because there is no point. |
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There are thousand of token but every token does not exists as a beneficial token and many of them disappears after a short period of time. I think here unique refer to the qualities that one coin have and due to such qualities bitcoin remains the top priority of every individual.
Lots of coins proved to be successful but not a single coin can ever be more successful than bitcoin. It is a decentralized asset and its success is prominent whereas other coins must possess some sort of doubt so I think we have to choose a unique project like Bitcoin.
No not " every " because some tokens are still good. If there is one unique feature BTC have, I think that would be decentralization. There are other coins who claim they are decentralized but it's not really believable. Another reason on why BTC became more successful is because it is the first crypto that is invented. If you lack in knowledge, definitely BTC is the coin to go or to start but as long as you gain more knowledge, that is the time to add other cryptos because like I said earlier there are still other tokens or altcoins that are good. A newbie can even post a thread here like other newbies to know some of them, if they want to start with more than one coin on their wallet. |
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Not only on psychological aspects but also having that in good control on emotional aspects as well on which there are really a couple of factors on which you would really be needing up to control with so that
you could really be having that effective trading so that you could really be able to sustain yourself on this unpredictable space. It is really just that you cant really be able to take a good grasps on your first tries
but doesnt mean that it would really be impossible. Of course you would really be finding yourself that be relying with TA because not all the time you could be able to have those fundamentals that you can make use.
Also, not all the time that it would really be available and it would really be just that right that you would really be needing up to consider on making good trades via making good entries or buying point.
You would really be able to realize on how relevant these things to be considered on, you wont really be needing to put up your focus on a single point because each part
would really be taking up its relevance once you do make out trades specially on crypto space.
Some of us can think that psychological and emotional are pretty much the same but they actually have a few differences and one may lack good control on one of them, so it's important if we don't disregard them, as they can affect our trading activities. The market is still unpredictable, so having that effective trade may not always be possible at all times, especially if we are only getting started. This is why it's important to not bet all in trading only to sustain ourselves continuously. Many traders are most of the times relying on TA and they are still fine with it, so yeah but if fundamentals are also available, then why not include them as well? As they might also help us to have a more successful trade. |
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Everyone does not want to end up experiencing a lot of problems and pressures in their lives, but sometimes they themselves trigger and cause new problems in their own lives through mindsets and habits that should not be done. Actually, there is nothing wrong in this because life is always about choices, but sometimes there are some people who create many factors that can trigger many problems, such as having a mindset and habits of luxury in living life, it is not wrong but it will be a problem if basically your financial situation is not supportive.
On the other hand believe me that when you always force something that moreover it has become a habit then clearly I will say that you will only experience a lot of pressure and will not be calm in living life, eliminate the habit of always luxuriating because the mindset and lifestyle like that will only make you trapped in a lot of problems and pressures such as getting into debt for forcing something that is actually beyond your ability, having a simple life is not as bad as you imagine.
You are right that there is nothing wrong if someone chooses to have a luxurious lifestyle but only if they can afford to do that and only if they know they have secured their future already but can still afford to have a luxurious life then they can go ahead for it, there is nothing better than having a secure future and a luxury life. However, it is a problem if a person is spending everything they earn on their life to make it luxurious while having no idea what they would do in the future if they don't have any income or anything and face financial problems. The point is, that it is not wise to spend every penny you earn to buy the luxuries of life when you have no preparation for your future. So a person's priority should be to do something for their future first, and once they have done that, and can still afford to have luxuries, they can do it without any hesitation. |
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It seems you think trading can help you achieve that goal. Well there is possibilty but i dont think the time frame you gave is not enough to achieve it. Maybe you should decrease the goal to 50k then i can tell you what can be possible.
If you are into trading just know that there will be losing and winning but if you want to avoid this, ill advise you to invest your money in btc. Them wait till the end of the year. So much will happen by then and you will be a beneficial.
He has $25k that he wants to turn into $200k, it would require 8x for his initial investment to hit that target and based on the price of Bitcoin right now which is around $70k, it would need to go above $550k for him to achieve his target if he invests all his capital in Bitcoin. I believe only a high-risk, high-reward cryptocurrency can make that happen but then again, there will always be a possibility of him losing his money because we know how those high-risk investments work. Let's take meme coins as an example, they do have the potential to provide such profits sometimes, but most of the times, an investor can also lose their investment because if the meme coins they invest in fails to perform, there are no returns at all. |
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For the Liverpool vs Atalanta match, for me there is nothing to worry about. Because I'm pretty sure that Liverpool will win. But because this is football, performance and luck are sometimes contradictory. So the final result is sometimes very difficult to predict.
Meanwhile, the Leverkusen vs West Ham match will actually be an easy match to predict if Leverkusen plays as well as they did in the Bundesliga. But unfortunately I see that Leverkusen playing in the European League is not as good as playing in the Bundesliga. This is what makes me still confused about which team to favorite. West Ham sometimes they surprise. Because even in the EPL they are quite bad. but we can see that their performance in the European League is actually quite good.
While now, we have just 2 days left into these matches with both strong teams are going to play their first leg games at the home things are looking pretty easy for the betting even we all know this is soccer where any match can go into any way but still as things are showing, and we are having performance of these top teams we can say these teams could be favorable for win and staying into hunt for the better end of this season. Interestingly we are having both visiting sides Atlanta and West Ham on same level of performance into their domestic leagues which give them not good favour but still they teams are having good chance for giving surprise which is beauty of the soccer and UEFA events as well. |
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Over 95% of the US dollar is digital and all of the digital dollars are in the custody of a Bank. When you make a purchase or transfer your US dollars your transaction is tracked and approved by the bank and by extension, the US Government.
Can you consider a transaction that is monitored and approved sound?
I think for a money to be sound you must be able to transact privately with no third party in the transactions.
What do you think?
Tracked but private. Monitored but uncorruptible. That is Bitcoin, and it is a way better money than the strips of paper that are printed infinitely by the US government. The dollar has been adopted worldwide, but as a money that is constantly tracked and connected to person data and has to be approved by a third party? Why would any mentally healthy person prefer that over a better alternative? The dollar is obviously redundant and has been replaced by something greater. Bitcoin. Yeah, I will support this until I am dead. Bitcoin is far superior "currency" than any other that we have seen so far. I say "currency" with quotations because people do think that it is not going to be all that complicated, and that should be the most important thing. We can't really make it change all that easily, and we need to remember that things can't really get any different or difficult. We need to just consider how we can move forward with bitcoin as an asset but also remember it is a currency. I get that people like to invest into it and hold it and just not let go, but that's the asset version of it, in order to grow bitcoin even further, we need to consider it as a currency as well. |
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In your case, how do you approach when you are on losing streak so badly on specific game. Does changing game works for you?
Sometimes it does, sometimes it doesn't. What I do when I'm losing constantly in a single gambling session is I keep changing games, and if I see I'm still losing on every game I'm trying, then I take a break for a few hours, I keep the remaining funds in the account and come back later to play with it, I wouldn't say all the time, but most of the times I manage to win when I come back, and even if I don't win a lot, I at least don't keep losing constantly. I don't gamble for money, I know I can't make a lot of money from gambling unless I'm extremely lucky which I know I'm not because I have never managed to win anything significant, but whenever I'm gambling, I try my best not to lose my money very quickly which is why I do this. |
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I believe what you are saying; there are many trading courses that are free, and we can get ideas without spending any money. Which is not like others who have to pay for seminars and then what will be taught is only basic or verbal.
I've watched a lot of things on YouTube that I can tell if I've learned anything, and the others I'm going back and forth on because, when I analyze them, their explanations are true.
There is no harm in going for courses that are freely available over internet. Such courses may give you some useful points that can help you in trading over period of time. Trading or investment is about creating a strategy that can guide you throughout your journey and this strategy must be developed by your own mind. It's best to train your mind through different techniques i.e. by doing actual trading, watching online courses etc. The sooner your mind is trained, better it is for your future investment/trading. One shouldn't be in a hurry to learn. Trading is not something that can be learned quickly, and one needs to give it enough time to learn everything properly and be able to grasp all the ideas and everything because knowledge is the first step when someone gets into trading. Without knowledge, a person can barely get success in this industry because trading is not like gambling where you can rely on your luck to make you win trades randomly. Indeed, one doesn't necessarily have to buy and use paid courses because almost everything these days is available on the internet and one can access all the knowledge and information for free without having to pay anyone a penny, it's all about how much dedication one can show. |
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Its just the attitude of people is so harsh towards their acceptance on their loses since they usually find people to blame and they didn't take the full accountability on the action they done. That's why its hard to celebrate a win together with this people who have this attitude since when they lose they point the blame on us around them since they maybe say that he's out of focus because we are disturbance on his side. I encounter a lot of people like this that's why I usually avoid them.
We should not really blame people towards what we experience since at the end we are the one who held accountable on all actions we do.
That is basically human nature, not everyone is like that of course but there are many people who are like that of course. This is why I believe that we should be careful with what we are doing, and try to not hurt anyone else. The most common one is towards casinos, most people think that they were scammed because the casino is rigged, but the reality is that casinos ARE rigged, with house edge, a legal way that they let you know before you even start gambling. That house edge literally means you will lose, and people are still shocked that they lose, what did they expected? In the end, let them say whatever they want to say when they lose, there is really nothing to do and we should be considering this as normal. |
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People fall into debts only when they spend more money than their income and they know better that they cannot return that amount easily. Nobody will be in debt when they reduce their expenses because all the things that matters is the over spending.
The better strategy to not fall into debt is that don't spend too much money on that materials which are not compulsory for life but you can also live without buying those materials. Plan for spending and whenever you think that now your planned limit is going to end then put a limit on spending otherwise you will be in debt every month and at last your burden will increase so much that you will be unable to reduce it.
Yep. That’s it. Don’t spend more than what you earn. It’s something I practice and it works. There are days when I feel I’ve overspent and once the feeling and thoughts comes, I cut off and if I want to spend, I first ask myself if I earn (on a daily basis) the amount I want to spend. It’s not really difficult to not be in debt. But yet it’s not uncommon to see people in debt. That works if you make enough to survive that way, sometimes people live a very mediocre life and still can't afford it because they do not make enough money, or something bad like medical situation happens to them and they can't pay it. Saying "just spend less than what you earn" is so easy to say, and could be doable too if you have no problems, but what if I get sick and my medicine is 5 times my salary? What am I suppose to do then? Not like I can take a loan for 5 months and pay all my salary, then what am I suppose to live with, so I make a 36 month loan, and then I pay that for three years. Assume that went well, what if I get sick again? What if I need that money again? Get another loan for 36 months while I am already paying one? Well that is exactly what happened to me. So do not assume everyone's life is the same. |
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