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1001  Bitcoin / Bitcoin Discussion / Re: Hackers claim $2 million in Bitcoin after stealing Insomniac game data on: December 14, 2023, 10:50:34 PM
Why is it always bitcoin? Making the news and headlines look like bitcoin is always used for illegal things, and all of that as if it's the only coin that could be used by criminals and it won't be traced.

It's not always Bitcoin. But perhaps it's a recognition of the fact that Bitcoin is, in fact, the most widely accepted currency in the world. Someone forgot to tell them it's a lot more traceable than regular money though...

You're right of course, this is the typical misleading headline that makes you think this equates Bitcoin to crime. No one demonises the US dollar -- by and large the most popular ransom currency.
Well, they demand bitcoin simply because it's untraceable. Yes,  bitcoin has nothing to do with this thing, but the thing is, people or hackers like the group mentioned taking advantage of the advanced technology of bitcoin to ensure that no one could track them. They used bitcoin to hide where the money goes or who's going to receive it. This indicates that the hackers are knowledgeable about bitcoin, and that's why they are using it for their own good. That's exactly why bitcoin or cryptocurrency is still hard to accept by the government, as no one owns it and no one could manipulate it. That's why many people are using it for crimes. I'm not against bitcoin; in fact, I'm a long-time investor in this coin, but yeah, let's not ignore the fact that bitcoin is being used in multiple crimes.
1002  Economy / Trading Discussion / Re: Spot trading or future trading which trading is best for beginers? on: December 14, 2023, 10:21:18 PM
I also recommend the same thing for beginners, which is spot trading. Spot trading tends to be safer, especially when we choose coins that have high credibility, such as bitcoin, eth and bnb. Indeed, the advantages of futures trading are faster in making profits, but we must also consider that there will also be faster to lose money, even in just 1 minute the money we have will be lost. Whereas in spot trading even though we have to wait longer to make a profit, it is better for beginners. If you really want to do futures trading then you can learn while doing spot trading.
Recommending some coins, even in spot trading, is not a good idea. You say that BNB is good for spot trading, but Binance is not having the best of times, and you can buy BNB and become a long-term holder of this token, this seems quite possible to me.

If you choose between spot trading and futures trading, then of course spot will be safer, but I’m not sure that for a beginner there is an option that could be safer other than hold Bitcoin. Almost certainly, for a beginner, any type of trading will become unprofitable and only some will be able to earn something after some time, and the majority will suffer losses.
Well, that doesn't mean bitcoin is popular, and you say safer, which means that the beginner will still earn from spot trading. The thing is, even if we suggest a specific coin to a beginner to start doing spot trading, that doesn't mean they will do great. It's best that the beginner in trading search for himself what suitable coins to trade or give some time to observe the market and watch for the coins that could get them profit.

Yes, crypto coins are unpredictable because of their volatility, but the thing is, there is always a way to earn in each coin depending on how much knowledge and skills you have. For example, in bitcoin, there's a lot of movement these days, whether it's a sharp price drop or a sharp price increase. This is because many traders and holders are engaging in bitcoin, which affects the movement of the coin.
1003  Economy / Gambling / Re: Does anyone find the spate of online casinos a bit uninspired? on: December 14, 2023, 11:41:17 AM
As online casino or crypto casino is being a hit now or as many people are being driven to gambling and prepared to gamble online, mayn sites emerge to earn, but of course there's also sites that intently scam and take advantage of people with poor security sense. The thing is, our impressions are being scattered around the internet; that's why there is no safety on the internet at all, and that's when the creator of the sites gets our info and notices numerous spam messages about gambling sites or anything else related to earning money or investment. That's what they do to attract more and make more victims.

That's why it's important to scan and do an assessment of the websites first, because a wrong click on a link could hack your devices or get your information. Be wary and cautious when surfing the internet, even when clicking a link, because there are many people out there with bad intentions waiting for victims.
1004  Bitcoin / Bitcoin Discussion / Re: Young student teaching his classmates about Bitcoin on: December 14, 2023, 07:13:45 AM
Young student teaching his classmates about Bitcoin.

I have doubts about this photo at first glance, I thought it was just a research paper for the students and then they will present it in front of the class after they finished their research. Well, if this is true I can tell that he is a smart and intelligent kid. I think there is just less than 5% of the kids around the world who finds interest in stuff very unusual for a 9 year old kid like researching and digging down or even asking questions about bitcoin. Most of the kids would just love to watch cartoons or anything educative, but a bitcoin podcast seems very unusual. I won't gonna be surprise if this kid will have his own crypto-based project in the future with a good utilities.

Well, it's your opinion, but even if the story is different, what this kid is showing is about bitcoin, and based on the picture, you will see the information about bitcoin, so either he is teaching his classmate about bitcoin or he is presenting bitcoin because it's a school activity. Either way, he is still discussing bitcoin in front of the class, which is a good indication that there are plenty of young people who know about it and are very interested in it. With this, this kid could influence his classmates to be interested in bitcoin, and from that, they will be curious, and out of curiosity, they will explore the world of bitcoin and the world of crypto currency.

Although many will disagree about this, about young people being interested in crypto currency by those boomers or people who don't have any idea about bitcoin or crypto, they can't stop the younger people that we know now a days from having more curiosity and being more explorative.
1005  Economy / Economics / Re: Which do you prefer on: December 14, 2023, 05:05:43 AM
Quote
My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.
I prefer to be in crypto related job like in signature campaigns rather than working as a public servant because of the fact that there were possible issues we might encounter just like mine. I am currently a new volunteer law enforcer that is prone to some political issues which affected one of my colleague as he lose his temper everytime critics hit our job. As a volunteer I  only get $50 a month honorarium plus my signature campaign weekly payment. To be honest my overall salary is not enough for me to invest upgrades with my tools and equipment to be used as a volunteer law enforcer.
Well, if the salary or profit you are gaining from Signature Campaign is enough for you to sustain your daily needs and wants and also your investment, if there is, then you are good, or that's good, but the thing is, Signature Campaign is a based project wherein you can only earn if you get to a project, but what if there isn't? See? Even though you are gaining from crypto-related jobs, you still need some stable monthly income. Why? Well, in crypto currency, there's always a risk—the risk of losing money, the risk of making a mistake that will cost you money—so what if you only have crypto-related jobs but suddenly they're gone? Then you don't have other means of earning.

That's why I choose to do both, having a stable monthly income and doing crypto-related jobs like signature campaigns, trading, and holding of assets, so that I have stable income and extra income. Yes, you can earn a lot in trading, more than your monthly salary, but it's possible if you are sure that you are really good at trading or investing in bitcoin. Don't abandon a stable way of earning money because we never know what will happen next.
1006  Economy / Gambling discussion / Re: Which one is fun, watching with bet or without a bet? on: December 14, 2023, 12:39:53 AM
Personally, a a bettor, I find it very stressful when watching the game you are betting especially if it will end up a losing bet.

If we have the same experience, how do you cope up with that problem, after all, gambling should be fun but why we have this kind of feeling that we feel disappointed when our bet loses?

Don't bet if you feel stressed. Sports betting is not for those types of bettors.

It's just common to experience to feel disappointed when we lose. But to feel pressured and stressed, stay away from sports betting.

Gambling should be fun, maybe right, but if you do gambling for fun, you shouldn't be disappointed when you lose. Simple as that.

that is true, it is not all the time that we will win on our bets. sure, there will be losses but that's part of gambling. so if you are not ready for it, maybe this is not for you. acceptance of a loss is a must in this game. i don't know any gambler who only experienced winning and not losing a cent.

i guess, it is more fun and thrilling to watch a particular game if you have money on the line. may it be small or big. you are more focused on other details as well as you need to be attentive of other underlying factors that can influence the outcome of the game. like the lineup of athletes, their reputation, current injuries, weather, and other factors.
There are different preferences of different people or bettors; some like to watch a sports game with a thrill, like having money on the line; some like to watch the game and enjoy it; some like to watch a sports game while stressed or getting anxiety because there is money at stake. See, there are different kinds of bettors and watchers; it depends on what you want and what you can do. If you are a person who gets stressed and anxious right away, don't put money into a bet because you will not enjoy the match. It's normal to be disappointed, but if you join in a bet, what do you expect? But if you are a person who likes to experience thrills, then betting on a sports match is your thing. You get to enjoy the match and also have the chance of winning the bet. Not all of us can handle the thrill and anxiety, so if you know you can't, then don't.
1007  Economy / Gambling discussion / Re: The need for mental section or public orientation for new gamblers. on: December 13, 2023, 10:25:07 PM
Although this is a very commendable suggestion that should be looked into, I don't think that it is necessary to create a full sub board to addressing the issue of responsible gambling. What we should be looking out for should to create a thread that is well detailed and contains guide and regulations that will encourage responsible gambling and then it could just be pinned at the top of this gambling board for all members to go through and engage in positively.

If you've observed the post we have on the board, you will find a lot of them that had address the issue of responsible gambling and some has outlined guide and details that will help one not to get addicted into gambling and I feel that if you keenly go through them, you should gain the needed knowledge you require and their won't be a serious need for the creation of sub board.

My humble opinion though.
True! There's no need to create a section or sub-threat in this forum about what the OP's concerned about, because if you look around this gambling discussion section, you will see a lot of topics about gambling addiction, how to stop gambling addiction, discipline towards gambling, and many more related to gambling and addiction to it, so there's no need to sweat. In fact, in this section of the forum, the "gambling discussion," most of the topics are about that concern, so even without other sections, you will see different stories or shares of experience about how they've gone through gambling addiction.

And also, even with creating a separate section about gambling addiction, you are not sure if all the stories are true. I also notice that some of the topics about gambling experience are hard to believe and sound like make-up stories, so imagine a section in the forum full of scripted experiences about gambling addiction.
1008  Economy / Trading Discussion / Re: Hi i do Challenge to start from today with capital 3$ trading on: December 13, 2023, 09:47:12 PM
Hi, i do trading with capital 3$ spot trading no leverage.
Im using poloniex for this
I have experince over 10 years not actively traded all those years.
Going to be interesting
I want to see how i will do it in one week 2weeks and month and so after few months.
I Im in ADA now with 1$ of my capital 3$

I have STARTED now today - anyone knows how to get my poloniex PNL ? So i can show here my PNL
I don't know, I don't want to jinx your goal or your challenge to yourself as you said, but its a good practice challenging yourself with only limited capital, not limited from your capital you have a small liquidiry, which means limited leverage and limited margin of loss, so I think it will ve a bit hard for you to make it grow as you have a low leverage you also have a kow profir, but profit is profit, if you can make it grow then it will show that you are a good trader, if not then still good for experience and also you only have a little amount of loss, anway goodluck I hope you update us on what will happen to your challenge, either good or bad. Some might say that you can't do it or discourage you, but it's a self-challenge, and I see that you want to try yourself, so that's fine.
1009  Bitcoin / Bitcoin Discussion / Re: You must have a source on: December 13, 2023, 01:37:48 PM
I think this should be common sense for cryptocurrency investors, or bitcoin, to be specific. The thing is, investing in BitCiin will take a long time before you can earn or see your profit. It's not that you will always have to wait longer to have a profit; you will have a profit in bitcoin if you know what you are doing, but you can't maximise the potential earning. There are scalpers, for example, who trade bitcoin. That's why bitcoin investment is a long-term investment. So if you don't have a stable "job" or "source of income," then you will not survive on a daily basis. Treat bitcoin investment as your sideline or investment, not full-time work on which you will rely entirely. Invest only the money you can afford, meaning money that you will never use no matter what, because if you only use it when there's an emergency or uncertainty, then that's not investment money.
1010  Economy / Trading Discussion / Re: Trading on: December 13, 2023, 08:39:33 AM
Trading is:

80% Psychology
10% Risk Control
10% Execution
Your might have a good trading system,yet not be a profitable trader,to be a successful trader goes beyond drawing lines on your screen or a few indicators.

Work on yourself consistently and intentionally first and the rest comes easy!
Even if we have this guide or percentage in trading, there is no certainty. I mean, the percentage you have given can be helpful, yes, but the thing is, the human mind has a different state. Even if they have this guide with trading, the human mind and decision can be affected. And in addition, you should also include management and patience in your list. Why? Because without proper money management, you will not know what will happen to your money, whether you risk it or not. You have to manage the money and capital you have to ensure profit or reduce losses. A trader without patience will be a disaster, as it will tend to affect every of his decisions with a slight means. That's why if a trader is involved in a trade, he or she should patiently wait for the result and don't be inpatient to exit the trade just because he or she sees that it's earning or losing.
1011  Economy / Trading Discussion / Re: FOMO of bull market on: December 13, 2023, 07:37:29 AM
I would say the entire concept of leverage is very risky. While you are doing day trading, invest what you have and do not borrow money from your broker. Even though your loss is limited to the money that you are actually holding, but with leverage you are taking additional risk of liquidating your entire principle amount.

I used to day trade but I have completely stopped because I have lost a good amount of money. Leverage made my position worse. So try to stay away from leveraging money and multiplying your risk at the same time.

I don't day trade, I open positions and leave them, I've been successful with it, but I stick with 2x-4x normally while here, I went 10x due to fomo, and that makes liquidation price close so what happened, happened.

It was my lack of analysis, and following the herd, that caused this happening.


Well, it serves as a lesson for everyone who could see your experience and story, but you are not alone. I'm sure there are more traders or holders out there who experience this. Because of the hype and anything about the bitcoin bull run, many investors are influenced and become wary of their holdings. Also, some take more risk by, like what happened to you, buying more bitcoin or trading bitcoin with high leverage, which is too risky. The lesson here is: don't easily believe in what you see on the internet or in this forum. Yes, the bitcoin bull run may come and go, but the thing is, there is no exact date or time. You admit it; you lack analysis. That's why it's very important to analyse first before doing something, as a bitcoin investment can cost you a lot. Also,  what you see in this forum about bull runs or such, don't let your decision or analysis be affected by that; stick with your plan.
1012  Economy / Gambling discussion / Re: The shorter the time you spend the better on: December 13, 2023, 06:46:57 AM
The question is do you feel happy and fun if you gamble for short time? I'm not, so even though I lose my money through gambling, it's not a bad thing since I'm aiming to get fun from it.

The only way for someone to make money through gambling is, gamble until you make profit, withdraw it and then quit gambling completely. If you came back to play, you need to calculate your previous profit and then the money you lose or make after that.
Well, as long as you said that you're having fun, then it's good; if the money is not issued to you, then it's good; but it doesn't apply to all the people or gamblers, because even from the start, they aim to have fun, but when they experience or have a taste of winning, they will aim to earn more and abandon the fun part. Well, even gamblers who experience losing from the start of their gambling session, if they have the character of greed to recover their loss, will be swallowed by addiction and start spending more time in gambling; more time spent by gamblers means more money at risk to lose.

I hope all gamblers have a mindset like you, but let's face it, not all of us have the luxury of losing money just to have fun or ignore the pain and regret of losing money, especially in gambling.
1013  Economy / Gambling discussion / Re: A gambler takes his own life after a loss. on: December 13, 2023, 01:22:07 AM
Question: Is there any amount lost that can make you commit suicide?
Well, first of all, condolences to the family. The answer is no. There is no certain amount or specific amount wherein a person will kill themselves or commit suicide just because they lose such money in gambling; it will depend on the emotional state of the person. I think this guy in the article cannot take such losses. Maybe because the money he used is important or has something to spend on, but sadly he loses it in gambling, or really, this person is emotionally and mentally weak. I don't discriminate against the guy; I'm just saying that maybe he has weak emotions and mentality, and that's why he can't take the loss and result in suicide, which only weak emotions and mentality can do.

Anyway, this should serve as a lesson to everyone: those who know for themselves that they can't take the pain or impact of losing such money should never ever think of playing gambling. If the money is very important to you, then don't enter this field because gambling is all about the risk of losing money.
1014  Bitcoin / Bitcoin Discussion / Re: The risk and reward of having Bitcoin on: December 12, 2023, 11:58:38 PM
* It can make you filthy rich during the bull run.
Not all the times, yes bull run could make you rich instantly if you have the good position or have the right position you brought your bitcoin, and I think the word "rich" is too much, maybe it can give you a lot of money and profit its not necessarily that you ride the bull run means you are rich, remember a person can be called rich if he can utilize its money, for example you've gain a lot of money from the bull run yes maybe this day you are rich but until when? if you don't have proper money management and you let your money go away then you are still not rich, if you maintain your money and grow it more then that's when you are entitled to be rich.
1015  Economy / Trading Discussion / Re: Copytrading with Binance Leaderboard traders on: December 12, 2023, 11:16:38 PM
What’s the difference between your copy trading service offered to the built-in copy trade feature on the Binance itself? They also have leaderboard in there that allows user to copy those who apply as copy trader with portfolio available for each trader.

You should mention the advantage of using this service on your announcement to easily inform all the viewers here about your service specialty.
Finally someone said something like this: „You are right, its seems like the user is promoting its platform, but the thing is, he doesn't even have a copper-member-account to boost the promotion, and also the post is lacking in something: It lacks in information or elaborating its platform at least.“ The thing is, if you are promoting, you want to attract users, then better give effort in your Promotion Statement, not just putting your Link and thats that.

Copy trading is not bad, but the thing is, if the traders become so relying on that, that they forgot to improve their trading skills and just rely on copy trading as they are earning. But what if the trader, you are copying, loses the trade, will you blame him or yourself relying on others? Well, everyone has the rights to choose what they want to do, its their own money and risk.
1016  Bitcoin / Bitcoin Discussion / Re: Bitcoin and patience on: December 12, 2023, 10:34:05 PM
That is just how bitcoin is and those who don’t understand it concept will lose a lot of money when Bitcoin prices dumps. We have noticed such trends in the past and bitcoin price still bounced back so i see no reason why we should panic sell during such downturn.
Totally agree with you, there's no way someone's going to be able to last long or even make money in bitcoin and crypto market if they're not that patient, the biggest market losers are those that are paranoid and short tempered so they end up not making any profit but they're really good at making losses. That's why everytime I see bitcoin go down in price, I'm relieved to think that I will still be able to buy more in case I get some money.
The solution for this aside from having patience is divert your attention to something else, its not healthy or good or your mind and decision to always monitor or looking at your holding, you see that is the common problem of many bitcoin or crypto currency investors, they tend to always look at their assets and monitoring it, well its not bad to monitor your asset what's not good is 24/7 or spending a lot of time just to looking at your assets, it will not help in fact it will influence you mind and decision to you to act either way, if you see the price goes down there will be an anxiety that you will feel and forced you to exit your holding which is not goof, you see bitcoin investment needs a long term wait to see its profit and downside of price is part of the process that's why technical analysis and charting skills is very important for you to plat your target price or your entry and exit trade.
1017  Bitcoin / Bitcoin Discussion / Re: Who is wiser? on: December 12, 2023, 10:01:35 PM
At the current market condition and having bull run in mind, these persons have $10,000 to invest.

  • Mr. Bob goes 100% with bitcoin.
  • Miss Alice goes 50% bitcoin and 50% random altcoins.
  • Mr. theymos goes with bitcoin but $100 weekly DCA.
Well, both have risks in what they will do, but among those three, I think the wiser is Mr. Theymos. Well, it's because it's good to do DCA now a days with the current state of bitcoin. If you are watching the bitcoin price, you will notice and see the sharp movements of bitcoin, either up or down movements, and from that, it's good to place a position on those down or sharp decreases in the price of bitcoin so you can have multiple good positions and a good profit. If I were to choose the second, maybe miss Alice simply because if you are waiting for bitcoin, as its investment is long-term, you can use other coins to do trades or holdings as well, but altcoins are too risky. That's why it is second. Last is Mr. Bob, simoky, because if you put all your capital in one coin and one position, it will increase the risk because your fate will be 50/50.
1018  Other / Beginners & Help / Re: How can I start investing in Bitcoin? on: December 12, 2023, 01:13:20 PM
Well, first, I would recommend that you explore the forum first because this question is a common one and there are a lot of topics similar to it. Anyway,  you already posted it. Well, the most important thing is knowledge. Knowledge should come first because if you have the necessary knowledge and information, it will be easy for you to know what you want to invest and where you want to invest. Bitcoin is a broad investment; you could either trade, hold bitcoin assets, or do many other things. You need to identify in which field you want to invest and what you know you can do.

Bitcoin is a very dangerous and risky investment, as you could lose money in this investment. That's why the second most important thing you should hone is your experience, because if you have the experience, you will build your confidence, skills, mental state, and tolerance. Those things are necessary for an investor in this field.
1019  Economy / Trading Discussion / Re: How much human supervision do you believe AI needs for crypto trading? on: December 12, 2023, 07:36:04 AM
~
Unlike humans, there is mixed emotion when performing an actual trade on an exchange platform and analysis, which is also called; unlike AI, there is no such character that can do what is really programmed; that is all he can do. Because AI does not know which is right or wrong.
In AI or trading bots, even if they are advanced to here or good to here, I'm still not convinced that, with the current state of AI nowadays, it will be reliable to predict the market or decide my trading move. The thing is, even though AI is advanced without data, it will not function; data is what AI needs, and we know the crypto market is unpredictable; the movements in the market are undefined. That's why we humans do technical analysis and such other things to find a good position, and even if we have a position or map in the market in mind, there is still a margin of error. But AI or trading doesn't think that way; it can only analyse and make decisions based on the data it has, but with market volatility, the pattern and data will be difficult for the AI to process.

In short, I still don't rely on AI for trading, maybe in the future, because there is a possibility that as technology keeps on advancing, it's not bad to follow and use trading bots these days, as your trade is at your own risk.
1020  Economy / Trading Discussion / Re: Biggest risk of P2P trade on: December 12, 2023, 05:23:00 AM
So far, I don't experience any problems with P2P trading, especially since I do my P2P trading on Binance only. It's just that I don't trust any platforms; it's just that I'm more familiar with using Binance, and it has a legitimate percentage, wherein you will see a trustworthy percentage of every vendor in P2P. And I know mostly all the platforms have their own steps before proceeding with a transaction. For example, if you are going to sell your asset, or BTC, to fiat and have it directly sent to your fiat online wallet, there is a "release" or "confirm order," wherein as long as you are not receiving your money, you have leverage because you will not release the transaction. In summary, Binance has security features that will protect both vendor and customer to have a safe and fair transaction, which I don't know about other platforms.
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