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1061  Other / Beginners & Help / Re: Every crypto newbies need to know this on: December 08, 2022, 09:05:20 AM
The government uses Fiat to be able to regulate whatever things people do. Their money is not really their money, Fiat is regulated and managed by the government, and using customer's money for investment to grow their own profit is so easy. Banking and bitcoin are different in every way, because bitcoin is decentralized while banks are centralized which can be managed in such a way. both have their advantages and disadvantages. Fiat is required for major transactions because Fiat is still irreplaceable, while bitcoin is for digital investments and some of them are also used as legal payments but are rare and not fully implemented.
Bitcoin adoption is getting stronger but has not been able to replace fiat, Bitcoin is a good option as a digital asset.
1062  Other / Beginners & Help / Re: As a newbie how can i invest in Bitcoin on: December 08, 2022, 08:31:19 AM
During Bitcoin price drop almost 70% from the last all time high price right now not any indicate back to higher price with many bad issues every time from exchange collapse until many altcoin project rumor with exploit. I think OP need to know history about Bitcoin price year by year and he can compares about what have to do before investing in Bitcoin. Right now I think in the bearish moment with Bitcoin price around $17,000 but have been longer time Bitcoin can't reach above $20,000.
If OP excited with Bitcoin investment depend with your choose want to be long term holding or short term and effective earn profit in daily day with Bitcoin still not stable at higher price last moment.

don't expect bullish signs to come in the near future, because there are indeed many problems that occur which make bitcoin prices fall even more. FUD is always made to make prices worse, whales want to get a lower price. now is the right moment when exchanges like FTX to go bankrupt and make the market experience a long bearish.
Buying bitcoin now and holding it for the long term will provide comparable returns and it is certainly better than just trading without understanding the basics of trading. As a beginner, you have to choose what strategy is right for you, and holding is perfect. use money that can afford to lose because there is no risk, and there will still be no guarantee.
1063  Other / Beginners & Help / Re: As a newbie how can i invest in Bitcoin on: December 07, 2022, 06:30:28 PM
~snip~For most of its time, bitcoin has been great to consider as a long term investment asset. Not many people doubt its future even if at the moment bitcoin has lost more than 70% from its high price. So the poin is, if they are interested investing in bitcoin then they have to know what bitcoin is and how its potential in the future based on people's opinions or their own knowledge.

Bitcoin did lose more than 70% from its last ATH, but other altcoins have also suffered more severe losses and some of them have been unable to bounce back. Bitcoin is the main asset as a long-term investment that is still highly trusted. a bearish market like now is a good opportunity to enter and hold long-term. just need to wait for the bullish market.
and for those who are interested or OP as a beginner, you really have to know in advance what you want to invest, like Bitcoin, of course, you have to know bitcoin and what are the basic knowledge that must be mastered. don't make an investment without further research and learning.
1064  Other / Beginners & Help / Re: You can Make 785 + Merits as well in 365 Days on: December 07, 2022, 05:40:07 PM
I admit your persistence in this forum is extraordinary. It's not easy for some people to get 785 Merit in one year and you did well despite the many obstacles you had to overcome.
the more you are rejected and ignored, the more excited you are to make quality posts.
not only merit, in one year you also make 1000 posts and of course, but that's also more because some posts were deleted. you do not give up easily and continue to be active every day. You should be an example to other new members that the merit system is not an obstacle.

congratulations on what you have achieved so far, your journey is still long and this is a start of what you started.
1065  Bitcoin / Bitcoin Discussion / Re: Why We People Cannot Think Like Whales 🐋 🐳? on: December 07, 2022, 04:33:55 PM
~snip~
My additional thoughts on why it's so hard for us to outsmart the Pope:
1. There are many whales and their characters
2. The whales are always well-informed and early
3. we are too greedy

There are many popes and their characters, which means that some popes have their own strategies, but the popes are more careful and more specific in making each transaction, because they will be very concerned about the big transactions that occur.
Whales get early information because they have wide channels so they can do some manipulations to influence small investors with various kinds of news that are published.
This is also related to the Market Fundamental Pad, Whales have an important role in the Market Fundamentals because they manage everything well and lead to a strategy that they are blind to.
1066  Economy / Gambling discussion / Re: My concern of security when using casino houses. on: December 06, 2022, 06:30:10 PM
Casino security directly depends on how guarded the casino is, they usually place several people to secure the place so that nothing dangerous happens unless the casino is illegal and does not get permission from the local government.
In my place, there are no live casinos that can be visited, but in big cities, there are live gambling places that are operating but are illegal.
They are nowadays preferring online casinos because just lying in bed can open casino sites easily. But hacking online sites will be a problem for every user like phishing sites, malware, etc.
Live or Online Casino has their own advantages and disadvantages and depends on the needs.
1067  Bitcoin / Bitcoin Discussion / Re: One Month of Accepting Bitcoin for Payment on: December 06, 2022, 03:55:30 PM
It is very easy to accept Bitcoin payments as primary payments when the Regulations allow bitcoins for legal tender.
As you did today, it is certainly a great start to introduce the digital currency Bitcoin. This is a small adoption made in your furniture business, a good step that has a positive effect on the future of Bitcoin in your environment.

But not only accepting bitcoin payments, you even need a bitcoin payment platform that is easier and faster than having to use a wallet from a trust-wallet that doesn't support Lightning Network Bitcoin.

The use of the Lightning Bitcoin network will be more recommended for fast payments and cheaper transaction fees and can make small transactions, you should study it.
Many wallets support the Lightning Bitcoin Network such as Blue Wallet which is the recommended wallet for the Lightning Network Bitcoins.
Good luck in your endeavors and learn more about the Lightning Network

https://cointelegraph.com/tags/lightning-network
1068  Other / Beginners & Help / Re: How bitcoin has improved my life on: December 06, 2022, 03:15:11 PM
~snip~Bitcoin's price prediction is it will go to $1 million, so it is not yet late to believe in it and continue investing there will be a lot of obstacles because there are so many bad actors and centralized projects like exchanges are ruling the industry but the eco system is changing soon we will have a real decentralized peer to peer projects based on Nakamoto's idea.

LOL you have to be realistic enough about the price of bitcoin reaching $1 million, I would even say that Bitcoin can also go up to $100 million, but who knows how many years. don't think too much about the target which is still very far away, just hoping that bitcoin can reach the latest ATH at $ 100k is already a good target. Regarding bad and good actors in the crypto market, they are just manipulators who can only influence prices but not completely because bitcoin cannot be regulated by anyone. enjoy the ride with bitcoins buy now and hold on to new ATH targets, that will be enough and Bitcoin will improve the lives of all of us.
1069  Economy / Trading Discussion / Re: Money but from where on: December 06, 2022, 12:33:33 PM
For a person who has not been involved in trading before, this is extremely difficult to understand. But at the same time - everything is quite clear, if you give it at least a minimum of time.
A person must have a good understanding of the trade before trading. In addition to this, he must have the right information at the right time about what the market condition is like. And he must take the right steps at the right time. If the right steps are not taken at the right time, he will face many problems.

In essence, they must really know the market conditions and know the basic knowledge in trading, if they don't know the basic knowledge, then don't trade. Trading requires sufficient capital to be able to make a profit. It's not easy to get consistent profits. and losses will definitely occur, if you don't know anything about trading it's better to learn and stay away from real trading first.
1070  Economy / Gambling discussion / Re: How much initial startup to Start Cryptocurrency Casino? on: December 06, 2022, 11:53:45 AM

More money is better in starting a casino because the promotion will cost more.
But if you think $100k will be enough, maybe it's only for a few months and you should still have a reserve fund especially if several players can win quite a lot of money.
You need to know that there is no specific amount in starting a business, especially in the casino business, because the casino business requires a lot of money.
And if in a few months, your casino can get a pretty good increase so that it can get a sizable profit, that means your casino has started to grow and this needs to be improved again.

Promotions are indeed more expensive because that is to introduce casinos and provide bonuses for early users as an attraction so that new players want to put their money into the casino.
The bigger the bait given, the bigger the fish you get.
The system created by the casino is also not designed to always win the player, the system will certainly side with the dealer so that the dealer benefits more often and only a few times can the player get the jackpot.
The casino is a gambling business with a large turnover of money, many players make deposits and hope to win. profits will increase.
Casinos that last a long time certainly have a good strategy and ongoing promotions, giving lots of bonuses and the like.
1071  Economy / Gambling discussion / Re: Is pay to earn considered gambling? on: December 05, 2022, 10:41:08 PM
Gambling can be done anywhere even though the game platform being played is a game that is far from gambling.
When some people put in 5 dollars for several missions that are done, the winner will get the pot that gets it is a type of gambling. In fact, not only in games, but on several other platforms, if there is such a system, it is also called gambling. However, it does not directly mention that the platform is gambling, because the activities carried out are included in the practice of gambling.
1072  Economy / Trading Discussion / Re: What are alternative no kyc exchanges since FTX is gone... on: December 05, 2022, 09:58:25 PM

I can attest with Kucoin as I did trading on this site several times and didn't encounter any withdrawal problem.
But yes, your suggestion of withdrawing the funds after you trade is a must in every exchange.
Because no matter what the reputation of the site is, you should always keep in mind that it is always best to secure your coins in your own wallet.
I think there are still several non-kyc exchanges, however, topping my list is also kucoin. Bybit, haven't tried this one yet.

Kucoin can indeed be an exchange option that doesn't need to do KYC with a maximum daily trading limit of 2BTC without KYC. and to make withdrawals without KYC it is limited to 5BTC per 24 hours.
and for an exchange that really doesn't limit users without KYC is Exchange CoinSwitch which doesn't put a limit on how much one can withdraw each day.
1073  Economy / Trading Discussion / Re: The patience to hold is a gift on: December 05, 2022, 05:39:53 PM
The key to earn money is through trading and investing. Both might look similar but are yet very different.
For some, trading is more convenient since they don't have to deal with huge price swings and earn quick profits in the short term.
They get the rewards quickly when compared to investing which is a long term process.
We need to hold it no matter in which direction the trend goes in the short term.
This is where many people find their ideal choice of earning money and for me it is investing.
I have tried trading but eventually lost money but when I hold it for a long term it certainly gives huge profits.

In my opinion, your opinion is a little wrong in trading, not only in the short term, but also in the medium term and long term (it can also be called investment).

When you do short-term trading it will be riskier because of rapid price changes and you are required to continue trading and must be able to read the candle well and capital management. quick gains, but also provide quick losses. while for the long term (investment), you only need to buy at the bottom price in your opinion, and hold it for the long term according to the target to be achieved.

But when you try to trade short-term and lose money, you are already contradicting your own statement that short-term trading is more comfortable with quick profits because it doesn't deal with large price swings.

actually the long-term or short-term is the same, depending on how you do it, everything is knowledgeable and appropriate with everyone's passion.
1074  Economy / Trading Discussion / Re: 5 Bear Market Mistakes to Avoid on: December 05, 2022, 05:11:18 PM

~snip~For altcoins that should only be traded or short-term investments, if an unexpected bear market occurs, you need to cut the loss of everything. They are not like bitcoins that will always rise again, some will not be able to recover and die.

For the most part, altcoins will not recover, but if we look at Ethereum, BNB as the main targets for altcoins, then it is not wrong to choose these two coins. when bitcoin starts to become unstable and tends to be more bearish, ETH and BNB will also be affected but not like other altcoins. Bitcoin is the main investment, but the top altcoin can also be a secondary option.
and remember, don't cut your losses if the coin still has better potential.
1075  Economy / Trading Discussion / Re: Reasons why the 95% of future traders lose all of their money on: December 05, 2022, 01:43:14 PM
~snip~reediness can be found in everybody but I don't think that was really the problem in futures trading because what I see is that it is our decision-making. And if we talk about strategies, I think most of us are using the same but what it went wrong is how it was been implemented.


Keep in mind that decision-making depends on how a person's psychology. Wrong decision-making is usually influenced by unstable psychology, as well as greed which makes traders unable to be consistent with the main targets that have been achieved. About the strategy of every trader will not be the same, only a few indicators that they use are the same. Concerning capital management, risk management and others can be combined so that the strategies to be made are not the same.

Whether it was futures trading or not, many traders will often lose rather than make a profit.

Those who often lose money rather than gain are of course those who are beginners and don't understand. For professionals, the percentage of profits will be greater.
1076  Economy / Trading Discussion / Re: Reasons why the 95% of future traders lose all of their money on: December 04, 2022, 08:48:38 PM

You've said something true about futures trading, but really one can never escape being greedy in trading. They may learn from their own experience, have emotional control and wise use of laverge, but things will not be as easy as we imagine and the practice will be very different.

I had to avoid futures trading because it's so hard to control my urges and emotions not to get greedy, so in the end I tended towards spot trading instead of futures trading so far. I can learn it, but I'd rather avoid something I don't understand properly.

Greed is a natural trait that humans have and the level of greed also differs from person to person. It is very difficult to regulate psychology if we are not used to it, greed will arise when we are faced with a choice that is a win-win.
I also even stay away from futures trading because the risks are indeed higher, but some people who are able to control futures trading, can take advantage of every movement to make a profit. Futures trading is not for beginners because the risks are greater and also psychological control will determine profits.
1077  Bitcoin / Bitcoin Discussion / Re: Imagine owning Bitcoin as an xmas gift on: December 03, 2022, 07:27:31 PM
Are the people in your neighborhood familiar with bitcoin or not? if you expect someone to gift you Bitcoins, someone must know about bitcoins and you are also interested in bitcoins. It's not easy to get bitcoins if you just wish for a Christmas present from someone else's friends or family.
You really have to give an example of bitcoin if your environment isn't familiar with it. If you are rewarded with Fiat money then your chance to buy bitcoin yourself is of course very possible. You can also gift someone else a Bitcoin before you can receive a bitcoin gift. introduce first. Having a bitcoin Christmas present would be a dream for you, but not everyone would think about that gift.
1078  Economy / Trading Discussion / Re: Reasons why the 95% of future traders lose all of their money on: December 03, 2022, 05:34:35 PM

Learning about the futures needs commitment and determination since it's too broad and there will be confusing things that you need to understand. You have to be sure that you like doing it and that you are willing to face the risks. Futures is different from the basic trading that we know so we can't apply the basic stragies that we know about it. If we'll do it without complete knowledge, it's like we're fighting a battle without complete gear.

Fighting without complete armor will result in injury and even death on the battlefield. Like Futures Trading which has a higher risk than spot trading or regular trading. Basic knowledge is indeed not enough for futures trading, it takes sufficient knowledge to be able to manage futures trading. Especially psychology is also a problem for all traders even though they are already professionals. Psychology is influenced by many factors, starting from poor risk management which will result in the strategy not working properly.
As you said, Futures trading requires commitment and determination to master it, so as not to lose everything. and what is also important is the use of leverage which must be wise, and adjusted to the circumstances and risks that can occur. Liquidation will obliterate everything.
1079  Economy / Trading Discussion / Re: Shall we create a small chat room to communicate? on: December 03, 2022, 04:13:57 PM
Well,guys,thank you all
By saying that no one will join and that i will charge for something you thereby entrench in the minds of people on this forum that it will be so
And all of you saying it won't work also prevents me from doing it
Once again,thank you all very much

You don't have to bother making small talk about what you want to discuss. This forum has become a complete package that you can take advantage of, besides that it also keeps scammers out of our reach because Telegram is the best place for scammers to attack everyone who joins.
Simply creating a thread on this forum about what you want to chat about is more than enough, and the advantage compared to chatting on telegram or other group chats is that creating a thread on this forum will become history on the forum so people who ask the same thing will get their answer. rather than in the telegram group which can be left at any time and there is no guarantee that history can be recorded perfectly.
You have good goals, but of course, they have to be in the right place.
1080  Economy / Trading Discussion / Re: What to do when trading gives you heart problem. on: December 03, 2022, 03:43:08 PM

Other than that, maybe just do not trade at all and focus on doing long-term holding instead and you would not have to worry about the market or even your heart. The market is so scary that it might not go into your favor at anytime and you would not even do something about it. There are plenty ways to earn in crypto anyway and not just investing and/or trading.

Buying and then avoiding trades in order to focus on the long term is indeed a good strategy, so we keep monitoring the market to a minimum. But if the intention from the start is only to buy and hold long-term, making purchases in stages at lower prices would certainly be highly recommended. Don't just spend money for just one price. Applying DCA would be better with long-term goals without trading. This is an excellent way to make money in crypto, but the money also has to be long-term.
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