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1081  Economy / Trading Discussion / Re: one mistake that crypto beginners should be aware of ? on: April 11, 2023, 07:45:41 AM
I think it shouldn't necessarily be a "specific" mistake but something considered a "learning" mistake. Like something "too good to be true" posts and offers, ending up as a scam. I believe that anyone of us has probably experienced a scam one way or fraud possibly like:,
  • Investing in coins believing it's going to be a life-changer
  • Trading with someone here and not verifying the amount that they have control of the wallet.
  • Believing in paying like signals but it's really within your control on how you are going to proceed with trading

There are a lot of things beginners should learn, just make sure they understand what they are doing in the first place.
I think what’s more important here is that they will not be consistent in repeating the same mistakes again as those mistakes are only good at the beginning and should only serve as a motivation to learn more and discover more. And remember OP, we should not only focus to a single mistake but all mistakes in general and correct them so we won’t be losing our money again because we fail to avoid them.
That is definitely understood already. Not repeating the same mistakes. It just means that they didn't understand what they did wrong and they just keep repeating the mistake over and over again. That's not going to be healthy for them and would probably lead them to lose money like you said. Corrective actions should be done.
1082  Economy / Trading Discussion / Re: Market is seasonal on: April 11, 2023, 06:30:59 AM
How can you say that the market is seasonal if you need help understanding the mechanics of the market? Saying that it's "mystical magic" doesn't explain anything. It's best to know that there is a primary reason you always kept winning trades: market sentiment. It's a bullish market; everyone would benefit from it and keep winning.

It would be hard to regulate, but the people who can are the whales.
1083  Economy / Gambling / Re: Blockchain Casinos - Consumer's Choice 2023! on: April 10, 2023, 01:48:49 PM
Where would this be posted? I'm curious as to why I just have heard of the Casinos Blockchain awards. It would be fun to see the event itself so that our votes here would be somewhat relevant.

I think the majority here knows only of Stake and not the other casinos in the poll.
1084  Bitcoin / Bitcoin Discussion / Re: How much effort should one put into Bitcoin investments on: April 10, 2023, 09:59:10 AM
It depends on what you can handle. To put on a perspective, you have to believe it would rise. If you cannot wait to see the realization of your belief in Bitcoin, then it's better to stay away from it and save yourself from the stress you can incur when investing. It's better to take care of your health rather than make it harder for yourself to gain that financial stuff. That would be an exchange for life and money.
1085  Bitcoin / Bitcoin Discussion / Re: Giving out to promote Bitcoin on: April 10, 2023, 02:05:23 AM
That's very noble of you to do. It's probably because of the money that they listened to you, but it's a great start. A lot of people would have started it like that if they have something to start on. It's great that you were able to ask them to create a non-custodial wallet because it can be quite overwhelming at first if they don't have devices to use or if they want something easy.
1086  Economy / Economics / Re: Quit borrowing on: April 10, 2023, 12:29:20 AM
It's okay to borrow if you intend to pay it back and need it. Sometimes it's necessary, but you shouldn't make it a habit like you will borrow to pay another debt. It will be a never-ending cycle that you will not stop doing until it affects your life and go into some parts of your life. It will manifest somehow.

Unless you borrow for asset purchasing that could generate income, that's one of the best things you can do when borrowing money. Make more money with it.
1087  Economy / Trading Discussion / Re: 5 Things I've learned day trading Bitcoin for 3 years (successfully) on: April 09, 2023, 05:48:46 PM
The best way to determine how you will keep up with the market is to monitor it continuously and ensure that you follow the trend. I agree that you can use tools like a crypto bot to take advantage of the market. You could also check Gunbot . I hope you are available to check it out. Maybe you could use it OP to your advantage as well.

I'm curious, how do you determine that you are "successful" in trading? What are the metrics that you use to know that you are, what you say, successful?
1088  Economy / Trading Discussion / Re: Question about Freezing of account on: April 09, 2023, 05:34:58 PM
I hope that your friend wasn't scammed with this method. Probably her email got leaked and the scammers pretended to be as an exchange and then made it look like she is making transactions with the original site. It's definitely going to be a problem if she deposits or something. I don't know what kind verification that is but it might just be an attempt to get money from leaked emails or something.

I hope no one is going to get scammed anymore with this method.
1089  Bitcoin / Bitcoin Discussion / Re: Bitcoin has a bad reputation (we should fix it) on: April 09, 2023, 02:17:57 PM
I have talked with a lot of people who are not so much into anything technological and non-tech savvy people and what I can gain from them is this.

"It's not tangible"

I think as humans, they want something real and really be held using arms or something. They want to really have that tangibility that some assets have and I think that's where it's hard to grasp for other people. Some people know that it's the people who are evil and not the technology itself so I think it's not the reputation per se.
1090  Other / Off-topic / Re: I have bought my Dream Mobile Phone Because of Signature Compaign earnings on: April 08, 2023, 08:15:56 PM
What a great story! It's fun to see these types of stories, which makes it inspiring and motivating to be part of this forum. I'm just curious, OP. Did you earn BTC in the signature campaigns? Because you might make or get more if you manage to store it safely and not move it at all and then wait 'till it rises in price more and more. Would it be worth it to stay in BTC?
1091  Bitcoin / Bitcoin Discussion / Re: Is it wise to spend your Bitcoin on: April 08, 2023, 03:04:27 AM
Where did you get that most people use Bitcoin transactions? That shouldn't be the case everywhere. Many people have yet to use BTC and always use the unlimited resource FIAT cash, and that's what they know. The majority are not using BTC, and people who are into BTC mostly are into HODLing and will not use it all. In some cases, they need something, and they need to have that source of cash.

I'm guilty of spending BTC. I did that and spent my Bitcoin buying goods because I was amazed that you could use it in some stores back then, but now I use it when I need to.
1092  Bitcoin / Bitcoin Discussion / Re: Can you consider yourself as a risk taker if you buy bitcoin? on: April 08, 2023, 02:56:33 AM
Since you already have the answer as YES, it's not informative, or no need for further discussion because it's just, like you said, a yes. It will get more complicated if you check or understand it more profoundly.

It can be simplified like this.

Bitcoin = Volatile asset (The unpredictability of the market)
Buying a volatile asset = risk-taking (Uncertainty of the asset)

Risk taker = Buying Bitcoin

That should be it, TBH.
1093  Economy / Gambling / Re: Enough to consider a casino scam? on: April 07, 2023, 03:35:37 PM
What will you do if you don't know that a online casino will ask you for KYC after winning over 8,000$ on the platform? And you now manage to process with the verification and they failed to pass you? Can you consider such a casino a scam?
That would be a lot of money to be won and they would definitely know who is behind that winning bet or something. It will depend on how they are dealing with players in the site. Find some reviews about it and see if there are people who would have the same thoughts on "scam" or legit.

Also, imagine you get attracted to an online casino because of the bonuses they offer and you open an account and make your first deposit then you didn't receive the promised bonus, is this an act of scam or not?
It's a way for them to attract new players. That wouldn't be immediately equal a scam. You should be wary of "too good to be true" things.

I am trying to solve such an issue for someone very close to me and that the complaint he gave, I have no answer than maybe the bonus was canceled already before he made the deposit or there was a minimum deposit requirement.
Is there any other reason given by the casino why it failed? There has to be something.
1094  Economy / Trading Discussion / Re: one mistake that crypto beginners should be aware of ? on: April 07, 2023, 03:17:19 PM
Everything is going to go through beginners' stage. That's the best way to learn, but having a mentor is better. If not, then you will have to go through it. I want to expand on what you have already said, OP.

  • Imagine joining exchanges just because it has gotten popular in a short while and may be too good to be true
  • Only goes with the crowd and follows what they see online without research.
  • Keeps everything easily accessible to anyone
.

Those things are quickly learned if the person exerts effort towards it, and if non, then you know what will happen. That someone will not be involved anymore with the crypto space because of a "bad experience."
1095  Economy / Trading Discussion / Re: Day trading is perfect work for jobless peoples on: April 06, 2023, 05:17:58 PM
Doing that consistently and having that freedom with yourself will be worth it. Being able to do what you do makes you want to give your all and be the best you can be. Those are the best things you can do if you are trying to earn money and have fun.

Being a trader will take a lot of work, but it's better than being jobless. That's the best thing to remember, IMO.
1096  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Doge worth investing? on: April 06, 2023, 05:12:06 PM
Does this have to do with what Elon did? I think it's a smart move for him, knowing that he is doing those things to make a point that he supports Doge, and it's most fashionable, changing the Twitter icon. It's hilarious, even with the loading and all that stuff.

As long as it continues to do that, we can probably reach higher highs for that.
1097  Economy / Trading Discussion / Re: Before You Go All In on: April 05, 2023, 05:44:27 PM
It can sometimes be about how well you can trade and how reliable it could be. Another question in mind is if you are capable of it as well. You will not be able to do that entirely if you were not built like it or haven't had the chance to learn it because you will surely be able to if you manage to do it.

There should always be an emergency fund in case you cannot capitalize on trading and suddenly need some money. It would be best to try it before going all in.

The best knowledge and thing to do is to have that "risk management" that everyone should know.
1098  Economy / Gambling discussion / Re: Terrence Crawford vs Errol Spence - June 17 on: April 05, 2023, 02:23:20 PM
This is one of the matches to see! Both of them having no losses since. I think they have those fans that will hype it up and have that kind of "match of the century" thing. It's going to be an exciting match.

It's up to their strategies and execution, for sure. With their strengths in the ring, it's tough to predict, but I would go with Spence.

Errol Spence has that power, skill, and condition. I'm basing the influence on his stats having a high percentage of knockouts. Maybe he can knock out Crawford. We will see.
1099  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Surprise back!!!! on: April 05, 2023, 02:01:54 PM
Isn't this an old story already? Elon is the Doge master, and he can get that influence with just a simple tweet or a video with "subtle" nods with a Doge coin or something. I think it's good that you can somehow follow them, but it could also bring you bags if you don't time it right. It's still best to decide with it and know what you are doing.
1100  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Is FTX going for a reopen? on: April 04, 2023, 04:22:55 PM
I don't think it will be an easy recovery for them. I'm happy for those users affected getting their money before they lost everything in it, but at least they are trying to make things right. I hope the new management will do a better job and no more illegal stuff that would make people doubt it even more. It's going to be a challenging take for them.



FTX will never be reopened again. The reputation has already been destroyed and none will believe to use it again since the big case that happened with SBF. People will be feeling worry to use FTX anymore if it will be reopened or revived. There must be a new invetors who will able to give billions of money to revive it back again.
They can reopen but they wouldn't be able to come back to it once was. It's going to be difficult to recover.
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