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11821  Economy / Trading Discussion / Re: Learn more about trading on: October 31, 2021, 05:16:01 PM
Through experience is always the best and wisest choice.
Indeed experience is still the best teacher for us to learn and understand the nature of trading. There's no need to spend money to take courses or hire people who can teach you on how to trade. Because nowadays you can improve your knowledge and skills by self educating through the help of numerous resources to learn online. Dont rush things, take your time until you are knowledgeable enough to be a trader.

Yes, experience is the best advisor, but we must take into account that the options must be studied very well, every day the market moves in different ways and now experience is only a plus to act, currently we are still living a situation Fundamental, is Covid-19, which is a guarantee that at any moment the world will panic again and in the face of these eventualities, it is most likely that all speculative markets will drop in price, it is what is most expected, then the experience In these times it is beginning to be acquired, the market stage can sometimes be uncertain, because a fundamental is always good to treat with great restraint when operating in a speculative market.
11822  Economy / Trading Discussion / Re: Now the price is bullish on: October 31, 2021, 04:31:41 PM
now the price literally going crazy, with no top , guess u should have exit plan, remember dead May before, but the good news, its still far from over, btc wont get high correction like 2018 before touch 140k ++ . of course this is just my thought.

Well the price has been fluctuating a lot, it is necessary to emphasize that the BTC ETF has influenced the price a lot, in fact this has opened the doors to many Wall Street investors who have been betting on BTC for some time. Some are thinking of diversifying their portfolio much more, they see an immense opportunity because they believe that BTC will not only reach $ 100k quickly, some think that it will go well beyond $ 150k.

According to some opinions of experts who have been on Wall Street for years, BTC will very soon become a currency worth buying to become a millionaire.
11823  Economy / Trading Discussion / Re: What do you think October will be for alts? on: October 31, 2021, 03:58:03 PM
I think if the bitcoin stays stable for a while then there is a possibility to pump all types of altcoins, although thinking about altcoins is very costly and very risky. Altcoins can be very profitable at times but on the other hand properly any kind of analysis does not work properly. There are many groups where many are saying that altcoins will go up very soon but no one is saying the right time.
indeed at least bitcoin is stable until the end of this year, so it is possible that we can see altcoins rise, because if bitcoin goes down, most altcoins seem to follow the decline as well. on the other hand, this moment coincides with the end of the year where the desire to climb up seems to be wide open, and that many traders believe in it, so the opportunity to go up will be easier

Well apparently this month of October looks like it is already leaving without leaving an altcoin season open, November may be different, there are more chances of it happening because it is closer to December and generally people usually buy any amount of gifts and things in November not to buy in December at the last minute and much more expensive.

It is for this reason that more hope can be predicted regarding the rise of altcoins, and obviously for BTC, if BTC goes into a definitive uptrend it is likely that the altcoin season will start with all, it has always been the case, at less that is what I learned in 2017.
11824  Economy / Trading Discussion / Re: At what Bitcoin price do you think altseason will start? on: October 31, 2021, 02:45:40 PM
Now the price of bitcoin changes quite often, and it will be quite difficult to guess or predict it.

From my experience in 2017 when BTC started its bullish trend, all altcoins started to soar. The behavior of BTC for now for many is bullish, but it is not a guarantee of entering the definitive bullish trend, it means that there are still many corrections, many movements, stabilizations and rallies, at the time of BTC rise, the altcoins begin to rise and they do not fall in price so the BTC suffers corrections, for me this is the easiest way to realize the altseason, as well as reviewing the millionaire BTC portfolios. There are many false positives, some claim that we are already in that season and there is still a long way to go, it is necessary to emphasize that all altcoins depend directly or indirectly on BTC.
11825  Economy / Trading Discussion / Re: Taking Profits on: October 31, 2021, 02:24:29 PM
I think 10% to 15% profit is enough if your trading money is high and if you are brand new you will not find happiness even after making 50% profit, You have to decide first how much profit you will actually make trading and if you can't decide then I would say take a little more time before you start trading and then start, In the end I want to say how much profit you want to make and that is what you need to do to work efficiently.

It is a very good strategy, in my case I use profit taking in another way, I carry it in conjunction with Stop Loss, that is, for an operation if I have a Stop Loss of 8%, which is the maximum to risk , the profit taking is Stop Loss x3, that is, I take profits up to 24% profit.

Obviously for natural reasons my trading is in the medium and long term to be able to have that type of profit, but it is a very simple way to trade, apply techniques and it is even easier to react to the market in the face of a possible rebound or fall.
11826  Economy / Trading Discussion / Re: Does Trading have an advantage over investing?? on: October 31, 2021, 02:06:48 PM
Both are actually lucrative and rewarding but I would prefer trading over investing since trading pays me immediately while investing takes longer period. Although I choosed to engage in both so I don't feel left out on any of them since both could give fully rewarding. Investors depend on traders to know how long to hold on to a coin or token so traders are really valid in the business

There is a point that you say that I do not share at all, and that is that investors do not depend on traders, traders do not really move the market much, those that move the market are Strong Hands, Institutions and emotions.

Looking at it from a more general point of view when we enter the world of BTC and CRYPTO, the rules are different from those of any market, because some speculative markets do not have so much volatility and the crypto market its biggest King is BTC, without the BTC simply altcoins would not exist, because there is no altcoin that has a life of its own. These are just some of the things that every investor should know and that the accumulation period is much shorter than the Stok Market, which is a great advantage.
11827  Economy / Trading Discussion / Re: For those who think that they caught the moment when it's late to buy on: October 31, 2021, 03:28:26 AM
Well there are many ways of thinking, which are respectable and I think many are based on their own experiences to express an opinion and even advice, if we take into account particular experiences it is difficult to follow a trend, because generally some advise it. that others do not advise. According to the investment books I have read and some trading books, it is best to always buy cheap, never buy at highs.

But when noticing that the BTC market is different from the other markets, it is evident that we can establish a comparison according to our experiences or experiences, in my case I think that if it is bought at price levels lower than the last ATH it is a good investment , because it is obvious that the BTC will take the bllish trend again, reach the ATH and surpass it, this is my logic, the only thing is that you must wait as long as necessary to obtain profits.
11828  Economy / Trading Discussion / Re: Before getting into trading on: October 31, 2021, 02:46:53 AM
To be honest, I don't quite understand those who start working without experience. You need to understand that this option most often ends with only losses.
You may be right but not in every situation cause they depend on something. Ask yourself, who trained the first Doctor to be existing in the human race? Who trained Norton and every other scientist in human history?
The main reason why people make especially the newbies make lost is before they don't do adequate research though a mistake is expected in the first step.

His point is very good, but currently there are many guides, mentors, and especially books, many can start operating, but what they do not measure is the amount of money they can lose, whenever many newbies start thinking only about what they want. they can earn more not on what they can lose, and that is a rookie mistake, because every trader before operating must allocate money willing to lose, but the main thing is to think that way.

If we trade based on gambling and luck, the money will go quickly, there will be no option to win anything, because the thought would be based on winning no matter how, and if this happens you cannot learn and if you do not learn it is translates into loss of money.
11829  Economy / Economics / Re: Simple reason why crypto is preferred over fiats on: October 31, 2021, 01:48:06 AM
That's because no single person or group of persons is or are in control of Cryptos, it's called Blockchain technology

It's a decentralised system meaning money sent or received from or to an account can be seen or monitored by everyone or anyone who wishes to

Unlike your normal bank that has CEO who decides how he wants to run his business, he can collaborate with the president to Syphon millions of dollars and no one will know about it

In the Crypto space, such is not possible because any amount that leaves your account can be monitored and traced by anybody at all

So stealing with Cryptos is almost not possible

And again, Cryptos rise/fall every second, but the chances of rising is higher

That's why Bitcoin of $10 today can turn $14 in 14days time but your $10 in the bank will reduce to $9 after bank charges

So a time will come when everyone wouldn't want to be cheated again by the banking system and would move to using Cryptos for Saving money and other transactions.

There are still people who will always use and prefer fiats OP, people that are into crypto usually is to invest and save because in reality bank is just there to store your money and have word "savings" but in reality you didn't save any because you pay them to store and secure you fiats.

And bitcoins can be stolen too, not in the system. It can be stolen to those bitcoin owner who failed to secure their funds.

You are right, for now there are still people who prefer FIAT to cryptocurrencies, perhaps the reasons are pro ignorance, some because they do not agree with volatility, others say that it is too risky an investment, in countries with high inflation the BTC is the ideal way out, since they are always protected against all inflation and as their local currency falls due to inflation, the BTC raises the value, that is, in a country with economic differences and high inflation, the BTC is the best way of constant savings no matter what happens in the world, this is one of the things that can be taken advantage of the most from BTC, and this has made the improvement of many particular economies.
11830  Economy / Economics / Re: What are common arguments for Bitcoin? on: October 30, 2021, 10:04:11 PM
What should new investors know about Bitcoin?

A common argument, bitcoin is a scam.

For most people that I encounter, that's the common question because what they know is when it says bitcoin, you will invest something like a ponzi scheme and it will grow. On that matter, I'd rather just keep quiet and let them think what they want because their door is closed for any information.

What should new investors know about bitcoin? The risks involved with it. It's better to understand the risk instead of getting profits.

Yes, you are right, where I also live, the first thing they tell me is that this is a scam and that it is a pyramid scheme, the truth is that the people who have told me these statements do not have any kind of financial education, it does not make sense sometimes to argue with them because they simply stick to what they see on TV or what some newscasts instill in them, I also had the opportunity to speak with an owner of a textile company where he told me that BTC was practically that, a scam, that if I told him why based on the characteristics of a pyramid scheme, based on history and I made a brief comparison with tulips, and I told him, FIAT money is much more bubble right now than BTC, and a possible recession It has been delayed because there is the fudamental of covid-19, of course when talking about the history, how it is even in the form of a bubuja chart and scam, he did not give me another argument to continue saying that it was a scam.
11831  Economy / Economics / Re: Differences between an investor and common man! on: October 30, 2021, 09:42:20 PM
What are the things differ from mindset of common man with investor,please share your thoughts.

IMO,investors never want to take loans for their consumption like home loan,car loan,etc then just save money and will buy the things for their needs but common man like you and me will buy the things immediately when we get the desire of it using loans but we are paying 20% of interest to those kind of loans.

I think that currently the difference between a common man and an investor is that the Investor has enough money to cover all their basic needs including some emergencies, and also has the time and stomach enough to wait as long as necessary to see profit.

The common man for the most part is counting his money and is allocating his money to many things, needs and obligations, as the common man who invests is not so much money, he has a not very long time because he needs to see profit quickly to continue In the business, the common man does not have the necessary money to often solve emergencies, it is for this reason that many times the common man extracts his money from an investment even if it is in losses.
11832  Economy / Economics / Re: When will the role of fiat currency disappear against crypto. on: October 30, 2021, 09:23:44 PM
Indeed, i totally agree with you. Fiat will exist no matter what. Crypto can't replace it's role. Every country has its own decisions, regulations and rights to choose.
 
Right now fiat currency has its superiority against crypto because honestly fiat is needed in our daily lives to buy food and pay water and electric bills. Also to our other needs like in case of an emergency, not all hospitals accepts crypto for payment, they prefer fiat.

However, i also thought that crypto and fiat would work together in the future too.

Well, in the not too distant future you will be able to buy food and anything that has to do with goods and services with BTC, in fact FIAT money always needs to exist, it is our benchmark to give value to BTC.

I think that FIAT money will also be used to go the Blockchain path, as CHINA is doing, they already manage their currency or digital stablecoin without any problem, and in some news many countries are working on their model and project of digital money or stablecoin, as well as many are considering having BTC as legal tender, just as El Salvador is doing.
11833  Economy / Economics / Re: Really, why bitcoin has this value? on: October 30, 2021, 08:59:05 PM
a lot of investor confidence about the future of bitcoin, where the few people who still use it make investors believe that later when more and more people use it the price will soar. the advantage of bitcoin having high volatility, is to attract new investors to join, and if seen, bitcoin will always form a new ath, and this is what makes many investors optimistic

YES, you are partly right because of the confidence that many bet on Bitcoin, but I think that the main reason lies deep down and is the Law of Supply and Demand, many people are currently entering the world to trade and invest in BTC, Even on Wall Street, BTC is already considered, and this is something that is not new, in fact recently, BTC has taken pleasant bullish turns for investors and those who have bought BTC, new investors and new institutions have much more liquidity. joined the party.

If we take into account what previously moved the market was its own Strong Hands, now people with a lot of money are entering with the ability to move the BTC at very high price levels, and they cause emotions in people, which is another of the main reasons why the market will never stop fluctuating.
11834  Economy / Economics / Re: Simple reason why crypto is preferred over fiats on: October 30, 2021, 08:31:42 PM
That's because no single person or group of persons is or are in control of Cryptos, it's called Blockchain technology

It's a decentralised system meaning money sent or received from or to an account can be seen or monitored by everyone or anyone who wishes to

Unlike your normal bank that has CEO who decides how he wants to run his business, he can collaborate with the president to Syphon millions of dollars and no one will know about it

In the Crypto space, such is not possible because any amount that leaves your account can be monitored and traced by anybody at all

So stealing with Cryptos is almost not possible

And again, Cryptos rise/fall every second, but the chances of rising is higher

That's why Bitcoin of $10 today can turn $14 in 14days time but your $10 in the bank will reduce to $9 after bank charges

So a time will come when everyone wouldn't want to be cheated again by the banking system and would move to using Cryptos for Saving money and other transactions.

There are still people who will always use and prefer fiats OP, people that are into crypto usually is to invest and save because in reality bank is just there to store your money and have word "savings" but in reality you didn't save any because you pay them to store and secure you fiats.

And bitcoins can be stolen too, not in the system. It can be stolen to those bitcoin owner who failed to secure their funds.

You are right, for now there are still people who prefer FIAT to cryptocurrencies, perhaps the reasons are pro ignorance, some because they do not agree with volatility, others say that it is too risky an investment, in countries with high inflation the BTC is the ideal way out, since they are always protected against all inflation and as their local currency falls due to inflation, the BTC raises the value, that is, in a country with economic differences and high inflation, the BTC is the best way of constant savings no matter what happens in the world, this is one of the things that can be taken advantage of the most from BTC, and this has made the improvement of many particular economies.
11835  Economy / Economics / Re: A way to make money online? on: October 30, 2021, 08:04:00 PM
Cryptocurrency is one of the fastest ways to make money online. Some people have become Dollar millionaires by investing in Bitcoin, Ethereum and other cryptocurrencies. They were early to admit Bitcoin from the moment it appeared and the price was very cheap.
Making money online by trading coins and investing for cryptocurrencies is a fast, attractive but also risky method of making money.
To start with the form of making money with Trade coin, trading cryptocurrencies, you must have solid knowledge and good psychology when participating in the market.
Cryptocurrencies may not be as profitable as they used to be, but we can still make money from them in 2021.

Since when is cryptocurrency the fastest way to earn money? How did you come to that conclusion? If that's so, gambling could also be a quick way to double your money on the spot. Crypto isn't that simple, and first of all, requires some sort of capital to make a successful investment, not to mention the research you'll have to conduct before proceeding.

Cryptocurrency might be one of the top choices when it comes to investing, however, there's no such thing as a quick ROI.

Quick ROI is possible. There's always something in the Big Gainers column on CMC



However, if you mean that making money on those is highly improbable, I totally agree with you. Most of the time, if you specialize on the sh*ttiest coins among the sh*tcoins, you are buying high, and then selling at lower price in hopes of redeeming at least a part of your investment.

The truth is that those winners if they knew how to hit it, it is difficult to see or have that ability to predict which currency or which NFT will explode ranking among the first.

Everything is a bet, in this case every day I have seen many nascent projects, especially NFT games that do it with pre-sales, and I think it is a little easier to take, instead cryptocurrency projects, be it ICO, IEO It is difficult, among others, most have a good future but very few projects succeed, in fact in previous years everything was done for Airdrops and projects that focused on different improvements, now the best thing is to invest to obtain profits, I think the direction has changed over the years. In 2017 you could enter crypto by winning only with Airdrops and with investment = 0, currently it is not like that, to win you must bet, you must invest, the demands of the crypto world are increasing.
11836  Economy / Economics / Re: Reality Check on Crypto on: October 30, 2021, 07:40:36 PM
The reality is that bitcoin first appeared on the earth a decade and few more years ago on the earth. It's planning might have started way before that so that the inventor was busy coding the blockchain and it's logics. Ideally it started, and it never looked back to this date. The reality is that, there is more than trillions of dollars which are being spend on the blockchain and the enormous volume is driving the price of bitcoin to the new goal.

Now, what bunch of peeps think about the bitcoin does not matter here. If invisible reader is here to gain more knowledge about it, then read the above para twice and empty your bank into crypto before its too late.

The reality tells me, bitcoin is now way sophisticated asset than it was a year ago and it would far more lucid a year after this. So don't argue, because we would be just wasting the time and nothing else.
The idea started even before 2000's, maybe by satoshi himself, maybe someone who is totally stranger who just checked, but if you check the "e-money" world, we had many many periods before bitcoin that had emoney methods.

However, blockchain basically created something that is non-penetrable and also decentralized which gave its power. Look at usdt to see the difference, if the first coin was USDT then we wouldn't have this situation, we would have something that is totally different, why? Because it is centralized and pegged, then we wouldn't have crypto at all. The reason why bitcoin became this famous is the fact that it is decentralized and it is totally owned by the people and nobody else.

You are right, if there were no BTC there would be nothing, that is why many say that BTC is the King, he is the boss and that is why it is the total dependence of altcoins by BTC. I have seen many talk that altcoins can survive without BTC and no, it is impossible, it is like the example you give with USDT, USDT is not totally USD, it has a combination with crypto, because that was the last report made. .

However, currently BTC is reaching governments and banks with more force, USDT is only seen as one more stablecoin, I believe that the reality with crypto resides from that point of view, where it could have had many origins, but it really was created since Satoshi Nakamoto came out.
11837  Economy / Economics / Re: Will we see new ATH this year? on: October 30, 2021, 07:13:15 PM
The fact is that the governments and/or other major financial sectors just don't want bitcoin to reach ATH again and they do everything for that but the bitcoin is still very, very bullish, like never before! What do you think, will we reach new ATH again despite a such resistance?

And finally we have seen that bitcoin managed to reach a new ATH again this year at the level of $66k and surpassed the previous ATH which was at $64k last April, this achievement certainly proves to us that bitcoin will continue to grow and become more valuable even though currently there are some governments who want to stop the growth of bitcoin, but this does not make bitcoin die, because so far bitcoin has been adopted by many people and investors or by other individuals.

Really what governments want is something despicable in the crypto world, it has been seen that they cannot control BTC or cryptocurrencies, in fact, they want to be part of crypto by making their own stablecoin to capitalize and obtain liquidity, the Chinese government is example of such movements, where he used BTC for FOMO, FUD, FOMO, FUD and manage to implement his Digital Yuan, these are strategies that are worthy of governments, on the part of "El Salvador" things look different, Bukele against all odds implemented Bitcoin legally in his country and although many began to protest (for no apparent and intelligent reason, perhaps due to ignorance and ignorance) he did not pay attention to it, even at one point the IMF also pressured him and as the The IMF itself presented a clarification that it was not against "El Salvador", if this president could do it, which is a great example, why then the governments of Europe, USA, which are much more advanced in all,  a third world country won them?
11838  Economy / Speculation / Re: 60k price recovery achieved on: October 30, 2021, 06:52:33 PM
~
The pressure coming from day traders continues to harden the process of breaking this barrier; I was thinking that after breaking $61K

it will be much easier to continue moving upwards, but it's not.
It is hard to predict how the market would perform, i was also monitoring the market to see how the market would go as i too wanted to take my position and i was expecting huge sell off but there is a decent buy wall and lets see how the market will perform in the next two days and will take a position. With the way the market is performing we might hundred thousand by the end of this rally.

Yes, the truth for me is uncertain to know what is the reason why BTC continues to rise, I have been watching the chart by tensorcharts.com, which I like a lot because it is a platform that gives real-time negotiations with the correct volume according to The Exchange, I have also reviewed the Shorts and Longs in tradingview and they are neutral, the truth is I think it is one or more whales that are buying and buying, it is for that reason that BTC continues to increase in price.

Of course this is my perception, in my opinion it may be influencing the entry of ETFs, perhaps the emotions of the traders is increasing, that is what I speculate for now.


The launch of the first Bitcoin ETF in America, many beginners started to adopt bitcoin so that the bitcoin market jumped quickly from $60k to $66k in a week, then suddenly the market dropped rapidly to $60k again in two days, after I watched it turned out a lot investors try to find profits when the market has soared so that the market drops or declines sharply.

Yes, in fact the premise is that according to many investors, even the Stock Market predict that the price of BTC can reach $ 168k, and I think this goes much further. When we review the S2F model from PlanB we can realize that its first target is for $ 100k, and as it can be reached this year, however, when it reaches $ 100k it may drop suddenly, since many will sell.

I think that if it happens, and the price falls, the whales will eliminate the offer for that price range in order for BTC to continue to rise above $ 100k, in fact, it is presumed that this important movement will take place this December.
11839  Economy / Economics / Re: Do you think narcos may actually be on the 10 richest? on: October 30, 2021, 06:30:56 PM
Narcs are still selling like hotcakes, so I wouldn't really be surprised if these criminals make it up to the top of the ladder and would dare not say they don't deserve it, because it takes a lot of skill in order to climb that which I have to give to them despite the fact that they are literally breaking hundreds of laws and are ruining millions of people's lives in the process. The thing with these criminals is they make a vast network of connections that will keep them scot-free from the law and their rivals.
This reminds me of Colombian characters, like Pablo Escobar and the occasional politician from Venezuela, which, if I think they are on the list of the world's most millionaires and that they are probably involved in BTC. Many who are actually narcos and their names do not appear on a list, but due to their growing economic development they cannot hide the money in the big banks, nor in Switzerland, so the best thing for them would be BTC, in fact in Venezuela the activity mining is regulated by the government, which means they are probably very into it. In the case of Warren Buffet and some illustrious people shown on the list, since they have amassed their wealth from years ago, I would think that these people have worked hard to obtain what they have, at least Warren Buffet's books are very demonstrative.

Pablo's supposedly dead already but I wouldn't be surprised if his relatives are into bitcoin, especially if they are still into that kind of business which definitely needs some sort of security and safety against the law. not saying Bitcoin is best for criminals, but is just convenient for most people that they saw into it and had made use of such convenience and security as well. I hope the law makes them pay in the process still but until then, we can only hope and pray.

Yes, in fact they captured a drug trafficker days ago, the one who is considered after Pablo Escobar, the so-called "OTONIEL" and at the time of his capture he looked normal, he was not scared, in fact he was laughing, some say he was let the DEA capture intentionally, the motives? only they know it, but such easy captures are very rare.

In fact, yes, Pablo Escobar was killed by the DEA, these days I have been watching the Pablo Escobar series on Netflix, and the intelligence that these beings develop is really well illustrative, the way in which local and international authorities always mock.
11840  Economy / Economics / Re: Ways to avoid being scammed!!! on: October 30, 2021, 06:10:07 PM
If we are often online then we must always check the antivirus on the PC, currently there are too many malicious programs that can steal our data so antivirus updates are important, I use ESET32 and there is an automatic update service available, besides that if we open a site that related to data access such as MEW so be sure to type it manually.

You are absolutely right, in my case when I operate with the MEW I always make sure to use only what is necessary, that is why it is always good and advisable to have the funds either in Binance or if they have it in a wallet, something well protected with all the necessary security fractions, some say that it is somewhat exaggerated, but I have discovered that through cookies many hackers reach our PCs and steal our information and this is something very common, if we do not have to remember the Ransonware things that it is now the easiest way to rob any person or business entity.


We need to learn from those stories where actual people really suffer from those hackers. Having your fund safely stored in your trusted wallet is really important. In all aspect securing our money is very important, hackers are everywhere they can quickly penetrate if we give them the hint, if we put down our guards and relax with our security hackers will take all the time he has to suck our wallet or any important information that we have.

They can easily sell it out online without our knowledge. Be careful in anything that you deal with, make sure to increase your protections
by using good antivirus and extra layers for your securities.

Yes, computer security is very important, I have seen the case of several youtubers who have been victims of hacking of their MEW accounts, and I think it is due to the lack of antivirus, I think that Windows 10 does not have antivirus but a "Defender" that does that function, I do not know how the compatibility will be to install an antivirus with "Defender" active, however it would be good because the latest antivirus have the functionality of "Ransonware" protection and safe browsing through another tool of the same One of the most used is the 360 antivirus that is free and updates itself.
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