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121  Economy / Economics / Re: USA: 50 years since the beginning of the oil embargo on: November 21, 2023, 06:18:38 PM
Nations have no friends.
Some said once, I guess Winston Churchill was that. And its true. 

Quote
No nation has friends only interests. _Charles de Gaulle

This term is true in global politics. Nations don't have any internal allies or friends. Their agreement and cooperation are only based on their interests. No nation will give another nation something without any interest no matter how close a relationship they have. The sole purpose of a nation is to seek help or provide aid in any emergency because they also expect the same when they face similar scenarios.

PS The basis is the Israeli-Emirati peace treaty, also the Abrahamic Treaty, - a treaty on normalization of relations between the State of Israel and the United Arab Emirates, signed on September 15, 2020. The UAE chooses development and the rules of the civilized world.

Yeah the development comes from supporting a country that is responsible for the deaths of thousands of children. What Israel is doing has been ignored by the West. Occupying west bank and murdering children is also a terrorism act. Hamas is not the only one doing the terrorism acts in this region.
122  Economy / Economics / Re: Is stagflatiotn upcoming? on: November 21, 2023, 05:55:35 PM
Stagflation is worse in certain countries than others. For example in Canada we have it much worse that the USA.

We got bad GDP growth, we got bad inflation, food and housing is unaffordable, and our unemployment has been rising slowly since last May, basically the rate has increased almost every month. And I am sure there are other countries that have it just as bad.

USA however is not one of them. USA has good GDP currently and their unemployment rate is very low. However all of that can quickly change if something bad happens in the economy.

What i am doing can be a good example of this. We are losing our currency value against USD, food prices are skyrocketing, the unemployment rate is at its peak, the market is controlled by syndicates, and loan defaults are a common practice among the commercial banking sectors. Our government shows made up statistics publicly to cover up the worst situation. I am not seeing anything good happening in our country very soon as the political tension is rising very fast. 
123  Economy / Economics / Re: #HODLing is not a smooth journey on: November 21, 2023, 05:49:39 PM
What is your view on #Hodling Guys?

Indeed, HOLDLing onto your crypto assets for long term is like driving on a bumpy road to success. The path is far from smooth and filled with twists and turns, that challenge the patience and resolve of investors consistently. The key lies in your unwavering belief in crypto currencies, trusting that they have the future and hold potential to transform lives of those who steadily retain their digital assets throughout this challenging journey.

It depends on what you are holding for the long term. This is true for assets like bitcoin and ETH mostly. If you are planning to hold any other altcoin then you should keep in mind that most of the altcoins that have already performed very well in the previous bull season can usually not repeat the same in the next one. We have very few consistent performers in the altcoin market and most of them failed to outperform their previous seasons performances. So for long term holding we do not have too many options out their but if you are planning to do it until the upcoming bull season then pick a new project that has strong backing and narratives in the market.
124  Economy / Trading Discussion / Re: Bitcoin and War Crimes? on: November 21, 2023, 05:43:54 PM
Bitcoin is not a stock market as it is not issued by any companies. This is an asset that can be traded in the open market like gold and silver which can not be done with a stock. Bitcoin can be used for funding wars, and this is actually a positive thing for bitcoin. Same this can be done with gold and silver too as someone can donate 1 ton of gold or silver to a war effort. What do you say about it? All these are available in the open market and there isn't much of a war effect on any of these assets.

Wars affect financially and mentally, especially if the person is caught in the middle.

What is affected however is the lives and the prices of everything since the gas prices are also rocketing which in effect some Bitcoin holders are shaken out and sell.
With the war in Ukraine, I bet the Bitcoin holders in that country are already under 6 feet due to the conscription. The Palestinian Bitcoin holders probably are also selling already just so they can buy a bottle of water.

It is true that it is good that you have something in hand that can be traded even in wartime. We all know how a country's fiat currencies lose their value if that country is in the middle of a war. Holding bitcoin at a time like this can help people exchange their bitcoin for goods and services even in places like those. For those who want to use bitcoin only to store wealth this can be disheartening for them to sell their bitcoin but if your wealth is of no use in a emergency situation what is the point of having them.
125  Economy / Trading Discussion / Re: Let's share some tips among ourselves. on: November 21, 2023, 05:39:15 PM
I prefer to do DCA when the market is in a downtrend. I tried to buy every dip possible and kept doing this till the coin flipped. If you want to keep my profit booking strategy, then it totally depends on the bitcoin market. As soon as i got confident that bitcoin is at its peak for this bull season it was time to start booking in altcoin too. This is the time when most of the altcoins start pumping and start making new ATH.

Altcoins? Not too bad but you know how manipulative altcoin can be especially when the market is greenish and majority of them will dance to rally around with bitcoin and dump suddenly. I know you might already have a coin in mind but you need to be extra careful especially with the coins in which the team behind the project is anonymous or not very transparent about their identities. Altcoins are some time very good to make profit with but the risk is so high.

Every time, it's not the team that manipulates the market. Whales also do this and Luna can be the best example of this. The tokenomics model they followed was so bad that it scrawled their whole market and their investors lost billions of dollars. I can still remember those events and how everything happened so fast, even though I lost almost my entire portfolio at that time. That is the reason i don't put all the eggs in a single basket any more. I tried to diversify to minimize the risk. I am just trying to invest narratively, which means there will be an allocation for different types of cryptographic narrative tokens.
126  Other / Beginners & Help / Re: Things to avoid as a beginner on: November 21, 2023, 03:33:36 PM
~snip~

Op said that new members should not burst posting but they should not make any posts until they need to. A new member should read more to gather knowledge about the forum and the topic he is interested in. This forum is for sharing knowledge with one another but in most cases newbies who don't have any knowledge about the topic still try to create one either by taking information from google or by sharing misleading information. Most of the newbies won't follow this as a large number of them are here to join the signature campaign and some of the new accounts are alts of higher-ranking members.
127  Economy / Trading Discussion / Re: Let's share some tips among ourselves. on: November 21, 2023, 03:08:17 PM
However,  investing in altcoin market when the some altcoins start to pump is good but it's best when there's correction.

My approach to the altcoin market is different because i think if an altcoin starts pumping then we are already late to invest and investing in an altcoin when it is making corrections can also be risky because some altcoin markets are so manipulative that the team controls the market by dumping their own token so it can go down for a very long time. This has happened to me before so i know the pain. IMO the best time to invest in an altcoin is when it is moving sideways. This is an indication that the early investors are out of the market and there isn't any sell pressure on it. If you are looking for a long term investment plan for that altcoin this is the perfect time for you to accumulate.
128  Economy / Trading Discussion / Re: Bitcoin and War Crimes? on: November 21, 2023, 03:02:22 PM
Bitcoin is not a stock market as it is not issued by any companies. This is an asset that can be traded in the open market like gold and silver which can not be done with a stock. Bitcoin can be used for funding wars, and this is actually a positive thing for bitcoin. Same this can be done with gold and silver too as someone can donate 1 ton of gold or silver to a war effort. What do you say about it? All these are available in the open market and there isn't much of a war effect on any of these assets.
129  Economy / Trading Discussion / Re: The Path to Profit: A Trader's Emotion & Terminologies Everyone should Know on: November 21, 2023, 02:06:35 PM
Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.

What do you think about trading say it recklessly. Not limiting the way of answer answer in the terminology of emotion, in your experience in whatever way you can.

The only reason for creating this topic is I was having a random debate on trading with some fellows and they taunted me by saying What is trading? Just Buy, Sell, and book profit that it. Actually, I just wanted to let them know about the depth of trading because they were just familiar with the few terms in trading. How far my newbie fellows know I'm not sure but here is a list, so if you encounter such debates I want my fellows to defend it by letting them know about its depth. Some people just comments its gambling and blah blah


This list you have provided can complete a trading book if you are writing one. If a newbie sees this he will turn away from trading at the very beginning. It is true that trading is not only buy, sell and book profit but a combination of money management, market analysis and action. Only one can make you a successful trader. For example, if you are trying to make a profit you need to manage your funds in the least risky way possible so that one bad trade can not eat up the profit of your 10 good ones. This is important because the fewer bad trades you take the more profit you can generate. On the other hand if you have a good money management strategy but cannot do market analysis, you will pick a bad entry point or have will have hard time getting a perfect entry point for your trade. The same thing applies with action. You have good money management strategies and market analysis skills but you fear trading. This will also make you incapable of trading.
130  Economy / Trading Discussion / Re: Let's share some tips among ourselves. on: November 21, 2023, 01:52:01 PM
I prefer to do DCA when the market is in a downtrend. I tried to buy every dip possible and kept doing this till the coin flipped. If you want to keep my profit booking strategy, then it totally depends on the bitcoin market. As soon as i got confident that bitcoin is at its peak for this bull season it was time to start booking in altcoin too. This is the time when most of the altcoins start pumping and start making new ATH.

What criteria do you use when buying and selling? Let's share some tips and expertise.


For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.


Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.

There is another point that I want to add in terms of investing. A project needs to survive at least one bear season to be qualified to be considered in the safe to invest category. 
131  Economy / Trading Discussion / Re: What’s your portfolio building strategy for crypto? on: November 21, 2023, 01:02:59 PM
Guys, I’d really like to know how you built your crypto portfolio? I’m a seasoned crypto investor myself (not to mention an entrepreneur) and this is just that time of the year when I ask other crypto investors about their strategies. My Strategy is centered around using AI to analyze data and trends of the current market and then rebalancing my portfolio based on my findings. What are you all doing/have done to build your portfolio?

So now AI can analyze the data to predict the future. IMO it can be really dangerous as if AI analyzes the data of Shiba INU or PEPE and suggests you buy that token for the long term then how will you react? In the past these two projects have shown amazing growth but I don't think they have a bright future. So be careful when using robots to predict the future because i think there are still some sectors where human brains can outperform AI.

My strategy is simple, keep buying every dip and repeating this process till the bull run starts. I also tried to keep some assets in altcoin based on their narratives. If I am investing in an AI or GameFI project then I will pick the top two from those categories and invest an small amount in each.
132  Economy / Economics / Re: When Was the Last Time you Came Across a Positive Economic News? on: November 21, 2023, 12:32:55 PM
I find myself pretty bothered by everything going on in the world. Have you ever noticed how it's so hard to come across positive news about the economy, whether it's in our own country or globally? It's genuinely disheartening. Every time we read, watch, or discuss something related to the economy, it's all about inflation, recession, debt, bankruptcy, companies downsizing, laying off hundreds of workers, shareholders firing CEOs, and the company's stock taking a nosedive. Can't we just catch a break and have some good economic news for once?

It can be negative news for most people but there are people who will take it as a positive one. When food prices increase, those who buy food from the local market get worried because they have to pay a higher price than before but those who grow it and the middle man who sells it to consumers are happy because they are making more profit. When people started screaming about a correction in bitcoin I was surprised because the market gave us a chance to accumulate more bitcoin at a cheap price. We should be happy about it, but instead we start screaming and say the time for bitcoin is up.

In a time of recession people started selling their assets for cheap due to their emergency need and I think this is a perfect time to get rich. Buy those assets at a discount price and hold them for few years till the economy gets better. 
133  Economy / Economics / Re: Life is cheaper with Bitcoin and cryptocurrencies in general on: November 21, 2023, 12:24:45 PM
I don't know about you guys, but for me, I have discovered that the longer one save in fiat, that is, hold fiat, the more life gets expensive, this is because fiat is known to lose value overtime for several reasons, when fiat loses value, they lose purchasing power, goods and services become more expensive, which in turn makes life more expensive.

Fiat loses its value due to inflation and crypto loses its value for market correction. Why are you comparing these two in this way? Bitcoin is one of the assets that can save your wealth from losing its value so it is a perfect example of a asset that can overcome inflation but it also has risks associated with it. Your daily life needs assets that you can burn to fulfill your needs so in this case, fiat is perfect as it can not lose 25% of its value over night which can happen if you are holding bitcoin. For everyday transactions, fiat is good but if you are planning to save your wealth for the long term then saving your fiat currencies in the bank is a very poor choice as bank interest can be lower than inflation sometimes. Your fiat will lose its value over a long period of time if you keep it in your savings account in a bank. In this case buying bitcoin and keeping it in your custody can help you save your wealth from losing its value. 
134  Economy / Economics / Re: this makes a huge impact on the economy. on: November 21, 2023, 12:05:39 PM
I noticed majority of the people in my area tend to spend more money then usual when they get their salary, like buying things they don't really need.
I said majority of people because my dad owns a grocery store, I have noticed that most of the customers tend to buy more stuff on the 1st and 10th day of the month because on these days they get paid in my country.
I already seeing this pattern on news or business related youtube videos, but I didn't think it was a big deal.
Now I realized that its very important to consider this behavior of people when making business decisions because it can have a big impact on the sales or finances.
I am surprised by it because in my family we usually buy only things we really need, I am starting to understand how other people's spending habits can affect the business.

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

I don't think they always have something that they don't need. If you are saying this only because they were buying luxurious things then it is normal for most people to act like this when they get their salary. People do this because of their lack of financial knowledge or because they don't care to change their financial status. Sometimes people bring something that only brings liabilities but they still want to buy it because they want comfort in their lives.

I usually try to manage my monthly expenses in such a way that i have some money left at the end of the month to invest in stocks or crypto. Most of the time the amount is very small so I use three or four months of savings to buy an asset.
135  Economy / Economics / Re: when the rich say 'ill give 95% of my billion away over my lifetime' explained on: November 20, 2023, 08:39:29 PM
when the rich say 'ill give 95% of my billion away over my lifetime' they do not mean if they have $1b today they will be at $50m at death. what they actually mean is:

they have $1b in a bank account at 6% interest
meaning it earns $60m a year.
they give just $50m yearly interest away for the next 19 years ... (totalling the $950m pledge)
yet keeping the $1b lump plus earning $10m of personal spending per year

also the % interest is usually more than 6% but they only give 5% to meet their humanitarian/altruistic hustle pledge

enjoy that thought next time the rich try to make it sound like they are going to give up their wealth for humanity.. because reality is they are not.

I didn't think about it this way. If rich people are actually doing this it's still a great help for people who need it. 50 million can be a small amount compared to 1 billion for that person but how many rich people would have done something like that? What most of them do is spread business and give motivational speeches on podcasts and tv shows. 

By the way, what is the percentage of people who have wealth greater than this and want to donate from its interest? I guess not so many and to be honest i didn't heard any billionaires say something like this before. I know they donate a percent of their wealth to charitable organizations, but all of them don't want to publicize it.
136  Economy / Trading Discussion / Re: How did you overcome the hurdles and gain confidence to trade as a Newbie? on: November 20, 2023, 08:21:53 PM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

A newbie always looks for ways to do successful trade but they need to understand that you need to learn how to manage your risk first. Your gains from 10 trades can be lost with one single bad trade. To overcome these hurdles you need to first build a money management strategy that you can use for trading. Your strategy won't be perfect at first but it will be developed over time You need to have at least a money management strategy that will give you confidence that your losses can climb up to a certain percent. Your balance will not go down to zero if you follow your money management strategy.
137  Economy / Trading Discussion / Re: Best exchange to start trading? on: November 20, 2023, 08:14:56 PM
Up until now I have been just buying and patiently waiting for the bull run but in the last week I have seen 2 altcoins I was interested in pump up 40% in less than 24 hours so want to try make some money and give trading a go.

What is the best site for this in the UK?

I am only going to start with $200 roughly to see what I can turn it into over the next few weeks and months as the market is starting to get very volatile so could be good opportunity to make some extra money which would then mean I can invest more into my long term plays.

Use any exchange that has most of the volume and trading pairs. If you are planning to use an exchange from the UK then kraken can be a good exchange for you as it has a trading pair with EUR. Binance can also be used as it has most of the tokens listed on the market.

About those 2 altcoins you have seen pumping 40% in 24 hours is normal in this current situation. We are currently in a mini altseason and many projects have already pumped multiple times and are still pumping. Don't be fooled by seeing this price surge as all these will make a correction more than it pumped over night if BTC falls towards 20k. At first understand the nature of the crypto market before you risk your hard earned money by trading crypto.
138  Economy / Trading Discussion / Re: Copy Trading - experience and tipps on: November 20, 2023, 07:59:18 PM
Copy trading can be profitable but you need to understand that someone else will be in charge of your funds so it can go both ways. According to my understanding, I prefer to determine whether the person I want to copy is aware of what he is doing. It can be done by watching his YouTube videos or by directly talking with him. This will give me more confidence that the person i am copying for trade is a knowledgeable one in this sector so if anything goes wrong i was just unlucky and that person is not to blame. It is not possible for any trader to have a 100% successful trade.
139  Economy / Trading Discussion / Re: Do you pay for signals? And how much ? on: November 20, 2023, 07:48:50 PM
Dlyou pay for signals? And how much ?
What's your monthly expenses for trading signals? Yearly?
I don't pay but i read alot people pay for signals so how good results If this ?

The customers of all these signal groups are mostly new traders who fear taking entry with their own judgment. They think a signal group can help them generate profits for them but they don't think if someone is that good at trading then he needs to sell his signal in a private community. He has already made millions of dollars with his highly valued analysis. All these groups are a form of scam as their owners charge dollars for monthly subscriptions and use small altcoins that can be moved by a small community. When they post a signal in their community it pumps for few hours and they show that as evidence of their successful trade.
140  Economy / Economics / Re: Is the fall of Elon Musk's empire imminent? on: November 20, 2023, 07:30:28 PM
I don't think he cares about creating an empire. The only thing that matters to him is profit. Also keep in mind that he is also the CEO of spaceX which is another big foothold for him that helped him secure the loan.

What are your thoughts on this? Is Musk about to lose it all?

From all this year what i have learned about Mask is that he is a cunning businessman. He knows how to turn the table and he likes to do that publicly. The loan default you are talking about can backfire on him but the initiative he took can take twitter to a place that no other social media can reach. His idea of creating Twitter or X as a financial hub of the world can give him control over a large community. This will also boost that platform's financial revenue stream. The cut in unnecessary expenses on twitter was a warning to other employees that if you are not competitive enough, you can be fired.
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