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That is true, the middle class are the ones that contributes the most to the economy. While we're not ignoring what the rich people does, generating jobs and giving employment to the other people.
But they have ways to minimize their taxes. Whilst for the average and middle class people, they have no means to do that.
And what they do is work work work until they get tired and exhausted realizing how much they have contributed to the total economy of our countries.
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The development of artificial intelligence, virtual technology and ChatGPT will surely replace most jobs in the near future. Which positions do you think have development prospects in this environment?
The education sector. It is what the attention needed to be focused on because, it is about the next generation. Many of them are going to be lazy answering homeworks and activities. Why? Because they'll just ask it to be answered by the chatgpt or any AI tool. But I hope that learning will be reinvented in a manner that it has adopted the modern technology but not sacrificing too much from the traditional setup. |
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In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.
Having right knowledge isn't enough. There's more to it when you've discovered how the actual trading goes to work. You have the basic knowledge and refining it still won't be enough to be honest. You need to be better in most of your decisions and actions because of how quick this market goes, you might miss a lot of money or get to lose a lot in split seconds because of poor decision making. You can be good in TA, FA, etc but when you're slow as a turtle in executing it, it doesn't make sense. But I think that having the right knowledge will increase your confidence, which means that you can now decide more quicker but maybe you are still right that it is not enough because we might also need a luck as the market can still moves randomly sometimes. Now if we don't have it, this is where we can lose quickly but as long as we are minimizing our volumes, we still have something left and we can use them to possibly recover and back on the profiting side again. Other than luck, we also need to be good at controlling our emotions because I think that having a good knowledge is separated to it, or having a good knowledge can also make us over-confident and greedy. I am not saying that it is not going to increase your confidence but I'd say that it is not enough. It's good to have the right knowledge but it's about the final decision with your trades. That's why it is what traders have to think of when they have the background already. It's not about how quick you are to decide but it is about on how good you are in making decisions. |
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Welcome back.
It's not cowardice when you can't go back. Maybe you have other important things to do during that time and that's why all you need to do is to take time before you come back.
But now that you are here, enjoy your coming back.
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With only the PGL Wallachia matches scheduled for today, here's my parlay (@2.62) for the next two series. Playing it safe with Team Liquid ML, they should beat the weakest EU team in this tournament within two maps, but you never know with Team Liquid's experimental drafts. Then the value pick on Team Secret because VP isn't performing any better and their odds might've been inflated after that 2-0 sweep against Heroic.  Good luck. Team Liquid already took the first map. The 2nd map is in and it seems that this is a close fight as I am watching it right now. Both teams are in danger of getting eliminated for this group stages and rounds. That's why they badly need to fight for it as they have no choice if they want to continue. |
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So in essence in gambling one is not only advised to take the amount of risk they can afford, but you must also have the ability to start at the right time if you don't want to end up with a lot of regrets.
And as what the reminder says, get some sleep. Don't gamble when you're tired, when you're drunk or whatever makes your emotion too high. That's not going to give you best experience as you gamble if ever you lose. That's our reason when we gamble and we lose, we're there to have fun. But if you can't even get to maximize that, you're easily losing your money without any return even for joy. |
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In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.
Having right knowledge isn't enough. There's more to it when you've discovered how the actual trading goes to work. You have the basic knowledge and refining it still won't be enough to be honest. You need to be better in most of your decisions and actions because of how quick this market goes, you might miss a lot of money or get to lose a lot in split seconds because of poor decision making. You can be good in TA, FA, etc but when you're slow as a turtle in executing it, it doesn't make sense. |
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Going to regular school and gaining knowledge there is just the basic. The advance is roaming around the world and learning with real experience.
The job market is competitive and you need to increase your knowledge and skills that you have. It's not enough to survive or it's just bare enough when you've got the basic.
Even the best people are continuing to learn because that's what it should be in order to survive and get along with the new trend in the job market and industries.
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I can't even remember my bets from last day so I don't even want to start a spreadsheet as that will most likely drive me crazy haha with my pathetic choices + I don't really like to keep notes about my bets but I do like to track some certain teams in order to avoid them or to place bets on them. Per example , tonight in NHL , I don't think Hurricanes will go down 0-4 as they were favorites to win this NHL Stanley Cup.
I dont want to see my losses and that is why I do not record any of them. I organize thinga but I do not want someone to see something that I leave on track that might have seen by my any relative. You know family matters, it is always an issue if someone is a gambler. Always have been a negative impression. |
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I don't know whether we consider money as a wealth or not, but money is something that all people need. Money is everything in today's world to live properly and live comfortably. A man who has no money understands the meaning of money.
Wealth can be described differently by each of us. But most likely it is about related to financial matters and assets. I agree with you that money can never buy happiness but if you don't have money your loved ones will not look after you and even your wife will leave you.
I beg to disagree. Having no money wont make you happy so that means that having money can make you happy. If you have nothing to eat because you have no money, that won't make you happy and together with your family, it doesnt make sense if people still believe that quote. |
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Everyone who suggests something to someone else of course has a good understanding of what they are saying and after we give them advice then it is their choice whether they want to accept it or not, this is their choice.
I agree with you, of course it would be better if we could avoid those who think that what we suggest to them is not very useful for them and we can let them learn it on their own until they can realize that what they did was wrong so that they regret it.
Just do not be too open and talkative in front of anyone. Because not everyone is going to appreciate the tips that you are going to tell them. If you have a lot of ideas and experiences to tell, do not be too vocal because not everyone is willing to take those. They will hear you out but they are not going to be attentive. |
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If you do not have a lot of money to invest, you better i vest to BTC only. Diversifying with too many altcoins will scatter your money and if you are not familiar about it.
That is why it is a better strategy to stayto BTC before you invest to altcoins.
DCA or lumpsum, whichever is light and comfortable to you, choose what is ideal to you.
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So far, it's only with my parents and I can probably call it a success because they've already turned a 3x of profit because I convinced them to buy a small amount of satoshi to jumpstart their desire to invest into something, they did gave me about $200 to buy and I just did a one and done buy with bitcoin at around 23k if I recall correctly, fast forward to the time that the price peaked to an all-time high and I sold their investment and they were so happy that their mere $200 turned into $600 with just a little patience, taught them now the basics of investing in bitcoin and made them an account in ByBit, now they're doing the investing on their own, I did tell them that they shouldn't trade with their bitcoins though, they're better off hodling and accumulating that bitcoin and then selling it when the price goes higher than when they've initially bought their bitcoin.
That is nice to hear because not every parent is open to these kinds of investments. Most of them are traditional investors and are not willing to explore into new invesments like Bitcoin. I guess everyone who has had enough with their friends and relatives that they are not interested on it dont want to talk about it anymore even if someone starts to ask them genuinely about it. |
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Is it just me? Labelling it with such system makes it sound like a scam that we usually see on the web.
However, it is true that it all comes with a strategy or you call it a system.
There have been too many traders that think trading is an easy thing and profitable without having solid foundation and knowledge.
But little did the know, they have to go through extreme losses before understanding the profitable strategy that they will come up with.
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I do random things on it, I have got in the past that I am still holding. If I need fiat, I exchange it in fiat.
As for altcoins, I do exchange a few of it but not that much a lot anymore.
So to me, it is random whatever I want to do it. I have holdings in BTC but not a fan of too much diversification in many altcoins.
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And then i'll keep doing DCA buying every day 10$-20$ for each coin.
That sounds a plan but isn't this kind of DCA is going to be costly for you because of the fees that you'll be charged when you do it on a daily basis? By the time by doing this and when bull market start i'll be in profit after one year 5x-10x possible.
Just as what the others are saying, do not time the market. Yes, we've got some plans but whenever you are in a position of being profitable, you take what you have to take. That's how it goes so as you DCA into buying, you should DCA as well when you're in profit. |
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Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?
If you are for the long term, both trading and investing can work to anybody. But know that it's not for all so, if trading doesn't work for you. It's either you keep on testing strategies and gain more experience. Or, you change your path and become an investor which in my experience have been more profitable than doing swing trades for years. Being a holder of BTC is easy and means a lot to me and that's why this strategy is also being told by the others. So, since you're already here might as well try to be a holder of Bitcoin. |
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Can we assume that there will be a zero interest rate policy again in the future? I am 19 years old, am doing my IT training and would like to invest in real estate afterwards, but the costs would otherwise be too high.
I don't think so. The real estate market is where the government and the banks are earning a lot of money in the long run. But possibly, there can be some scenarios that will be in favor of what you're thinking but I don't know how it can be. They can lower the interest rates but I doubt it that it is going to be zero interest rates. Or maybe some incentives that they can give for a few months but not entirely going to the pit to zero. |
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And I agree with your opinion that we should only gamble with small money because it is a safe way so that we don't regret it if we lose and lose our money easily and quickly.
Even with small amount when we gamble, there's the regret afterwards. You'd feel that when you don't gamble at all times. But when that money of yours came from something that you've worked hard, you will have sometime before you move on. The better thing with that is, yes it's small and you can afford that to lose. Just as a heartbreaking story, even with small amounts, you'd also feel especially if you're living economically challenged. That is the risk in gambling and we as gamblers must be able to accept it, both small risks and large risks and regarding regret as a result of losing the money we have, I think that is normal and certainly all gamblers already know that and perhaps some have experienced it. However, back to each individual gambler, if they are experienced gamblers, losing money is a normal thing and they will not worry about this because they already understand the risks in playing gambling in the future, but for beginner gamblers they lose. With just a little money, they will definitely be shocked and not used to it, but slowly the novice gambler will get carried away as has been experienced by other gamblers. Yeah, pretty normal when you are seeing that money go. But that's the reality in gambling, sometimes we good and win but mostly we don't so, acceptance is the key when we are doing it. And even if we have the aim to double our money, it won't happen at most times. So for those with that goal from day to day, lessen your goal as long as it's still profit because doubling or at least half of it nowadays is hard to achieve. |
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And I agree with your opinion that we should only gamble with small money because it is a safe way so that we don't regret it if we lose and lose our money easily and quickly.
Even with small amount when we gamble, there's the regret afterwards. You'd feel that when you don't gamble at all times. But when that money of yours came from something that you've worked hard, you will have sometime before you move on. The better thing with that is, yes it's small and you can afford that to lose. Just as a heartbreaking story, even with small amounts, you'd also feel especially if you're living economically challenged. I think there is no better approach to gambling than just risking a small amount, but if you still feel regretful even if you only risk a small amount then that means you better not gamble at all, or I mean you better avoid gambling completely, because if you don't engage in gambling then you won't lose anything even with a small amount, but basically such an approach is only recommended for gamblers who still insist on engaging in gambling, then yes obviously allocating a small amount with limiting the time of involvement is the best approach. However gambling is always a high risk activity especially if you have the wrong approach, like some people who end up addicted. Therefore to minimize the amount of losses that are too significant then obviously whoever you are and no matter how rich you are still you should put a small amount or an amount that you can afford to lose, because the casino will not care about your financial background, which means that even if you are very rich but if you treat gambling in the wrong way then in the end you will end up poor in no time. There are times that even with small amounts, we feel something on it. It seems that we can't let it go because we've worked hard for it. You'll just realize it later on that even with the slightest amount that you're allotting to gamble, there's the hard feeling because you didn't win, you lose. The understanding is there about the sides of gambling and the potential outcome of it but, as we always remind everyone. Still, gamble only with what you can afford to lose either big or small amount. |
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