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1261  Economy / Economics / Re: Rising inflation forces investors to look for defensive assets. on: April 24, 2022, 03:18:59 PM
The problem of inflation is probably more clearly felt recently when many items have increased in price and many of us out there still do not have a stable income to adapt well to life. It may be a bit harsh,

Lack of access to finance is why people notice and complain of inflation. If people has access they won't complain of the rate of inflation. As usual it is the poor who feel this hardship more because they lack purchasing power.

but I think the purification of each economic period makes the gap between rich and poor even more obvious.


Or I think it is the inflation growth that is continuously widening the gap between the rich and poor. The rich still manage to get access to good life even on high cost but the poor doesn't because of lack of funds, you can see the gap gets wider for this reason of inflation. The percentage rate of increase in the last two years from covid-19 (2020) is higher than before now, that is the big problem.
1262  Economy / Trading Discussion / Re: So Many Exchanges out there on: April 24, 2022, 02:31:18 PM
Honestly speaking this question is from newbie and the OP rank is already Sr Member it’s very alarming that he is a user here for more than a year without any knowledge about exchange.

This doesn't matter. There are difference here, trading is a different thing entirely and being an active poster. He is seeking an enquiry about trading and if you get through with his post history, the Op is not been active, probably one of those that got default merit  Grin haha
However for the question from OP, I don't think binance can't do what you are asking for. Start with binance as one of the popular exchange and you can get help easily when you need one. Binance is a centralized exchange but I don't think anyone complained of not getting service from order they made from profit to losses.
1263  Economy / Speculation / Re: Bitcoin dominance is key on: April 24, 2022, 11:42:37 AM
I have not heard of any bitcoin investor or altcoins investors doing an investment based on the dominance. Dominance doesn't really matter in investment of bitcoin, and the bitcoin dominance reduces with the number of altcoins whether shit coins or real coins with utility coming into the market. This is a fact to note so it is not the important key for investment. Investors basically try to catch up with bull trend for investment, IMO the trend matters alot.
1264  Economy / Trading Discussion / Re: Advice for poor people who wanna get some crypto on: April 24, 2022, 09:56:55 AM
In the past you can gain some bitcoin for free but not totally free because you also have to either take your time to work for it, use your data etc and that is through faucet. Some people got few Satoshi from faucet but you had to put your time to it. At a time too people got from giveaway.
I think you have to work for it because nothing comes freely. You need to learn a skill and then you can exchange your skill for payment in bitcoin. Apart from signature campaigns, there are different arts contest going on from different signature partners and you can apply if you have the required skill for the contest and you can easily earn your bitcoin from that. Do the work and earn bitcoin is how it goes.
1265  Alternate cryptocurrencies / Altcoin Discussion / Re: is using 2fa safe in every way on: April 23, 2022, 04:48:48 PM

can it be delayed after I use 2fa and PIN for all transactions?

Sometimes they say it is better late than being absent and there are many saying like that too, so you have to know it that if you had activated such security then you won't have such encounter. I don't know if this is hacking of your wallet that has caused a transaction that you didn't activate. And I believe you should get email before such is done your approval is required if you didn't activate 2FA .
1266  Economy / Economics / Re: Bill passed requiring drunk drivers to pay child support if they kill parents on: April 23, 2022, 03:06:18 PM
Yes it’s very interesting however they need to consider a few things first. Like if the driver is convicted, he will most likely go to jail for 5-15 years. They can’t pay child support from jail. And another issue is what if the driver is someone who is young and has no job and money. Or someone old without money.


But someone has to take responsibility for killing an innocent person because of their intentional act of getting intoxicated. That is why it is said if you are drunk don't drive and if you are driving don't drink. So if such order is violated it becomes intentional action and someone has to take responsibility for that. The policy is a good one to caution people who are fund of being drunk while driving and to cover the responsibility of the lost in the family. Anyway maybe a little more on the policy to ensure it covers all aspects.


This would obviously work out if the driver was someone rich however most people are not rich. Generally when this happens it’s usually the insurance company of the drunk driver that would cover some damages. And maybe if the father had some type of life insurance policy.

In this I think every driving license should be tied to an insurance policy for the insurance company to take care of such killing of innocent people and the people left behind.

1267  Economy / Trading Discussion / Re: I think its time to start my crypto trading lessons on: April 23, 2022, 01:30:44 PM
OP has taken a very good step to learn cryptocurrency trading and investment from the beginning and asking for books and I encourage him to focus more on the books than video at the beginning of his journey because the books are the technical aspect of all you need to be successful. After the technical knowledge then the video aspect should be followed. Beware of videos asking you for subscription for money they may be scamming you.
1268  Economy / Trading Discussion / Re: Bear market every team will pump their own coin on: April 23, 2022, 12:09:20 PM
The temporary pump shitcoins should be avoided at any cost because once the whales cash out profits from them the whole market dumps for them and you can't even sell them and they will be lying dead inside your walllets.So instead for looking at such pumps which these token owner create themselves through paid market influence DYOR and then invest your money.

Almost all coins in the market get this pump not only shit coins depending on the reason for the pump. Bitcoin can also be pumped but it takes a lot of money and influence to do that and that is why we don't see that happening all the time like it happens in shitcoins. You can have influential person like Elon musk pumping bitcoin by tweeting certain things from his handle and that also will shake the price whether bull or bear.
1269  Economy / Trading Discussion / Re: The trend is your friend if you know how to identify it)) on: April 23, 2022, 10:27:54 AM

Using multiple timeframes can bring us closer to understanding the trend, its beginning and end.

It seems to me the basic thing with which I want to understand. Could you tell us about your experience in using multi timeframes?

Especially longer time frame like weekly and monthly. They give the direction of price wave and this will happen at the long term except that there will be a news that can shift the move for sometime and after that the move continues but the risk for traders who feel very comfortable with the price directional movement and not guiding their trade with stoploss is that at the change of direction, then they begin to lose heavily.
1270  Economy / Trading Discussion / Re: The trend is your friend if you know how to identify it)) on: April 22, 2022, 09:24:56 PM

That's it. I think that is what is needed to be in position to be a good trader. At the end it's so simple, just be out there follow the news know TA and follow the trend. I think people overcomplicate it in general and made bad calls.

Sorry it is not that easy like you wrote and make it to appear, no. If it is easy then more traders will be going home more than those that are losing . Trading by every means is not easy business area and everything about it is not a guarantee to make profit. This is what traders believe especially newbies who think all about profit and they jump in to every trade and regret.
1271  Economy / Trading Discussion / Re: Traders paradise on: April 22, 2022, 06:08:46 PM
It is better for you at the early stage that you are seeing some losses so you can begin early to work it rather not when you think that you have knowledge in trading and you begin to lose money. This stage is learning stage and see your losses that way too. Your friend is showing you profit but not losses and this is what most traders do to win people over in their trade for copy trading. Don't trade with high leverage if you want to succeed in the market.
1272  Economy / Trading Discussion / Re: The trend is your friend if you know how to identify it)) on: April 22, 2022, 03:07:31 PM
For bitcoin I don't know if there is exact way to know the trend especially when halving has come and gone. The trend is usually bull when there is a halving and the whole of market expect that after few months that the price will go up and after that a correction is likewise expected. This happened during 2017 and repeated currently. So I think those are sure trend to watch out for in bitcoin.
1273  Economy / Economics / Re: What should be a good ROI for a startup? on: April 21, 2022, 05:05:51 PM

My views are around 15% per annum but it would take around 6.6 years to earn the initial amount back. Would it be a bad decision?

15% per annum is not unreasonable for an investor to aim at for the year. But I don't know how you mean by 6.6 years, you mean to get back the invested money ? How do you get to such calculation for 15% profit in 6.6 years time, you didn't take into consideration of tax, inflation etc.
1274  Economy / Economics / Re: Life is a puzzle ! on: April 21, 2022, 04:24:50 PM
Life is a game play it hard. Like is a lesson, become wise. Life is a celebration, celebrate it. Life is for love do it. Life is laughter laugh hard. Life is emotional journey, experience it. Life is in relations, have good ones. Life is pain, take away pain of others.. Life is a puzzle solve it. Live your life so as when death knocks your door, it greet you like a old lover, and when you are gone, people after you say, there lived a good wise jolly man....

Nice coordination of words and meaning to it regarding life. The ending part should be worthy of note for the living because the dead played a role that either they are remembered for good or for bad. Whatever position that we find ourselves today we need to live a life of good legacy for the people behind to emulate it. There are government officials doing good policies and some doing bad policy and taking what belongs to the general public. This one day will tell as they will be remembered for the road that they passed.
1275  Economy / Trading Discussion / Re: Copy Trading - experience and tipps on: April 21, 2022, 02:10:31 PM
It is also hard to find traders that will let you copy their original trade, because just like what you've said, they will never gonna share their strategies of making money.

This is to say that just few traders are making profit in the market. Those making profit will not activate the copy trade because they are making profit and don't need extra money from you in the form of commission for using their trade. They can make much more money from the trade that they enter than the little commission from copy trade. Therefore, those making copy trade may be using the commission to top up for their losses  Grin
1276  Economy / Trading Discussion / Re: Is Forex trades is a part of Crypto Trade? on: April 21, 2022, 10:16:47 AM
OP should know that in Forex trading not only currency pairs are traded. Gold, silver, crude oil etc are also traded and paired against fiat. So, it's not only fiat to fiat dealings. Notably, certain forex trading platforms this day now offer crypto pairs too for trading.

This is correct. Some forex trading platforms now are pairing cryptocurrency against fiat currency in trading especially with bitcoin. Like example you can have it like being paired like this, BTC/USD. This means bitcoin trading against USD dollar and btc is the base currency. This days you can simply trade cryptocurrency in a forex platform and this makes trading easier and faster because you may decide not to go to crypto exchange but stay with forex platform and the other way too.
1277  Economy / Trading Discussion / Re: Copy Trading - experience and tipps on: April 20, 2022, 03:57:47 PM
My advice never use it. The experience of my friend who uses copytrade, In the early days of copytrading my friend experienced a growing portfolio, but after a few trades, due to market movements that were not in line with what the main trader was doing, my friend suffered a considerable loss due to the risk management of the trader main ones that don't use stop losses.

Even if there is profit, we have to share the profits with the traders we copy.


This is just the disadvantage of copy trading because if the main trader falls every other person that is following goes down too and this keeps happening. Trading is not easy and very few traders make profit from it so I won't follow copy trading since profit isn't guarantee for profit. I would instead try to learn gradually by myself to master one or two ways to make little profit.
1278  Economy / Economics / Re: IMF: War Dims Global Economic Outlook as Inflation Accelerates on: April 20, 2022, 02:50:06 PM

As inflation looks to be the worse cause of all this global growth reduction, there might be a new opportunity for bitcoin.


I think there is some sense in this, since the creation of bitcoin the world has hardly gone into a serious recession even with covid-19 pendamic that changed the focus of many government policies to only health sector and trying to safe lives but with little or no attention to production while there was heavy expenditure than income for nearly two years and yet at this time was the time bitcoin got to its highest level for now. This can be a good reason to say bitcoin may be a safe area of investment rather than fiat that is always inflation risen. Therefore bitcoin may be the new opportunity for investment.
1279  Alternate cryptocurrencies / Altcoin Discussion / Re: Why the hate on XRP on: April 20, 2022, 01:03:37 PM
You are right that ripple have lots of haters maybe more than other altcoins and bitcoin have. Bitcoin have been criticized alot of times and maybe would have been hated more above all coins because it is the first coin that was called bubble, if not that it is decentralised. So ripple among other allegation is centralised and have been criticized for denying so much allegation including being a security coin. It has been alleged for manipulation also.
1280  Economy / Trading Discussion / Re: TA or FA which is a better choice for market speculation. on: April 20, 2022, 10:17:08 AM
By no means will I prefer fundamental analysis of the aspect of trading to technical analysis of the aspect of trading. This is clearer with market speculation when you use technical. The technical indicators when watched closely are very good to speculate the future occurrence of the market but fundamental is not really giving the required gradual movement of price because it is more in news that push up or draw back the price raising unnecessary panic, fear and sentiment that is not sustainable. Technical aspect of the market is gradually fulfilling the market sentiment.
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