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1341  Economy / Economics / Re: Use your money wisely. Invest or Deposit ? on: December 21, 2022, 01:56:30 PM
Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?
Let's be frank OP you'll definitely invest in Bitcoin if given such opportunity to do so because everyone wants incredibly amazing return in their investments and that is one thing crypto does and that is why most people dive into the space and industry and it's begining to thrive.
I personally will invest 50% of the money in Bitcoin and the other 25% in Ethereum and with this two, I wouldn't have to bother so much and the the other $25 to seek other promising alt coins but will be doing the last very carefully
1342  Economy / Trading Discussion / Re: Demo Account, Should Not Be Related To A Real Account on: December 20, 2022, 03:18:18 PM
Most times, people trade demo accounts and do that very well after a long while of consistency trading virtual currency with consciousness of not losing anything and the ability to refund upto $10,000 if trading capital is exhausted and when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts

Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully

Let me answer this questions sequentially with the few knowledge I have and I hope I help some few persons too
Firstly, people shouldn't relates demo accounts to that of the real account because the demo account is just an account with merely virtual funds which the trader knows that he has nothing to lose from his end  and with so doing, there are possibilities of trading with comfort and focus, but when one starts trading with real account with has to do with real money from ones pocket, then there are usually great zeal to make profit at all cost and I leads to over leveraging and possible blowing of trading account.
People still start making losses on real accounts after long time trading demo successfully because the mindset has been changed and people wound to make huge profit in tye shortest possible time.
1343  Other / Beginners & Help / Re: Am I right or wrong on: December 15, 2022, 04:08:58 AM
There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?
Definitely people and government will join the moving train and one thing is certain that government will never take down Bitcoin but rather join us in the future.
I'm very new over here and hope I'm welcomed.
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