My trading journey is a rough one and it has taken me close to 2 years to get to where i am now. I'm proud to say i am a profitable trader.  It took me a number of courses and personal effort to get to where i am today. I have always wanted to ask, How many trading courses did you take to become profitable ?You can visit this thread for links to free paid courses:
https://bitcointalk.org/index.php?topic=5251361.0 Can a lots of courses make a profitable trader? Never, it may be a help but a practical knowledge and skilled are obviously required. Just think, you have purchased a book named "How to ride by cycle". You have read the book whole night several times. Can you ride the by cycle in the morning if you don't have the practical knowledge? So, besides taking trading courses, you have to gather knowledge from the successful traders how they are making profit from trade, why they face in lose and finally you have to start your trading in small volume first. Gradually you will be a successful trader. Every successful trader has his/her own personal strategy, so you should also have your personal strategy fro being a profitable trader. |
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I think so that there has a high fees for Bitcoin transaction. Bitcoin is now in a growing position. A lot of people are gradually investing in Bitcoin. Its usage and popularity are also increasing day by day. Many countries are permitting bitcoin which was restricted before. In such case, a high fees may be the hindrance of its growing path. So, it is time to reduce the high fees and give the opportunity to the new and small investors as well as miners to enter the bitcoin market.
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We see it everywhere. To counter that coronavirus disaster, governments are spending money like there's no tomorrow. Budget's deficit will rise to new heights, never seen before except during war times. In US and EU, debts are staggering. The Federal Reserve and the European Central Bank are printing money faster that I'm writing it. If you ask what's next, I'm afraid there's only one answer.
In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
Yes, it is right, most of the government have to face a deficit budget because govt. income has decreased but expenditure has increased largely for huge amount of budget for medical sector, different incentives, subsidy and tax holiday for economy etc. But the question is how the government will arrange this deficit. You are partially correct that there may be a pressure of the taxes but only tax is not the only source of income of the government. There have export/import income, VAT, tariff, different charges and fees, state owned business etc. You know countries have already started to break the locked down and coming back to the previous position. So, I think, all other govt income will increase and economy will recover its own position soon. Besides, for providing sufficient fund to the market govt is trying to give loan in lower rate, giving help to the general public, providing different incentives etc. so that the people can retain their purchasing power. In such case, there has less possibility to impose a larger tax for people. |
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I think there has a less possibility to happen another deep recession in 2020. It is right, world economy is walking in cripple because of locking down its leg. But now most of the countries are loosing its tight from the economy and economy is going to recover its own speed. So, crypto market will not face any recession and will continue to keep its full speed like now.
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It is true that if the project team doesn't become the scammer, they will pay the reward their bounty hunters sooner or later. But I think, it is not fair that the reward of bounty campaign of 2018 will be paid in 2020. It is very important to make a continuous communication with the team but when they delay a long time without pay, it hampers other projects. Sometimes, we cannot but leave them because of maintaining proper communication for the present bounties.
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Yes, to be attached with social media channels and telegram groups is very much important for the investors and bounty hunters. But it is not fair to change rules over and over. Sometimes, the bounty team change the rules so that some hunters miss the information and be deprived of the payment. So the system should be that if any rule is updated or changed, every participant or investor will get personal notification.
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This is good idea for limiting participant. If it is implemented, participants will get more payment. But is project team will really do it? I think, they will always avoid it because they are getting more promotion with the same budget. So, if there would be some rules of the forum relating to bounty program like minimum payment for every participant, specific joining time, submitting the budget to the forum authority before starting campaign etc, the scamer couldn't take the advantage and both was befitted.
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We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.
How long will it last? What's the antidote for Corona?
Still we are uncertain how this virus will stay but we are certain that this culprit has broken down our economy. It is a matter of hope that Scientists are very near to invent the vaccine but it will take a long time to reach in the whole world. Many countries are gradually loosing the the lock down and trying to recover the economy. Yes, it may some what recover the economy but corona will increase its speed and take many valuable life until the final antidote is reaching to general public. |
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The world economy is passing a crisis moment when most of the business men have locked their shutter and producers have stopped their production and there by they are losing huge profit. You should know that world's export and import have declined below 50%. So, the govt. and central banks are trying to up rise this declining economy by providing loan, incentives and subsidy etc. to the business men, producers etc. In such special moments, it is necessary of the govt. to interfere and regulate the market. All these steps are for the benefit of the free market economy, not for changing the capitalism system. I think, when this pandemic situation will over, free-market will go freely and no question will be aroused on the existence of pure capitalism.
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#PROOF OF REGISTRATION
Bitcointalk Username: azmirihaque
Telegram Username: @azmirihaque
Participated Campaigns: Facebook, Twitter, LinkedIn
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The world market and transaction are gradually converting into digital form. Banks of the whole world have already introduced different debit/credit card, internet banking, online banking, mobile banking, ATM, POS Machine etc for digital transaction. As as Digital currency, why crypto can't be used for online transaction like fiat money. The main hindered in the obligation of the government. People now invest in cryptocurrency only for making profit. So, it is not possible to avoid the banks at this moment. If the government of the countries permit it to use in all transactions, we may think cryptocurrency as the alternative for banks.
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Photo credit to CoinTelegraph Before this pandemic outbreak happens we see that the market price of the bitcoin are running toward to good market value from the month of February it takes the peak for over $10,000 which a huge amount and having warming welcome back to the market income of the coin, but in just a single month the market price of the bitcoin falls down into the month of March and reaches the value of $3,800. In some cases, there is a huge impact of the pandemic outbreak into the economy because the stock and shares falls down but the thing is the market price of the bitcoin are still going into the uptrend. Many people stated that bitcoin becomes a safe haven because it still has a good market price that is continuously pumping. Also, the use of the bitcoin has huge benefits to the whole economy if they will adopt this it may prevent the virus from spreading too. If we use the bitcoin or the cryptocurrency as a transaction we can now avoid getting outside just to transfer your funds, also we can use this for having a secured transaction, and one of the best thing we will not touch any tangible money which is dirty money can cause rapidly spreading the money. What do you think about this bitcoin adaptation? It can benefit while we are having this pandemic outbreak. You can visit these links to relate to this topic
https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/is-covid-19-the-biggest-opportunity-in-crypto-asset-trading/articleshow/75913576.cms
https://cointelegraph.com/news/cryptocurrency-and-covid-19-bitcoins-path-to-a-safe-haven
As the people are staying at home leaving their business, they are diverting their fund in such digital market. Because they can operate their investment staying at home and also make profit. As the investors and investment are growing in this platform, COVID-19 is unable to affect the market and thus the bitcoin market cycle is going up. |
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