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161  Economy / Trading Discussion / Re: Where could i learn about trading? on: July 21, 2020, 10:01:03 PM
I rarely go to Youtube to watch trading lessons because it's not enough for me. In my opinion, it is best to study at Tradingview because this website will give you an overview of what is happening in the current market.

Of course, only follow those who have an accurate prediction rate because they are experts in market analysis and will help you greatly improve.
I would suggest anyone who wants to learn trading that forget about getting market signals and such shits because if you really want to learn just find ways how to read the market rather than expecting others to do it for you because most of them are wrong and if some of them are right then you need to pay fees and you are literally learning nothing for yourself and you are only earning.

Just learn the art of reading charts, comparing various drops and how the market reacts to the drops and how sharply the market follows the rise in price and what panic selling is and how to avoid it.
162  Economy / Trading Discussion / Re: Is there any way to out of this insecurity? on: July 21, 2020, 08:20:53 PM
Don't expect all cryptocurrency exchange to be same when it come to it security, some had the money to use while others don't. Mostly, the exchange we should be afraid of are the new cryptocurrency exchange and not some old exchange that has good reputations when talk about security. The likes of Binance and other good exchange should be embrace and use.

The problem occurs with emails mainly in my opinion as people are sent lucrative offers via emails and those who are new clicks on it to go into the world of hackers where they will ask you to login and you are basically giving away your money and account to them.

The root of the problem is how the hackers are getting your email id and that is via airdrops and various other sources so just make sure the email you use for exchanges and accounts you never use the same emails for airdrops and other activities.

You need to safeguard your money and no one else is going to do it for you, so be smart and firstly, don't make your email known to hackers and if even somehow they do, make sure you check the web address thrice before putting data.
163  Economy / Trading Discussion / Re: Trading is based on probability. on: July 21, 2020, 06:43:16 PM
This really doesn't make any sense, you can't know what the probable outcome is for something you're trading.  You're making educated guesstimates, however.  Knowing the fundamentals and technicals is key but at the end up the day it's all a guess.
Probable outcome will fall into only two results which are profit and loss. There is nothing more, they are worrying about the outcome of trading. This is the reason people do call it based on probability. Probabilities is pure mathematics hence there will be no any of malfunctioning to be hidden here.

I couldn't get what are the differences between guess-work and probability; in some sense both the dealing about same thing as the outcome is unpredictable but based on some mathematics which could be known only later on. This is how exactly trading is working and we need to put our guess-works to make profits and there will be no guarantee for making profits all the times. So, the concepts of probability is perfectly fitting here.
164  Economy / Trading Discussion / Re: Trading, gambling and binary options. Which one you prefer? on: July 21, 2020, 04:05:46 PM
you are betting on an outcome with binary options as you would betting on an event at a casino.
This is one of the simple reason why people are still comparing gambling with trading. But in my experience after gaining lots of knowledge on these two, I must say these two are completely different thing and we must need different approaches in order to find success in respective field. If you try in one by assuming like another one then definitely you will face big disasters at the end of the day.

After many days of experiment, I have decided to try only  trading and a leaving off all other things because in my experience, gambling is not meant for money making but trading is purely designed to find opportunities to make big profits out of small capital. But, trading requires a typical approach and if you are failing to give that then trading will become gambling which means no big differences in the results (given that in gambling house will always win).
165  Economy / Economics / Re: The unfortunate event that is Quarantine. on: July 21, 2020, 09:25:42 AM
This is really unfortunate event in our life, we lose so much in just a couple of months,

However, we can also see that after this quarantine, even with implementing the health protocol, the numbers of infected people still do increase. It is just a matter of choosing between getting quarantine but with limited foods or getting outside to work but the chances of getting infected not only you but also your family are really high.
I am not sure how long we can be locked in because this is never going to stop unless a vaccine is made or a hypothetical situation where everyone has been tested and treated these are the only two ways of stopping corona virus and while vaccine are being worked upon there is still no proper word on it worldwide. You cannot lock people down for undefined number of days when you don't have a solution. I think if they allow people to work and move but only if they make it compulsory for all the offices/workers to be sanitized after every couple of hours that would be the ideal solution.

I am still not sure what locking down people is achieving because this is like a very temporary and high-cost idea and the longer you implement this the deeper the economy will go into the hole.
166  Economy / Economics / Re: Very strange most people like to buy with bitcoin , but using altcoins very few on: July 21, 2020, 08:35:07 AM
Most altcoins have no practical use beyond buying / selling. We are still not at the technological level where cryptocurrency is a value primarily due to the technology and the opportunities that it provides.

But even bitcoins have no technological value apart from buy and selling and making transactions there is nothing you can do, right?

Most people are financially dependent and their main goal in relation to the currency is to earn money. Moreover, alternative currencies themselves are not an example to follow, most of them are valuable only in the context of exchange trading.

I thin the actual reason why people hesitate to buy /sell with altcoins is because of the lack of volume in the market. I mean you see more people have stated to accept ETH, XRP because they have a solid market cap and hence everyone is ready to accept them. It would take time for any new crypto currency to be accepted in market because no one wants to accept a coin that is new and has no significant market cap.

All being said, I think prefer BTC over others, it is like why choose other shopping website when I have amazon.
167  Economy / Economics / Re: Economic situation declining and famous celebs not paying workers on: July 21, 2020, 08:05:06 AM
celebrities who don't pay their employees' salaries like taking advantage of this moment, they are really embarrassing.  I'm sure their income is not at all impacted heavily..
Yes that is a real shame and even if they are affected by the situation they should understand that they can easily manage the situation and not paying their workers is going to do a lot more harm than good. I mean it takes only a small initiative and people may boycott their brands and certainly the celebs can come back to their feet in no time.

It makes me feel so bad when people are saying this "I will die of hunger before I die of the virus" because this is so true and rich celebs sitting in their house eating chicken cannot imagine the situation and I actually wish people boycott their brands and raise their voice against such arrogant celebs because they are celeb as long as common people make them feel so.
168  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Three phases bounty distribution on: July 20, 2020, 02:15:06 PM
I have seen this kind of practices from devs to prevent heavy dumb to be happening on exchanges after listing and bounty reward distribution. I'm not sure how they are believing into this concept like when they are not paying all the rewards all at once, how bounty hunters will not be dumping like whenever they receive each round of rewards, again they will go simply dumping in exchanges. I mean nothing will be preventing bounty-hunters from dumping but the only good thing for devs might be getting some time before the final dumb happening.

The only benefit here possible is delayed dumping.

At the same time, if devs works on developing what they have promised in whitepape, then people will prefer holding their bounty rewards rather than dumping immediately. I mean if the project is promising one then devs will never need to worry about dumps to be happening because people are always looking for investing into good projects so continuous investors will keep your coins/tokens value higher always regardless of what bounty hunters are doing.
169  Alternate cryptocurrencies / Altcoin Discussion / Re: Scammers favorite tools on: July 20, 2020, 09:44:04 AM
1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens
This list could be extended by adding:

4. Master node coins
5. DeFi based projects
6. BTC fork with mandatory holding with 1:1000 claim

Yes, scammers are running out of ideas these days it seems hence they do come up again and again with a repeated concept based projects and naive investors are supporting them blindly which gets them zero returns for their hard earned money.

Artificial intelligence based projects must be a new trend. Some people claim there is no AI is existing anywhere but only machine learning is misinterpreted as artificial intelligence.

I guess there should be 10 to 20 projects were announced on this forum about gold back up for the circulating supply of their coins.

Creating artificial deflation must be a deceiving idea but it has been into practice for years. I am not sure how people agree that burning process is a good one toward the development of a project.
170  Alternate cryptocurrencies / Altcoin Discussion / Re: DO NOT TRUST TO TETHER on: July 20, 2020, 09:11:46 AM
I'm not having any reasons to trust tether as I'm not planning them for any of long-term holding. I believe only the traders who are planning to make use of tether with long-term plans must need to worry about its credibility in long run. But, we need to consider its past performance, as far as I'm concerned I'm not seeing any problem with tether to make use of it while we're trading without any plan to hold them.

One of my friend sold 1 BTC for tether when BTC was trading at $18k and the kept that $18k worth of tether within exchange to buy back BTC and when BTC prices fall below $9k, he bought 2 BTC for those tether (if he waited a little more then he might have got chances to buy more BTC when BTC prices fell below $4k levels by December 2018). I am just mentioning about how people are trusting tether and how long they are preferring to hold it.
171  Alternate cryptocurrencies / Altcoin Discussion / Re: Both PoW and PoS algos are scams. Here's why. on: July 20, 2020, 08:33:09 AM
In my eyes, OP is just counting posts and nothing more. I'm not seeing they are providing any valid points to support what is they are trying to argue here.

Bitcoin mining must be billion dollars worth of industry right now hence when if it is a scam, I am sure there cannot be these many people will be working on that. So, when something is existing with us for years and it is serving all its purposes then it is completely meaningless to call it a scam.

POW and POS cannot be scam for any reasons. If they are scam then people definitely will not risk their hard earned money on it. They are just algorithm so the chances for being scam is very very less as far as I am concerned.
172  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bounties managed by team themselves on: July 20, 2020, 04:33:05 AM
1. They have all the freedom of doing any how with your rewards

2. They can change certain rules that aren't reasonable, just because it's their project and they are handling the distribution they are free to do some bad things

3. Bounty Managers are very very important, you can get them nailed for not facing the team to force them to do distribution but you can't fight the team yourself
All your points are leading to interpreted as possible misuse/misbehave than what they promise by the times of beginning of bounty program. It seems if we want to be staying under safer hands then it must be possible only when we choose bounties which are managed by highly reputed managers of this forum. Otherwise, getting big disappointment at the end of bounties may become inevitable.

I guess we need to add another filter in our due diligence procedures in order to ensure highly secured environment for bounty hunting; that would be not preferring to work on the campaigns which are being managed by themselves. Thanks for enlightening us regarding this, definitely helpful to me and to this community as well.
173  Alternate cryptocurrencies / Altcoin Discussion / Re: How to know if the project is fake? on: July 19, 2020, 09:25:53 PM
Checking out what others are saying on a third party place where the team can't reach is a very important thing. For example bitcointalk is the greatest place for that, here you can see people saying whatever they want about the project, they could call it a scam, they could say it is a big trick to get people to give them their money, they could call the creators mean words and all other things and they are free to do so here.

This is why I believe it is quite important to know what the project is like depending on the thoughts of people who are free to speak their minds. You can go to their website, their telegram, their whatever and everyone there will be great, you know why? People who dislike it will be banned or shunned. This is why I believe it is quite important to actually check places like bitcointalk.
174  Bitcoin / Bitcoin Discussion / Re: World`s First Functional Bitcoin Watch on: July 19, 2020, 08:49:47 PM
The video is an old video, I remember seeing that video sometime around 2018 or early 2019, so it’s quite old. I will prefer to have my cryptocurrency stores in a mobile which I simply put in my pocket after usage than on a luxurious watch. Well, I don’t even wear luxurious watches lol.

Imagine you’re walking on the road and someone grabs your watch from you or something like that. You will not only be losing a costly watch, but also be losing an assets that’s worth whatever you have invested in there.
175  Economy / Economics / Re: Economic situation declining and famous celebs not paying workers on: July 19, 2020, 08:27:11 PM
The difference is, when you are making 20-100k per year (and even less in other nations) you can't really save too much money aside, you end up spending almost all of it just to live, sure you may put in a bit of it but not a whole lot and that is why you can't survive for too long. On the other hand celebs make millions of dollars every single year, they are super rich and if they put in half of their income for just ONE year, that would be enough to cover like 10 salary for their workers for a whole year.

Obviously they can't always do that but all they have to do is put 10% of their income aside and they would be able to pay their workers even if they do not work for years. Which is the difference, poor people can't afford to lose any income, rich people can end up not working for years.
176  Economy / Economics / Re: How long will it take banks to phase out physical cash completely? on: July 19, 2020, 05:18:09 PM
I feel like there will be a moment when the technology is so advanced that people who were born before 1970's will not be alive so the adoption would be a lot easier and everyone will be adopting to whatever the newest technology is. At that moment we could start to see some crazy stuff that we can't even imagine right now.

People who are over 60 years old right now have hard time paying stuff from mobile, let alone get into crypto, so it is understandable that they would have hard time adopting to something new that would remove cash all together, yet there will be time when they are no longer with us which would open up a lot of doors. Hell even buying stuff online was something "dangerous" for a long time and now it is common as drinking it water so I am sure it will be fine.
177  Economy / Trading Discussion / Re: Trading using someone else's funds on: July 18, 2020, 08:51:16 PM
I don't care about funds if where they came from the most  popular is to how to handle it to grow with your own effort and I believe that it would be connected into a good services with benefits.
It is a risky thing that nobody should meddle with. There was one time when I did something similar, I was promoting a bot back in the day and that bot was actually something that made money during the 2017 period and actually was not the bot itself but because the market was so awesome it was making by itself as well, so it wasn't such a shock since everyone was making money during that period.

However I saw that as a chance and someone asked me if I would be willing to share profits if I set up his bot with his account and made it such a thing that would profit with the bot, I said yes and I took the chance to actually take a profit. Dude lost like 20 bitcoins during that time and remember bitcoin was 20k by the end of it, so I felt horrible and the guy was angry but there wasn't nothing that could be done, so we parted ways. Worst feeling in my life.
178  Economy / Trading Discussion / Re: Stop loss after buying coin on: July 18, 2020, 05:57:50 PM
is it possible to put a stop loss on a bought coin after you have bought it ? Just wondering because i am still learning and have only just come across stop loss. I use coinbase pro - is it possible on there?
I understand that you are imagining like stop-loss orders are something a special type of orders and we need any special arrangements for that. But in reality, stoploss orders are just similar to what we are usually doing to sell the coins but you need to put in advance so that your losses will be in expected (acceptable) limit rather than being unlimited losses.

You bought a coin, fine; then what you will do to take profits? You will sell higher prices than your buying prices, right? So, you will put sell order which is higher than your buying prices and this can be done with the help of usual order types. Because, you are going to put the order which is higher than the current market prices.

When we are selling higher than current prices then ordinary sell order is enough which is usually we do to book profits.

But, stoploss order is needed be put lower than current market prices hence we need to put with the help of stop-loss order type, which will not trigger until that price reaches.

If you put lower prices than current market prices to sell in normal order type then that will be executed at current price levels itself; which will not serve the purpose.
179  Economy / Trading Discussion / Re: One of the Best Weapons in Trading on: July 18, 2020, 04:17:47 PM
Stoploss may sound like most important tool in trading but in my understanding, not in the every trading strategy and not in all types of markets. We can simply skip the need for stoploss, by withdrawing into our wallet with the plan of long term holding.

Yes, long-term holding will simply eliminate the need of going for stoploss.

I'm trading only in spot market and I am choosing my trading assets after long and strong due diligence which means I am trading only highly potential asset which are good for long-term holding as well. In recent times I find such an asset is, GRIN. It is a privacy oriented coin and it must be having great future still I am trading it in short-term but if market is not going as per my expectation then I will simply go for withdrawing into my wallet. I never need to exit in stoploss.
180  Economy / Trading Discussion / Re: Those that hate risks! on: July 18, 2020, 02:24:36 PM
We can only succeed if there is a risk. Risk helps us to rise I don't hate risk so I can learn something new and increase our skills When it comes to investing, everyone makes a profit. In that case it is not possible to make a profit if we do not invest without risk There will be both big and small risks Don't be discouraged if you try to overcome it.
If there is no risk involved in trading, then I guess each and everyone will be into trading and making no such field existing in this world. Because only due to we are having risk in trading, the results of trading are different; it means people who are able to handle risks are getting profits and others are getting failed. So, there will be no meaning of hating risks. It is a common enemy for all traders and we must work on the techniques to beat it up.

basically, you do not need to take risks in order to achieve success, because in the cryptocurrency market, good trading results can be achieved only through correct analysis and correctly planned tasks.
Yes, analysis and planned works are helping people to be the successful traders and people who ignore these important parts of trading are getting out of trading over the time by slowly losing all their capital. I mean risks in trading must be the all needed thing so that if we have reason to be successful in trading then we can be so, and all others who do not make themselves perfect to handle risks biting dust in the end.
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