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181  Bitcoin / Bitcoin Discussion / Re: Twitter plans to offer buying and selling of bitcoin and other cryptocurrencies on: April 15, 2023, 05:40:02 PM
High volatility, security risks, regulatory uncertainty, and significant reputational harm are some potential negatives of Twitter selling cryptocurrency. Offering cryptocurrencies on Twitter, however, might also boost their acceptance, revenue, and appeal to those who are interested in cryptocurrencies.
182  Bitcoin / Bitcoin Discussion / Re: How to convince a sceptical person to buy Bitcoin ? on: April 15, 2023, 05:18:29 PM
I believe that providing them with education is the best thing you can do to help them avoid falling victim to these con artists that use cryptocurrencies as the foundation for their Ponzi schemes. Regarding persuading, you are correct that it is not a good idea to do so because the market's volatility could cause the person to lose his temper and place the entire blame on you. The best thing you can do is to tell him everything and to make sure he understands how unpredictable the cryptocurrency market is. You also need to clear your name of any guilt by distancing yourself from any decisions he might make after you've given him the knowledge he needs.
183  Economy / Trading Discussion / Re: what is the support zone ? on: April 15, 2023, 05:07:07 PM
Actually I am very new on trading, And while browsing the forum, I saw that most of the time people are talking about the support zone, can someone please explain to me what the support zone is, I would be a little more happy if you explain it through a chart. how can I identify the support zone ?
A price range on a chart where the price of an asset has historically found support is known as a support zone. Traders look for prospective buying opportunities in support zones since the price is expected to move back up from there. One where the price has made several bounces off is a stronger support area. To reduce their potential losses, traders can purchase the asset close to the support zone and set a stop-loss order slightly below it.
184  Economy / Speculation / Re: Why Crypto Marketet Is Dumping Drastically !! on: April 15, 2023, 04:59:22 PM
Just a quick note to clarify that the problem of a coin's declining price isn't truly related to dumping. I shall start by blaming dumping as a result of a poor project. If people know a coin is valuable, they will at least hold onto it for a little while longer rather than throwing it away as soon as it reaches them. The second aspect is that some projects are doomed to failure due to fraud, therefore a bounty hunter who is quick enough to send a negative message through Telegram would dump it as soon as feasible.
185  Economy / Economics / Re: Is the government can really make a way to end poverty or it depends on us? on: April 15, 2023, 04:51:51 PM
If there are designated persons who will be responsible for making projects fit for local areas, the government will be able to assist by creating jobs and supporting organizations that aid the small individuals, such as farmers or in agriculture. The country could change if every dollar spent by the government went toward better enterprises. However, if the nation solely concentrates on making the wealthy the officials, then there is no hope for tiny people, and problems will continue to exist, leaving us on our own to deal with them.
186  Local / Pilipinas / Re: {Babala}: Mag-ingat sa P2P trading on: April 14, 2023, 04:20:09 PM
May feedback/reputation feature rin ba ang P2P sa ByBit? Sa Binance P2P kasi pinipili ko ung talagang mataas ang reputation kahit mas pangit ung price dahil praning lang talaga ako at ayoko ng hassle lol.
Ganoon din ako at yung trade percentage for the last 30 days lalo na kung 100% - 98%. So far, sa Binance ako pa ata tumatagal mag release kesa sa ka-transaction one time basta ang pipiliin lang talaga ang reputed na. Never ever used Bybit pero wala naman ata ganoong pagkakaiba sa lahat ng CExs maliban sa ibang mga feature na wala o meron sa Binance.
So far di ko pa na try mag p2p sa iba't ibang CExs maliban sa Binance which proven and trusted with many users. Pinipili ko rin ang maganda feedbacks kahit medj mababa kunti ang palitan kasi mas safe naman. Longest p2p trade ko sa binance is around 8 mins kasi leason learned ako after ko maka receive ng fake sms containing a message like "You received xxxx" buti na lang habit ko na ang mag double check always.
187  Economy / Trading Discussion / Re: Day trading is perfect work for jobless peoples on: April 14, 2023, 04:08:28 PM
Yes, that is achievable and might be an effective source of revenue.

This is not ideal, though, if all of your money comes from day trading, which may be risky and requires a lot of knowledge, ability, and experience to succeed. Even seasoned traders sometimes experience losing days. Day trading is too hazardous for anyone without a reliable source of income, therefore I don't believe that it's the ideal solution for jobless people. Keeping a standard employment is still a wise choice, as is searching for extra resources and beginning to trade for additional revenue.  Because not everyone is a good fit for trading.
188  Economy / Trading Discussion / Re: Early Profit can be misleading. on: April 14, 2023, 03:54:34 PM
The challenge of handling loan money has come down to one's level of intelligence. As you mentioned, wealthy individuals can make borrowed funds more profitable by investing them or using them to launch a business. I will absolutely find a way to borrow more of the budgeted money if I can. However, there will always be a significant risk involved. I borrowed about $1500 during the Covid 19 pandemic and used it to purchase Bitcoin. Back then, everyone was aware of the perfect purchase price with an interest return guarantee. Everything went off without a hitch, and you were able to make the agreed-upon payment. What I learned is to take advantage of investing opportunities that the pandemic's lower prices afforded me.
189  Economy / Economics / Re: Why is money ruling the world? on: April 14, 2023, 02:11:50 PM
The system on which the world we live in is founded on the exchange of commodities and services for money. This is simply how things operate and has been for a very long time. With the help of money, we can exchange the possessions we already have for newly acquired goods. There is, however, a little bit more to it than that. People with more wealth tend to be more powerful and influential. For instance, they may use their wealth to sway lawmakers or pass legislation that would help them. Inequality and unfairness may result as a result in society. It's possible that folks with less money don't have access to the same resources and possibilities as those with more money.
190  Other / Off-topic / Re: Prepare for the life when you get old on: April 14, 2023, 01:39:18 PM
His dedication to providing for his family is admirable, and for his future financial security, working for the government is a preferable alternative because it offers a stable income after retirement. And if a person is not employed by the government, they must start a business that will be better for generating revenue when they are unable to work.

Investment will be useful in these circumstances, allowing you to benefit from both real estate and cryptocurrency investments. Since your success in the cryptocurrency sector depends on the coin you choose, the growth of the money you invested in it will always be prioritized by bitcoin.

191  Bitcoin / Bitcoin Discussion / Re: Giving out to promote Bitcoin on: April 14, 2023, 06:59:37 AM
Encouraging people to learn about Bitcoin through financial incentives is a good start, but it's important to provide education and resources to ensure safe and effective use. By encouraging non-custodial wallet creation and management, people can take control of their own financial security and privacy. It's fantastic that you taught five high school pupils about Bitcoin and gave them a quiz before giving them each $20 worth of Bitcoin. You're giving them hands-on experience with cryptocurrencies by demonstrating how to handle their noncustodial wallet. The ecosystem benefits from any initiatives to raise awareness of and promote acceptance of Bitcoin.

192  Economy / Economics / Re: Why do people stay poor? on: April 14, 2023, 06:20:58 AM
People remain poor for a variety of reasons, including a lack of opportunity for higher education and employment, discrimination, inadequate healthcare, a lack of affordable housing, generational poverty, and ineffective public policies and programs. To address poverty, a thorough strategy that addresses these fundamental causes is necessary. It always depends to us.
193  Bitcoin / Bitcoin Discussion / Re: IF ONLY EVERYONE CAN EASILY ACCEPT CRYPTO on: April 13, 2023, 02:38:50 PM
It is true that cryptocurrencies like Bitcoin can enable quick and seamless transactions without the need for intermediaries such as banks. However, there are hazards connected with using cryptocurrencies, such as the possibility of hacking and fraud, as well as the fact that transactions are irreversible. As a result, before using cryptocurrencies for transactions, individuals should educate themselves about them. Additionally, the broader financial system must continue to improve and evolve in order to provide greater services and consumer safeguards.
194  Economy / Trading Discussion / Re: Can old trading strategies work again? on: April 12, 2023, 06:44:57 PM
Trading approaches that were profitable in the past may no longer be effective in the future. When considering a strategy shift, it's critical to analyze previous tactics and decide whether to dismiss them entirely or keep them in mind for the future. While a new strategy may be operating well, an old one may become useful again in the future. It is critical to remain adaptable and open to modifying techniques as needed, while still recognizing the potential usefulness of previous approaches. Finally, the most effective approach is one that is adaptable to changing market conditions. Willing to learn some new strategies, any tips?
195  Economy / Economics / Re: Automating your savings will help you save more on: April 12, 2023, 06:42:15 PM
I agree with the OP. Saving money in today's world can be challenging due to inflation. The rising prices of basic necessities make it difficult to set aside money for savings. Meanwhile, monthly salaries do not always increase to keep up with inflation. With fiat currency losing value, the struggle to save is real unless one chooses to prioritize future investments over basic needs.

I believe in the $3 rule theory by Daymond John

Daymond John's $3 rule theory suggests allocating the first dollar towards necessities, the second towards investments, and the third towards wants. By exercising discipline and limiting spending on wants, you can prioritize savings and wealth building. This approach can be a valuable strategy for achieving long term financial stability.
196  Economy / Economics / Re: Is taking a loan/debt addicted ? on: April 12, 2023, 06:32:17 PM
Establish a budget and stick to it consistently to end the debt cycle. If you're having trouble making payments, make debt repayment a priority and get in touch with your creditors. There are many financial institutions with possibilities for people in need. Discipline, preparation, and open communication are necessary for cycle-breaking.

I think so, nowadays it's too easy to find a loan because of the presence of online loan applications, in my country to borrow $2,000 worth of money, just send identity and selfie, and within a maximum of 3 days the loan amount will be accepted, but with the ease of the loan, interest must be paid very high.

Although it is now easier than ever to apply for a loan online, there are still some risks, such as high interest rates, that should be considered. Read the terms and conditions of any loans thoroughly, and only take out what you can afford to repay. Before turning to loans, look into alternate financial options. You may keep yourself out of a debt cycle by being proactive and aware of potential threats.

197  Other / Beginners & Help / Re: read a story of 17 year old bitcoiner on: April 12, 2023, 05:26:15 PM
I am an engineering student too and our age is close. I don't have the money to start big so I started with small amount which I can afford to lose. I manage my time as university student and as crypto enthusiast. The only advice I can give is trust the process, the learnings and don't be greedy.

I started trading a couple months a go and it is win so far because of the current state of the market now. Starting might be hard but everyone was a beginner so do your best and I know you can do it mate. Let's develop our future as early as we can.

Most of us (young people) are obsessed of having an income but being obsessed without enough knowledge, patience and experiences it may lead us to failure.
198  Bitcoin / Bitcoin Discussion / Re: What does it take to become a Bitcoin investor on: April 12, 2023, 05:01:09 PM
I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies
Do your own research and comprehend the risks if you're thinking about investing in Bitcoin or any other cryptocurrency. It's important to only invest money you can afford to lose in cryptocurrencies because they can be risky and their values can change quickly. You may learn more about Bitcoin and other cryptocurrencies through a variety of online communities and tools, including discussion boards, social media groups, and news and analysis websites. Look for platforms or exchanges that have a solid reputation for having clear fees, strong security measures, and responsive customer service when selecting one to buy and sell bitcoin on.
199  Economy / Economics / Re: Saving is Wasting? on: April 11, 2023, 05:09:21 PM
Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.
Prioritize saving for emergencies and think about low-risk investing options like savings accounts, certificates of deposit, or government bonds as a student with limited resources and few chances for side jobs. Consider alternate investing opportunities like peer-to-peer lending or crowdfunding platforms while looking for methods to reduce spending. Consult a financial advisor or a reliable mentor for advice.
200  Other / Beginners & Help / Re: How can I earn from cryptocurrency as a starter? on: April 11, 2023, 05:05:14 PM
Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.
As a beginner in the cryptocurrency world, you may be able to make money through purchasing and holding, trading, mining, or staking. However, it's crucial to conduct thoughtful research before making an investment. Start small and progressively raise your investment as you develop experience and market knowledge.
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