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181  Bitcoin / Bitcoin Discussion / Re: Parental Guild on Bitcoin on: December 05, 2023, 02:47:40 AM

Is buying Bitcoin or cryptocurrency good for Kids?

How do you teach a kid to secure Bitcoin incase you are not there?

Should authorities or agencies place age restriction on owning Bitcoin?

Regardless of whether it is good or not, children usually don't care much about investing, so there is no urgency to allow children to buy bitcoin. Apart from that, the 18 year limit is good enough.

I think it is very important to limit bitcoin purchases because bitcoin has high risks. This limit is implemented so that people who buy Bitcoin are considered adults and can be responsible for their decisions. Usually the government sets a limit of between 17 or 18 years
Bitcoin fluctuations are related to a person's mentality, if it does not match expectations then it could actually result in depression which is difficult to cure, because many of them have economic difficulties and their last hope is investing in Bitcoin, but in the end it does not match their desired expectations, so instead solves the problem, but adds to the existing problem. Therefore, the age of maturity is appropriate to start in the Bitcoin field, and of course it must be based on sound knowledge
182  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not a quick rich and get poorer investment. on: December 05, 2023, 02:37:22 AM
those who think that it is easy to make a profit from bitcoin, because they see that when the bullish season comes and the price rises quickly, they assume that investing in bitcoin will quickly make a profit, but those who make double profits are those who have invested in the bearish season, so they have also been waiting for an indefinite period of time, because most people only look at the success side, not paying attention to the process
183  Economy / Trading Discussion / Re: Short Term Trading Altcoins and Meme Coins? on: December 04, 2023, 03:32:14 AM
I have tried trading like this in the type of Altcoin Top 100, as I recall to Polygon (MATIC). Only a profit of around 2%, meaning that the profits obtained are not large in short trade carried out several hours or daily trading.
Because the time available for daily trading is not much, I don't do it anymore. Trading activities that are no longer interested in me. There is money, my focus on Bitcoin investment.
Short-term trading cannot maximize profits, but from small profits it is done repeatedly, so that in one month you get a large profit. If you only do it 20 working days a month, you will get a profit of 40%, but that's mathematical, but for people who don't have free time, short-term trading doesn't feel optimal, and it's better to invest in Bitcoin which has minimal risk so you can left with other activities
184  Economy / Trading Discussion / Re: Do You Use Crypto Signals? on: December 04, 2023, 03:22:12 AM
If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?
When my first time entered the altcoin trading space, yes, I used signals, and sometimes what was reported didn't align with what was happening in their kitchen. Accuracy sometimes seemed like an illusion, and even incorrect trades were maintained to preserve their accuracy reports. For their international signals channel, they were a bit better, and they played fair with their reports.

I can inform you about the signals I used if you're interested. Though I'm not sponsored by them, I quite liked their performance.

FYI... now I'm not subscribed to crypto signals anymore. Since I only favor BTC and am not so interested in altcoins, it's easier for me to monitor market developments focusing on just one coin. I only use signals to help me gain insights into some altcoins that I can't analyze on my own.
I think accuracy of up to 80% is an extraordinary achievement in trading, but is it suitable for various trading conditions, so that accuracy will last forever, I personally prioritize trading manually even though the accuracy is not that great, and of course trading only on bitcoin, considering that this coin is the most suitable for conducting the most important trading. on the other hand, believing that a process will be something good for the future
185  Economy / Trading Discussion / Re: Should trading be for the rich? on: December 04, 2023, 03:12:56 AM
Trading gives advantage to rich people because they have the capability to trade consistently despite of the losses they will gained, that way they can improve their performance level and make them successful traders in the end. However, for poor traders, it would be hard for them to finance their trades especially if they are only earning minimum amount, but if they have the skills and long experience in the trading market, then they will have the edge to win their trades despite of a small capital.

Trading is open for rich and poor, but to be honest, there's always high advantage if you have the huge capital to finance your trades because that will also mean massive amount of profits as long as when you trade with skills and expertise.
Trading with large capital is indeed more profitable, the profit target is a small percentage but can be used as living expenses, and this will be easier to manage psychology, considering that we can trade in a relaxed manner. Another thing is if we trade with small capital, and of course we want to make trading a living, of course this will increase the risk, so many failures are experienced, because the main factor in trading is psychology.
186  Bitcoin / Bitcoin Discussion / Re: Invest only in Bitcoin and never invest in shitcoin on: November 30, 2023, 06:04:41 AM
So that you know, Only Bitcoin is Bitcoin! The rest of them are centralized shit!
-

Simply put, its dumb to say "only Bitcoin is decentralized" for multiple reasons. You are arbitrarily defining what decentralization entails to make sure that only BTC meets this definition. Rather, its a granular scale, from most centralized to most decentralized.

I know "rah rah go bitcoin, bitcoin over all"-type posts (or threads, like this one) often results in getting easy merits from loose merit-givers, but it leads to misunderstanding and incorrect generalizations. A basic dumbing down of thought in order to root for a home team.

Actually not too many people know about what you are offering including me. Those who are worshiping and exaggerating bitcoin and talking bad about altcoins, they are just saying what they think and they are trying to please some old bitcoin investors.

This market is very volatile and offers huge profits. So I'm really skeptical of people who say they only invest in bitcoin and have absolutely no altcoins in their portfolio. In addition to investors who have been investing in bitcoin for a long time (bitcoin maximalists), new investors have entered the market in recent years, I do not believe they only invest in bitcoin like they said.
I think we have to have cryptocurrency knowledge, so we know the advantages and disadvantages between bitcoin and altcoins. and also new meme coins and altcoins. that way we will have broad insight to assess from various points of view, that way we can conclude what trading or investment steps to take. but indeed for those who want to invest in bitcoin it is also good, because it is safer.
187  Bitcoin / Bitcoin Discussion / Re: How Often Do You Check Your Seed Phrase. on: November 30, 2023, 05:53:05 AM
The truth is that we all hard check our seedphrae because we have the believe that where the seed phrase is, it is very safe, we only go in search for our seed phrase when it is  needed . But I'm just reasoning that it is important to check the seedphrase from time to time not only when we need to . The seedphrase is also important as the bitcoin we have in the wallet so I think the seedphrase needs to be checked the way bitcoin balance is checked in the wallet, because if the seedphrae is been tampered with their will be nothing left on the wallet.
Perhaps, the only thing we need to often check is the transaction happening in our wallet just to sure that there is nothing wrong happen and unauthorized withdrawals. Because as long as our seeds phrase kept safely, nothing to worry about, and our wallet remains untouchable.
As far as I can remember, I only check my seeds phrase twice after the creation of the wallet and when I transfer location just to be sure that I've never lost the notes I've made, it is all about crypto.
Indeed, by looking at the transactions that occur we can check the security of our wallets, but before that happens I think it would be better to anticipate not letting it happen to other people. at least we can open the wallet periodically to make sure it is working, on the other hand a phrase backup must also be done, if something goes wrong then there is still a backup so the wallet can still function
188  Bitcoin / Bitcoin Discussion / Re: What happen if Bitcoin shutdown? on: November 30, 2023, 05:27:21 AM
I am just wondering, what will happen if Bitcoin shutdown? Will the market crash? How about the effect of this to altcoins? Can government shutdown Bitcoin? I have a lot of question about this matter, because who knows, right? Also, how about hackers shutdown Bitcoin? What are your thought here? Let's discuss this.
The only way I can see Bitcoin shutting down is if people stop using it and mining it.
I don't think it could be hacked as a whole with current technology but never say never.

Because bitcoin is a decentralized network, it would be difficult for governments to shut it down. But bitcoin is like other products created by humans, its existence is based on human needs so it will stop working when humans no longer need it.

Our world is constantly evolving and bitcoin is also a result of that development. Therefore, it is difficult to say bitcoin will never collapse as technology development does not stop. Currently I think bitcoin is still safe but that doesn't mean it will be immortal forever, anything can happen.
It's true that no one knows what the future holds, but I think it's difficult to bring down Bitcoin, because as long as there are people transacting it will continue, even though the government hasn't legalized it, but they also can't stop it, precisely because the number of Bitcoiners in a country increases, so the government can profit from it by imposing tax rates, and can actually increase state income, because it is seen that the longer it takes, the greater the tax that can be obtained
189  Other / Archival / Re: Wearing Bitcoin Clothing in Public on: November 30, 2023, 04:14:41 AM
Actually, many people already know about Bitcoin, especially young people, but because there is no real community, not many people know about Bitcoin even in the same city. However, if we are worried about the security of our assets because many people already know, then it comes back to maintaining our private keys, as long as we can protect them I don't think there will be any problems, and of course there are many suggestions for being able to protect our private keys.
190  Economy / Economics / Re: Why is Bitcoin always affected on: November 29, 2023, 07:42:10 AM
I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

Major events like war, natural disasters, major bank defaults have some kind of economic impact globally. Not only bitcoin but also stocks, forex and other market have also been affected because all these are correlated with one another. As an example if a bank collapses and some of the users of that bank are bitcoin investors. In this situation for any emergency situation, those people will liquidate their bitcoin in the market. Now think about what will happen if a few thousand users have this same situation. This will create sell pressure in the market which will be the reason for a correction.
Indeed, something that supports the economy can influence global economic conditions, as you gave the example, where a big event will have a big impact, and in the end there can also be a global crisis like what happened yesterday, every part, every country is correlated with each other because basically need each other, and this is what makes global impacts happen, and once again inflation is a terrible threat, considering the increasingly high prices of goods, and society must be able to adapt in order to continue living
191  Economy / Economics / Re: How do you work toward hodling bitcoin? on: November 29, 2023, 07:28:59 AM
When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.
Indeed, at least people who invest must have loose funds so that these funds can settle for years, until they can finally be withdrawn when they have doubled in the future. Most people want to get instant results and that is clearly not possible in the current situation. on the other hand, we must have knowledge about what we are investing in, remembering that without knowledge we will definitely get lost, luck will not come again and again.
192  Economy / Economics / Re: Inventing a job is better than finding a job on: November 29, 2023, 07:24:16 AM
Currently I am working for a company, but there is a desire to work on my own to open a business. but this goes back to a person's mentality because starting your own business is not easy, therefore I took a safe point, namely opening a business as a sideline to my job, with the hope that later it can grow and develop until I give up my main job, it's not easy, it will but while it's still easy, we have to use it properly
193  Economy / Trading Discussion / Re: Stop loss ? on: November 28, 2023, 03:09:13 AM
The use of stop loss is generally used to limit the level of loss that will be accepted, usually stop loss is closely related to futures trading. Because of the high level of risk in this market, it is not surprising if losses occur that cause the balance to run out. Stop loss is intended as a loss limiter, we can freely determine the loss limit that we will receive if the market moves not in accordance with our trading position. Usually we will set a stop loss with a loss of funds that is afford to lose.
The amount set in stop loss is the amount that we accept we will lose, just in case our trades didn't go well or the price didn't go as we expected. Stop loss is only just a feature or a tool in trading but futures trading is another variation of trading, so both are not the same or related to each other.

The market itself is only unpredictable but the risk intensity will only depend on what we do. Well if we do trading, especially the futures one, then there is no doubt that the risk is greater than if we will only do a long-term investing. Other than using a stop loss and setting it on a moderate level, it is also better to use funds which we can afford to lose easily.

Yes that's right. This is directly related to money management trading. If we use a stop loss but our margin and leverage in one trading position are large, it's the same as lying, especially if we trade without prior analysis and just enter, I think in this case the stop loss functions as a loss-making tool. However, this is different from if we carry out an in-depth analysis before trading, plus minimizing the amount of margin and leverage, for example the margin used is around 5% of the total capital and the leverage is 2x - 3x, then the stop loss can work perfectly. When placing a stop loss, you must also pay attention to the levels of Bitcoin price movement, so that if a price movement occurs it does not trigger a stop loss which in fact, the price direction is still in a continuing trend according to the analysis plan (perhaps using Fibo can help in determining the stop loss point)
Stoploss actually limits us from giving the opportunity to trade again at another opportunity, because by cutting losses, we still have capital to make the next transaction. and keep in mind that there will be many more trading opportunities to be found. indeed logically we can take a stop loss risk of 5%, so if we experience consecutive mistakes for 20X then we run out of funds, and of course 20X is a lot of opportunity, in this way the possibility of running out of capital becomes smaller
194  Economy / Trading Discussion / Re: Who should own a demo account? on: November 28, 2023, 02:47:29 AM
There is no restriction to who can own a Demo trading account, a new trader or an expert trader. I know many traders may feel like they are now bigger than demo accounts, and only new traders should have demo accounts for demo trades, but I think that to avoid losses still, expert traders should also have demo accounts for trying out new strategies before they try it live. What do you think?

Do you as an experienced trader that has made profit from the market repeatedly, do you still have a demo account for trying out new strategies?
Demo account is not only for newbies, even an experienced traders can use it for new strategies that they want to try.  Actually, it's an advantage if you're still using demo account, just shows you're careful and wise to try first if your new strategy can work.

However, if you're already an expert, had many experiences, probably you already learn from those. Therefore, even you're not using a demo account, still, you're able to profit for being good of what you do. Experience is still the best teacher and that's how you can gain ideas on what to do when you trade.
First, we have to know the purpose of using a demo account, considering that most people are shocked when transitioning from a demo account to a real account. but actually this difference only lies in our own psychology, which when we can manage it, a demo account will be able to help us practice trading. What you say is absolutely correct, this can be used to try new strategy systems in trading
195  Economy / Trading Discussion / Re: Scalping on: November 28, 2023, 02:36:03 AM

In trading you need to gain knowledge those learnings you've got will now execute your trades every trades you made you learn and earn experience, if you win great those learnings applied but if you fail learn from those mistakes, analyze whats wrong with your trades, prevent to deal with again and move forward for your future trades.
One of the biggest problems of a trader is repeating the same mistakes, it seems to me that this deprives the trader of the opportunity to become successful. I'm pretty sure that everyone who found themselves in a difficult situation and did not use a stop loss thought that it could save them money and time, but if after that the trader continues to repeat this mistake and does not use a stop loss in future transactions, then this leads to the same result again.

That is the reason professional traders keep a notebook with them and keep track of their bad trades. They try to figure out what went wrong and how he could be saved from that. This is a good practice for a trader, as it helps him identify the same scenario in the future and take action according to his previous experience. Not sure how much it help them but there must be some benifits of it otherwise why most of them suggest to do something like this to newbie.
Notebooks can help us to record mistakes or events that occur, so that we can look at them afterwards to remind us, for example, of something we shouldn't do, and sometimes even though we have written it down and read it, we sometimes still make the same mistakes, and this is basic human nature. . However, if we can manage it, it will not only have an impact on our way of trading, but will also carry over into real life, we will be wiser in facing life.
196  Economy / Trading Discussion / Re: Weak or wise? on: November 28, 2023, 02:26:25 AM
Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

I will rather call it contentment and been wise about leaving the investment at an early making profit stage. When you’re not contented, you become greedy and when that comes into play, you’ll be at a bigger risk to lose your profit including the initial capital that was put into trading in the first place. Take profit should be something you’re willing to adjust to when it doesn’t work for you or take advantage of it early when it begins to work for you.
Perhaps, it was not a wrong decision but instead, wise thinking knowing that we never know if the price keep rallying or it drop at least we already earn some. Besides, we can't make 100% perfect trade which means that some of our speculations are wrong and sometimes are right but the most important is that we never lose any amount. Greediness is the cause of why many traders miss the chance of selling at a good/high price as they think that there is more. That is why we should also have to know how to analyze the market, not just by wild guesses.
Trading is not guesswork, so we have to review it from time to time to see the development of our trading system. so that it has a higher probability of winning, considering that no trader is completely correct in analyzing, therefore trading requires mature strategy and psychology, so happy are those who want to learn to trade manually and patiently go through the process
197  Economy / Economics / Re: strange indicators to know economy is bad on: November 27, 2023, 01:48:51 PM
I think that a bad economy is not only measured in the rise of the price of the goods, but there might also be other indicators to know it. On many well-developed countries, the price of their items are also high but their economy was still in a healthy condition. I know it's crazy but I think an increase in the price of the goods might also be beneficial to those people behind them or to the ones who create/produced them and to the economy in general, so we should also think about this before we complain.

In terms of salary, I think this doesn't has to do with the economy most of the times, but it only has to do with the company that you are working with. You better switch jobs and find a better paying one.
In my opinion, salaries should be measured by the minimum wage standard in an area, if our salary is several times the minimum wage, then I think we can live decently, but most people have a high lifestyle, so any salary seems not enough to cover it. . therefore everyone's standard of living is different, it would be a shame if we lived only according to prestige, because most of what happens is like this
198  Economy / Economics / Re: The impact of war on global economy. on: November 27, 2023, 01:39:17 PM
As long as there are leaders who are selfish and have no shame in anything, war will always exist in this world because the purpose of war is to slaughter each other, not to make peace. So I also hope that in the future there will be no more leaders of any country who feel selfish and feel more powerful so that it could cause another prolonged war in certain regions.

Everyone can see what happened to European countries that were involved in war and also see what happened to countries in the Middle East as a result of war. Almost all infrastructure destruction occurs through war, so it is appropriate for all leaders to open their eyes to set the intention to make peace so that any destruction can be stopped well.
    War has an effect on the economy of the area it occurred which is the major reason why it's avoided at high cost. We may not understand the depth of dangerous effects it poses till we experience it but it's really not what we should anticipate. Lives will be lost, there'll be halt in economic activities, so many inter national relationships will be on Sandy ground because there'll be breakouts and fall outs.
    The economy of the nation will be fueled into the war and the citizens will be left to make do with what they own and have in their store for the period it'll last. Living will be difficult and be in jeopardy, fear will set in all because of unpredictable occurrences. The well-being of the people will be put secondary because the major goal will be conquering the war. It's no doubt going to be an unhealthy experience so as a nation, we should do all that's possible to avoid such happening.
Civilians will become sacrifices for self-interested leaders, with war of course there must be a profit commensurate with the costs incurred. Sometimes human greed overrides humanity, so that in the end a peaceful life is difficult for the people to obtain. For those who lose, of course they will suffer even more as if the world is unfair to them, especially since they have lost their beloved brother
199  Economy / Economics / Re: Btc vs dollars on: November 27, 2023, 01:24:47 PM
Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..
Bitcoin needs to be tied to something.
There needs to be something backing it.  That's how you know what is valuable from what is not.

Comparators can benchmark the value of Bitcoin, especially against a currency that has become a standard for the whole world. Therefore, during a bearish season, we can see a decline in the value of Bitcoin against the dollar, and vice versa. Therefore, it is difficult to deny that the final reference is the dollar after we make a profit from Bitcoin activities
200  Economy / Economics / Re: Isreal and Palestine war and losing your wallet phrase and password on: November 27, 2023, 01:12:26 PM
You have to be creative in times of war to store your keys safely somewhere you know it's not going to be destroyed. Keeping it with you all the time is a good idea. I think I would store my keys inside my wallet, within my documents, written as a poem or letter, that is, something with emotional meaning, to avoid suspicions by potential regulators or enemies who can ask for my documents at some point of the war.

Another idea is to just memorize it. It's not an impossible task, and considering how important it is, I think nobody would complain about making some effort to memorize their keys.
Actually memorizing it is the best choice, although it is not as easy as it is said, but if we try, I think nothing is impossible.
That's how it should be, keeping the private key always with us under any circumstances. So besides me keeping it in a very safe place in some places, keeping it in your wallet is also a good option.
And I also plan to engrave my personal wallet on a small steel plate and wear it as a necklace because that way my personal wallet is always with me. And that's another option besides me storing it in a place that is safe from anything, and depending on the type of dangerous condition and I will anticipate if there are signs.
It's a shame that I find it difficult to memorize so much, but now I save it on Google Drive's private key, and of course I back it up in notes that I hide, but don't write it on paper, like writing on a steel plate that you have worked on. of the many options, I think the safest is to memorize it, because only we know, but for forgetful people it is difficult, so they need help to store it.
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