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1901  Economy / Trading Discussion / Re: Traders paradise on: April 29, 2022, 06:58:34 AM
Exchanging on the grounds that somebody told you or for income sans work you ought to expect some negative as well exchanging can make you bankrupt as well. Later on it might turn out that you don't have the outlook that a fruitful dealer needs and you will end up in other safer exercises like money management or mining.
I guess he didn’t learn anything about cryptocurrency trading before he started. He just got interested based on the fact that a friend of his has introduced him to the work and also has shown him how much of success they have been able to make from trading cryptocurrency. So, he has just thought that it was going to be that easy for him to also make that kind of money from trading.

But, that isn’t how it works. Crypto currency trading is something that requires a lot of work and is not just what you would get into when you have no idea of what you are meant to be doing. This is not gambling.
1902  Economy / Trading Discussion / Re: Is Using a Stop loss "Good" or "Bad" on: April 29, 2022, 06:08:04 AM
as far as I understand if we use a stop loss and want a big profit then we have to look at a bigger time frame as well. it means that our stop loss placement will be further away with the profit target going further as well. actually using a stop loss or not, this is not required, the most important thing is that the trader can understand and take care of himself to remain disciplined in his analysis
This would allow you to actually arrange your stop loss to a point where it is generally going down and going up, you will see that it goes down to a level and bounces after that price, if it goes under that then it would be a new thing and it could mean risk, but it stays above that then it could bounce back.

Famously, we could talk about 38k right now, if it goes under that, we haven't been under 38k in a long time but we are close right now, which means if you put a stop loss to under 38k, then it is either going to go down to 38k at worse and jump higher from there and you wouldn't hit that stop loss, or it will go under and maybe reach like 33k at which point that 37.5k stop loss would help you.
1903  Alternate cryptocurrencies / Speculation (Altcoins) / Re: SHIB Listed in Robin Hood on: April 28, 2022, 06:32:10 PM
I agree that listing wouldn't really be showing the value just after a week, but I also believe that listing means nothing as long as you are already listed in Binance. Robinhood is a great place and all but I do not believe that it would actually bring in anything substantial after Binance already listed it. Plus, being ranked 15th already means that they are doing as well as it could be hoped from them, I am not really expecting them to crack into top 10 and that means we are going to end up with something quite similar to this and nothing bigger.

I am not saying that it will not go up, all I am saying is that even if it does go up, it will be mainly based with the market going up as well and nothing too different from the market so they will not be ranked too much higher up, maybe just one or two spots but that's it.
The biggest reason why getting listed means nothing for the price is the fact that if you have volume then anyone would want to list you. This doesn't mean they support you or even have money in you, it just means they want to profit.

This much I can guarantee, shiba being in robinhood makes no sense to me, like it doesn't even say that shiba is decent or good or bad, it just tells me that it has volume. We have seen plenty of shitcoins that had volume of it is not a new thing neither. At the end of the day we have seen that there weren't that many people who got hyped about this because price didn't skyrocketed, which is a proof that shiba lost its hype already.
1904  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What are the criteria for choosing altcoin on: April 28, 2022, 05:10:08 PM
ethereum is a good altcoins but i don't see them transparent in development, even the rumored eth 2.0 will launch, not even launch as of today. In my opinion, the criteria as a good altcoin are having a large community, high security and adoption.
They do not have to be, newbies all think that project's all have leads but that is not the case. There is a foundation that "offers" ideas for ethereum to move to, and they are not making those changes themselves. So if they do 2.0 and we all decline? They can't make that into a reality.

This isn't some newbie token that the creators have full ownership over and can change whatever they want to, it is something that mainly foundation builds on top of and then asks people to either accept it or not. If you are not aware of what they are doing right now, that is not important because when they offer it, we have a chance to decline it and move on without whatever they suggest.
Most newbies only saw the period where they invest into a project with the hopes that the team behind it would do something to make it go up. In fact, this reach to a level so much so that they actually pressure the teams to do something that will make it go up, basically telling them to make them profit.

So they invest, talk with the creators to see how they will do something, and hope that the thing that will be done could increase the price and then sell. This has been the era for the past 2 years, all newbies do that. People can't understand that even the 2.0 idea behind ETH is not a guaranteed thing, because there are no owners or creators.
1905  Economy / Speculation / Re: Why the price of Bitcoin still in such a state? on: April 28, 2022, 12:06:47 PM
Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.
Does it matter? What I mean by this is that some people care a lot about why something is happening at the market when the most important thing is what is happening at the market, it may seem a very slight difference but it is not, if the price of bitcoin is going down it is simply because the ones invested in bitcoin have decided as a group that is going to be the case, so what maters is what are you going to do about it and how do you take advantage of the situation.
At times it does matter, maybe not this time but there are periods when it matters. For example when the price hit 64k for the first time in April of 2021, china "banned" crypto again, which they did a million times but they just ban a niche part of it each time, this one was mining I suppose, and Elon said he will not hold bitcoin anymore, or buy, or accept bitcoin payments for tesla something like that right around the same time as well, a few other minor things happened in bear move as well.

So all in all, that mattered because it looked like a coordinated attack. When those type of falls happen, it is dangerous to us all, but these ones we are seeing today? That's nothing, no bad news at all.
1906  Economy / Speculation / Re: Bitcoin Every 4 Year on: April 28, 2022, 07:00:35 AM
Pump after the halving, and so that starts the bull run. At least in my case, my first time seeing the bull run is in 2017. And then the halving in 2020, and massive bull run in 2021. So yeah, for us who have seen this, it's better to accumulate at this bear market and hold and wait till 2024-2025 because history might repeat itself again. There is a prediction that 6 digit could be the next target, and we might it that price as the new all time high next bull run.
I have seen the 2013-2014 increase, and the 2017 and now the most recent one. I can tell you that it is the same thing, just one more doesn't really change anything. Accumulate as much as you can during the bear, then start selling when it reaches a high point and when you take the initial investment out, keep the rest and repeat that forever until you retire.

So, let's assume you buy bitcoin at 10k, you sell half at 20k and keep the 10k in, then it drops to 3k so you have 1.5k, you invest 3k more and get out at 6k, keep repeating that and during the 68k period you would have both one bitcoin, and you would have all of your money back and would be like you never invested.
1907  Economy / Economics / Re: Russia suspends gas supplies to Poland and Bulgaria for failing to pay in rouble on: April 28, 2022, 06:08:03 AM
In terms of pure motives, this is completely understandable.  No one denied the power they had in oil and gas, they needed to untie the ropes tied to the rocks to minimize the extent of the sinking.  They may accept bitcoin as an alternative to the ruble, but it would be better to strengthen their native currency.

I think Putin is still the knifeman in this regard.  Winter is coming and the initiative is in their hands.  I expect the US and EU response to this scenario and I think the symptoms can last longer and there is no exception in the European countries.
It would be counterintuitive if they start accepting bitcoin. I mean it would help them bypass the sanctions when they want to get money out, which is what people wanted to do, oligarchs mainly, because they had too much money in Russia tied up and they wanted to get it out when they heard about sanctions.

But when they want money in, then they need to accept ruble just so that people would buy ruble and make it gain some value. We should all remember that it started at 70's range per dollar, then went to as high as 130's if I am not wrong and back to where it was, maybe even a little bit better all thanks to the fact that they force everyone to pay with ruble.
1908  Economy / Economics / Re: Inflation and investment on: April 28, 2022, 04:59:03 AM
Oil/gas will eventually go away as the main thing to spend. From simple small cars to a huge truck, everything will be based on electricity. However, we need to make sure that we create that energy in a clean way as well. If you burn coal and create energy and then use that for your Tesla, that’s not clean at all, this is not helpful to anyone, it is not better than oil/gas. If you do hydro, solar, wind and such then using that for your electric car could be something awesome for sure.

We are talking about something that is better for the distant future, because we could keep on investing renewable energy but electric cars all in itself by default is not a good thing if you produce bad energy from bad sources.
It's getting there but with a wrong way though. We have been going higher on solar and win for sure, but we are getting higher on hydro and nuclear energy as well, specially the nuclear plants seems to be the riskiest and yet the most profitable one without ever hurting the world until it collapses.

Chernobyl is not a disaster that just happened, it is also a cautionary tale for all the future ones as well, one happened in japan as well if I am not wrong. Long story short, we should be moving to spending electricity instead of fuel, but we should also focus on clean energy that is not dangerous for us as well, since dangerous ones could kill us very quickly.
1909  Economy / Trading Discussion / Re: Traders Stop Being Greedy. on: April 27, 2022, 06:04:49 AM
It is like you are trading blindly and relying on your luck, the results more than likely would be catastrophe to your funds. Even if you are driven by your greed, it is always better to do some background check on the coin/s that you want to get involve with. You can also keep up with the updates and news from their social media channels because like it or not, you can read or feel some hints when you are reading the content of their social media channels. They won't disclose all but you will get a gist of what is going on that will give you idea on how to trade their coin.
At some point anyone can be moved by greed, but when you have learnt what the most important things are for you to do, then you would never fall for any sort of mistake, you would always know what to do and would likely avoid any problem ahead. So, the most important is having the skills and being aware of the right things and the methods to follow, there are methods that are meant to guide us in whatever that we are doing in the market, it’s really important.

And also we should learn not to let our greed push us to making the wrong choice at any moment, even though it's normal that at some point humans can be pushed by greed, but we should have the ability to control ourselves.
1910  Economy / Trading Discussion / Re: The trend is your friend if you know how to identify it)) on: April 27, 2022, 05:31:25 AM
You still need to be updated on the current events about bitcoin so you will know how to assess if those speculations are quite close to reality or not. Otherwise, you will fall believing in a wrong trend that may lead you into more future losses. However, if you end up having the correct trend in bitcoin, from your technical and even fundamental analysis, that will be your asset so you that you will make most of your trades become profitable, and only few losses.
It’s only people who are very active in the social cryptocurrency community that would be able to get information on things like this, if you’re not steady looking into the current happenings in the market, you wouldn’t be able to tell when it is exactly that there would be a trend for a cryptocurrency. You have to be really active on social platforms and be read cryptocurrency blogs on a regular basis for information of such, and you also need to make use of tools that would help you to be able to predict what would happen in the market.
1911  Economy / Economics / Re: The first rule of investing is saving on: April 26, 2022, 08:22:34 PM
Quote
investing and saving is a plan for future finances to become more established and easier....
but basically all of this must be done with established management because most people are reluctant to save and prefer to invest so that the money can always work for themselves.
Saving and investing has helped many people to embraced their opportunity from their investment few months ago. Those that saved a huge amount of capital last year November, really used this opportunity to buy more of bitcoin to prepare for a greater future. Now that the price of bitcoin is preparing to hit $50k which will be favourable to those that  saved money to buy bitcoin when the price is low.
I guarantee you that there are many people who think that the price will crash and not go up. Those same people are focusing on making profit by shorting bitcoin instead of getting ready for the upcoming increase.

It is so clear to me that the price will go up, why? Because whenever it goes down, it gets higher, and when it gets higher, it goes down. What was the last thing we did? Go down from 48k levels to under 40k levels correct? That means we are going to end up with a lot of profit and that is going to be the case here as well. I personally believe that we are going to end up with a higher price because we went down and next turn is going up.
1912  Economy / Economics / Re: Passive income : Bank interest vs staking on: April 26, 2022, 07:49:40 PM
Things have gone pretty stale on Binance Smart chain the past few weeks, I'm now planning to move some funds to another network, since APYs have severely decreased on the vaults I was interested in. The Fantom network has some pretty interesting ones, with over 50% APY on stablecoins.
Just because the APY is lower, doesn't mean that it is not profitable, nor does it mean it shouldn't be invested. Main reason why the APY is lower is the fact that there are a lot more people investing into it. If you are using stablecoins then the low APY is understandable and you should focus on something else, but if the APY is based on some good token or coin, like for example Cake or BNB ones? Then you could still keep it because it could go up as well.

I personally still hold all my BNB and Cake staking because in the end we are going to end up earning from the staking rewards, but also from the increase in price. I do not trust other networks for the price reason, even though staking rewards could be higher.
1913  Bitcoin / Bitcoin Discussion / Re: How Fiat Will Always Be The Norm on: April 26, 2022, 11:26:37 AM
Aside from those people who don't give any care on the existence of cryptocurrency, there are also people around the world that don't even know what is a cryptocurrency or they haven't met that word before and people like that usually lives in 3rd world countries or beyond that who only knows about fiat and nothing else. They cannot even afford to buy phones to keep up with the technology advancement of the world. How would they keep up if they cannot even afford to eat a full meal 3x a day.

That is why we are lucky to know about this existence and we should not be selfish about this knowledge, also it is ideal that we have to keep those people informed so that they can also avoid the inflation and carry the will of SN.
I am sure that the amount of people who do not know what a cryptocurrency is, not even heard of it or anything like that is not really a big percentage of the world. I agree that the amount of users could be low compared to anything else, but the amount that didn't even hear about it could be very low.

Even in the small isolated tribes people have heard about crypto at this stage, there is a big difference between users and people who heard of it though. Just because 90%+ knows about it, doesn't mean 90%+ uses it, maybe like 90%+ heard about it but 10%+ ever bought it. That difference could get closer and closer eventually which would help us.
1914  Economy / Gambling discussion / Re: ⚽UEFA Europa League Discussion Thread on: April 26, 2022, 07:04:38 AM
Ronaldo doesn't have that yet and maybe if they are solid and Ronaldo will still stay at United he still has a chance to get that title Cheesy

Well this will be their best achievement at this time because indeed when chasing the Europa League directly it will be difficult now at least with this special path they still have a chance there even though the road has to be turned around first Cheesy
I am sure that Ronaldo wouldn't really be happy about winning and going to europa. I have zero clue what happens if you earn a right to go to champions league via your league position and still won conference league so you earn a path to europa. Let's assume United finishes third in premier league next season, and wins conference cup, where do they go?

I mean it surely should be UCL because that is the bigger cup and anyone would prefer that, but then does the finalist of conference league gains automatic entrance to europa instead of the winner? No matter what, only thing that would make Ronaldo happy would be UCL, as soon as possible. This dude won it three times in a row, no other team has done it while current players were active, last one was many decades ago.
1915  Bitcoin / Bitcoin Discussion / Re: Are new bitcoin users early or late to the party? on: April 25, 2022, 05:14:17 AM
There is no such thing as being late or early to make money. Anyone who follows the news properly and can make the right analysis can make money. As long as you can use your mind.
Another thing that we have to know is that Bitcoin is not just all about investments, I know that there are so many other things that we can also do for us to be able to make money through Bitcoin. The reason most people are not making anything is because they are just investing and they’re all hoping that the price of Bitcoin is going to increase up to 10 times or even more than that so that they would make profit for their investment.

Most people just want to invest and get rich overnight because of stories of those they have heard who became millionaires. But we shouldn’t just invest and be waiting for when we will turn millionaires, rather we should continue to look for other ways that we can make money, which can be from trading , staking, and even offering services.
1916  Economy / Trading Discussion / Re: It seems that more people taking crypto trading as full time job on: April 24, 2022, 03:34:14 PM
I am not also a full time trader however I know in myself that I am also an active trader but I think for now I couldn't a lot my full time in trading because still I am in the stage of learning more about trading. For me, I am afraid enough to take the risk taking the journey of being a full time trader knowing in myself that I have some knowledge and skills that I need to learn and to gain through experience. I'm so proud to other who managed to be a full time trader because I am planning this way too not now but maybe soon.
You do not have to leave your job to do something for full-time in my opinion. If you ask people what full-time job is, they would say something like 9-5 job, or the job you earn your main money from and all of that. But to me, it is the thing that you spend hours to earn money, if you are working just 1-2 hours a day then it is not a full-time job, but if you are working maybe like 8 hours a day doing something it could be a full-time job.

People could have 2 full-time jobs, even three of them if you push it. I knew a guy who worked as a school bus driver, and in between leaving kids he would work as a mechanic and after that worked as a uber driver as well, working nearly 19-20 hours a day. Tell me that is not a full-time job, two of them were definitely full time and he worked long enough to make uber a full time job as well.
1917  Alternate cryptocurrencies / Altcoin Discussion / Re: BabyDoge Coin To The Moon!!!? on: April 24, 2022, 08:30:07 AM
Uhm, it’s normal for some exchanges to have a coin listed but it wouldn’t be available for trade and service.
Like I do see some coins on Coinbase that would say that it can’t be traded on their platform. But, I have not heard about this particular coin, this is my first time getting to know about this particular coin, never heard about it before.

The rate at which we keep seeing new meme coins every day in the market is really surprising, every time there is a new meme coin in the market and they are not even good at all, is this one any different?
That is basically either a maintenance issue or something regarding the coin itself as well. I believe that if we end up checking out all these things that are not being traded at that point, you will see that it is 99.99% of the time either about the website just temporarily freezing that trade to update their wallets and all, or it is about that coins network/blockchain having some new issues or updates as well.

When that’s over, it will come back almost all the time. If the exchange wanted to actually delist it then they would just delist it, there will be a ban on trade at that point as well but it is mainly "withdraw it now!" warning type of deal at that point.
1918  Economy / Trading Discussion / Re: Which trading indicators/traders would you recommend? on: April 23, 2022, 09:48:49 PM
My point is not that these groups are good enough,,, rather my point is no group is even close to being good let alone to guarantee profit, no matter which indicator or strategy they use.

And if anyone else thinks differently,,, then my challenge is to ask them to post their results in forum and see for ourselves which is good long term,,, but I know it eventually ends in loss just to prove no indicator is good for profit, only for enjoyment Smiley
I do agree with this. I believe that there needs to be a bit of a leeway between the TA and the real results. I get that TA "could" bring good results, but that doesn't mean that you should be focusing just on that, I get that it is not going to be that easy, but it is going to be something that is quite amazingly just "relevant" and yes it is so relevant that sometimes it makes you money but that's about it, there is no other connection between them at all.

As I understand, some people see these indicators as the end result and invest accordingly and they hope that what they see on the charts will happen exactly as they hoped it would and that is how they are going to end up with a profit. I doubt that would happen but there is also nothing that I can show to prove them wrong neither, only if we go back and show them in retrospective.
1919  Alternate cryptocurrencies / Altcoin Discussion / Re: How would crypto fare without centralized exchanges? on: April 23, 2022, 02:35:55 PM
Decentralized exchange don't have license to operate that's why they decentralized. Only CEX is required to submit license since they are accepting fiat deposit and withdrawal. Anything that involves fiat is subjected to regulations because that's cover with tax law.

I doubt that government will suppress the use of cryptocurrency on CEX since they can get tax from crypto transactions.
Yeah, that is right, the government wouldn’t try to put down centralized exchanges because they know that in one way or the other that they would be gaining from it.

So, as long as it is benefitting them they wouldn’t think of such. They would only wish that they were able to put down the decentralized exchanges, but that wouldn’t be possible for them since all those decentralized exchanges are completely out of their control. That is why in countries where cryptocurrency has been banned, we still continue to see people making use of decentralized exchanges or peer to peer means for their trading of cryptocurrency .
1920  Economy / Economics / Re: Where should I invest? on: April 22, 2022, 09:14:09 PM
Education used to mean something great, you would get a good job after graduating, and after a few years you would be able to support yourself and if your wife worked as well you would have a decent middle income family household. However, these days people are barely surviving with the current market conditions, you could have a ton of workload, 80 hours a week, your wife could be the same and you would barely afford a vacation.

I have been earning 4 times more than what minimum wage worker earn in my country, and I have been living a medicore life at best. This month has been specially terrible, I paid off some debts, and this caused me to have less than what I normally have, which shows that you could be considered a "rich" person in my nation when you have no debt, that is the ceiling, literally having no debt makes you rich, that is not what we think when we consider rich people normally.
That is not just entirely based around education, yes it is right that back in the day education was harder to get, and a college degree was something more valuable back in the day, that's true. Even a high school graduate could have ended up with a good job and worked to get a good life.

However, what got worse is not related to just education, these days people who graduated from masters, college, high school all getting terrible deal in life because economy sucks in almost every nation. I do not know what we are going to do, but I know that the whole world is having financial trouble and some are worse but nobody is doing well. Only the very very wealthy is doing well, rest are doing worse, no matter what their education is.
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