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21  Economy / Trading Discussion / Re: Day trading or Long term on: May 20, 2024, 01:15:38 PM
So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better


I'm trying to understand what OP means, seems to be considering both options. OP realizes that day trading crypto and buying for long term storage have their own advantages and disadvantages. I think it all depends on our principles in terms of considering investment goals and the planned time period for investing, if you choose short-term goals and are ready to take higher risks then crypto daily trading is more suitable, However, if you have long-term goals and want to avoiding volatile price fluctuations, buying for long-term storage may be a better choice.
Consider the extent to which you are prepared to take risks in your investments. However I suggest that If you feel more comfortable with lower risk and want to avoid the stress associated with active trading, choosing to buy and hold long term could be a more profitable option.
22  Bitcoin / Project Development / Re: Innovative services on: May 19, 2024, 11:44:01 AM
Introduction of blockchain technology as the basis of Bitcoin,
Enables secure, transparent and decentralized transactions.
does not require a third party as an intermediary. This is the advantage of BTcoin's innovative service with fast and cheap transactions, not limited by geographical boundaries.
Using Bitcoin as a safer and more privacy-preserving means of payment. and Bitcoin related innovative services also do
The development of digital wallets and trading platforms makes it easier for users to store, send and exchange bitcoins for traditional currencies. However, no matter how good the innovation is, of course there are risks that need to be taken into account, namely high price fluctuations and the potential for misuse in illegal activities. However, of course the existence of risk factors must be really taken into account by formulating regulations and education, with adequate regulations to ensure the sustainability and safety of this innovative service as well as
Properly educate users regarding the risks associated with this service.
With innovative services in the context of bitcoin, users can speed up and simplify financial transactions, as well as gain greater flexibility and accessibility. However, a good understanding of the risks involved is also important in making optimal use of these services.
23  Economy / Trading Discussion / Re: Trading is not a lifetime job. on: May 19, 2024, 11:04:20 AM
For me trading is indeed not the main job or job that should not be made as the main income to make ends meet, but that does not mean you should not be involved in the world of trading for life, because after all it is your own choice where if for example you feel fine and have the ability in terms of managing and controlling your trading well then there is no problem if for example you want to stay involved in the world of trading until you are old.

Another thing as I said above that in my opinion what is not allowed is to make trading the only job to make ends meet because obviously one of the reasons however trading will always be a risky activity regardless of the chances of getting profit, which is what is worried about is when you are in dire need of money to make ends meet while on the other hand you even experience losses in trading for some reason, and obviously this creates problems that have an impact on the family.


I agree that trading is not a job for a lifetime. Although trading can be a profitable source of income, there are high risks and market volatility that are difficult to predict. In addition, the ability to generate consistent profits in the long term also requires a lot of knowledge and experience. Akibatnya, untuk menghindari bergantung sepenuhnya pada trading, it is essential to have a broader financial plan and diversify investments. Additionally, maintaining a balance between your personal and professional lives is also crucial. Trading can be a part of a short-term or side financial strategy, but it should not be your entire livelihood.
24  Economy / Economics / Re: This Will make you rich on: May 18, 2024, 02:54:18 PM
First ask yourself who you want to be ?
Rich by wealth 90% 60%-80% ? Or 20% ?
What about the 1% ?
The wealth is info and knowledge what you know and others don't know.
You want to be that 1% ?
So you have to go against the 99% of the world so you get allmost like 99% of traders investors gamblers money.
If you want that go take your time and think what the 1% might be doing now ?
But there is same % of top winners and top losers both are the 1% so while doing some move what nobody don't know about you might lose all or win big.
Sure you can make good profit with btc or meme coins but that's not what the 1% will do now because too many people expecting and waiting the same thing.
Take now your time go learn the market think hard because If you could hit right you could make a lot profit.
Im busy to figure out what could be that 1% move the biggest jackpot.

It is important to live a balanced life between achieving the goals of wealth and success, maintaining important values, and establishing good social relationships with the people around us. Achieving success and wealth does not have to be the only focus in life, but must also be seen as part of a larger life goal.
My opinion is that the 1% have leveraged their deep knowledge of the markets and careful investment strategies to make huge profits. They may be more inclined towards long-term investments and portfolio diversification, rather than relying on short-lived market trends such as BTC or meme coins. Their success often comes from a deep understanding of risk and wise financial management.
25  Economy / Economics / Re: Marketing Strategies in the Digital Age on: May 18, 2024, 02:39:44 PM
I’ve noticed that using online platforms lets you reach out to people everywhere, unlike before when it was pretty limited. Being able to measure everything online also means you can make your marketing better and more personalized.
This current age things are easy especially with the kind of technology in operating. And social media have made everything easy. You can use social media to promote your product you even need to spend much on promotion and marketing. Technology have opened people’s eyes and made everything very easy. Because one of the things that makes your product known to people is marketing. And if your marketing is good then the result will be known in the demand because people will find your products facilitating and will have high interest to buy your products based on the way it was presented. Because without marketing there is no way you will have good sales every business needs focus on marketing.

I agree with his opinion, let me add a little discussion, first of all, maintaining the quality of the product itself is very important in determining its success. Even though good marketing can attract consumer attention, if your product is not of high quality, consumers will not be happy and this can close down opportunities for your business.
You need to know who your target audience is, what they need, and how you can meet those needs.
Create ideal consumer profiles and study their demographic characteristics such as age, income, hobbies and interests. This can help you understand the best way to reach them and shape the right marketing message.
By focusing on consumer profiles, using data, focusing on social media, and testing experiences, you can definitely achieve more effective marketing results and increase the success of your business and attract audience interest in your products and services.
26  Economy / Economics / Re: Do you feel that the global economy is declining? on: May 18, 2024, 11:20:13 AM
I noticed it from my country economy, which I thought is only my country that is experiencing this inflation until some of my friends who lives in other countries to confirmed to me that the inflation is global and is making the price of commodities to continue increasing every day.

Some products, I bought last year, it has doubled up this year and it makes people salary not to feed their family well like the way they use to used the salary to feed and still use it to set up some business in the community because inflation has takeover the economy.

I guess government will do something that will make the economy to improve higher, because people are not smiling with this global inflation because it the responsibility of every government to create a good economy for their citizens to experience.
Many did double up this year and I don't know for how long this kind of inflation will continue. That is because of different situations that we're facing from wars and those matters related to oil so, everything has been impacted by those factors. We won't be back to the former or if we are, it's not the same anymore and still far from what we used to witness at that time. While we can't do anything with it, the government truly is the first responder on this one and shall do matters this inflation.

Inflation is undoubtedly a contributing factor in this instance, but a lot of nations are currently facing slow economic growth, which is one of the key indicators of a downturn in the world economy. The fall in investment is yet another significant indicator of the current downturn in the world economy. Because of the uncertainty, many investors are hesitant to provide capital to some countries.
Please keep in mind, though, that the state of the economy is subject to periodic fluctuations due to a variety of factors, including alterations in international markets and governmental policies.
27  Economy / Economics / Re: Ever dreamt of turning your passion into profit? on: May 18, 2024, 11:02:50 AM
to fulfill one's own desires It can be a really fulfilling experience to turn our passion into a business. There is a sense of purpose and fulfillment that comes from doing work we love that other jobs just cannot match. Increased general happiness and wellbeing may result from this.
But no matter how hard we work to realize our goals, there will always be some risk involved. Beginning a business is dangerous, and failure is a constant possibility. We expose ourselves to risk when we turn our passion into a business, both financially and emotionally. It feels like a personal failure when a business fails.
28  Bitcoin / Development & Technical Discussion / Re: Lightning Network and its great importance to Bitcoin network on: May 18, 2024, 10:40:13 AM
The Bitcoin network would definitely benefit from using the Lightning Network as a second-layer protocol to enable faster and more effective transactions, which could lower transaction costs and times as well as increase network scalability by allowing more transactions to be completed. Because the Lightning Network processes the majority of transactions, it offers increased security and privacy to Bitcoin users.
However, before the Lightning Network is widely used, a number of possible security flaws must be fixed. This is still in the development stage.
29  Economy / Trading Discussion / Re: Trading not for everyone! on: May 17, 2024, 08:27:19 AM
It is for those people that have perseverance and patience that is a must for me in trading because you'll have ups and downs like the candles in your journey learning in trading, and mostly those not patient enough will quit along the way because they tend to want to take a shortcut and earn over night. Also, this means that trading is a skill that is obtained by a person, and without it, it is not for you, and you can't earn a penny from it unless you learn it from scratch.

I really agree with your thoughts, trading does involve a number of risks and challenges that not everyone is ready to face. However, even though trading is not suitable for everyone, there is no harm in people learning things related to trading, such as basic financial knowledge, analytical skills and learning how to manage risk, this can be useful for anyone, and can also learn about how financial markets operate.
30  Economy / Economics / Re: Digital Bank on: May 17, 2024, 03:44:41 AM
Anyone who is familiar with digital bank?  All I know is that, unlike traditional bank, they do not have the bank building hence saving them from all costs related to it.  In my country, they are offering higher interest rates returns compare to their traditional bank counterpart.  Anyone knows the reason why they can do that?  Also, what is the pros and cons of using digital bank instead of traditional bank?

yes, that's right, one of the financial institutions that provides banking services via a digital platform without a physical presence is a digital bank, and offers higher interest which is very attractive, why is that, because of what I said earlier where digital banks do not have a physical branch network. In broad terms, in terms of that alone they save costs on rent, maintenance and salaries of branch staff, then can reduce operational costs. This allows digital banks to offer more competitive interest rates to their customers. Of course there are many advantages and disadvantages of digital banks in the world of banking. benefits, but also has several negative impacts that need to be considered, including cyber security risks, lack of personal interaction, service limitations and so on.
31  Economy / Economics / Re: The Role of Education in Financial Literacy on: May 17, 2024, 02:38:12 AM
How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency

As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?

While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.

On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.

Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.
In my opinion, equipping yourself with important knowledge to be successful in the world of cryptocurrency requires a deep understanding of several aspects. Which we must know the basics of blockchain which is a decentralized digital ledger that records all transactions transparently and securely, so we must know about crypto currency, types of crypto wallets, how to maintain the security of crypto assets, including avoiding fraud and cyber attacks. Besides that, we also have to understand market analysis and trading, including regulations and legality.
32  Bitcoin / Bitcoin Discussion / Re: Does the world know about Bitcoin? on: May 16, 2024, 05:44:22 PM
To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

People's understanding of Bitcoin appears to differ across the globe, potentially with certain areas having less familiarity. However, with the internet becoming more accessible worldwide, individuals are gaining greater exposure to information about Bitcoin. Sharing perspectives and insights on this digital asset remains essential to enable informed decision-making on a global scale.
33  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Help you make money faster on: May 16, 2024, 05:23:15 PM
That's really a very attractive offer, right, but I personally am not at all interested in the offer given as the OP mentioned, I myself believe more in everything that has a process, to achieve success or profit in investing with crypto, that's not instant, unless luck is on your side, but believe me, if you have knowledge, effort and consistency, I think success will be on your side.

I completely agree with you that everything requires time and effort; however, I'm curious to find out more about the OP's strategies for accelerating my income generation. What specific tactics or recommendations do you have to offer? As I share my knowledge in this forum and am always open to new opportunities, perhaps the answers offered will spark new ideas in me to help me make money more quickly.
34  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Good Crypto Exchanges With Cheap Listing Fees on: May 16, 2024, 03:44:35 PM
Binance has said before that they're good listing a project for free as long as they think that you've got the best project.
How to achieve that? I don't know, maybe make the most impressive project after all and you'll get a free listing from them.
If it's cheap listing, you're likely end up with those exchanges that don't have that much reputation and volume. Increase your budget and you'll get what you're looking for.

It is absolutely true what you say that Binance is known as one of the largest crypto exchanges in the world with daily trading volumes that often reach billions of dollars. There is no fee to register on Binance. Apart from that, I saw from several sources that there is a 25% discount if you use BNB (Binance Coin) to pay the trading fees. then crypto deposits on Binance are free. In terms of security, Binance is very tight and also provides various features and advantages, so it is not wrong that Binance is the right choice for various types of traders, from beginners to experienced ones.
35  Bitcoin / Mining / Re: Bitcoin mining on a laptop in 2024 on: May 16, 2024, 02:01:22 PM
If you want to mine bitcoin, you will need to buy ASIC. This machine is very power and generated higher hash rates. Buy the new ones that produces more hash rates starting from S19 or higher version. You need cheap electricity. The ASIC consume electricity a lot. You will need to calculate the electricity the machine will be consuming before buying it at all. You can not mine bitcoin with GPU not to talk of CPU.

NotFuzzyWarm provided a link, read it to understand more.

This is pretty clear, to mine Bitcoins efficiently, you need special machines called ASICs. These machines are very powerful and can produce high hash rates, which is very important for the Bitcoin mining process. For the best, buy newer versions, like you said S19 or higher, as they can produce higher hash rates.
Although many people agree that Bitcoin mining with ASIC machines is the most efficient, I have a slightly different opinion. I think there are some things that could make ASIC machines less suitable for some miners, such as cost issues; ASIC machines do not have extraordinary performance, but the initial cost of purchasing these machines can be very high. Investment for small miners or individuals just starting out
36  Bitcoin / Bitcoin Discussion / Re: Which seed should i choose? on: May 16, 2024, 01:39:48 PM

i only plan to carefully write the seed on a piece of paper (or better engrave
the seed on steel) before leaving. That being said, i noticed that Electrum
said that BIP39 seed might no longer be supported in the future, and, one the other hand, if i
create an Electrum seed it might not be accepted on other devices. Since my
aim is obviously to have access to my BTC later, i'm puzzled. How can i predidict the
standards in ten years?

Perhaps saving the master private key as a QR code might be a better idea...

One of the importance of seed phrase is the ease to back one’s wallets without having to store the master private key or any key at all. I get where you’re concerned about, like electrum not been in existence again, currently there is a BlueWallet that is said to support the custom seed phrase from electrum wallet.

But aside that should they stop to build/develop the wallet again, another developer could easily build it up since its source codes are open.

But also if at a time there is no wallet that supports the seed phrase, you can still generate the master private key from the seed phrase using tools because the method it uses to generate its seed is not that different from the Bip39 seed phrase. So there is nothing to worry about

In choosing the right crypto wallet, the seed phrase is a very important factor. For what reason? therefore making it easier to support wallets without the need to store secret keys. With the open source code, other developers can take over or rebuild the wallet, although there are concerns if the wallet stops being developed.
Don't worry if there are wallets that don't support seed phrases. With other tools, you can still generate secret seed phrases. This method is the same as using a Bip39 seed phrase, so you don't need to worry about the availability of wallet support because the seed phrase is easy to use and secure.
37  Economy / Trading Discussion / Re: Tips for local transactions on: May 16, 2024, 12:51:34 PM
I always do local transactions with an exchange house, it is the safest for me because I do not have access to banks nor do I do any type of transaction to give the government a way to be investigated, if we start to see the exchange houses already have their ways of being able to evade or pay taxes, not us, of course what I did was the following, go to the exchange house that exchanges local currency for Eur, DOLLARS and COP, I must emphasize that at first it was very difficult to get , because they had not adapted to this, but currently there is and there are many associated services, also with Binance it is fast, the bad thing is that Binance is very centralized and can give some details of our KYC to governments when requested


In the context of local transactions, the significance of security and privacy cannot be overstated. Individuals, particularly those lacking access to banking facilities or prioritizing financial discretion, perceive a heightened sense of security when utilizing exchange house services. However, it is imperative to acknowledge the inherent risks associated with such services, notably concerning service reliability and the safeguarding of user data.

Furthermore, it is pertinent to recognize the jurisdictional disparities in tax legislation and enforcement across nations. Consequently, it falls upon each individual to fulfill their tax obligations in accordance with the prevailing laws and regulations of their respective jurisdictions.
38  Local / Bahasa Indonesia (Indonesian) / Re: Mobile Banking Hanya untuk cek saldo?, ya Explorer aja. on: May 16, 2024, 12:30:07 PM
Ada sisi negatif dari penggunaan smartphone dalam melakukan transaksi baik itu dalam bentuk uang maupun bitcoin, namun perlu digarisbawahi juga bahwa tidak selalu kita membawa laptop ke manapun kita pergi. Kecuali memang laptop tersebut sudah jadi bagian yang tak pernah lepas dari genggaman. Namun kembali lagi, hal ini ditentukan dari perspektif dan sudut pandang masing masing pengguna. Kita tidak bisa memaksakan orang lain untuk mengikuti cara yang kita lakukan. Bisa jadi pendapat mereka jauh lebih baik daripada pendapat yang kita kemukakan.
Benar sekali apa yang disampaikan semua bagaimana sudut pandang orang masing-masing, dan menurut saya Penggunaan smartphone untuk transaksi keuangan menawarkan banyak kepraktisan dan fleksibilitas, memungkinkan transaksi kapan saja dan dimana saja, mendukung gaya hidup modern yang serba cepat.memang risiko keamanan memang ada, namun risiko tersebut dapat dikurangi dengan mengambil tindakan seperti autentikasi dua faktor dan enkripsi.selain itu, mobile banking kini menawarkan fitur seperti memeriksa saldo serta mengirim uang, membayar tagihan, berinvestasi, dan banyak lagi.maka Oleh karena itu, terlepas dari semua kekhawatiran terhadap risiko tersebut, keuntungan menggunakan ponsel pintar untuk transaksi keuangan sangatlah signifikan, dan setiap orang berhak memilih metode yang paling sesuai untuk mereka.
39  Economy / Goods / Re: Prevention is better than a cure. Please escrow. on: May 15, 2024, 08:16:44 AM
Fine and ideally, 'Prevention is better than cure' is the wise saying which I strongly support on the issue of ESCROW. May I affirm at the same time that every business needs be done with adequate and extra ordinary caution, because 'He who failed to plan is definitely planning to fail'. On this forum, major and essential business/trading carried out is likely going to flaw or probably enter total loss without the use of Escrow.. Experience is the master teacher, it has occurred to me once where I out of patience PM an unknown agent and deal personally with him, I got all my coins swapped away just like that with nothing happened. Therefore, I thanked you so seriously coming out with this teachings and lesson that deals be done having Escrow as intermediary to play safe. Additionally, I also recommend well known and established Escrow, not minding the charges involved. Roll Eyes Roll Eyes Roll Eyes

What was said is very true. In every aspect of life, be it health or finances, prevention is the wisest step. Therefore, having words of wisdom like these can motivate us, both in terms of taking care of ourselves
good health of body and mind. Get regular check-ups, eat nutritious food, exercise regularly, and avoid habits that damage your health. Preventing disease is better than treating it. then also from the financial sector plan carefully to save for the future and avoid unnecessary debt.By following the principle "Prevention is better than cure," we can live a healthier life, so that we can achieve a better and more sustainable life .
40  Economy / Economics / Re: Is Inflation Necessary on: May 15, 2024, 06:12:29 AM
I think inflation has never been good and the higher its rates the worst because this means that the price of the goods are at their all-time high and if not, it was also the value of the currencies are the ones who are declining. People losing jobs are I think part of it and as well as the deterioration of an economy, so IDK know what you are talking about there or where did you get that info when you are saying the opposite of what I've said.

Even if there are no inflations or economic problems, there are just abusers around us and this makes our situation in life worse but we still can do something like ignore them, or much better if we will report them to the higher authorities.

Not necessarily inflation is all bad, along with increasing inflation, salaries or wages and income also tend to increase, although purchasing power may not increase significantly but a nominal increase in income can give people a feeling of being more financially capable. This has the potential to increase confidence in spending and investment, all of this also depends on government policies in seeking to increase people's economic growth, of course, by increasing targeted desector subsidies.
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