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21  Economy / Trading Discussion / Re: TRADERS are not UNEMPLOYED on: June 27, 2024, 06:35:12 PM
Yes, I thought that too. Trading is just a way to make money, but not something that can be categorized as a job. However, we can see it as a job, when the person has actually made money from it. However, some people actually get losses, and I think, it's not a job if it results in losses. However, I think quite a lot of people are proud when they are used to making money from trading and think that it is their job.
If we want to make money from trading, of course we must first have expertise in trading and must also have experience in the field of trading because without having skills and experience, of course there is very little chance of making a profit and I view trading as just a side job and if so If you want to make trading a source of income, of course we have to really follow market movements and news about the assets we are trading, but I think this is very difficult and it would be better if we made it an additional source of income and must still have a main source of income for can meet our needs.
In my long years of trading and being a tutor, I am sure to say that trading is risky and many will never be able to make money from it but to waste the little they have into it. For this, it will be so disastrous to take it as your only source of income, but instead taking it as a means to earn passive income is a very good plan. What we should consider as a means of living is what can give us a near-guaranteed income at a regular period of time and not something that is risky like trading. If at all you are so good at trading (which is an exception to this), it can still be risky to rely on it. There should be a plan B from the already earned income in case things start falling apart in trading.

I said this because there is no perfect trader and no matter how good and managerial you are in it, the test of time may fall in that will scatter all that you had gathered. This is also irrespective of how long you've been trading or the learning you have gathered, it is only about the nature of trading itself. Trading will trick you into losing even as you will fall victim due to the susceptibility of human nature to emotions and irrational decisions. The best is to have another source (s) of income and I am sure that this will lessen the issues that could arise from trading and also the pressing financial needs.
And this is something that they should realize and not really that making themselves that easily believe too much that trading is really just that an easy thing. It would really be taking lots of years before you would really be making yourself that sustainable or simply having that a good grasps into this market on which we know that this isnt really that simple. Somehow there are individuals who are really that good when it comes to this aspect on which they do really be able to make those good trades in just a matter of few months or even just 1 year. It would really be just that depending on a certain individual since not all would really be that fast learners. Also, when it comes on making it as a replacement for a job then better think twice and just like on what you have said that instead of earning then you would really be rather than making yourself
losing money because it is really that needing for you to make those buy and sell on which on the price of the market we do have on which its volatile then it would be understandable that instead of making money
you would really be rather be losing instead. So it would be a matter of risks taking on this manner.
22  Alternate cryptocurrencies / Altcoin Discussion / Re: What's the biggest airdrop you've ever received? on: June 27, 2024, 04:46:07 PM
To be honest, until now I personally have never received any airdrop, either I don't have expertise in the field of airdrops or I'm unlucky and inconsistent in the field, currently I'm only focusing on the altcoins that I have, especially now that the crypto market, especially altcoins, has starting to get better and just waiting for the increase.

Getting reward from Airdrops does not mean that you will participate in just one and will get a jackpot but you should participate in each and every airdrop and also in those who ask for charges so when time comes and you are eligible for airdrop then you will surely receive reward.

Some people participate in just a single airdrop and if he does not receive a reward from it then he stops to participate in others but I think this is not a good idea and one should not lose hope. Learn about the participation and know about the work for which you will become eligible for getting Airdrops so you will not be disappointed with your luck anymore.
This is where some people are doing on which there are even individuals who do make out that full time engagement with airdrops on which they would really be that joining all possible or launched airdrops and there are
even into those people who do really tend to abuse it and this is why they do make out even hundreds or thousands when it comes to that free money on which of course it would really be that only if they wont really be getting get caught. Airdrops nowadays are really that too serious on combatting when it comes to cheaters on which this is something which it isnt really that shocking to have.
In regarding on the question on the biggest one is something that i cant remember precisely but these are the list:

1. Arkham $1000+
2. Notcoin $500+
3. ZK - $500+
4. ZRO - $500
5. TAIKO - $2000+

Some of them are free but majority is really that providing transactions or really needing up some gas to have
interaction on which i could say that it is really that still risky.
23  Economy / Gambling discussion / Re: Won $4 Million and Died… on: June 26, 2024, 09:39:06 PM
So far and as long as I've been gambling honestly I've never had a win that was fairly large so I've never experienced anything like what the OP told you, but yes of course it's an unexpected case, which is where getting a big win is a fun and festive situation but instead ends in sadness, and I'm sure at first the person never thought that he would give such a significant response when he won a big win, or simply this is an event that really never occurred to anyone before.

But maybe the problem can be avoided when we realize that we have health problems within us, such as having heart disease which is certainly very susceptible to relapse when someone experiences something surprising, which means they have to avoid various activities that can or potentially cause unlimited sensations, but maybe the person did not think that far.
Winning up something that you do know that this could changed up your life would really be putting up your emotions into peak but i havent heard about dying because of too much happiness or being too glad
basing up into the situation, not unless if you do have some heart surgery and issues or illness then having that sudden shock whether positive or negative could really be giving out that kind of possible effect
on which we know that on the moment that you would be able to know something and you hadnt that been expecting then it would really be giving out that kind of surge on which this might be the reason on why he died
on winning up something big like this. We dont really hope for this kind of disaster to someone but this one shows that on the moment that you cant control your emotions then you would really be ending up something like
this.

just like on what others been saying that it is really just that a waste that he wont really be able to make use or experience on spending those millions
just because he had let himself died on the moment that he knew about this condition.
24  Bitcoin / Bitcoin Discussion / Re: Quit the doubt, it's not too late for Bitcoin investment. on: June 26, 2024, 08:52:59 PM
Those people who think you're late investing in Bitcoin are those who are afraid to lose money. Investing always has a risk but if you believe in Bitcoin and if you can control your emotions then profitability will only come every 4 years, people who know more about Bitcoin already know the cycle every 4 years it is proven to always reach the new ATH.
Newbies or people who do not have much knowledge about Bitcoin are people who will always lose in the end because fear will consume them and lead to selling all their holdings.
Their is no late time to invest in bitcoin but fear allows some people to feel that their is only a time when it is good to buy bitcoin to hodl. For those who truly understands bitcoin it is always good to buy bitcoin whenever one can afford it, waiting for the price to get to the amount which is okay with one can be a waste of time. Buying now is a good opportunity that may take a longer time for one  to come across it again.

But I don't really blame those who think it is always late to invest in bitcoin because they do not have the real understanding to know that everything is an opportunity to buy bitcoin to invest.
What makes them hesitate is that on the moment that they've seen the price is already that high then they would really be having those thoughts that they should wait for the price to go down or having those crashes
and this is the main reason on why there would really be those people who do get left behind on the moment that the price would really be moving upwards and this is where regret would really be tending to kick in
and making those regrets that they should have invested or entered on that particular time on the moment that they have seen it.  Its never been too late for Bitcoin investment, although you should really be that making yourself wary that when it comes to potential profits that you could possibly get then it would really be just that depending on how much that you have invested and also dont expect for something easy x2 or x3 with the price because basing up on the current price of Bitcoin now and its marketcap then it wont really be that easy on achieving those high prices but well it would really be just that depending on you whether you could
really be able to handle out such thing or you would really be opting out on investing with altcoins.
25  Economy / Economics / Re: Take care of your money and learn to save. on: June 26, 2024, 07:26:56 PM
Yeah right, if you play well with your money and have that savings and investments, it will save you or keep you from barrowing in case that there's emergency that take place, you can use what you save and not bother anyone if you have some financial needs, it's true that everyone can also look at it as good way preventing you from over exceeding with your income, a wise man always find ways to make sure that the money they've got will actually works for them.


It is always better to have savings in case of any future emergency. Whatever amount someone is earning as salary or wages, we should always try to have savings so that if any emergency comes up, we can solve it. Many people do not always have savings, relying on the fact that they are not receiving a reasonable amount. However, when we plan well, even the amount we are seeing is not that much, we can still have savings. Investment is also very important if we have money to invest because that is the only way that someone's money will grow.If we look well and invest wisely, and have separate savings to avoid attempting to invest everything, life will be easier. Even if any emergency comes up, it will not be a big worry for us.


Following you, with investment it allows your money to grow and work for you, it's better to have that portion when do you have savings on your account not just a pure savings but also something that will allow you to earn while using your save money,  but also it's needed to separate those two as there's always emergencies that we needed to address, split your savings that will alow you to fill your needs in case that you'll need to take of something that needed an immediate response that will affects your finances.
There should really be that a division and this is something that you should really need to consider on which we know that on the moment that you've seen yourself on such condition and having those set up plans
about this and that, then it would really be just that right that you would really be needing up that proper planning and this is something which is really that recommended on doing so. Taking care of your money and tending to maintain out that flow of income on which this is the primary target that all of us would really be trying out to do so. Saving up would really be something that will really be just that in default and this is something that needs up to be considered because not all the time we would really be having that good stable income or money or financial condition.

You would really be able to make yourself having that back up on the moment that you will really be having those savings and this is something that you should really be watching out because
trying out not to put up some allocation in savings will really be imposing those potential problems.
26  Economy / Trading Discussion / Re: Why do many people fail in trade? on: June 26, 2024, 06:57:04 PM
I see a lot of new traders entering the scene and learning all the "buzzwords" and then think that knowing the talk of the trade will make them successful. 🙄

There are a lot of hurdles to pass, before you can rate yourself as a succesfull trader and beating your own ego are one of the most important aspects.

The second thing are "beating your fear"... a lot of people know how to trade, but fear are holding them back.
After all, trading never works through words but through action and decision-making. Yeah, we see a lot of new traders and I assume they are knowledgeable enough and aware of the situation they choose. And I hope they would think more deeply and understand that trading is not gambling that we think of having a piece of luck just to earn but instead, must rely on our knowledge and skills. Because I know they can manage their emotions once fully understand how this thing works.
You would really be able to realize for yourself on what are the things that you would really be mainly needing on the moment that you would really be dealing up with trading on which of course this isnt really just that good for those words but rather it would really be that something that you would really be needing to act wisely and making those move on which you do know that it would really be bringing out that advantage.
Failures and mistakes would really be that common on which considering that trading is never been that easy in the first place. On the moment that you do find yourself having such tough situation then you would really be finding yourself having that kind of adjustment if ever you would be having that realistic approach on things. If you do fail then dont tend to quit immediately.

We do know that when it comes to learning then it would really be coming from you whether you would really be making out some adjustments or would really be totally quitting just because
you cant really be able to bare up such condition?
27  Economy / Gambling discussion / Re: Does anyone really win the max reward on Free Wheel Spin of a casino? on: June 25, 2024, 09:43:10 PM
I’m just intrigued if there’s really a user recorded that win the maximum reward since lucky wheel introduced in the crypto casino?

I frequently saw a 1BTC, 8.88BTC and other huge Bitcoin figure as max reward on this free spin on casino wheels yet only the minimum is the frequent rewards won despite of so many players keep trying to spin in daily basis. So despite how low the odds is, there should be a winner of this wheel considering the amount player trying it on daily basis.


Of course there is,but hitting up that would really be that on very low odds on which it is really that understandable or yet this is really just that part of the business on which of course
it would really be that normal that they would really be making it something big to lure in people to make their rolls and would really be wasting up their gambling funds on which its something a cycle.
It would really be continuing and with those very low chance then it would really be something that brings out revenue considering that there would really be tons of people who would really be testing out
on spinning up that wheel. Getting some those max rewards arent something that would really be just that a walk in the park thing.  Grin
28  Bitcoin / Bitcoin Discussion / Re: Have you successfully influenced someone to invest in bitcoin ? on: June 25, 2024, 08:56:45 PM
Recently uncle sent me an invitation on telegram to join Hamster tapping game. First I got confused and thought that this is scam or he clicked somewhere and now is hacked. Later he called me asked to join under his ref. link. He told me that this game is a better way to spend time, than solving crosswords (he is already retired). He though it was just a game, that promises to give "some crypto later". I have explained him some basics and gave few link to read about crypto. I cant say that I have influenced him to invest (I have warned him about risks), but I better call it that I have introduced him to a more wider world of crypto.
Not really that shocking that hamster combat did really make that hype on which even into my local country page did really flood out tons of post not only just that limited to hamster but also in other tapping games.
Same as on the situation you have pointed out on which my niece asked me about the game and currently now tapping up some games but didnt know about what crypto is all about. This is why i did make out
some simple explanation that she could be able to understand at least and later on did really make out some more questions on which i had explained everything that i could but of course just
like on what you have said that explaining up the risks included into it would really be that recommended or something that you must not forget.

I would really be just that interested on making up some explaination to close friends or loved ones or relatives but of course you shouldnt really be giving out any guarantees
that they could make money so that you wont really be getting  blamed in the end.
29  Economy / Speculation / Re: Is investing in cryptocurrency a risky game? 🚨 on: June 25, 2024, 06:58:33 PM
Hi everyone, I'm still learning about crypto currency and the lots but I  wanted to share a conversation I had with a friend.  

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know
Investment does have that particular risks involved on which this is something that would really be basing up into your own choice whether you would really be trying out to
deal with it or would really be that trying out to avoid as much as you could. You cant be able to force up someone on making some investment. If he/she turned out to be that skeptical with it,
then let them be on which it wouldnt really be that wise on forcing up someone on investing on which he isnt really that accepting the risks because on the moment that he/she would lost up money
then it would really be definitely be ending up for you to be that getting blamed in the end because you have forced him/her on which this is something that i dont really like.

This is the main reason why on which i dont really tend to make some recommendation or trying out to hook someone on investing on crypto because i do have some bad
experience about being blamed on the moment that they have lost money and after that then i didnt tend to make those suggestions again.
30  Alternate cryptocurrencies / Altcoin Discussion / Re: How it everyone feeling during this altcoin crash? on: June 25, 2024, 05:47:12 PM
My altcoin portfolio was +83% on the 9th June but is now +51% just 9 days later.

I am buying some dips but mainly just holding during these times and hoping we recover in the coming weeks.

When will this crash stop? and how is everyone feeling?

I have it in my mind we still have a few more months till alt season so I am just holding on for now.
On the moment that you would really be seeing  your portfolio is dropping then it would really be that so damn hard to make yourself that not able to have those kind of reactions or making yourself that stone cold.
If you are someone whose really that dealing up with this market on a couple of years or long time then these movements wont really be that shocking anymore. For those who are just starting up then it would be
normal that there would really be that freaking out or having that kind of worrying inside on the moment that they will really be seeing some crash on which i could say that it would really be just that normal.
Holding up your position would really be just that entirely depending on you because if you do have trust about on the coins or project on you've been holding then you would stood your ground and wont really be
trying to take profits.

The hard thing on these moments is that on the time that you have seen your port on 0% or negative profits on which it would really be making already that kind of hesitation
and you might be ending up on cutting your losses on the moment that it would happen. This is why it would really be that situational on this part if we do speak
about these probabilities.
31  Economy / Gambling discussion / Re: Avoid Miscalculated Risks In Gambling. on: June 24, 2024, 09:53:26 PM
Looking at your topic of discussion I am tempted to ask, what is the difference between miscalculated risk and uncalculated risk ?
There's no difference between miscalculated risk and uncalculated risk because both are considered as risk and could be cause of huge losses.

Some people calculate their risks and when they aren't able to calculate the risks properly then they say miscalculated risk while others avoid calculating their risks and continue taking more and more risks.

We all know that gambling is a risky thing and those who take huge risks with high odds often end up losing the amount they betted.


Highly agree into these words on which these are really that on point.Whether which way you would really be tending to go, as long you are dealing up with gambling then you are really just that basically dealing up with risk.

The only thing that you should really be needing to look upon is on how you would really be able to assess yourself that realistically on dealing up with gambling. Spend only on the amount that you can afford to lose
and you wont really be tending to check nor really that tend to see about on how much you have lost since you had already fixated yourself or having those anticipations that you would really be losing it all.
Risks on what you can afford to lose and you wont really be that minding yourself about these matters.

On the moment that you would be making bad decisions then we do know on where it would really be ending up and this is something that you
should really be avoiding at all cost.
32  Economy / Trading Discussion / Re: The pressure,fear and indecisiveness that comes with trading. on: June 24, 2024, 08:41:48 PM
Trading has always had it ups and downs,but you come to realize that those ups and downs are what really makes trading interest and unpredictable,this is the reason why before one becomes a trader,he should try to see the risks of it and the good side of it because if he rushes  into it without making some research about it,knowing the right things to do,it will down on him at the zero zero hour.
Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Sooner or later you would really be able to have those things be learnt up on which it would really be just that normal that it would really be that a huge swings into your emotion and with your mental condition on the moment that you are dealing with an unpredictable market on which it would really be causing up for your money or or funds to move neither negative or positive on which it would really be that basing or depending on the market condition. This is why on the moment that you would be having that active engagement with it will really be surely be making things to be more clearer on which you would really be able to encounter things and getting used to it and it would be a normal approach or action to be made or simply making out some adjustments on which it would be a normal approach thing.

Fear,anxiety and other emotions or even mind conditions or psychological aspect could really be able to experience on the moment that you would be finding yourself on such situation.
Just like been said that it would really be just that normal and you would be making that action and dealing with it accordingly.
33  Economy / Trading Discussion / Re: How tough is futures in comparison to spot trading on: June 24, 2024, 07:54:46 PM
I plan to learn futures trading and dive into it fully, I've been demo trading for a while now and I've been doing fine and I think I can make the big jump now maybe because the exchange I'm using is offering events for first time futures traders lol

But I'm sure you guys have traded futures a lot, how hard is it compared to spot?

Better to make yourself be mastered first on spot trading with live account or balance before you would really be tending to jump into futures. Also, if you are doing good or making some
good results or positive in demo trading then this is something that a solid indication that you would really be just also fine on doing live futures trading because if you do tend to compare demo with live
trading or with having that real balance trading then it would really be that a complete different story. This is why it would really be that recommended that you should be sticking with spot
first and then on futures or never ever touch futures if you arent that prepared on losing that big and very fast.

Still curious about your ability to trade? Then try it and see for yourself but dont blame on the moment that you do get easily liquidate.  Cheesy
34  Economy / Economics / Re: Our decision making is responsible for the outcomes in our ways on: June 21, 2024, 07:35:17 PM

That's true and that is something that someone has to change, such as lifestyle, if for example they have a glamorous lifestyle such as often wasting the money you have only on something that is basically not very important or not really needed then clearly avoid it and change these habits, we can see that rich people have good management and always make decisions wisely, one of the small things is like buying something, if they don't feel they need it then they won't buy it.

People who have now succeeded in achieving wealth in their lives have different principles and mindsets, especially they have good firmness and discipline towards the use of money, they are frugal and that doesn't mean they are stingy, because usually most of the money they have is used for something. which has the potential to be profitable in the future rather than buying everything that is not important and does not have commensurate or greater reward value in the future. And yes, it is true that achieving wealth is not as easy as turning the palm of your hand, everyone wants to be rich but not all of them are able to go through the process of difficulty, and having financial management is the first step to moving on to the struggle stage.
If we follow the daily lives of those who are already successful, maybe our insight will open up, because from the way they wake up in the morning when people are still sleeping to taking the time to pray and not forgetting to exercise before going to the office, it feels hard, but it turns out that if you get used to it then you no longer look heavy, and your body can be fit so that it has an impact on maximum work results

Of course, and I once heard a story from one of the people who has now achieved success in my country, where initially he was a person who had a dire financial situation or was on the poverty line and every week he always set aside a small portion of the remaining money he needed which was The money was used to go to a luxury cafe where rich people rest or spend their free time. His goal was very simple, where he said that he just wanted to see how rich people dressed and how rich people spoke directly in front of his eyes.

I can't say in detail about what the person I told you about at that time got it, but what is certain is that he followed everything that rich people do, whether it be from the style of dress, style of speaking and attitude as well as other personalities that It is in a rich person that he applies all these things to himself, and in the end he can really become a successful person by owning many big businesses. On the other hand, I was quite moved when I saw the method he was doing, even though it looked simple, it really had an influence and had a positive impact on his personality where everything he saw succeeded in opening up his insight and knowledge. This means that if you have passion and intention and are strong and work hard then you will think of doing various things even though they seem unreasonable or useless from other people's point of view in order to make your dreams come true.
When it comes to success then there's always having those chance into those people who do tend to work more and taking up risks on whatever they are doing in compared into those people who had just been simply
contented on what they do have and just simply working on paying up the bills. There are ones who would really be mainly thinking that they should really be having that progressive life and would really be
that tending to work hard or even more to make things possible. Yes, this is something that you would really be needing because you wont really be finding yourself that progressive if you wont really be taking up actions.
Somehow not all people who do work hard or tending to engage on different things do end up successful on which there are ones that no matter how hard they do try but still they do end up on not to be progressive.

Somehow taking up actions is much better rather than on making yourself that sitting idle. This is why on the moment that you would really be finding yourself that having those
targets on being successful then you should start on working hard and of course be wise on decisions.
35  Economy / Gambling discussion / Re: Recording gambling activities on: June 21, 2024, 06:46:22 PM
Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?
It does. It will always be essential if you keep track of your gambling activities as well as your gambling expenditures for you to be fully aware how far you have been gambling in terms of financial status. Especially for the married man, it is important to get a record of your gambling expenses to avoid getting short with all the necessary expenses in the household.
It is not that we are trying to avoid ourselves from getting addicted as our primary concern in doing this, but it is basically to control our gambling expenses.
No matter how many hours you spend on gambling each week, as long as your expenditures are within the reach, I think you're always gonna be fine.
Track our gambling activities will be important to know how much money we can use to gambling. But that will not easy as it say because we must discipline to manage our money and will not break our rules. The key here is how to allocates your money to be used for playing gambling and with your expenses so you will not use much money to playing gambling while you can fills your daily needs.

Track gambling activities can also helps us to check how much our losses and wins so we can start reducing our losses by limits our money to playing gambling. Maybe it will difficult for the first time because we must write all of things related our gambling activities so we can do that as our daily routine. But that will worth to do as that can be our helps to control our gambling activities.
But make it sure that you wont really be able to make yourself that being impulsive at the moment that you are seeing that your loses is keeping on piling up, because usually people do become that impulsive at the moment that they would really be able to see for themselves that their loses is getting bigger then this is where they would really be that becoming even more impulsive about on the actions that they are making. Instead on trying out to see those tracking for the sake of monitoring that they should stop but it do ended up on that different situation on which they are really that ending up on chasing up those loses because they've seen that they
had lost so much. If  you could be able to control that urge then its good but if you do saw that you are already that chasing then this one isnt that good for you.

Tracking with your gambling activity is something not really that a bad idea as long you do able to control your mind and emotions then there would really be no issues for you to be able
to encounter because the only shit thing that could happen is on the moment that you would really be chasing up your loses.
36  Bitcoin / Bitcoin Discussion / Re: Be careful with your crypto holdings and what you do with it on: June 20, 2024, 09:58:53 PM
I am not sure how they got to know she had such amount of coins in her possession , infact I really am not sure how authentic the news is. Anyways I just see this post as a reminder for Bitcoin hodlers to maintain maximum security of their holding wallets in any way possible.
That's very easy... The US cyber security teams could trace transactions coming through/going out of the wallet.. Also, most transactions could be performed in bits via CEXs since - atleast majority of P2P transactions are carried out there.

It wouldn't have been too much of a problem if she didn't get an entanglement with already-confirmed money laundering cases.. Secondly, on normal ground, that looks like too much for someone in her position to have. I haven't heard enough stories as to what happened next so I wouldn't conclude.
On the moment that you would really be touching up those centralized platforms then the account which the fund or coins been passed on is verified then expect that you would really be ending up like this.
Everything which is centralized could really be traced up specially if its really that abiding on government rules and conditions then expect that you would really be that checked out immediately
considering that the said amounts that we are talking on here isnt something that too small. Government are really that too highly reactive if they sense big money.  Grin

Possible confiscation of funds?
Huge taxes?
Further investigation?

One of the worst condition once you do make yourself known that you do have so much money on which
it isnt really that shocking anymore.
37  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Take Profit in this Bullrun on: June 20, 2024, 08:45:57 PM
Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

I am sure that everyone who invests will seek maximum profits because the essence of investing is to seek profits for the future. but everyone has their own strategy. some make long-term and medium-term investments. For myself, I will take the medium term so that I determine a profit of at least 50% of the capital I have spent.
Each investor would really be that having their own profit threshold on which those people who would really be tending make those short-term profit taking and there are ones who do hold up for several market cycles and there are ones who do sell off only on bull run period after a long time of waiting for 4 year cycle which it would really be something that situational. The most important thing on here is that you should really know on what you are doing and always take profits on the moment that you would be having the opportunity or else on the moment that the market would really be having that correction or something that start of bearish period then
you would really be ending up on having that huge regret on why you havent been able to pull out those profits while its still peak. Get contented on whatever the amount of profits you do able to get.
Dont find for peak because this is something that cant be known.

Profit taking isnt really that hard if you do really just that make yourself that being not too greedy and being that contented on what you do have and not really
that hoping for too much profit or into the peak.
38  Economy / Gambling discussion / Re: What category would you classify such bettor? on: June 20, 2024, 06:23:28 PM
Even if I am drunk, I can not be taking this type of odds. The lowest odd there is 5.2 which is very risky in sport betting. I can easily find 3 odd to choose in casinos but in sport betting, any odd getting higher than 2 is very risky. The chance to win just a single bet is small, not to talk of winning the whole bet. It is greediness.
Gambling is for what again? remind me, Fun right?. Dude was just catching cruise with his stakes and you're squeezing your face in serious disapproval. I tried very hard to see the staking power, but it appears hidden. In my own analogy, this game was not staked. It was just configured to gain media attention, maybe a content creator or someone growing his social media handle.

NB: I do this sometimes with little stakes, such that I wouldn't even notice I invested in such. Its gambling, right? there's a possibility. I exploit those possibilities most times when I'm in the mood, won from it twice, but it's never something to depend on.
People should really be having this approach and something that they should really be having in mind on which this is really indeed a viable reason on why there are ones who do have on intent on the moment that they would be placing up their bets. Some would really be having that experimental approach and just that using up with small amounts or simply not really that tending to go all in. We dont know on whats behind
with those kind of betting on which we know those odds are indeed that tempting but when it comes on those probabilities on winning then it would really be that so hard on making yourself as a winner.
I do agree on what you have said that gambling/betting should really be something for the sake of fun and not really that taking up that seriously.

Come to think that we do have the full rights on how we should really be gonna spending our money and even if it looks like a foolish step into to other people but since you are
preferring on that way then better dont mind other people.  There would really be always that has something to say on every actions that you are taking.
39  Economy / Economics / Re: Financial Advice for a young millionaire on: June 20, 2024, 04:46:49 PM
What financial advice would you give to a young boy, probably, at the age of 18 who just received a whole lots of money from the inheritance of his late father who was a trader and multimillionaire in the textile industry?

The boy is the only child of the widower and does not seem to be interested in the same line of business and even when he does, he requires more maturity to be able to manage the business such as graduating from the college, etc.

Does those child not have other close relatives such as uncles or aunts? Usually those who are born as sole heirs have uncles or aunts who always stick to their parents' business and that often happens, I'm confused about what advice to give to that child, if he has good close relatives then he can continue the business he inherited his father but if he has evil relatives, he would be better off selling the business and going to college.

Handling over such business venture to uncles or aunties will be the biggest mistake the boy could ever make in his life. Some of these close relatives can not trust with things like this sometimes because they will end up claiming the business as theirs even when the boy is ready to over the charge of the business. In my opinion, continue running the business is the right step to start from. He doesn't need to be interested in the business before he can pilot the affairs of his late father's business.

The business is not just a new business from the scratch, it's already established and the father would definitely have colleagues doing the same business or probably a trusted worker among the workers in the industry. Abandoning well established business is not ideal for whatsoever reasons, these people can play important role if they want to help the poor boy. By the way, why did they handover such huge amounts of money to a boy of such age leaving him in confusion?
I would definitely do the same. I would really rather trying out to approach other people rather than on trying out to have that kind of approach into your close relatives on which it might really be that ending up on fooling
you and making that money to be theirs without you knowing. Although not all would really be something like this but majority will really be having that approach considering that you arent that matured enough then you are really that susceptible with those kind of modus on which it would really be ending up on losing huge sums of money due to bad decisions that had been recommended or advise. This is why if you do find yourself that not matured enough but you have inherited something big then it would really be wise that you would really be trying to seek for some financial advisors. If you would really be needing to go into a school about financial
management then go for it.

It would really be that a complete waste if you would really be losing those inherited money just because you had that mishandled it or having making those bad decisions due to lack of knowledge and experience.
Even if you are really that still young, it would really be that so hard to believe that there wont be a time that you would be thinking about on how to handle your money well
which you do know that your father is really that been working hard for it.
40  Economy / Trading Discussion / Re: Hold position after overbought or oversold market is reached on: June 19, 2024, 09:49:22 PM
I am thinking recently that why not hold like 10 to 25% of your trading fund to leave the position opened and close just 75 to 90%. Good idea? I mean when you think the market can still continue in the position direction that you opened.
This is where trailing taking profit would really be that significant but basing up on what you have mentioned on here then taking up that 75% of profits and leaving 25% wont really be  that a bad idea but in my case
then i would really be closing it out completely on which PROFIT IS PROFIT as always. Dont tend to look back if ever the market would really be that going further in terms of its movement.
When it comes to probability of having that even further overbought or sold condition then we do know that the market isnt something that could be predicted no matter how good your technical
indicator combinations would be showing up but still it wont really be giving out that 100% precision about price movement. It could neither be having that bounce back or would really be continue dropping
just because there are some additional fundamentals that mixed up in the market?

This is why decision making on this kind of conditions would really be crucial but just like on what said earlier that take and ensure profits so that you wont really be ending up
on regretting.
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