For me, it still depends. There are people out there who can maximize the benefits of using credit cards. And I think they're the smart ones. Not all people who uses cash instead of cc are financially literate but for me it's the other way around. But not all people who uses cc are smart with using it. Credit is power, if you know how to properly use it. But if you're just using your credit card to buy the things you want without really thinking if you can pay for it, then you're just making yourself to be buried in debt. There are a lots of perks and benefits when using credit cards. And as long as you pay on time, have a good credit history, and can maintain a good status, then you're using your credit card properly.
Use of technology doesn't mean you are well educated in that sector. We are using bitcoin that uses blockchain technology which means all the investors are well aware of all the technical terms bitcoin has! This doesn't make sense. However credit cards are a technological advancement and if you show an illiterate person how to use them, he can use a credit card like others. It is not that hard to understand and doesn't require a degree. |
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If the traders are newbies, they made some mistakes in trading as one of them is taking entry at a good point, for example, if the price of the coin is down and the market is in good condition then below the dip the person should buy some, but if he didn't go to buy at that position and when the price of that coin is going up if he buys at that time then it will be loss of his money as due to taking the entry at a bad time which is most common mistakes of the trader. Traders should make their ending point and starting point in a sense I can say that they should know their coin buying points and its selling points as well.
A trader's entry and exit can be different from one another but the most basic and commonly used way is to buy at the support and sell at the resistance. If the market condition is good and it is not a bear market and coins breakout the resistance level then the trader can ride the rally. If this is in the middle of a bull run i would suggest that trader book profit in parts. Only in this way they can get to the coin's perspective and they can get what they want also it minimizes the chances of loss in the trader for the trader. Also, he has more knowledge about that coin to control the way of its trading.
The only thing that can minimize a trader's loss is money management. Using stop-loss or other methods to minimize the loss might not work for everyone as those tools need to be used correctly. If a trader uses the stop loss at the wrong place token price can hit the stop loss and bounce back. Money management makes trading more efficient. |
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~snip
That's because it is a one lie between 9 truths. If you knew that it was their personal token created by them, the obviously you should have a doubt that they are going to scam you. That's why they do it so cautiously that he will never know who owns the real one. Maybe I am overthinking it, but this is possible! Once you record the knowledge to create coins, it becomes so easy for you to scam. Change the name, change the logo, write a new white paper using AI and hire a few people with new faces. That's all it takes. And maybe a little bit of their own money to invest and make people think that the project is doing well. Maybe this is the advance type of scam. But I also understand your point of view and what you are trying to say. Projects that are trying to scam people, they will eventually hire those camel groups and promote their project through them. That way both the project owner and the scammer group is making a profit while looting the ordinary group members. And there's the case of influencers. Today's world has become so much affected by influencers that in everything we have to follow someone. I still don't understand what people do such a thing. Aren't they confident enough on their own decisions? This is the reason they have to follow and do as others says? I don't know why but they blindly follow those influencers and they take the advantage to scam those followers. What you are saying is true but I don't think this has been done by any pump group. Instead some people or you can say a group create copy copycat project, do paid promotion, conduct token sales in exchange like Gate or Probit, and list their projects in those exchanges. Later they slowly sell off their team tokens. Most of these projects are copycat projects that have just launched in different chains or under different names. There are a few people in the industry who are doing this kind of scamming. These scammers are also taking risk as they spend a good amount of money on promotion, marketing and listing. Their bet is to have a successful token sale which is why they target conducting their token sale in a mid-tier exchange that has a massive user base and doesn't care much about project vision. |
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@OP, The only exchange that I’m using with zero % trading fee is Bybit but only pairs in USDC. The rest of the exchange already remove this kind of promo after their biggest competition FTX is already out of the business.
Ahaaa....the infamous FTX. I can still remember some of my friends being crazy about FTX for their zero withdrawal fees for ETH. They were DeFi application user so they had to buy and sell eth often and they were happy about FTX for its zero withdrawal fees for ETH. I have been using Bybit for some times but i have noticed they are very strict about using multiple IDs. Some people from one of my local community companies freeze their accounts after they have used multiple bybit IDs to join their promotion. Actually bybit has been doing a lot of promotion recently. I think they wanted to take the place of Binance and they are also pushing their own blockchain project. |
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Many forum users use the Tor browser to avoid IP detection. Some even use VPN to keep their location private.
~snip~
Doesn't using both tools really have the same goal? The difference is that Tor is free and it's a browser like any other with the difference that it provides the best level of privacy you can get at the moment. On the other hand, any VPN, regardless of whether it is paid or free, is a far worse option considering that it stores user data and shares it at the request of the authorities. Of course, people use VPNs a lot more because that way their surfing speed is much higher than is the case with Tor, which is still much more sophisticated in terms of the privacy it provides, but because of that it is also a little more demanding to use. But Tor cannot provide absolute anonymity, because if you have done something very bad, there are security services that can find your real location, regardless of how you tried to hide it. You are right about them but some people prefer to use a VPN instead of TOR because there is some inconvenience for them when using TOR. The Tor browser doesn't store user login details so a user needs to log in every time he restarts the browser. Many avoid using TOR for this reason but there can be other issue but I don't use TOR for that. Also TOR seems slow which you already stated in your comments. To be honest the level of hacking is happening in the industry these days I am also thinking about using TOR no matter how inconvenience it will be for me. Online security is more important than having too much comfort using the browser. |
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-snip-
Having technical knowledge about the market and trading is not hard nor take much time. Having experience is the most important thing that a trader needs. Sometimes a trader fails to be a professional after a few years of practice whereas some people master this profession after a few months of trading. I agree with the masulum post above because it is in accordance with the prevailing reality and what I have done since I first got involved in trading. Several people who had been close and studied trading together with several tutors decided not to continue because for them trading was a difficult job to do. The application of strategies and dancing patterns depends on each individual's abilities. Traders who are still active have the same background as most. The reason is, they also previously learned before experiencing success with the trading they pursued as long as they determined one type they wanted to master, such as spot trading, which I chose over other types of trading. My point was that your experience doesn't guarantee that you will become an expert trader though experience is the most crucial thing a trader needs to have. Without experience your knowledge about trading and the market won't help you much. I agree with your second statement too it is important to focus on one goal. Some traders keep changing their markets if they get any negative results, though their approach should be to analyze the mistake and learn from it. |
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That's right, everyone has a different level of understanding, so each person will not have the same time. Someone can understand in 1 year, while I personally, to this day, am still often far from the analysis I made. In fact, they often experience panic selling. So, don't limit yourself because there are those who can master analysis in less than 1 year, but it's best to keep learning forever so that you understand
I also confirmed it. Learning to trade does not depend on the length of time taught by the tutor but depends on the fluid analysis received when learning from the tutor. If his brain is capable of understanding how to trade, YouTube and articles explaining how to trade can be a tutor for him. Once he has acquired the basic knowledge of how to trade, people with good skills will quickly know the type of trading that suits their abilities. Having technical knowledge about the market and trading is not hard nor take much time. Having experience is the most important thing that a trader needs. Sometimes a trader fails to be a professional after a few years of practice whereas some people master this profession after a few months of trading. I am also not an expert in this field so I can not say how some people do that but I think they figure out some patterns and how to use them to increase their success rate. Every other trader can also see that same pattern but the strategy of using it remains a mystery and no one shares their methods publicly. |
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Hi bitcointalk members, it is a pleasure to join this great forum of Bitcoin. I was introduced to this forum recently when I showed interest in Bitcoin. I was told I will get hand full of information about it here. I have been going through learnmeabitcoin.com which I came across online for some days now. Now I want to start interacting here as well as I am learning more about Bitcoin. I want your guidance as senior members in the forum here. Thanks.
You have a great start in your journey because you have come to the root of the bitcoin network and a forum that contains vast knowledge about the overall crypto industry. Now it is time for you to start reading about topics related to bitcoins fundamentals. Forum members discussions over every topic will give you valuable insight about the industry and diversified opinion which will increase your knowledge depth. One piece of advice I have for you is to read more and write less. What most of the new forum members do is start creating new topics frequently after getting some basic knowledge. |
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This type of scamming method is so popular that almost everyone knows about it. If someone is a novice in the industry and greedy at the same time, they can fall for such a trap. It doesn't matter who posted the giveaway content people cross check the link before engaging with it. Usually most of the airdrop hunters follow one or two group and they wait for that group to post about the authenticity of the giveaways. To preserve their credibility airdrop group manager verifies these links before sharing them with their community.
- ignore them
- don't take to strangers that offer ROI in a short period of time
- research is very important before investing
If the giveaway details are being shared from vitalik's or elons Twitter handle would you ignore them as well? Some will think the account is being hacked but many greedy members won't mind losing everything due to FOMO. |
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Signing with your bitcoin address will remove all this hassle at once. You don't have access to your email anymore; if you cannot remember your password don't worry. If you have a signed bitcoin address and still have access to it, you can recover your account with little effort. 1.Always be sure to use a secure internet connection before logging in to your account as using unsecure connections exposes you to cyber threats which in some cases may lead to account ban due to using an IP with record of some units of evil on the forum.
2.limit your logining into your account via public cafes or computer centers as this can pose threats to your login details such as email and password.if possible avoid using public cyber cafes for logging in, instead stick to using a particular personal device this will make it even easier to monitor your IP logins using this function below.
Many forum users use the Tor browser to avoid IP detection. Some even use VPN to keep their location private. I agree with you about the public network part. Using a public network to long into any sort of account can be dangerous as sometimes hacker use this type of network to do social engineering to hack user accounts. |
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OP, I already know that you are conversant with the terms that Bitcoin is a volatile asset, with this know you should be aware that its price is not steady, that is to say that it fluctuates, if I am in the position to advise you, I will say that you should purchase the little you can afford monthly but don't allow it to affect your responsibilities, buy with what you can allow to let go if ugly situation eventually occurs, we don't pray for such but it natural because it is an investment and every investment has a risk that's attached to it, conclusively buy if you can, but if you think the risk not what taking now because of the market forces, it still fine you have the final say on this one, op your priority should be your family, investing your money in a profit-driven asset is also a good idea.
An advice that no one can deny is useful. Our family should be our first priority so in any unnecessary ugly events we might need to liquidate some of our assets in case we didn't allocate some funds for an emergency situation. I don't like to sell off my asset no matter how emergency the situation as before my pre planned timestamp. It's advisable to think of such a situation and take the necessary steps to handle it without selling any of our long term portfolio. |
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Dear, you can also buy Matic on Binance for $1 or even for less than $1 amount, yes you don't need $10 to make buy and buy-and-sell trade on spot trading, all you have to do is to go to convert tab and then select your pair. Like if you wanted to buy with USDT then convert your USDT with MATIC with no fee. Yeah, you don't have to pay any type of fee but maybe when you will withdrew it from the exchange.
The OP said he is new to crypto so i doubt that he is aware of the functionality of centralized exchanges. Binance can be complicated to use for a novice as they offer almost every crypto related service the industry can offer. He doesn't have $0.20 to pay for gas fees that he needs to use to send his stablecoin somewhere so i don't think he has the money to make a deposit in a centralized exchange to buy some matic and withdraw it to his wallet. |
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9 truths with 1 lie could make that one lie become truth. If you are making profit out of it then that's good for you. But it's not a good idea to advise others to get involved into something like that. And they are kind of scanning others right? When a group of people pumps a certain crypto, people are going to buy it seeing the pumping price. And they just sell all of it to make profit out of it. Aren't this gaming people? If you think scamming people is a good thing then you should carry on.
Now let's talk about the nine truths and one lie. Imagine they are pumping every day and you are getting profit everyday by following them. Now you have trusted them blindly that they are going to make you profit. And then they create their own coin and tell everybody to buy it and they are going to pump it. You follow their lie and buy the coin. You lose it all.
That's how it goes. They will show you nine truths and they will slide in just one lie which will take you to the street. Don't fall for such thing. Trade on your own. Learn how it works and it will come in handy in the future.
I have never heard a story about a pump group having their own altcoin. I know these groups are created to scam people who are lazy enough to learn about the market and trading but these groups usually provide signals to low-cost altcoins that are listed on top tier exchanges so that they can be widely accepted by their group. Listing on a top tier exchange is expensive and managing and providing liquidity for that specific coin makes it even impossible for a pump group. If you think they can use dex to do that then they need to generate massive volume there as well to convince their community to buy that token. I have seen signal groups sponsor trade by taking money from a project and promising to promote their project in their community and convince their followers to buy that token. This is a common case with such groups, and their blind followers buy that project when the project team dumps their tokens to those pump group investors. I was once in a pump and dump token type group but the results were not good, I actually suffered quite a big loss because they suggested joining the VIP group to get better profits, so I left the group. For the OP, if the group you are following is really able to provide accurate predictions and information regarding the next price of the token they are planning then you can help the members here by providing screenshot evidence before the prediction and the results after that.
This is the business model of all the signal groups. First they convince you to join their paid group then they will offer you a premium package to join their other VIP group. Even some groups sell their courses to their VIP group members by adding some extra fees. Someone can be so blind as to fall for such a group. |
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If you are really interested in the topic you translated The reply isn't based on the quoted text but the word caught my attention. If someone is really interested in a topic, they can use this forum, search on Google, and learn more about the topic. They don't need to translate a topic even (no problem if they do either). If someone puts a valid question here about cryptocurrency in the local, I'm always ready to answer them and if I don't know the answer, I spend hours behind that and make sure that I'm not spreading wrong information. I want to spread Bitcoin and explain Bitcoin (as much as I know). The craze for translation comes from the desire to be merited in certain scenarios. Most of the translators don't have the skill to do the translation of some technical topics, but they still intend to do that due to their affection for getting merit. I do something similar when a question comes my way and I don't know the answer. Right away, I went to Google to gather information about the topic, and if it had technical terms that I could forget, I take short note for future revision. |
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~
The possibility of this seems very hard and come to think it, right from on set Bitcoin has been staying strong and there might not be anything of such even in the next 30 years. Well, we can't hazard a guess on how long such an event can stay before occuring again. Fork was a thing in 2017 to the point that I felt it was going to be a regular occurrence. It hasn't been. Maybe, that frenzy has died off until now. Agree on that because right now new blockchain projects are either layer zero or ethereum L2 solution. Dev is not interested in creating a new network from the bitcoin core network as most of its previous attempts were massive failures. The only benefit those previous hard forks generate is that they give people a lot of free money that they dump into the market to buy more bitcoin. Dev took lessons from history and approached it with different measures. |
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Legacy marketing strategies were solely based on a specific region and were managed by a few companies. The era has changed now this sector become more open for everyone as now anyone can hire a marketer from the internet who will help him reach out to people around the world who need the service or product. The digital era closes the distance between consumers and providers.
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The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.
Your sudden change of financial ability makes you depressed and you are thinking the world is a broker for you. I think you should take a refreshment in your life, This can be a tour or something else that will help you forget your past bad experiences. Take this as a positive by thinking you would never have this understanding of the importance of financial knowledge. As you have understood your weakness, start working on it first. Build up your financial knowledge to get a better understanding of how you can grow your income without risking much of it. Then start working again as you were doing before. |
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The current monetary system is not fully transparent and is partially fraudulent. At first you have to understand what your paper bill represents. If you have a 100 INR then that means this 100 INR is backed by some assets held by the central bank that are worth that much (they can be reserve currencies, bonds, physical assets etc). Usually a country's supply should be fully backed but this doesn't happen.
Contrary banking systems use fractional reserve systems to circulate more money than they have. Suppose you have 1000 INR in your savings account in a bank The bank will use 90% of that balance of 900 INR to give loans and keep 10% as reserves. Now that the borrower who takes a 900 INR loan deposits this money into his savings account so bank gets another 900 INR from which they keep 10% as reserve and use 90% to give the loan. Now banks net worth is 1000+900 = 1900 INR when it is backed by 1000 INR. This process continues indefinitely. A partial reserve system gives banks the power to generate money from thin air and keep circulating money that they don't have. This thing seems fraudulent, but it is what it is.
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which would you prefer to receive?
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum $480k
c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc
d. $480,000 value house
e. $480,000 value business
f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce
pick one and explain your rationale..
if you pick bitcoin as first choice. also pick another and explain rationale of second choice
(im mainly looking to see people opinions/rationale on choices that are made about not option C and compared to C)
My first choice will be BTC for sure but if we keep that aside I want to have number e where I will get $480,000 value business. I want to have a business at that value because I think if a business that's net worth is $480k can generate 1% of its value after omitting its expenses can provide me with $4800 monthly which I can use to buy bitcoin and gold without losing my business value. My business can grow gradually with its net worth and at the same time I can use its profit to reinvest in assets like bitcoin or gold or I can start another business. |
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The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.
This happens when someone takes a big loss from a bad trade and fears that if he can not recover that loss right now he won't get a chance to do that later on. Another most common scenario that happens is that some traders get so attached to a particular coin that they feel comfortable trading that same coin again and again though it is not performing well. If you are an investor, then you should always keep in mind that every coin you invest is only to make a profit. You don't love any project you only care about it and make a profit from that profit so if a coin you like is not performing well leave it and move on to another one. Don't be attached to it. |
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