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221  Economy / Trading Discussion / Re: What your opinion? on: March 27, 2023, 09:42:12 PM
I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .

There is one tips that beats all other advice that follows, it is dedication. You should be dicsipline about what you are starting and do it with passion, don't let any other people discourage you and you should not let other people opinion change your set up, if you have an open position, stick to the original plan, don't let other traders FUD you into believing the market is going up or down, and the last one is don't borrow money to start trading, do not try because you may be lucky to make it out but it is a bad practise you may regret if that luck doesn't shine on you.
right, we have to balance theory with practice, where before doing trading practice, we must have sufficient knowledge, so we understand what happens after doing practice. of course we will encounter problems regarding trading discipline, where there is a debate between personal rules that conflict with our emotions, and of course we must be able to align them according to the rules that we have applied
222  Economy / Trading Discussion / Re: Is it legal for our kids to learn trade? on: March 27, 2023, 09:33:49 PM
Although the trading is very risky but one thing should be remember that by tolerating failure and taking risk we can go ahead but if we don't face such situations then how we will learn. I think that you should engage your children in such activities because in few years he will just make experience and will do better by experiencing through gain and loss. If there is nothing to do and you have a firm believe that your child will engage in trading in future then surely its a right time to make his concept clear about trading. He will get some knowledge from you and some knowledge will be easy for him because of facing gain and loss situations.

It is a good idea but the age of the children is very essential before exposing the children to all this kind of financial instruments, if they are below 13, I will teach them on paper and the knowledge they need as a foundation and when they come of age like 18+, I will teach them the main trading that will have to do with real money because I will want my kids not to be expose to money at earlier stage of their life. Children are very smart that when they becomes expose to money, they would probably not want to be interested in anything again except money and money.
children under 18 years old would be better taught theoretical knowledge and discipline, this is related to attitude. whereas if it's been more than 18 years, it means their ego has started to form, so we can train them in real trading. with the experience gained, they will match the theory and be able to take lessons from what they experience, so that later they can trade well
223  Economy / Economics / Re: What will you do if bitcoin crash? on: March 25, 2023, 06:32:25 AM
In total I'm online and managing cryptocurrencies maybe only about 3 hours per week, and total bitcoin + altcoins assets are currently only around $380, if one day bitcoin crashes of course I'm not too bothered, I've been reducing cryptocurrencies assets since 2018 because I understand the risks, although at the moment it looks promising but I can always control and collect bitcoins or altcoins from bounties.
Bitcoin is going to go up even though the market eventually  rawh just like many persons are agitating about what will happen if Bitcoin crash. This would not be the first time Bitcoin would crash since the launch of Bitcoin. The market had been crashed far back and going up back to balance the momentum is needs to gather. I sincerely but more position if this happens so that I can make more money from the market. The price if Bitcoin is down now and those investors that know what they are doing and how to invest are busy buying and holding their Bitcoin.
the current decline in bitcoin is not like the decline that occurred in 2018, at which time there was a lot of panic from investors, whereas now it seems calmer, because many people already have knowledge about the characteristics of bitcoin, so there is no need for significant panic. in the current position it is better to buy and hold it until we at least sell it in the previous ATH area, but many think that they will form a new ATH. personal analysis may be better for target setting
224  Economy / Economics / Re: Replacement? on: March 25, 2023, 06:17:35 AM
To replace fiat currency in everyday life may not happen in the near future because there are many things that must be considered by the government to replace fiat currency by using crypto, but this will not be impossible because some countries are already using bitcoin as a legal means of transaction, and I believe other countries are considering crypto currencies as legal tender.
Yes, there are a few countries that use bitcoin as a payment method, but they still use it in tandem with fiat, they have never abandoned fiat completely. Moreover, the countries that accept bitcoin are poor countries on the verge of default, and they see bitcoin as a solution to save their crumbling economy. Developed countries have no intention of using bitcoin to replace fiat, they don't even care about it. Bitcoin is just an alternative, it will never replace fiat money.
at this time it may still be hard to replace fiat to give bitcoin a chance. although there are countries that use or legalize bitcoin, only countries that have economic problems, we can see that there are no developed countries that have legalized bitcoin, even if only as an alternative. Enjoying bitcoins for money is the main goal nowadays by most of the investors
225  Economy / Economics / Re: Try to save money while you still can, will you ? on: March 25, 2023, 06:08:35 AM
My view after reading it In a situation like your friend's, it's important to find alternative sources of income, such as freelancing or part-time work. It may also be beneficial to create a budget and reduce unnecessary expenses to stretch their finances even further. Additionally, seeking help from family and friends, or government assistance programs may also be helpful.

What does it mean? it is important to be prepared for unexpected challenges and have a plan for managing financial difficulties. Saving is an important step toward financial stability and can provide a sense of security in times of uncertainty.
Freelancing is not like the way it used to be before and there had been a lot sof persons thar are into it now. Thee would be need to venture into other business opportunities that are right available in the internet.  It is good for us to make savings while we have money to save and not spending money extravagantly without purpose. I prefer doing it small small for it to increase with time than waiting for me to have enough money before saving them. The only way we can get to the next level is by us saving for the future.
indeed we have to plan for the future, so that we have clear goals and directions in life. including saving and investing for future gains. therefore there are times when we look for other sources of income while we are still able to guarantee in old age. at least we have to have passive income to anticipate when we are unable to work, there is still income every month and there are still other investments
226  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Want to invest on: March 23, 2023, 09:44:27 PM
Goodmorning, i’m not new in the world of crypto but I never did an investment for lack of money, but now I recived a good amount of money and i want to buy&diversify my portfolio.
So I just bought a Ledger Nano X and want to know which are the best project to invest.
I always look with interest at $GNT, for their great  idea of decentralizing computing and $BAT , and other suggest?thanks Smiley

Congratulations on receiving the funds and taking steps to secure your investments with a hardware wallet like the Ledger Nano X. As for which projects to invest in, it's important to do your own research and understand the fundamentals of each project before investing. While $GNT and $BAT may be of interest to you, consider diversifying your portfolio across different sectors and market caps. It's also important to keep in mind that the crypto market can be volatile, so it's important to invest only what you can afford to lose and to have a long-term investment strategy.
it would be better to add your investment collection to safe coins or altcoins such as bitcoin and ethereum, and we can invest some in coins that you trust, this is considering that the security of your funds must be maintained properly, so diversification is needed, just like bitcoin it may not give you as much profit as the coin you choose, but in the long run it is safe and profitable
227  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Downfall still possible? on: March 23, 2023, 09:35:22 PM
Snip
However, if you want to invest, I think it is best to employ all these bitcoin ethereum bnb. It is being said with certainty that the price has come down a lot during this crisis and there will be a recovery.
But, is it even possible to invest in all of the crypto when the number of them is too huge plus majority of them are just junks.

As an investor they should know what they want, usually during dip time is when to know the real projects otherwise investing in bull is like a blind investment because whenever they market changes it's directions you see the worst of the altcoin.
How I wish there every possibility to scrape those junk away the claims to be a good project lot of investors have lost their money in the name of investing in a project that has no future and features.
when there is a decline, it is indeed the right time to choose the coins and altcoins that we will invest in, that is when we will see which altcoins are able to survive and which are not, so for altcoins that are able to survive it is possible that it will be easier to go through bullish to increase its value. just like now where the price has started to creep up, and we don't know whether it will go back down, what is certain is that if we have invested then it's time to wait, and if it goes back down again we can buy it so we can increase the number of coins we have
228  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Doge can it go 1$ on: March 23, 2023, 09:27:08 PM
In the last cycle, the price of doge almost reached $1. It seems to me that if cryptocurrency capitalisation starts to increase in a new bull run, the price of doge could easily reach $1. Doge is a good coin that has been successful for a long time and has a large community. Especially they are backed by Elon Musk. So $1 is just a matter of time.
yep, when the market rallied, all speculation turned to be pleasant, I personally had a big profit in the previous cycle with Doge coin and now that things are turning around I think $1 is like you say it's just time. And if anyone can wait until then, I have a vision for the next bull cycle and overall market cap guessing that the new ATH doge will be close to $5.
the next bullish is what you are waiting for later, not just doge but all the existing coins and altcoins, many people invest according to their respective beliefs, including doge, if in the past elon musk catapulted doge's name, we don't know yet for the next bullish season, hopefully we can reaching a new ath, it means it will be above $1, but we have to know what to do, because this is what many call meme coins, so don't use all the capital just for doge
229  Economy / Trading Discussion / Re: Time to buy or sell? on: March 22, 2023, 01:17:25 PM
I think we are still at the bottom and it is now the best time to buy in preparation of the next bull market that bitcoin may go up above 60k$, bull market is about yo begin so buy and sell when the market rise above your limit. Cz of binance said that if we cannot hold we cant be rich so buy and hold.
Forget about the bottom mate as we are done already. In fact, the price was rising which is an indication that we are on the way to bullish which will happen soonest. Indeed, if you are going to invest then do it now as there is no reason why we skip the current opportunity if we are looking for a profit. As long as we are investing the right coins, we have nothing to worry about but rather have peace in mind knowing that the market and these coins that we are buying won't disappoint us if we hold.
at the moment, the price has indeed fallen slightly after an increase, hopefully this is an indication of a bullish market to come, therefore I think now it is still suitable to buy assets and hold them, while the price has not increased too far. don't let us buy after a fomo occurs later, because it will be more risky if we are greedy and the price dumps again, many people cried during the previous bullish season, and we can use this as a lesson
230  Economy / Trading Discussion / Re: Trade up capital: $200 on: March 22, 2023, 01:07:00 PM
I don't comment on your mother, because it's a family problem, but for me with the capital you have, I think it doesn't matter if it's done for trading, but here what I emphasize is that it's better to use free money to start, because you think of profit. return the wife's money, but have you thought about the risks, if you lose or run out of capital, because it will affect your psychology, unless you are already adept at trading
231  Economy / Trading Discussion / Re: Bitcoin or Altcoin hold, sell or trade?? on: March 22, 2023, 12:57:07 PM
My opinion, Bitcoin all time saving mode is the best way. Some time when bitcoin price up then sell and when price down then buy is the best decision.  This method all time not working for trade. Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss. 4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero

I guess holding Bitcoin for the long term is the best deal, and holding altcoins for the long term is a little bit too risky since not a lot of altcoins survive the bear market and not many of them rise to the ATH just like before the bear market. I guess trading Altcoin is better for people who want to earn big profits but with big risks too.
Most of the altcoins are indeed very volatile, and risky to hold in the long term, only a few altcoins may be safe for long term investment. it would actually be easier to invest than to trade, let alone bitcoin. for those who are already proficient at trading, of course there is no obstacle to doing both, but for many speculators who are looking for new altcoins to invest in, until the price soars and sells them
232  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What if its falls! Will altcoin survive? on: March 21, 2023, 07:04:36 AM
This is due to psychological factors and investor confidence. when bitcoin goes up, altcoins will also go up, and vice versa, bitcoin becomes a parameter for the development of altcoins, it seems to be a natural formula in the crypto world. don't we often meet people when talking about cryptocurrencies, then their imagination is bitcoin. especially now that bitcoin has a market capitalization that dominates cryptocurrency
233  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can we see a huge rise in the price of Dogecoin ? on: March 21, 2023, 06:54:19 AM
It is difficult to predict a large increase in the price of Dogecoin, especially since the crypto market situation is still weak. We shouldn't rely on Elon Musk to wait for Dogecoin price increase even though he is a supporter of Dogecoin. So, don't fall for Elon Musk's tweets to make us spend a lot of money to buy Dogecoin because we don't know yet whether Elon Musk has long term plans for Dogecoin or not.
but the reality is like that, dogecoin investors buy dogecoin because of elon musk, but right now they are trapped and hope that dogecoin will return to ATH or pass ATH. we will not see the price of dogecoin rise again if elon musk doesn't make something new marketing about dogecoin.
That is the mistake of some investors who depend only on Elon Musk. Even if they understand that if an altcoin experiences a price increase only depending on the figure of someone like Elon Musk, then in the end they will be trapped in a loss. The good coin doesn't depend on one person. but how about interest in many people and have strong fundamentals.
whereas what Elon Musk is waiting for is of course investing to make a profit, while he has already brought in a lot of money from the previous bullish. therefore is it possible that Elon Musk will come back again for Doge. no one knows about it, but if we have been trapped in the previous bullish price, it means that we are still faithfully waiting for Elon Musk. but we can see in the next bullish season, whether there will be a breakthrough from the doge as the parameter
234  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC or altcoin on: March 21, 2023, 06:45:54 AM
I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?
If you buy Bitcoin of course it's a good choice. But the amount you can get is very small. However, if you use it for short-term trading, there is a possibility that you can benefit, thus increasing your investment capital. Yet another coin is BNB. You can earn more than 2 BNB, or half the amount of Ethereum.
Investing certainly has the goal of profit, from that profit there is a choice of a lot of profit or a smaller but safe profit. therefore many people combine it through diversification. that way their investment remains safe and in the hope of providing greater profits. it's different with trading, where we can make as much profit as our portfolio fits, but the risk is also bigger, especially for short-term trading
235  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: March 20, 2023, 07:52:24 AM
The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieveing goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.

Given these factors, the dream of financial freedom can come true by using crypto currency?

To be honest, for the common people, we have to know what financial freedom really is so that we have a clear orientation about financial freedom.
I myself really believe that with crypto currency we can have that financial freedom but yes it is not as easy as we imagine and pay attention to, there is some research that must be considered in choosing our crypto currency in investing and trading currency crypto. Being able to generate income from crypto currency is a great success and everyone's hope and avoiding crazy bank interest and inflation that always grows every year is a peace for those of us who want the value of the money we have to be maintained from the exchange rate.
I myself am still in an effort to improve my skills in this field of industry even though I am still below the ability and knowledge of crypto but I already have income which I can say is sufficient for my current needs.
Everyone's financial freedom is different, because the level of human needs is different too. for me financial freedom can happen where we have financial resources that can guarantee our needs as long as we live, and can pass it on to our descendants so that they can live without financial deficiencies. so there are no life problems about finances to make ends meet. therefore many people invest in various fields, so that they get profits later and are not eroded by this
236  Economy / Economics / Re: Has anyone felt lost in pursuit of financial freedom ? on: March 20, 2023, 07:42:19 AM
There were times when I usually just don't want to keep money but instead just spend it. I get tired saving, investing, and overall just making money back then. But I realized, money runs everything; it pays for rent, keeps a roof above my head, pays for gas, and food of course. If I were to just stop making money, I would forfeit most of these in an instant and I will be living my life horribly. But yeah, good thing is, I got some motivation that I really needed to get going and here I am still, trying to make as much money as I can for myself and for an early retirement (hopefully).
Doing this over and over again is really exhausting and mentally draining, but once you realize that money becomes part of the needs everything changes. Survival nowadays includes money for everything, the basic human needs requires money and so on, the only thing that isn't paid by money is air/oxygen. It's really nice to have and early retirement and having lots of money from your investment, but the process of achieving that is really long. I also been to the point when I just wanted to quit, but the thing that pushes me is "it's hard to live without money". I have been through ups and downs in life, who else doesn't right? so I'm not worried if I were poor and could eat 3 times a day, but that 3 times a day requires sufficient amount of money in the end. Then I finally decided if I only needed money to survive why not go all the way right?
impossible thing to do when living in a city without money. as said, we just need money to move, and the necessities of life are not just food, there are many others, especially if we are already married and have children. therefore we must be able to work to make money not only for ourselves but we can share it for people who are less fortunate, thus making our lives more meaningful. therefore we must continue to manage our finances and set them aside for investment, so that in the future it will be better
237  Economy / Economics / Re: Scarcity of money on: March 20, 2023, 07:33:50 AM
There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.

Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.

that is correct, hard to earn money these days. so if you are just a common man, don't be choosy with the jobs. so long you can earn to survive, grab it. and aside from work, you can always look for alternative options to save and earn money. even if you are not a farmer, but you have a small land, why not tend it? just an example to survive.


It has always been difficult to get money since it requires efforts whether medical or physical or both.  Global economic conditions affect the standard of living and thus the ways of obtaining money.  Therefore, all methods are legitimate if we cancel the morals and all the values ​​that society has established for exchange and civilized communication.
the more difficult it is to find money and the more expensive the price of necessities of life as a result of inflation. therefore we must be able to survive, namely by working hard and working smart, and being able to manage finances smartly. and of course don't just rely on income from only one line of work, so that we can make money from several sources, and that will be financially safer for our family. and one more thing, don't take debt to meet our lifestyle needs, because that will be burdensome. but a lifestyle that must adjust to income
238  Economy / Trading Discussion / Re: Many signals don't work now like they use to be on: March 18, 2023, 05:45:06 AM
Been a victim of two signal groups during my early trading days .Most of the group claiming to give signal don't have the basic trading education to do it.Spend almost two years now learning how to trade but still take losses in the market.Dont believe that someone can be a hundred percent accurate in the markets to give winning signals all the time.Better to learn to do it yourself and stop replying on any signal group to make you rich.

i don't know why some people still go after these trading signal groups. they will only give you despair in life rather than help increase your funds. hopefully, people will learn fast that this type of group is just a waste of your time and resources. do your own trade and learn on your own time.
It is pretty simple because these people are greedy as they can easily be fooled by instant profit, easy trade, and any promising words that these scammers are saying to them. It was very unfortunate that they only realized their wrong decision once they lost their money. This is a kind of mindset that brings them to disappointment and regrets but of course, it was a learning experience. Still, they are just stupid for not listening and trusting those people who have warned them already, it never got to this point if they follow them in the first place.
I actually feel sad about that situation, which in my opinion is an indication for those who don't want to study but want to succeed instantly. even though if we want to learn gradually, then our knowledge will be our investment in old age. imagine that in retirement we can still make money from trading with a personal trading style, and are comfortable living it, of course this will be everyone's dream. it's different if we only subscribe to signals, until whenever we can't enjoy trading, because we don't believe in ourselves
239  Economy / Trading Discussion / Re: Why Beginners Should Not Go For Future Trading? on: March 18, 2023, 05:36:31 AM
Step by step. Take things smoothly and don't rush things.

Newbies are not advised to go for Future Trading right away since advanced trading knowledge is needed here.

While doing Spot Trading first, these newbies will slowly learn some trading-related knowledge while progressing. Soon, they will realize that they are now ready to face the experience of doing Future Trading and will consider trying it bit by bit until ready to risk decent funds.
lucky we are in this forum, so much experience from other members, so beginners don't fall into mistakes. in trading it has to be done gradually, don't let us want instant success, I think beginners would be better off also doing spot trading first and from there we will slowly understand about the world of trading, so afterwards we can develop it ourselves according to our wishes us, and of course requires a process
240  Economy / Trading Discussion / Re: Never Trade on Emotions on: March 18, 2023, 05:25:39 AM

- panic
- Doubt
- Hurry
- Fomo
- Angry
- worried
A major key for a trader is your enemy is always his emotions.
add one mate and that is Never Trade when you are in troubled mind meaning  because this will truly be a big mistake because all of your emotions will go together , meaning all of those mentioned combined when you are in troubled mind like having a difficult time with relationship or in work.
It is important to always trade with a good state of mind because trading requires good concentration and attention. I think is also better to trade only when one is in a good mood to trade and not to ourselves to trade when we know our mood is not ready for trading. People just want to trade but they do not consider if their is perfect time to go into trading. The state at which the mind is when doing things will determine the outcome of the result. Considering emotions while trading is important for trader.
but there are also people who have a lot of problems and are in a bad mood, but they can choose between work and problems that make them feel bad, so that no matter how big the problem is, they can still think clearly at work. but it seems that I can't act like that, so I need to calm down first when I'm going to trade, so I just start to analyze. as we know our biggest enemy is ourselves
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