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May 23, 2024, 04:14:03 AM *
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221  Economy / Trading Discussion / Re: getting past break even on: March 31, 2024, 06:39:33 PM
I personally think that trading is not a one-size-fits-all kind of endeavor and there's a high probability that one man's strategy might not work for the next man. You can do some paper trading with different indicators, patterns or strategies and see which one works in hindsight. Once you're done with that phase before you can double down to focus on your chosen strategy.

Even better, you can use a demo account but one thing to keep in mind whether you're trading a demo or via paper trading is that, you will be willing to take on more risks/losses if you're just doing those.
Yes trading is not for all, or not all are capable of doing it and this is why we also have investing, staking and others that people can do and for sure there will be one that will fit for them. I think the explanation on why one strategy might not work for the other is because they don't have the same capacity on how to understand things. Other than that, the market is also changing from time to time.

We must understand this so that we won't hope too much and we won't hurt our selves or the other person that gave us a tip. Practicing trading or our strategies in the paper or a demo account can also differ from the real one.
222  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Solana still Worth buying?? on: March 31, 2024, 05:32:03 PM
After end of bull run, Solana had started lossing its price and it waas worth $12 in November, 2022. And till August, 2023 solana was below $20. Many were talking about this is end of solana, it'll never pump and then something interesting happened to it and solana pumped 3/4 times from its position. And still its more than $185+ .many people still thinks solana would pump more. So they keep buying solana with such believe. 
 What do you think? Is Solana still Worth buying cause price is tooo much pump already.
Considering the troubles we are facing right now, I could say that it is going to be quite easy to handle when we are talking about something similar to what we have here, it is not going to be all that confusing. SOL is already one of the highest ranked coins, it is already in fifth, which is showing that people likes it. So that means we are not going to really end up with anything that risky in the end, it is something we could see as normal to invest in because so many people are already doing it.

I feel like we should be considering the situation to be very normal, and if you want to invest into it, then you should be able to do that without fearing what might happen, I bet that it is going to stay strong with the market.
223  Alternate cryptocurrencies / Altcoin Discussion / Re: Why you need to have spare USDT in this bullrun. on: March 30, 2024, 05:08:23 PM
It's true that we have to set aside our money to invest in this bull run because this opportunity only comes once every 4 years, maybe once a generation because the cycle times are very different, so maximize the bull run to get lots of profits in this bull run.
I do believe that we should invest, but we should not set our money aside, because we should invest right away and not put any into USDT. I do not get people who want to keep their money at USDT during this period, because it doesn't make sense to me since it is not something that we could go with, it doesn't really benefit anyone.

If we keep considering that as the only option then we are going to end up with something that goes against everything we believe in. I believe that we are going to make something change, and for that to happen we need to end up doing as well as we can. We can't really end up making something bigger, but we need to focus on how we could get better with it overtime, that's the most important part.
I agree with this, making some money from this should be the most important thing, and if we do well enough then we are going to end up with a good return. I get that people are not always too happy with what they have, and sometimes it looks like it is going to change a lot and have some results that are not profitable or looking good, but as long as you keep n investing you should be fine. I get that some people just want to prefer USDT and just hold and wait until everything looks great, but that's just not how it works at all.

We need to just invest as quickly as possible when we get some money, that will definitely make us do a lot better. This should be the way to make money and not really worried about it.
224  Alternate cryptocurrencies / Altcoin Discussion / Re: Stablecoins or Fiat? on: March 30, 2024, 02:40:42 PM
To protect myself from the volatile crypto market, the best option will be to convert it to stablecoins, and as the name implies it's pegged to a stable currency, the US dollar which is the standard currency for knowing the value of cryptocurrency. Most fiat currencies are not stable, they're affected by inflation, so saving your money in them reduces their values, but stablecoins like tetter, is safe to convert your money on the short term pending when you need it, also it's very convenient to convert your usdt to crypto.
Stablecoins would not be the best choice if you want to protect yourself from the volatile markets. It would make sense if you could hold it in fiat. The difference between USDT and USD is nothing, but in one of them you are trusting some people, while in the other you trust a whole nation.

I believe that bitcoin is far better option than both of course, but that is just what I believe in and I do not think that it will matter that much, its not going to be that much of a big deal in the end whichever one you pick. I hope that people could see that there is nothing wrong with Bitcoin though, because while it could be volatile, it is also quite profitable for most people who hold it long enough, many got rich thanks to it.
225  Bitcoin / Bitcoin Discussion / Re: Sam Bankman Fried (scam banker fraud) 25 years on: March 30, 2024, 01:51:32 PM
Parents can't accept what's bad in their children even if it's proven. They might know he did something wrong, but they can't stand and watch him spend 25 years in prison without doing anything, after all, he is their child and parents love their children more than anything in the world.  Smiley

That being said, SBF getting the treatment he deserves will surely be an example in this industry for all industry leaders to not do things that SBF did, otherwise, you can end up spending the rest of your life in prison and the money you may earn through fraud and scams won't be of any use.
That's right, no matter how wrong their children are, parents will never abandon them. I feel happy that SBF was sentenced to 25 years in prison because his actions have caused so many people to suffer, and even suicide.

In addition, instead of just blaming SBF or any scammers, we should also look at ourselves, because if we are not greedy, we will not participate in projects that promise high interest rates, then no one will be able to cheat and take our money. Don't be too greedy and selfish when we want high profits while still being safe and protected by the law.
I mean what do you expect a parent to say? It's good that their son is going to jail? That's not going to happen, at least not frequently, the most common response would always be denying that your child commit the crimes people claim he did, and just figure out a way in your brain to make sure that he is innocent and it is something else to blame for whatever happened. It could be the market, it could be other investments, it could be bad friends, whatever it is, it's never their son.

However, court doesn't care about any of that, they check the evidence and it showed that he did something stupid, he could have been a very wealthy man if he kept going the good and legal route, he wanted more and that's why he is having all of this trouble.
226  Bitcoin / Bitcoin Discussion / Re: Has BTC really become more attractive than gold? on: March 30, 2024, 01:18:31 PM
sure I am investing in Bitcoin, not in gold. Both have their own pros and cons, but anyway today the world has a new mindset, like they want everything in their hands, like one click away from their hand. So I think people should love and have taken more interest in those things who have a strong sense of privacy and have less cost of swapping, like transferring from one to another.
 
In addition, the answer to your second point is that all over the world, the young generation including Mee, is just more attractive towards Bitcoin than Gold in terms of investment. And the reason for this is that Bitcoin is one of the only assets that, due to its volatile nature, has returned high amounts in a short period of time on investment. While Gold has less volatility and its investment return is long, that too is not as high as Bitcoin gives. It is true that Bitcoin is a highly volatile asset, but a short time gives a big return to the investor. For example, in 10 years Bitcion has given a 227x return to its investor while gold has only given a 2x return in 10 years. 
 
So Bitcoin is digital gold; it has far the best quality from all perspectives, including expected volatility. And the interesting thing is that bitcoin is better than gold because of their volital nature.
I do believe that you are right and in todays world Bitcoin is far better than gold. When we have so many improvements and developments at every part of our world, why would we have just the same thing with the money side of things? Of course we are going to get better results without a doubt, and that means that we are going to face people who will prefer bitcoin.

This usually depends on the age as well, because if you are young enough then you were born into bitcoin world, someone who is 20-25 year old today, grew up in a world where bitcoin was already quite famous. But if you are 80 years old, expecting you to understand let alone invest into bitcoin would be naive. This is why we are going to get more and more bitcoin investors in the future.
227  Economy / Economics / Re: The benefits of risk taking on: March 30, 2024, 12:35:21 PM
Something which is not required but rewarding if you would embrace it. It is like having a wuarter and a chance to make it double or even more, but also a tendency that you'd lose it. Risk is best explained by gambling it is also present with investments. The difference on the other hand is of course discussed on other topics. Now, going back with having a quarter and taking the risk, you may just keep it at least you'd have the 'assurance' that you'll have it to be able to buy certain things on its amount. In this instance you are also choosing to throw away the opportunity of making it with multiplier or simply to make the amount bigger. Assurance versus hope; it now depends on the individual which one should be leading for a better outcome. Eitherway would be fine as long as the one to do that will be all prepared 'coz there's still no easy money.
Having that type of risk is always something people need to be aware of, there is nothing wrong with taking a bit of risk. I personally believe that the best thing we can do at the moment would be just making sure that we are dealing with something that will take a while.

So, while we are risking money, we may not reach the riskiest part and still get scared and get out, that's the biggest problem with people right now. I mean sure there are people who invested and lost a lot of money due to drops in price as well, but there are many people who lost because they didn't hold long enough. Prices could go from 10 to 5 to 15, if you sell at 5, you lose but if you wait enough then you could make a profit yet again.
228  Economy / Trading Discussion / Re: My opion and btc outlook for the next 2 years. on: March 29, 2024, 05:11:53 PM
If you want to trade altcoins, ensure that you hodl them for long if truly you want to make a good profits from you trading, but don't forget that BTC is the king among other altcoins and, if you trade BTC in the bull run you will surely make a favourable profits more than altcoins.
There is no doubt that BTC is pioneer and the whole market moves along with it. I also feel that BTC will touch 100k by the end of this year or next year and that BTC is an excellent project for long-term investment, but I don't agree that altcoins are a long-term investment that too at a time when the market has already gone up a lot.

No one can say that the market can crash at any time. It is said that hopes often hurt. Nothing can be said with certainty about the current market situation. Therefore, we should always be prepared for both sides of the market and to witness any situation that might occur because the market is extremely unpredictable.
229  Economy / Trading Discussion / Re: advice for a beginner on: March 29, 2024, 04:30:43 PM
Knowing when a coin will start to rise and become hype is quite simple. You only need to study and understand various analyzes such as technical, fundamental and sentimental. And if you mean some altcoins have hype and have a sudden high rise. Well, usually we can find out about this through fundamental analysis which can be done by gathering information. And actually the crypto calendar is also quite important for us to keep paying attention to. Because usually there are many upcoming events that have the potential to cause an altcoin to increase. Once we start finding news, events and the like that have the potential to build hype. After that, we have to start doing sentimental analysis. And analyze how well market players' sentimental response to the upcoming event. If it is a big event then if we enter early then we can potentially have high profits. It's just that sentimental analysis still has to run so we also have to know when we should sell by analyzing whether the hype has just started or is almost over. If we already understand some of these basic concepts, it is actually quite easy for us to see an altcoin that has the potential to increase. It's just that there are also several altcoins that are suddenly pumped without any news or events taking place. Well, usually analyzing this is quite difficult. Because we also have to understand market inflow and outflow well. And sometimes it's all about how clever we are at following upcoming and trending narratives.
I would say it is not really that simple, because if everything was technical and you could make an analysis that would be 100% right at the time, it would not be something that would take a lot of time. I feel like it should be fine, there is nothing wrong with losing time to time, it is fine to just have losses between your wins.

I think most of us do not make all kinds of crazy moves and we should consider the best way to move forward would be just letting it be, that way we could do better. I believe that people would have a better chance if they could simply just focus on what they could make, and not worry about what they missed. I personally focus on that and feeling much better thanks to that right now.
230  Economy / Trading Discussion / Re: how to follow whales? on: March 29, 2024, 04:02:23 PM
Totally difficult i would say on which these whales arent that someone whom you could really be able to follow.Somehow excluding into those known whales on X on which you could really be able to watch out
on what they are doing but actually knowing before their purchase then this is something that cant be known. They might be telling something but they had already positioned themselves at the bottom and this is why it would really be that too hard or something too risky for you chase them up on trying out to follow because you might be ending up on holding into the peak once these whales would really be selling out.
This is why its better that you shouldnt really be trying out to make yourself that chasing up on whatever their movement would be and besides there's no way that you could be able to tell
on whose whale and those fakes.
That's right, following whales in the crypto market is not easy, you could only do what they do quite a while later, and crypto is quick so it is not going to be easy. This isn't stock market where you just buy whatever warren buffet buys, that type of thing is not working at crypto so it wouldn't really be reasonable to expect people to do something like that.

I believe that we are going to have some trouble one way or another, and we should avoid having these troubles. I believe that the best thing to do in this case would be just focusing on what we could do ourselves without checking what whales do. After all, if you learn TA and FA well enough, you should be considering the situation to be growing much better in the end.
231  Economy / Gambling discussion / Re: What is the #1 rule you live by in sports betting? on: March 29, 2024, 02:23:23 PM
We read you!
It would have been more fun if you had added some more context to the topic instead of writing this. However, moving on.

The number 1 rule that I live by in sports betting is to never bet randomly and always do good research and analysis before placing a bet because sports betting is not like traditional gambling games where you select your bet amount, click a button, and boom! The result is in front of you. Sports betting is something completely different and you need knowledge more than luck in it.

A lot of people get into sports betting thinking they can earn a lot of profit from here but they don't evaluate themselves first to see if they have got what it takes.
232  Economy / Gambling discussion / Re: Does prediction in sport work for you? on: March 29, 2024, 01:11:04 PM
If you are interested in gambling on sports, do you rely on prediction betting sites? Why?
What is the most prominent site you rely on?
I don't rely on prediction sites or individuals who provide betting signals and I would recommend others to have the same habit. Sportsbetting is not for people who are not into sports, which means that if you don't have a general interest in any sport and have zero knowledge about any sport but trying to start sports betting because you have heard there is profit in it then I would suggest you try something else and you might get better results.

Sports betting is for people with a lot of knowledge about sports, people who closely follow certain sports and know everything about the teams and players involved in that particular sport. That is how a person can be profitable if they venture into sports betting. You can't make money in this industry by just following signals or making random bets.
233  Economy / Gambling discussion / Re: How does affilate programs work in casinos? on: March 29, 2024, 11:40:32 AM
Affiliate course? I didn't know there was such a thing.
Are you are? There is nothing you can't find over the internet, and this is knowledge. You can't think that something that can be taught can't be found on the internet because people have monetized almost everything, and the education and knowledge sector is on top of the list. Affiliate marketing is a very popular subject, and you can find a lot of paid and free courses online for affiliate marketing, however, not every paid course is supposed to be worthwhile, so one needs to make sure they are going with one that is good and has good reviews.

@OP, a casino affiliate program works just like any other affiliate program where you get a percentage of the revenue the casino earns from every person that you refer to them. Some casinos would have a higher percentage, so you will need to do your research about which one has the best affiliate program.
234  Alternate cryptocurrencies / Altcoin Discussion / Re: Many new projects are now available for users for testing on: March 29, 2024, 09:39:52 AM
New projects in crypto are scams Precautions should be taken before use. All new projects perform well in the beginning and try to improve their teams to attract customers then run away with scams when their limits are met. New projects don't get much success so research the projects and then join. This may be due to both having different investors. The scam has seen a significant increase prior to the token halving events.
There is no denying the fact that making investments in new projects without research is unwise. People who become greedy tend to face losses in the market, and new projects mostly play the low-risk, high-reward game with their investors where they ask for minimal amounts as initial investment and promise that the investors would get huge returns on their invested capital which isn't true because something too good to be true isn't true.

That's why, it's essential for an investor to first do some research, observe the project and its development processes, see how they are doing with their audience and how their general engagement with them is, and then if they're satisfied, they should invest their money in that project, if they aren't, they should skip it and look for other projects.
235  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum vs Solana on: March 29, 2024, 08:29:53 AM
If you have $2000 and plan to invest that $2000 then definitely invest your dollar. Many of you may be putting yourself in a dilemma here but I would say you invest 60% in Ethereum and the remaining 40% in Solana Coin. Maybe you see Ethereum in low growth right now but the way it has grown I would say it has grown fairly well. If the Ethereum ETF is successfully approved in May, the price of Ethereum will increase further and create new ATH in the market. Solana Coin is also a good investment. Solana Coin has recovered most of its price this season and created the most excitement. But it is expected to create a better position in the future. Keep investing and gradually increase the investment and you will be more successful.
Ethereum is not just like Bitcoin that it will surpass  too fast but Ethereum is slowly moving forward but it is very important to have Ethereum nowadays cause it will help us having big profit in the future. That's why many investors buy Ethereum nowadays cause they will know that even though the price is slow in increase but it will surely increase in the end of the day. Nothing is impossible in crypto even solana can make us a good profit before sure but not just Bitcoin but still we can have a profit.
ETH definitely would be my choice because we are talking about one of the biggest coins out there, trailing only bitcoin. It has improved itself countless times as well and that's the most important part of it, there has been a lot of "forks" and innovations and new features on it that ETH always managed to stay on top of the game.

I still believe the same during this period as well, whatever gets hyped, ı bet you that ETH will have some sort of involvement with it. Remember 2021, ETH had both gaming market, NFT market, decentralized exchange market and everything else all under its umbrella. This is why I believe that ETH is superior, doesn't mean that SOL is bad, I just believe that ETH is a better version without a doubt.
236  Economy / Economics / Re: Farming and it importance to the economy on: March 28, 2024, 10:52:55 AM
What you say is not wrong , but you should not completely blame the government if that country's agricultural sector is not performing well because there are many factors that the government cannot intervene and support the people.  Just like my country used to be an exporter of jackfruit, dragon frui ...and many other agricultural products to the chinese market . But my country's government cannot control the demand and consumption of the chinese market, so if they suddenly stop importing, even the government will find it difficult to rescue all of those agricultural products .

We like to blame the government every time we encounter difficulties, but if we are fair and analyze carefully to find the problem . We will see that there are many problems that are almost impossible to completely solve and sometimes are not entirely the government's fault.
Yeah true, it is the profitability of it that dangers it. If a nation doesn't pay well enough for farmers, then why would anyone want to be a farmer in the end? Not everything can be grown at buildings or high level cutting edge aqua farming stuff that's rising right now, so some stuff needs to be taken care of by the farmers and while inflation makes everything more expensive, if you still offer cheap prices to farmers then they will stop, simple as that.

When they stop, you will have to buy those stuff from another nation, and that means money out of your country, and if money goes out of your country then the whole nation gets poorer. So, farmers are one of the most important jobs that you need to keep happy if you want self-sustainability for your nation.
237  Economy / Economics / Re: Early exposure of children to wealth and investments on: March 28, 2024, 07:23:42 AM
Financial advice for kids. This isn't about creating mini-us. It equips children to negotiate their financial world, which will be very different from ours. We need to encourage adaptation, problem-solving, and resilient thinking, not just obedience

The pressure-guidance debate? Real. Fear-based judgments result from pressure. Guidance? Showing them the options builds their confidence to choose. We must remember that individual journey is unique

Mental and emotional engagement is key. Give students critical thinking skills, not just facts. Grow your curiosity about the unknown. Raised for a 9-to-5? No problem. They may construct an empire or live off-grid. Opening doors is our role, not forcing people through one. Move past bank balances. I want fire in their eyes. Purpose. An want to live their own way financially and otherwise.  THAT'S the legacy and win
That is true, considering the trouble we are having right now, we should be teaching kids to be a bit more careful with their financial situation and be ready for the future. This isn't just the time about teaching lemonade stand, that doesn't make sense and it doesn't really work, it was a good idea to teach business for a while, but that doesn't mean they will learn it.

I think it is time to teach the kids something better something bigger, it is time to teach kids how they could figure out a way to use money to make more money, that is not easy for little kids but if anyone can figure that out, and teach their kids, those kids will do much better in the future. Otherwise, they will just earn salary like all of us.
238  Economy / Economics / Re: Does a place called Africa really Exist in the world Economy on: March 28, 2024, 06:22:42 AM
Every time Africa needs somebody to shift the blame on it's something that happened 100 years ago, there was no f Poland 100 years ago, there was no Finland and Japan and South Korea have been nearly leveled by wars, but no, it's because of evil westerners, not because the thing that look back at you in the mirror!
Who butchered 2 million in the Rwanda massacre, who was pulling the trigger, and who was beheading people? Who killed 1 million in the Angola civil war? Yeah, crickets!
The same Africans that have their own co-nationals blood on their hands scream about the west!

2200 will come and there will be the same blame, all the other colonies would have gone from 3rd world to normal civilized countries but the ones in Africa will still scream colonialism!
But it is just me, but I feel like it is not really about 100 years ago, but more regards to geography as well. Look at South Korea, they had one of the most deadliest war in the recent years, divided into literally two countries, and we need to remember that nothing changes and all looks like we are talking about something marginal, the reality is that they recovered and did better.

Africa can definitely recover, given enough investments, South Korea got huge investments from USA, but so did other nations and not all went as high as South Korea did, I think what Africa needs is more chances bottom out, because rich could be rich, but their poor is poorer than most nations, and if they can fix that, they should be doing fine. No nation where they need foreigners to come in and open a well, will ever get rich, no matter how much you try.
239  Bitcoin / Bitcoin Discussion / Re: If everyone is holding their bitcoin, will there be a balance? on: March 27, 2024, 09:51:03 AM
humans are naturally protective of their ownerships but we are also fragile and easily blinded by money. there are so many reasons why someone would be tempted to sell their bitcoin…

one would be if someone really needed the money and they needed to cash it out then they will sell their bitcoin, we are in different life situations and we have different levels of mental strength

one could think the price might go down soon and start selling and people will soon follow because it is just in our nature to follow what we think is right
Yeah, people would always sell under some conditions. According to me, one wouldn't sell only under two conditions, first is if they don't want to do it, and the second is if there is no option for a holder to buy or sell but if there is no option for that, there will be FUD all around the market and the value of Bitcoin will start dropping significantly.

Other than that, if every single holder of Bitcoin decides to not sell their assets, that would also devalue the coin because if there are no coins for new investors to buy, the demand will start dropping over time, and if that happens, the value will again start dropping significantly because those willing to buy will keep reducing the price demand.
240  Bitcoin / Bitcoin Discussion / Re: How safe is saving screenshots of useful information and BTC transactions? on: March 27, 2024, 08:31:24 AM
I am concerned now however about his screenshot taking habit, because it would be more problems for him if his phone falls into wrong hands and they see screenshots of Bitcoin transactions mostly.
He may have provided the information or data needed by the wrong hands or It can be assumed that he has so much and who knows what ills can come from thoughts like that.

* My question is, how safe is it to keep screenshots of Bitcoin/crypto transactions and useful information, on ones device?

* How do I go about letting my friend know about such a habit of taking and keeping screenshots on his device that I have observed and warn him about it, without looking like I sense bad days coming?
I mean it would definitely be better if he didn't, there is no doubt about that, or at least have backups just in case anything happens to his phone because lets be honest we are talking about having a trouble eventually, and that's the most important part.

I think it's clear that we are going to end up with something that will change the way he approaches things if he ends up losing some money to this, and that does make sense in the end. I believe that the best thing to do would be not doing this at all, but if he insists on doing this then at least tell him to have some backup plan, that would be a lot better and would give him a greater return, it would definitely allow him to get a better return in the end as well.
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