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281  Economy / Economics / Re: Economic Implications of War on Individuals on: October 18, 2023, 05:27:07 PM
War absorbs a country's resources drastically. Most of the resources have been allocated to war efforts which causes the lack of funding for infrastructure development. The overall impact of the war was felt by the poor and middle-class people who lost their jobs and businesses. Most of the time war is initiated due to the selfishness of politicians and bad decisions about the international relations of a country.
282  Economy / Economics / Re: Young people needs productive mindset to be happy in life on: October 18, 2023, 05:12:20 PM
Actually I think it doesn't just apply to young people, feeling productive is essential to feeling alive as you get older. That's provided you have a certain intelligence, because there are people who spend the day in the pub drinking beer and talking about rugby and that's enough for them. But in general, having a job that satisfies you and staying productive in it is an important component of overall happiness.

Totally agree with your statement. Human body and mind is a natural worker. People who spend their time without doing anything ended up being losing their motivation and satisfaction to participant even in social activity. Work hard, take rest to work in the next day. This should be a usual routine for a productive person along with other extra activities like meeting friends, learning something new, developing a skill etc
283  Economy / Economics / Re: Russian Crypto Exchange Moves Money for Gaza Groups on: October 18, 2023, 04:38:16 PM
Putin’s Russia has long become a terrorist state that supports terror and destabilization of peace throughout our planet. This is one of the few states that constantly creates the image of an external enemy for its citizens and thus mobilizes them to unite around the existing government, and thus this government stays afloat for a long time. Therefore, Russia cannot exist without wars with its neighbors.

The Hamas attack on Israel would hardly be so powerful if it were not supported by today's Russia, which needs to distract its people and the peoples of the world from military failures on the Ukrainian front, try to discredit Ukraine and deprive it of international assistance. But these attempts will still become obvious over time and boomerang on Russia itself. In this case, Israel will clearly not forgive Russia for providing assistance to Hamas.

Error. It was not Putin's Russia that became a terrorist country, it was the USSR that developed the concept of world terrorism, put it into practice, and Russia only inherited these "achievements". There is nothing surprising or unexpected in this news. Believe me - there is still a lot of interesting news about the scriptwriters of this massacre in Israel, and the word "Russia" will be more and more often. Already now there is evidence that there were weapons, specialists and "consultants" and I do not exclude that intelligence about the IDF was also betrayed to terrorists from the hands of Russian intelligence. Now I'm talking to acquaintances who are in Israel, they say a lot of very "interesting" finds are made and received from captured terrorists. But the Kremlin's bastard Netanyahu will probably try to hide or classify it. But hopefully the truth will be available

I think this was done intentionally to move the world's focus from Russia-Ukraine to the Middle East. The military aid ukraine was getting will be reallocated to israel as USA will always protect israel no matter what. Iran can also be involved, as saudi was trying to make a agreement with israel to stop the expansion of Israel's settlements in the west bank and specify a border for Palestinian authority there. So much is happening in the middle east right now and who knows, it might initiate a new war front.
284  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 18, 2023, 04:28:06 PM
For those who have experienced profits from trading bitcoin and made it their main job, of course they won't get tired, I have a friend who trades bitcoin and altcoins, he seems to enjoy his work and has a lot of free time because trading on spot exchanges is of course very easy and you can set profit targets what you want to get.

Trading crypto can be enjoyable as long as the trader makes profits through his trade. This is not always the case because it is also time consuming and unhealthy to sit on a chair for the whole day and wait for the opportunity to make the next move. However, trading crypto is super risky and you can lose all of your profits in one shot which can be really painful for a trader.
285  Economy / Trading Discussion / Re: Common mistakes by unskilled traders on: October 18, 2023, 03:48:46 PM
Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

I agree with your points of view. Mistakes improve a man's knowledge and experience. It is important to learn from your mistake and if you make the same mistake simultaneously then you are not concentrating. Every time a trader makes a mistake a short note about it should be taken so that he can improve his strategy by finding out the reason behind that bad trade.
but experience could be obtained by other means like reading other experiences, its not always needed to have first hand experience to be able to contain any problems.
because after all thats gonna be expensive experience to learn and not everyone could afford that.
its also why its better if we could just learn from other mistake, to keep our capital from decreasing, and also to be able to have higher chance of proffiting.
there's reason why many veteran trader recommend to skim through some books first because its essential in increasing our experiences.

Reading books can give you knowledge but not experience. You can be motivated by reading how others enjoy swimming or driving a car but you won't get how it feels until you actually do it. Having knowledge and experience is not the same thing. An experienced person seems knowledgable but a knowledgeable person can be inexperienced. You can learn from others mistake but it won't give you the confidence to face the challenges.
286  Economy / Economics / Re: It doesn't increase purchasing power on: October 18, 2023, 03:44:26 PM
First, I like your finance perspective. Always enjoy talking to enthusiastic folks. Money fascinates me

You're discussing fiat currency, which relies on economic trust and credit rather than tangible goods. For every $1 paper money, the central bank to have $1 in assets is outmoded. Modern economies are past the gold standard and asset-backed systems. Why? Due to flexibility. Governments and central banks can better adapt to economic developments

My take on this was that the emergence of paper cash was based on the principle that for every paper bill bank holds an equivalent amount of assets. You are right it is outmoded now and modern economies have chosen a new standard. This new standard gives government flexibility and control over the economy but this causes the loss of wealth for people with hyperinflation.

Yes, governments have the power to print money, but it's not as simple as just printing and causing devaluation. A system, process, and strategy underpin it. Manage inflation, boost growth, and maintain stability. While transparency issues are important, finance is complex, multifaceted, and intricate. It's not just about printing money; it's about managing an entire economy.

The more the government tries to control the money the worse matters get. The system is not totally crap, what makes things bad is corruption within the management authorities. 

287  Economy / Trading Discussion / Re: Emotions dealing on: October 18, 2023, 03:24:18 PM
The only thing we can dealing with Emotion is by using great money management strategies. Humans can be emotional but if you have a money management strategy then it will keep you away from any emotional trade. Critical thinking and patience should be practiced if you are trading crypto. Another thing we should always keep in mind is anything can happen in crypto. So don't think something is impossible to happen in crypto. It will be best if you are more optimistic.
There are problems that, even with money, you will find impossible to overcome, therefore you will still be emotionally involved. Saving or managing money won't even cross your thoughts at this point because the money you are generating is not even enough to cover your needs. and to succeed in any kind of financial investment, you need to be patient and pay close attention. and when it comes to cryptocurrency, you need to be wise.in order to prevent investment regret.

If you are not generating a sufficient amount of money then there is no point in saving money. The first condition is to have funds to conduct trading activities. If you meet that condition then you can think about money management. You can be wise or not but you need to be smart to be successful and a smart person always has a plan for his future actions. Money management is something that can give you confidence that it will give you the feeling that you are making an investment not gambling with it.
288  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 17, 2023, 08:22:22 PM
People's interest can change in the market. Which is what balances the market. Difference in utilities.

Then why is people's interest in bitcoin not changing? This market is manipulative, the government doesn't want it, the price is too much volatile, Adoption isn't increasing at a fast pace and there is so much negative news related to bitcoin that still people want to trade it. This dramatic market and forever evolving nature make this territory more appealing than gold and other commodities which show very stable movement. Bitcoin market creates its own unique behavior in the global market.

People's interest in Bitcoin is so intense that I don't think this effect will go away. Despite many obstacles, Bitcoin is still talked about, traded and believed in. As such, we cannot talk about a decline in interest in Bitcoin.

Over time, the actions of those who don't want Bitcoin are causing confidence in Bitcoin to grow even more. Because their arguments for disliking Bitcoin are not well-founded. We all know that the day will come when Bitcoin will be truly appreciated by everyone. That's why Bitcoin trading and the convenience it brings will never end.

I don't think there will be a time when bitcoin will be appreciated by everyone. Some people will be shocked to hear that even gold has a community that doesn't like it. I can see you are overconfident about bitcoin and I know why. You are only looking at the price and thinking this will continue forever. People like bitcoins deflationary nature but they also forget that this makes bitcoin challenging to accept as a currency. People don't want to use their bitcoins to pay for services because they know their price will increase after sometimes.
289  Economy / Economics / Re: It doesn't increase purchasing power on: October 17, 2023, 07:48:28 PM
There are many economic theories that believe that interest rates, no matter how low, are harmful to the economy, and therefore loans should be 1:1, and that there is no safe and secure way to generate money from money except through risk, such as trading, trading, and other methods, but given the world we are in and its nature. In the global economic system, this does not happen. We have a system based on interest and on creating money from money and printing more for prosperity, and the person who collects the assets remains the biggest winner.
The problem with paper cash is that there is no maximum cap on printing money. What government does is offer interest to their people so that they deposit their savings in the bank which keeps those funds out of circulation. This should increase the value but what happens is the opposite the government prints more money to pay interest when the interest should be paid from the profits government made from the loan they took from the bank.

Paper cash based monetary system can keep an economy stable by manually increasing or decreasing the money supply but government has only interest in increasing it so money gradually loses its value over time.
Maybe not all governments are that greedy. And have you noticed, some currencies are still high in value when compared to others? IDK if what you are saying is true that printing money has no cap, because there might be and we only don't know it. And even if it doesn't, many banks doesn't print too much of it because they also know the consequences of doing so.

I think it's the government are the ones who offers an interest but it was still the banks because this is where we keep our money though maybe they still get an order to them. Depositing money in the bank is only optional and not many are attracted to it because the interest rates offered by them are not that lucrative enough.

I am glad that you have an interest in finance but I am sorry that your knowledge about finance is not strong.

All the governments are greedy otherwise they won't price paper cash without any assets to back them. The basic principle of paper cash is that for every $1 paper bill there is $1 worth of assets in the central bank. So the ratio of paper cash to assets in reserve should be 1:1. Paper cash emerges with these promises but this doesn't happen. Because the government is in control and the general public can not verify the money supply, they print an unlimited amount of money which causes the devaluation of the currencies. Governmnet government prints money and the central bank distributes that money to other banks to circulate it in the open market. This is how new cash comes into circulation.
290  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 17, 2023, 07:41:01 PM
Then why is people's interest in bitcoin not changing? This market is manipulative, the government doesn't want it, the price is too much volatile, Adoption isn't increasing at a fast pace and there is so much negative news related to bitcoin that still people want to trade it. This dramatic market and forever evolving nature make this territory more appealing than gold and other commodities which show very stable movement. Bitcoin market creates its own unique behavior in the global market.

I disagree with some of your points, bitcoin market is not manipulative yes people will actually think that it is manipulative because of some events that surrounds it, but it is not manipulative, because manipulation is when people sit around and make decisions to influence the market, example is fiat which the government can either print more or reduce the printing number to control it. But with bitcoin there is no such central authority to manipulate it, many top bodies have tried it but to no avail.

The volatility of bitcoin also is just base on the fact that bitcoin is still at an early stage if you notice the volatility of bitcoin in the past years compare to this year you will notice a significant reduction in the volatility rate, this shows that as bitcoin grows more it’s volatility will reduce.

Also bitcoin adoption is on rapid growth, and even the mere number of people that registered on the forum although it can be use to justify it properly will show you how it is growing. The number of countries also relaxing their laws to accommodate bitcoin shows it’s adoption growth

You don't need to have central authority to manipulate a market. Manipulation comes from two things: artificial market demands and use of influence. In the bitcoin market whales hold enough bitcoin to move the market few thousand dollars up or down. This scenario has already been observed after fake ETF approval news. Otherwise how market will pump 4000 dollars within few minutes and return to the same level after the truth has been revealed. This was manipulation and whale used the news to manipulate the market. This can not be done in the forex market. A currency loses its value but it goes down steadly and people have enough time to react but in bitcoin market you will not be able to react in time if you are not extremly lucky.
291  Economy / Economics / Re: Cracking the Code of Saving Money... on: October 17, 2023, 07:21:52 PM
You can't save anything unless you are earning way above your monthly expenditures because inflation keeps going higher over time and the prices of goods and services are rising up really fast with no clear sign of stopping or dropping very soon. In such a situation, one can barely be able to save anything from their income unless, as I said earlier, they are earning way too much that they can't spend it all on their monthly expenditures no matter how much they spend.

So, personally, I'm unable to save anything at the moment because my income doesn't cover all my costs along with savings and I can barely fulfill the needs of the household with the income, that is the reason why I'm always looking for extra sources of income just so that I can also have some savings and don't face any issues with the expenditures.

What you are saying is true and most people can not save money because they don't have a basic understanding of finance. General person opens a bank account and saves some money from their monthly wages. After 20 years they can see that their savings amount is big in number but they don't realize that their money lost 70% of its PPP over these 20 years due to inflation. Keeping paper cash as a savings is the biggest mistake most people make.
292  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 17, 2023, 07:04:01 PM
People's interest can change in the market. Which is what balances the market. Difference in utilities.

Then why is people's interest in bitcoin not changing? This market is manipulative, the government doesn't want it, the price is too much volatile, Adoption isn't increasing at a fast pace and there is so much negative news related to bitcoin that still people want to trade it. This dramatic market and forever evolving nature make this territory more appealing than gold and other commodities which show very stable movement. Bitcoin market creates its own unique behavior in the global market.
293  Economy / Trading Discussion / Re: Correlation between buying and selling of bitcoin: Is it a technical methodology on: October 17, 2023, 06:54:51 PM
There is no such thing as marketers on this market. It's all about the supply and demand of Bitcoin and that's making the price go high and down.

That's more of the technical thing and also about the halving which cuts the reward for the miners, when there's lesser reward for the miner. It's giving the lesser amount of Bitcoin which makes mining more expensive because the supply that's being mined is lesser than before.

Moreover, just go back to the law of supply and demand and that's it.

Supply and demand are basic financial fundamentals. When supply increases prices drop When demand increases supply decreases and prices move upward. Mining rewards should make bitcoin inflationary though halving is supposed to slow down the process. So most of the rally in the bitcoin market comes from demand factor. The more new investors come to the market and take a portion of the bitcoin supply out of the market the more demand increases. Halving creates a FOMO in the market so investors rapidly accumulate bitcoin and create a huge gap between supply and demand that causes super spike in the price after halving.
294  Economy / Trading Discussion / Re: What Reward for a Trading Mentor on: October 17, 2023, 06:44:24 PM
In this case, you need to ask the mentor you find directly. Sometimes some people want to be paid monthly for meetings several times a week. Maybe there are several other mentors who take advantage of a few percent of the profits you get. However, it is quite difficult to find a professional mentor in trading. Many people claim that, but basically they are also looking for additional income from it. A professional mentor will probably provide evidence that they are really good at this, or maybe people already know him or her well at it.

If that mentor is a sales man he will ask for payments weekly or monthly but if his sole intention is to educate some people then money will not be his first priority. It is not advisable to look for a paid mentor instead learn from YouTube and create your own strategy. You will not need any mentors for the rest of your life. However I don't think anyone should have taken investment decisions from others.
295  Economy / Trading Discussion / Re: Do You Use Crypto Signals? on: October 17, 2023, 06:39:13 PM
Most trading signals groups are a scam. If they claim to be making as much money from trading as they want us to believe why do they have people paying for the signals? Why do they also kick out anyone from their group who calls them out? Those 5 star reviews you see are fake. Theyhave either paid people off to give those reviews or they did it themselves using a different account.

The best signals you can have if the one you get yourself through research.
All these groups with signals are trying to do is attract buyers who will buy subscriptions to forecasts from them, and the sad thing is that there are those who are willing to pay for it. Any reviews and results can be faked, this is a marketing ploy they resort to attract customers.

If they provide this opportunity, then try to follow when they give a signal for some transactions and see for yourself how well they work out. Often these will be useless signals. Maybe when the bull market is growing, all this will work, but at that time almost everything is growing, it is difficult to trade at a loss.

It's just a stream of revenue for some people. They don't have knowledge of the market and they don't know how to do technical and fundamental analysis. They just copy others ideas and share them with people to look cool. Most of the time when they share any signal that pair has already gone up. That means they just reshared that signal with some other group.
296  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: October 16, 2023, 10:21:20 PM
Israel and Hamas have intensified the conflict between Russia and Ukraine, which has not even begun. At this point, it is unclear how it will affect countries that are far away from the conflict. Could Israel and Hamas be to blame if fuel prices and prime commodities are quickly impacted even in Russia and Ukraine?

It's still unfortunate for the citizens of the aforementioned nations, though. How do they manage to survive there? Given the current state of the nation, the situation must be challenging, right?


The war between Israel and Hamas has nothing to do with the war between Russia and Ukraine. Even the conflict between them won't have a significant impact on the fuel price as they are not oil-exporting countries. What i can see is that this conflict makes the lives of people in gaza extremely difficult. They were already in dire situation and now Israeli govt declared a ground operation which will lead to a humanitarian situation and many civilian life will pearish.
297  Other / Off-topic / Re: 10 platforms where you can earn money performing tasks on: October 16, 2023, 10:03:54 PM
Upwork is the place to be if you want to earn money consistently off of your talent. Been an upwork user for years now and I must say it has helped me propel my freelancing career. They've been a little stricter these days though and I felt like they're wringing the necks of upwork freelancers now more than ever with all these stupid verification processes but at the same time I'm still thankful for upwork's help in my career and would always recommend it to people who are looking to start their freelancing journey.

fiverr is mostly for gigs and not something you should really look forward to if you're looking for a more consistent earning potential.

Upwork has quite strict qualifications. I submitted applications as a freelancer there many times and have not yet been accepted. I was frustrated when I became a freelancer on Upwork. Judging from the reviews and performance of Upwork, it is very good and there are many projects there with pretty good pay.

Until now I am still trying to become part of Upwork, do you have any suggestions for me so that I pass the Upwork qualification?

Why do you need to be accepted to upwork to start working as a freelancer? There are other platforms that are quite popular like upwork and some of them have the option to withdraw money through crypto. Upwork accepts mostly professional people in every sector and they have a simple test for newcomers. I think your skill doesn't match their requirements so it will be better to try on another platform.
298  Economy / Trading Discussion / Re: You are also like them? on: October 16, 2023, 09:34:36 PM
Either if you like it or not, that doesn't have any effect on people who are making those videos. That's how they are making money and they will do anything to keep that happening. But it is up to you or us to whether trust them or not. As of trading goes, you should never follow others or copy other's work. If you don't do it on your own, then there's no point.

Those squiggly or scribbling lines could be true. Maybe they are good at what they are doing. But why should you follow them? Technical analysis is a process to somewhat predict the future of the market. But it is never 100% accurate and never will be. You can guess it to an extent and that is how people trade. As long as you don't follow those videos or those people then you are good. But if you are foolish enough to trust those videos, then that's a "you"problem.

It doesn't matter if you are copying others strategies or not. What is most important is to make profits. Technical analysis can complicate things. If someone opens a higher timeframe for the bitcoin pair he will clearly see where the price can go next. Some YouTubers use that kind of analysis to show how knowledgeable they are so that they can attract more followers to their channel. Those complicated analyses have nothing to do with actual trading.
299  Economy / Trading Discussion / Re: Do You Use Crypto Signals? on: October 16, 2023, 09:24:22 PM
Trading VIP signals may be good. I never followed it. Sometimes trading signals don't match expectations. I only follow an analyst, he only makes long-term analysis, and I also do long-term trading. I just use the analysis signals he made as a reference.

I think there are as many telegram groups as whatsapp groups or youtubers who ask people to join these different groups and often they tell about joining vip signal or premier signal group.I don't think anyone can make good profit by joining their VIP or Premier group,but one thing is certain that joining such a group gives a good profit to the person giving these signals.VIP Signal Group or Premier Signal Group cannot be joined for free,Rather, people have to pay a hefty fee here every month.

Some of their indicators may be accurate, but most of them have very low returns. It is not a long-term trade, but an investment. You are investing for the long term, as we don't have to worry much about market fluctuations after buying, As we intend to keep it for a long time. I think your long term investment decision is good, which can give you good returns in the coming bull season.

I have some experience with such a paid group. They share some short term trading signal which are usually pumped before you get the chance to buy. What most of those groups do is join multiple top signal groups that have massive followers and copy and paste signals from those groups. So when you notice that signal that pair has already pumped few percent.
300  Economy / Trading Discussion / Re: What Reward for a Trading Mentor on: October 16, 2023, 09:18:47 PM
It is very rare to find this type of mentor. Many offline and online trading classes charge a fee per session.
Mentors as you say apply to people we know intimately, such as friends or someone in our home environment. And he is really skilled and has a lot of money, I'm sure they will be more proud if their students succeed.
In contrast to paid mentors, they focus more on the material they are going to teach, tend not to be thorough because they also have an obligation to mentor other people who pay them.
However, other people's methods are different, some like to look for paid or unpaid mentors, and there are also those who like to learn on their own through collecting material information independently.

You need to be extremely lucky to get a mentor who is well known in this sector. Usually if someone is making enough money from trading he doesn't bother to take on such responsibility. But this is not always true and there are generous people who want to share their experiences with others. There is no way to determine the actual reward for a trading mention as a genuine person usually doesn't want to be a mentor. If you find one then give him a reasonable price and be grateful.
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