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281  Economy / Trading Discussion / Re: Why are people getting scared to Trade on: March 08, 2024, 10:09:26 AM
Some people may be frightened by the idea of trading itself because it's an incomprehensible procedure that can cause the trader to lose hope or even fall sick; this can happen without the basic understanding and knowledge before you start trading; they think it's about making money but forgetting that there are both hazards and benefits involved. It is essential that one understands each side of the equation because without this understanding, it is easy to become immersed in the excitement of prospective gains while ignoring the possibility of risks because they don't acknowledge that there are risks involved and fail to learn from the mistakes that they make.
282  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: March 08, 2024, 01:22:15 AM
Do you agree with me that there are still people out there who are successful traders, they know what they have to do, although this number is not many. I just want to point out what's going on in the market, not try to convince anyone to trade short-term or take profits on their Bitcoin.

Well it seems that we mostly agree on this point, even though you seem to be promoting the idea and/or practice of trading as if it were a good idea for normies, and most likely I am disagreeing mostly with your prior lack of highlighting that trading is a specialty that takes a pretty fucking long time to learn and anyone getting into trading likely should not be fucking around with large portions of their BTC stash, and so other words, any normies who want to get into trading likely need to limit their stash while they are learning and practicing and building up their skills.. and of course, people are free to do whatever they want in terms of assessing their skills and their abilities to trade, but it also seems that a lot of folks get false senses of their own grandeur and tend to devolve into gambling while proclaiming that they are investing, when they are not.
That's a really nuanced and accurate view of the potential risks of trading, and I believe it's important to underline that for those thinking about entering into trading. It is not something that can be learned quickly, and not everyone is cut out for it. Developing proficiency in trading, like any other ability, requires time and practice. And, as you mentioned, there is a significant difference between investing and gambling. It is essential for people to be honest with themselves about their own strengths and limitations, and to avoid engaging in risky actions that could lead to financial disaster.

Maybe one further point would be that if you are valuing your wealth in short term dollars, and you might not recognize and/or appreciate the value of bitcoin as a long term investment, even though you give lip service to your recognizing and appreciating such, this could be part of the explanation why you come to conclusions that making short term dollar profits from bitcoin could still cause bitcoin to fall within the category of investment - because you are thinking in terms of scalping dollars from short-term Upward BTC price moves... so then you lock in your dollar profits, and you consider that you had invested into bitcoin and you had profited from such investment.
There is a significant distinction between investing for the long term and scalping for short-term gains. When someone buys Bitcoin and then sells it for a profit, it's easy to consider it as a simple investment, which in reality is nothing comparable to Bitcoin Investment. But when you zoom out and look at the broader picture, things get even more perplexing Investing in Bitcoin is about more than just generating a quick profit; it's about realizing the technology's potential and the long-term value it may provide to society. This is why you cannot realize the true benefits of Bitcoin by scalping for short-term profit.

Well, I believe there are many people who have a basic understanding of Bitcoin and regard it as a simple investment opportunity. They are unaware of the capabilities of blockchain technology or the broader ramifications of decentralized finance. As a result, they may only see the opportunity for a fast profit, rather than considering Bitcoin's long-term benefits. But, at the same time, I believe there are many people who comprehend the broader ramifications of Bitcoin and see it as much more than a quick profit opportunity, and these are the people who really understands and reaps the true benefit of Bitcoin.

Well it seems that we mostly agree on this point, even though you seem to be promoting the idea and/or practice of trading as if it were a good idea for normies, and most likely I am disagreeing mostly with your prior lack of highlighting that trading is a specialty that takes a pretty fucking long time to learn and anyone getting into trading likely should not be fucking around with large portions of their BTC stash, and so other words, any normies who want to get into trading likely need to limit their stash while they are learning and practicing and building up their skills.. and of course, people are free to do whatever they want in terms of assessing their skills and their abilities to trade, but it also seems that a lot of folks get false senses of their own grandeur and tend to devolve into gambling while proclaiming that they are investing, when they are not.
yah right, though someone may claim to be a professional trader, doesn't mean that he or she would always win in their trading. Though you may be skillful as a pro trader after a long time of learning about how trading work and all that, doesn't makes losses negligible because as trader still you  can't predict the market movement , and most time  market may not move you way . The other things that differentiates a pro trader from a normies is their experience and the way they managed themselves when trading, and pro traders still make mistakes (because as humans we band to make mistakes) that may cause them huge losses now think about a normies with half-size knowledge. So I also agree that doing some regular jobs outside this space to increase your income. would be better than taking trading as a full time because is either you win or you loss. Have seen a scenario whereby someone lose his whole capital in trading expecially those that engage with future trading. That in most cases people takes trading as side hustling, as someone who's still new in this space and still have a thing for trading I would advice you to have a good job outside this space, trade wisely and as you are trading Same time try all means to allocate more percentage of your earnings in  accumulation of  some quantity of bitcoin in your portfolio (for holding) .
It is true that even the most experienced traders make mistakes, and no one can foresee the future with absolute certainty. As a result, it is critical to be realistic about the dangers associated with trading and to have a risk management strategy in place. That's why I think it's so important to have other options such as having an emergency fund as well as other income streams, outside of trading. I also believe it is crucial to have a balanced life with interests and hobbies outside of trading.

One thing I learned is that some people become so obsessed with trading that it consumes their entire lives. They devote all of their time and attention to trying to make a profit, ignoring other crucial aspects of their lives. This might lead to burnout and even poor trading decisions due to a lack of self-care. So, I believe it's important to strike a healthy balance between trading and the rest of your life. Whether it means spending time with friends and family, pursuing hobbies, or simply relaxing and recharging.
283  Local / Off-topic (Naija) / Re: Reason why the rich always get richer on: March 07, 2024, 09:51:56 PM
Omo, even Bible talk am say " For everyone who has, more will be given, and he will have abundance. But from the one who has not, even what he has will be taken away. If bible go talk like this, how we think say the rich people go first wait till their money finish before they hustle get another one, my dear, even if they get full the world, they still hustle day and night just to make sure say their no dey drop and wetin dey also make the rich to get richer na because them dey get the idea on how dey go carry increase their money, some na by investing, some dey invest for crypto while some dey invest as traders that is people wey they sell food stuffs, provisions etc and also why them they get richer too na because they get people wey get money too, so them dey help too, and them dey get access to something wey other people no get. But e tire me o, why them no go also make people wey dey poor, sha nothing dey equal for this world. Na e make life no balance.
284  Local / Nigeria (Naija) / Re: Is Investing into crypto really safe? on: March 07, 2024, 09:40:27 PM
Omo if no be say as our country dey do us yeye like this, I prefer to safe for crypto pass all this our bank them, if na only me and them, bank no go dey exist again, our government them won just comot anything way they answer crypto for our we country Naija but God no dey gree for them, e just dey pepper them for body as e be say some people no they reason government matter, like to dey find job opportunities even after person go school finish but person go still dey suffer. So as e be like say, some people don wise up, them don dey find means to dey earn for online where them go they received dollar, dey use dat one dey hold their side too, but e no mean side effects no dey as we dey save for crypto o, because if Bitcoin drop, our money wey we save their don drop too, for example if we get 5$ for their and Bitcoin come drop we go come get 4$ so na e be but even as that I find more safe and secure to safe crypto.
285  Local / Nigeria (Naija) / Re: The sooner you find an alternative the better on: March 07, 2024, 09:27:57 PM
Truth be told, if we no get an alternative as a Naija person for this economy pressure we dey like so, we no go survive am at all, to get alternative really dey important because say things no dey go as we plan or things no they fall for our own favour, if we no get alternative whether na for money side o, or anywhere at all, to get alternative dey really necessary, especially when it comes for work, that is work wey go dey pay you money, no be only one work, we supposed work again, we supposed get side work even if na hard work too, dey work for company dey also do your hand work small small especially if e don red for us, or if company or person wey you dey work for never pay you on time, you fit use that handwork dey guard yourself for the mean if not hunger and debt go kill us, Sha anything wey person they do for life require to get alternative so that if plan A no work plan B go work, na so life be now o, no be to dey depend on one thing o, if not na suffer we dey suffer and no be to dey wait first to see if plan A go first work before you go start to think of another way, the world don they exposed o so make everybody shine their eyes.
286  Local / Nigeria (Naija) / Re: Cheers to those of us that has no guidance. on: March 07, 2024, 09:15:52 PM
Lol, I swear we just dey do wetin dey our mind without no guidance even when they give us, we go still do as our mind tell us, although e no easy o. We they loss they also gain, sometimes our gain they plenty pass our loss, sometimes too our loss they plenty pass our gain, anyhow e be we dey push am they dey front even when we dey get loss, we no dey sabi give up easily and God dey help us too, omo we dey really get mind o, we no dey shake or fear wetin go happen, we go just say anything wey won happen make e happen.
287  Economy / Trading Discussion / Re: What traders must know on: March 07, 2024, 09:04:42 PM
Traders must comprehend the necessity of risk management; without a strong understanding of how to manage risk, it is possible to lose money quickly. Traders should also be aware of their risk tolerance, or the amount of money they are willing to lose on a given deal. They should also stop or take a break if they are losing, exit or know when to take profits, and always trade within their limits. Traders should be conscious of the emotional components of trading and strive to remain calm and reasonable under pressure. It is also crucial to know when to start, whether it is listening, staying current and up to date, or comprehending technical research.
288  Economy / Gambling discussion / Re: Don’t play gambling with drugs or in half sleep on: March 07, 2024, 08:49:17 PM
It is vital and preferable to be in a clear frame of mind when making gambling decisions or while gambling. Because it can generate a variety of problems for the gambler, including as increasing their losses. That is why it is necessary to educate people about the dangers of gambling under the influence, even though some gamblers do not want people advising or telling them how they should gamble because they believe they know best and do not want anyone to help them out, even if they know but refuse to admit it, so it is not advisable to gamble while under the influence of drugs or anything else.
289  Economy / Gambling discussion / Re: Patience can help alot on: March 07, 2024, 08:20:41 PM
True patience can be extremely beneficial in some cases, but not all. Some things do not require patience but have an immediate effect, whereas others take time to adapt to change. When things become frustrating, we must be patient and stay focused on what will allow us to progress over time. Without patience and perseverance, it is difficult to imagine how much progress could have been made in business, company, and so on. Even gambling requires patience; else, it may result in adverse effects such as high blood pressure.
290  Other / Politics & Society / Re: Is politics really necessary? on: March 07, 2024, 03:42:30 PM
Politics has become a business in some number of countries i know. Where people from younger to older age are all affected. They are doing politics to gain their power. In all these countries murders, fights, thefts, robberies have increased because they are doing these bad activities using political power.

Disadvantages of politics:
1. The number of your enemies will increase
2. It will be a waste of money.
3. Your time will be wasted.
4. You may have the possibility of death.
Yea, I think politics is actually necessary because without politics, it'll be difficult to imagine how decisions could be made on complex issues such as healthcare, education as well as infrastructure. But like we already know, everything has its advantages as well disadvantages, regardless of the importance of politics, it can also seen as the source of conflict and division in the society. Politics can also be quite a slow and inefficient way of doing things, especially when people in possession of the political power becomes selfish and putting their personal needs ahead of the need of the people.
291  Other / Politics & Society / Re: The rate of divorce in the society on: March 07, 2024, 03:07:42 PM
People in civilizations where trust is low and love is bought with money and material possessions are less likely to cooperate and more likely to engage in conflict. This may reduce the amount of love and trust in marriage and lead to divorce, especially if the couples are always busy and do not have time for each other. In today's society, men are more likely to look after beauty than character, and when they marry, they may regret and be unhappy, which will lead to divorce.
292  Other / Politics & Society / Re: Fight against corruption on: March 07, 2024, 02:52:56 PM
Corruption can lead to a lack of confidence, the division in the rule of law, or an improper use of resources. It is unfortunate that corruption has taken over the country and has affected our standard of living, therefore one approach to establish peace and prevent corruption is through transparency. Transparency can benefit us by promoting a culture of responsibility in which people in positions of leadership are held accountable for their choices.
Transparency can also be applied to identify and punish corruption when it occurs. Furthermore, selflessness can be used to combat corruption, among other things.
293  Local / Off-topic (Naija) / Re: IF NOT FOR GARRI: Drop your story on: March 06, 2024, 03:54:04 PM
Hahahaha, omo garri don really save us o, e dey always deliver, aside God na garri dey always sustain us, we for no know how we for dey do am for this economy pressure wey full everywhere but garri anytime you put call, e dey always answer but they won make am make e no dey affordable again so na to buy farm, plant cassava because if you no get farm ehn, I no sure say we fit afford garri at times because of the way e dey cause now and garri dey sabi bellefull person and e dey hold belle too. Omo garri dey really try.
294  Local / Politics and society (Naija) / Re: Asides Government na we be our own problem for this country. on: March 06, 2024, 03:45:04 PM
Na true talk be that, we dey talk say government na e dey cause why they dey suffer but the truth be say no be only government even us wey be human being dey follow dey put hands just imagine people wey dey do business like selling of food stuffs, as dollar rise, dey increase their price of goods even if they no buy am like that, they go still sell am high if you still talk they go talk say dollar don rise but if dollar don drop, them no go still reduce the price, na that one dey pain me pass, once price go up, nothing go make Nigerian traders to reduce the price even wen they no buy for high price but they go lie say they buy am for high price, so even we dey follow dey make people suffer, which is not good, as bible talk am say " BE YOUR BROTHER'S KEEPER" no be for where Nigerians they.
295  Local / Politics and society (Naija) / Re: How to manage yourself during this hard times on: March 06, 2024, 03:34:32 PM
Omo e no easy for anybody this time o, to manage things time dey very very hard, now to be to dey do only one work o because naira no get value again o plus things wey too cost too even transport self cost imagine you come still get small work but you dey pay transport dey go work everyday, if you calculate the money then dey pay for month end, calculate the money you dey use for transport, you go see say nothing dey for money and debt go still full for person body, but if you dey do work come still get side work, e go really help us for many things because na so I dey do o if not I for die since o but with like that and God, I still dey for the land of living and this time no be time to dey chop chop too much o except say you dey get am clear that is you dey see better funds steady
296  Local / Politics and society (Naija) / Re: Don't allow politicians to use you on: March 06, 2024, 03:19:33 PM
Of course, wetin politicians dey do for our we country no make sense at all, they just manipulate their thinking say na we they dey manipulate, as I dey so I no fit allow politicians to use me at all because they no they try at all, them just dey make me vex, thanks God say our motto for this year na " NO GREE FOR ANYBODY" so I no see any reason why I go gree make they use me, imagine wetin them dey do recently, they know say price of things don high yet them dey disturb people wey dey manage life for Bitcoin, since they no gree create job opportunities for people to take survive people wey still find way to take work for wer them dey earn for dollar dem still won spoil am for us but God no go gree o, because they if one door close another one open so no matter how they won try to make sure Bitcoin no exist for Naija, way go still come out but I dey always ask myself which kind feeling them dey get to always see us dey suffer, that kind joy wey dem dey get to see people dey cry, dey die self because of hardship? Anyways e concern them, God dey our side and no matter how the situation be, Nigerians dey always survive or improvise.
297  Economy / Trading Discussion / Re: Isn't trading almost like gambling? on: March 06, 2024, 02:53:13 PM
In my opinion, the two involve taking risks, making assumptions, and hoping for a payment, but there are some significant distinctions, which are emotions. In gambling, people rely on luck and feelings, and it can lead to decisions that are more based on emotions than reasoning, whereas in trading, emotional control is very important to make sensible choices, and they must distinguish their emotions from trading to be able to make unbiased choices that are trading with a clear mind. And trading requires discipline and patient while gambling requires more tolerance, because it can be very addictive when you start gambling.
298  Economy / Economics / Re: Cryptocurrency impact on Economy on: March 06, 2024, 11:52:19 AM
Given that cryptocurrencies are private and decentralized, that is they could be used for money laundering and other illegal activities. They can also benefit us by allowing faster and cheaper transactions, particularly when considering the state of our country. Hardships have made salaries insufficient to support us, but earning in cryptocurrency has helped us a lot and interfered with our local banking system. It also has an impact on how businesses manage their transactions; that is, if the dollar rises, they gain more as well. Although this affects us as individuals, those who earn in dollars benefit more. Cryptocurrency has also been used to provide work opportunities in recent years.
299  Economy / Economics / Re: Save money today so money would save you tomorrow. on: March 06, 2024, 11:30:37 AM
It is good to save money now because that same money can save us. In the event of an emergency, for example, if you invest in health today, your health will do the same, requiring us to eat well, sleep well, and exercise regularly in order to stay in excellent shape. So that we may count on a robust support system when we need it. It also pertains to relationships, in the sense that if we provide and be there for our loved ones when they need us, they will be there for us when we need them and support us in whatever manner they can.
300  Other / Politics & Society / Re: If you are paid while working for the Church , You will be Poor on: March 06, 2024, 07:10:25 AM
Not actually because you are rendering your service to the church or any other enterprise, you deserve to be rewarded unless you decide to work freely or give them a good discount for the respect of God, even if the salary is not as high as it might be in other fields because they are passionate about their and want to make a difference in the world, so financial wealth may not be our main priority, and they will also get opportunities from the church because the church may decide to offer them helps like healthcare, food stuffs etc.
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