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2941  Economy / Trading Discussion / Re: HOW IMPORTANT IS STOP LOSS on: June 20, 2021, 09:18:37 PM
Stop lose = save Lives, yes this is my opinion about stop lose, because if you know the importance of stop lose then you will always apply it,
because in crypto trading,
It's a feature that will definitely save you whenever the market goes a downtrend as quick as it is.

stop lose is used so you don't lose a lot, and don't lose capital, stop lose of course not only in crypto,
but in Forex and stocks, stop losing is also important, so, if you trade then use a stop loss
That is in every market so that it can help every trader to save themselves whenever a sudden correction has happened. And even if you're sleeping, you can stop your losses.
2942  Economy / Economics / Re: Amateur Traders Cause Bubbles on: June 20, 2021, 05:30:01 PM
There are  more amateurs than those who are experienced and wise investors, once those heavy weights

start moving their assets, both sides amateurs are being moved as well, they know how to play from both

emotions and understanding, we can still see this influence from the current situations.
The influence is there from those wise investors and big investors and players in the market.

The amateurs are just followers for what they think is good for their own cause. But if they see that the market is not with them, they also don't do anything or take action just as the wise investors does.

They don't do anything if they don't let their emotions control them.
2943  Economy / Economics / Re: If we have crypto Why people still buy stocks? on: June 19, 2021, 09:55:00 PM
Involvement in the stock market provides a HUGE difference in flexibility, variability, and manipulations. Cryptocurrency is not yet as strong as the globalized market on stocks, as a large plethora of companies also rely some of their profitable side sources from their shares or proportions in the stock market. Accessibility is also very different in cryptocurrency, as it only involves mostly digital wallets.
I don't think it's not that strong, crypto market is already strong and there's already the support from different countries and as well as financial institutions.

But it's not just big yet as the stocks market. That's the thing that stocks does have right now and it's not as volatile as crypto but people are having more confidence of investing in cryptocurrencies as soon as they've understood it.
2944  Economy / Economics / Re: Covid-19 effect on your country's economy!!! on: June 18, 2021, 06:41:22 AM
Seriously the pandemic really affected lots of countries just that the magnitude of the pandemic varies, in my country now the pandemic really affected us because lot's of people lost there jobs which is making the rate of unemployment to increase there are lot's of graduates now but there is no work for them, lot's of people are suffering currently the pandemic have increased the level of poverty in the country and our leaders are really corrupt they don't care about the masses they only care about there self.
That is the same with most of the countries that I have read when someone has shared the situation of their people during this pandemic.

But lately, I saw that there are a lot of people in those countries that are starting to recover with their lives. Livelihood are coming back gradually and that is a good sign.
2945  Economy / Speculation / Re: Opinions according to the current market situation on: June 18, 2021, 06:08:20 AM
I think that the current situation will last until the end of the summer at least. After that, I'm hoping to see a recovery starting. Otherwise, I don't know whether we could see $60k again for Bitcoin e.g. in this year.
Be positive and optimistic.

It is very likely that we are going to see bitcoin again goes to $60k. We might have no idea when it shall happen but for sure that we are going to have that pricing again in the upcoming months.

One of the optimistic predictions that I'm hoping for is that bitcoin gets $100k at the end of this year.
2946  Bitcoin / Bitcoin Discussion / Re: Can we get another golden oppurtunity to buy? on: June 18, 2021, 03:13:19 AM
Less chance to get golden opportunity where you can buy bitcoin with lower price, but never less hope and keep save your fund or USDT above 30% from all your assets, we don't know when some country and Elon Musk or Bill Gate make fud with bitcoin or altcoin, they have did very time and make bitcoin dump extremely and you can use your saving fund to buy back.
Opportunity of buying will remain and it's all up to you how you will handle yourself to accept that a certain price is already a good price to buy. Forget about golden opportunity like a decade or five years ago or a year ago.

We need to move on and cope up with the recent. If you keep on thinking about those times, you'll just feel bad that you never got in. As soon as you get to have the cash and wanting to invest it on bitcoin, do it.
2947  Economy / Trading Discussion / Re: Why risk management is so important for Every Trader. on: June 18, 2021, 01:51:29 AM
You should learn about the same and you must invest in the market with small amount to develop the skill.
Learning with a small amount should be the starters activity so that they will have the idea how hard it is to make money in trading. And as they learn with that little amount, they will also understand why risk management is very important.

And when they have learned about risk management, they will now change their minds that earning and trading throguh crypto requires patience and time.
2948  Bitcoin / Bitcoin Discussion / Re: Kraken exchange CEO takes a jab at Elon Musk over altcoin dethrone Bitcoin on: June 18, 2021, 12:57:54 AM
I guess he can no longer take Elon's noise that has created ruckus in the community and has misled a lot of people already.

We will never know if Elon is taking seriously these arguments and answers especially if it is against to what he said. Whether he won't stop poking everyone there will those defenders that are in the business for years to answer his lack of understanding.
2949  Bitcoin / Bitcoin Discussion / Re: What is the most optimistic result of Bitcoin? on: June 16, 2021, 05:16:57 PM
The most optimistic for me is that everyone in the world and majority of the countries are into bitcoin already. Each countries have their own bitcoin reserve as an asset.

And while most of us got our own holdings that we're only waiting for the biggest day to come and that's when bitcoin reaches the highest possible price that it can ever be.
2950  Economy / Speculation / Re: So what's causing the current rise? on: June 14, 2021, 02:44:04 PM
Combination of many reasons. Tap Root, E***s tweet again, El Salvador's good news and the usual market that whenever we see a crash.

There's a recovery after it. I guess we're going to see $50k again if this continues but I know that there will be some stoppage along its way.
2951  Bitcoin / Legal / Re: I think Bitcoin is great as an asset and not as a Currency. on: June 14, 2021, 09:55:55 AM
You have an insightful thought about bitcoin as a currency and as an asset. But it won't change no matter what the big players will buy it, they'll look at it as the greatest asset that they can ever take.

And as an individual, it's not a problem if we're going to use it as a currency or as an asset. As long as you have bitcoin and you're holding it or using it for your purposes, that's all what matters. Because it's made for everyone in any class of society to be used as a currency or an asset.
2952  Bitcoin / Bitcoin Discussion / Re: I will not agree to a "Bitcoin Mining Council." on: June 14, 2021, 08:25:57 AM
I think we're going to the point that whether we like it or not, it's inevitable and will happen no matter what the community thinks of it. This is the influence of what money can do to a thing even though it's truly decentralized.

He's making statements that it seems that he's the one that should be followed by saying that miners should use 50% clean energy but ignores what the other contributors in the pollution does.  Undecided
2953  Economy / Economics / Re: Amateur Traders Cause Bubbles on: June 14, 2021, 07:13:00 AM
Gamestop stock also did a bubble and that's a perfect example of that study too.

As for the bitcoin market, there are more mature investors that are in here. Probably many came from the usual stock market and adopted bitcoin as their another market to jump in.

But it's still notable that there will always be those amateur and newbies that will invest to bitcoin out of their knowledge but due to hype.
2954  Economy / Trading Discussion / Re: Let's say you have a large amount of BTC and you on: June 13, 2021, 09:41:35 PM
sell it in P2P or collectors in your country, or you can buy Stablecoins and invest in them that's also a good idea.
I think telling that to invest it on stable coins is inappropriate. They're not an investment but what you're suggesting is a good idea.

But it would still lie down on huge amounts when someone has to withdraw it to cash and take the profit with them. The solution that has been mentioned is for P2P but if there's some other way, it would be splitting it in small amounts.
^ Splitting into small amounts before you will withdraw is the right answer because when you transfer the fund to your bank account. Do not cash it all at once because the bank will always be suspected of where the source of funds and it will probably you will be suspected of money laundering and worst if the money will freeze in your bank account for the further explanation that you need before it will unfreeze by them. As much as possible, send it little by a little amount into your bank account so that no one will suspect it. Because when you say a large amount, it would be million of dollars amount that you are holding which is a really big amount of money.
Yes.

If it's really a huge amount, the bank will be alerted that your account has received a huge money. Knowing and checking your bank account history.

They're going to be forced to know more about the deposit. That's splitting in small amounts is what most of the people who had experience on this do.
2955  Economy / Digital goods / Re: Sell a ready-made Casino System on: June 13, 2021, 09:17:57 PM
You've got active users on your chat. The design is good and fine for me. Why not just hire someone to monitor the casino for you?

And you've got a lot of active users I think based on the results below. But if you really want to sell it, at least give the buyer an idea how much you're asking for.

Anyway, good luck selling your casino.

2956  Economy / Economics / Re: Are you making money online? on: June 13, 2021, 08:40:03 PM
Bounties and airdrops can make money but little bit.
But more of the times that you cannot.

If you can make money online you must have skillful and ready to be an active you. There are various ways to make money online but just need to skills, patience and knowledge.
Skills is going to be your investment in finding ways to earn online and work for clients.

Upgrade yourself and learn some valuable skills that are very in demand up to this date and that's what you really need to have.
2957  Economy / Speculation / Re: Number of transactions declining in last 2 months. on: June 13, 2021, 08:17:52 PM
It's probably because of the high price of bitcoin and everyone starts to hold their bitcoins and started to be firm in holding. There could be more transactions in the past years but it also includes the small transactions.

With the news that we've got lately for this bull run, there has been millions worth in a single transaction and maybe those tx's have been merged and that's one factor why it's lessen in the last two months.
2958  Bitcoin / Bitcoin Discussion / Re: Don't believe in digital money? Well... on: June 12, 2021, 11:00:48 PM
digital payments are the same as we transact using bitcoin, the difference is that bitcoin is not yet fully used as a benchmark to become a legal tender.
but I believe that one day the digital era will make changes in the economy for the betterment of the world..
There's no need for bitcoin to be actually be declared as a legal tender because we as a community have declared it on our own. And it has been used the same way for years and we don't care about the government ruling. When the government declares the same, that's just a bonus of good news.

And you forgot to mention the other difference, bitcoin is a deflationary currency unlike fiat which is an inflationary currency.
2959  Economy / Economics / Re: Own a house or rent one? Quick survey! on: June 12, 2021, 10:06:46 PM
It actually depends on your situation. If your work is changing location from time to time and you have to relocate and you truly like your job then renting is the option for you.

But in the long run, owning your own house is still the best option. You have the value of appreciates yearly until you finish paying it. You can eventually sell it as a good profit margin or rent it or stay on it and you don't have anything to think about mortgage when you're done paying it.

Yes owning a house is a better option truly because it looks like a life savings that you have made. It may not be easy in the struggle to but at long run benecial. Having a percentage cut in salary and forfeiting some temporary pleasure can be stressful. Going for transfers from work should not be any reason not to acquire your own building because you can put it out on sale and regain your capital investment. This is the practice in my locality.
Not just a life savings but also an investment.

Aside from selling it, the common investment and passive income that you can do is to rent it out. If you've got the house in a good location, you'll have it rent and you'll surely have the monthly income coming to you.

Without any hassle and most of the time it won't be vacant because of the factor of being in a good location.
2960  Economy / Trading Discussion / Re: what do i need to be a successful trader ? on: June 12, 2021, 06:42:52 PM
when trading for the first time of course we try all techniques. and what we need is to learn and continue to practice real trading. that way we will find the trading style we want. without experience I think it is impossible for a trader to become a professional trader
We have to gain experience for us to test things in trading.

If you're just relying on virtual or test trading without any application of your money, you're just like playing trading in the market but you don't apply it to your own.

You can formulate some strategies that you'll be familiar with and can be your counterpart as you trade because you're getting a positive result with it.
Gaining experience is a must to be a good trader. To experience, you need the willing to learn. This doesn't mean you need to learn for a long. You need to learn the basics of trading as well as the possible ways of predicting the price analysing the charts and market moves. This can be attained through experience.

Start with small capital, and the rest happens good based on the way you do things through market observation.
And with errors that you do with your first tries.

That's where it's going to start the learnings. You'll have to extract every single mistake that you do with that first try and you'll have to learn from it so that you'll apply that with your next trades and that will be part of your good trades.
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