You are totally wrong with that statement. Trading is not 90% psychology it is 100% real and have rules. I agree that control over ones emotions is a necessity for traders but calling it a 90% psychological game isn't a fair statement regarding trading.

Your confidence automatically builds up when you trade for more than a year. You will learn that trading requires understanding of the market during that year and your mistakes will guide you as a teacher. Even if you have a profitable system you won't have consistent gains. Trading isn't an easy thing and having constant gains with it is almost impossible unless you own a supernatural power.

You are wrong because a trader can be disciplined without gaining profits most of the time. It's the losses that help you to be disciplined. If you lose more you chances will increase because you will have learnt big lessons from the losses.

Now the final statement makes sense as it's required to have a profitable system set with proper plans, good strategies and timing. If all those are with you then your chances for having good profits is a confirm thing. You should also keep in mind that trading isn't a get rich quick scheme and that's why a proper trading system is required with have good gains from it.

I don't consider that tax high enough because if we compare it to the taxes that other countries have then still the tax is far lower than others. If they have generated 7 million dollars from the fee then it's their right as they have allowed miners to earn way more than that with low cost electricity they are providing.

The best thing about that country is that they aren't putting higher taxes on the ones who are willing to use renewable energy sources for the mining operations. I think they are trying to direct miners towards green energy and that's why they have increased the initial taxes on the mining operations.

A miner is still lucky enough to have mining operations in that country because they can still generate enough revenue through mining of Bitcoin in that region. I think that's enough for someone to settle their if their main goal is to run a hue mining farm. Because with such low electricity rates a miner can earn a lot from mining.

That's indeed a reality and will remain in that state no matter whoever does anything that won't change anything in the current system. It's government that decides that who will get good thing and who won't. And, people who oppose the decisions of the government will either be jailed or defamed badly. That's a bitter realty of the system and we must have to swallow it either willingly or unwillingly.


You did very well in educating them about Bitcoin and crypto-currencies as all the students have the right to learn about Bitcoin and its potential in this busy world. However, I must say that the lecturer is also right in his place because it's government that decides to make a currency legal or illegal tender. It a government puts strong regulations on a crypto-currency then it would be impossible to trade that crypto in their jurisdiction.


If his son has interest in Bitcoin then he will find a way to learn about it no matter what his father or someone else told him about it. The discouragement can't stop someone from learning about a new thing but in most cases it works in the opposite direction.

You haven't wasted your energy because those 2 hours of yours will change the life of many of those students. The eager ones will surely come to you to learn more about the currency and the technology behind it. You should also guide those students about this forum if you found them interested in Bitcoin.

First of all I must say that he's among those lucky ones who got early into Bitcoin. The early adopters really made good amount in profits with their investment and holdings. The wealthy crypto-enthusiasts definitely had a good picture of Bitcoin in their minds that one day it will return their initial investment and also give them enough returns to live a happy life.


That's a pretty awesome amount to live a happy life in a first world country like UK, and he was smart enough to stay in Nigeria until he could sell his Bitcoin for good returns. But still I think it isn't a good choice to leave your motherland and move somewhere else. I know that life in first world country is very enjoyable but still you will leave your family and friends behind.



No, I won't leave my country even if my Bitcoin investment makes me a billionaire. I would definitely move for vacation purposes to many countries but will finally come back to my own motherland. The reason is my family and my friends. It is really hard to live the life without my family and my friends even if I have the whole wealth of the world. I'm quite sentimental in this aspect because my family and my friends are very close to my heart.

I don't know about others but I think the Unicoin will be beneficial for the crypto community. Let's say if it stabilizes at $1 dollar than it would be better than most stable coins. The stability will remain as it's almost impossible to de-peg a coin that is supported by IMF, they hold huge money and no one can de-peg their coin. If that holds true then so much money will come into crypto market.

If it holds true than the use case for USDT and other stable coins will be affected and the Unicoin might take their place. I also believe that Unicoin will have wider acceptance because most of the governments will follow the order of IMF blindly as they have taken loans from IMF. The impact on those stable coins will be very high and some of them might be out of business. But, that will only happen if they incorporate the dollar stable version of their coin of centralized exchanges.

What if every country creates its own coin and have some kind of affiliation with IMF? That's also a possibly as most of countries will love to take the instructions of IMF and build up their own crypto-currency that would be tradeable online just like Bitcoin. Those fiat based crypto-currencies will be better in a sense that the volatility of those will be not so high. And, traders might consider them exactly as forex.

I would recommend you and the OP to not use those automatic grammar fixers or any AI to fix the grammar. The AI content detectors will flag your hard work as AI written article. I have done it in past and I regret that decision because even using Grammarly for fixing the errors can make your content flagged. Now, I don't rely on those software, and I try my best to make my sentences grammatically correct . It's little hard in start but with time your grammar will be improved.

I have tried Grammarly and another software to fix my sentences and grammar but the result made me unhappy because I somehow unconsciously fed those AI content detectors. I must say that if you want to be on the safe side and at the same time you don't want to be tagged by others than learn to improve your own grammar rather than relying on such automatic grammar and sentence fixers. I know those apps will make your content appear more professional, but that might be harmful as your hard-work won't be appreciated.

Those trolls are everywhere let them make funny memes for crypto investors. I think the person who created the meme has shown his situation after the unsuccessful investment. That's what a loser is expected to do because such people are unaware of the rules of trading and investment. They put their money into assets without gaining essential knowledge about the assets and put their money into it blindly.

The meme creator has just created the inverse of what investors can achieve with crypto investing and trading. The can fortunately move from bicycle and bus to their own cars if they do everything with proper planning. Now not every trader is going to earn as there will always be the ones who will lose. But, if someone knows the basic concepts of trading and investing then he/she will not face huge losses even if market goes against his/her predictions.

Therefore, I always recommend people to learn the basics of trading, by developing their own working strategy with technical indicators and one should learn to read the trading charts, and he/she should have a proper working plan. That will definitely make the investors prosperous as it's a fact that those who do investing with proper plans and have control over their emotions are always the winners in the game of investing and trading.

KeyHunt-Cuda version doesn't support for p2sh and bech32 addresses at the current moment and there has been no updates that would add that support in the program. I think the developers aren't interested in adding support for those addresses or they might have given up on the project.

your best bet is to add the support of those addresses yourself as the program is open-source and can be modified by anyone. But, that requires programming skills, however, if you aren't a programmer than you can hire someone who might do that for you.

Nice decision my friend. I really don't have a contact that deals in those areas but I would recommend you to buy good Asic miners like Bitmain Antminer S19j Pro as they are good for future-proofing your mining operations. It depends on the budget then you should go with this miner and purchasing three of them will allow you to have around 300 Th/s and that's a lot of processing power.

That's true! Bitcoin is profitable as an investment for those who can hold it for longer durations. Although, no one can actually predict the intensity of profits that comes from Bitcoin but it's still profitable for the long term investors. The duration of profits can't be known as it could be from few months to few years.


That's also similar to your first point. Holding for good amount of time is profitable for investors and buying at the right time is also important because if you buy late your returns can be less, but if you buy at right time you can have good returns.


In any field of life we have those skeptical people and they just want to dishearten us. Those skeptical people who oppose Bitcoin and are against it are illiterates  who have less knowledge about its potential. And, with that limited knowledge they dishearten others from investing in it. Some people do that willingly for the marketing purposes as their main goal is to misguide innocent people so they might fall prey and buy their products.

Your points are valid and you have definitely learned something valuable as a Bitcoin community member. I appreciate your efforts of sharing the tips with us as they can be helpful for many newbies. I found them interesting and true at the same time. Keep it up my friend and share more knowledge with others. The knowledge increases by sharing.

Those people think that Bitcoin is a magical coin that could multiply their investment into 2x or more but they actually are unaware of the real benefits that Bitcoin offers. Their main aim is to earn as much as possible in short time and that's not going to happen with Bitcoin. Bitcoin isn't a Ponzi scheme we in this forum know that better than others, and it's also not a get rich quick scheme, but a very valuable asset and futureproof technology that is helping millions of people. It has been a source of income for many people and it's helping businesses with its decentralized transactions.
 

Learn to avoid those Newbies as they aren't aware of true potential of Bitcoin, and they mostly post to get an idea to earn $100 or more on daily basis which is an unrealistic goal for them and they won't be able to make even $10 a day because their aim is to earn the money. When it comes to earning or hard work they are lazy enough to do any work to achieve that level of earning.


That's true, Bitcoin is a good investment for Hodlers who can hold their investment for decades to earn some good profits. It isn't for those who are dreaming of becoming rich overnight. Bitcoin is a very valuable asset of the ones who can hold it for longer periods, and the potential gains for those people will be very high.

I really appreciate your way of promoting Bitcoin and helping the students at the same time by giving them gifts. Your way of spending really makes sense as it is always a better choice to help the needy ones. The students will always remember the gift and they will also find the ways to adopt Bitcoin in future. You have inserted the seed of Bitcoin into their minds and that will grow into trees very soon.

After this step you should try to educate them about Bitcoin and you should also suggest them to join this forum. Help them with the education and they will be your friends, and companions in the race. They will share the education to others and that way the community will see new and valuable members. Such simple steps are the most important steps for the growth of the community.

                                 

I have to disagree with you in that point. Shorting isn't the cause of max loss if your trading skills are good and you know futures trading very well then shorting could give you short term good profits. In order to gain profits in short positions you will have to have an amazing strategy, and a mind that can avoid fear of loss. You should never go with more than 2x leverage and you should also divide the funds for hedging. That way you will earn enough profits and the losses will be minimum to none.


This one is somewhat right and somewhat wrong. You won't gain infinite profit with the longs. You should also keep in mind that you'll have to pay a funding fee every day. In case of Binance it's 8 hours duration when you will pay funding fee. The exchanges change those fees every once in a while.

Other than that longing also has risks if you are trading a wrong pair. Some altcoins have gone below 100% in past and that means people who have put money into the long positions have lost everything. I remember that thing happened with Terra Luna when many long holders funds have been liquidated during that disaster.


You might have used higher leverage and you might have not divided the funds for hedging. Otherwise, it's possible to earn huge returns with shorting. I have been earning with shorting and I can definitely say that it isn't bad if you know the market conditions.

Royse777 sir as I have been accepted in one of your campaigns I'm leaving my avatar only spot for a deserving one. Thanks a lot!

Your story is very interesting as very few people got the chance to know about Bitcoin in 2010's or earlier. If you had not heard your friends opinion that time then you might have made much more than you have made after realizing the potential of Bitcoin in 2017. Many people didn't even heard about Bitcoin before 2014 hype, but after that the adoption rate increased. I congratulate you for finally understanding the true potential of Bitcoin and earning with it.

I first came to know about Bitcoin in 2016 from this amazing forum. I was mainly trying to find a way to sell some Udemy accounts that had some premium courses which I enrolled using 100% off coupons, and I was lucky enough that one of my Google searches took me to this forum. After signing up on this forum I learnt initially about Bitcoin and some other altcoins, and my knowledge increased over time. I have learnt a lot from this forum and without it I wouldn't succeed in crypto world.

I invested in Bitcoin and other altcoins during 2017 and I have made some profits, but due to market collapse I have lost some of my investments that I put into altcoins. It was around $1000 that I lost because I invested most of it into a low quality altcoin that I thought would go to moon, but it went to the Earth's crust instead. I also invested on some other altcoins and hold them in a exchange. My luck didn't favored me in that choice as well because the exchange went down and I lose almost all the capital that I invested in the altcoins. Initially I turned my capital to $6000 with trading but after those events I lost everything.

However, I must say that I was lucky enough because I was in touch with crypto since then and in 2021 I have made my mind and restarted into crypto world. And from that time I have been earning a substantial income through trading and other legitimate ways. I also tried my luck in gambling sites but lost money instead of earning any profits from those sites. I don't know about others but for me trading was a good choice. If someone can master it then the volatility of the market is highly favorable. I won't claim that I'm a master level trader, but so far it has helped me a lot.

You are somewhat right as the whales can move the market in Altcoins but in Bitcoin they do not hold that much power to manipulate the market. The Bitcoin market is highly volatile and many of those whales will also lose their money if they try to pump it. There is no one who can exactly predict the Bitcoin price and if those whales are long term holders then they won't get affected as Bitcoin's price will reach all time high one day.


This is the way of the market and I agree with you on this point. However, the whales have already accumulated enough Bitcoin when its price went below $16K because most of them were aware that soon Bitcoin will cross $22k mark and that event happened sooner than their estimation. The ones you're referring as weak-hands are also making profit with scalping. Everyone earns differently in crypto market, but I would only call those people week-hands who sell their Bitcoin at loss.


That's true indeed, those who can't control their emotions in crypto-trading world will always lose because of the volatility. The greedy ones who want to get rich quick are always the ones who will sell with losses rather than getting any profits. Their greed turns into fear when they see the red candles, they want the green candles but without a proper trading plan and a well developed strategy they shouldn't even expect the green candles.

Thanks a lot Royse777! I have updated the the signature and avatar.
Total number of posts (including this one): 633


Royse sir I sent you a pm with my bech32 address and  gmail address.

You have explained it very well my friend. But, I would like to add that the signal can sometimes turn into a disaster when market volatility is high. In a high volatile market the signal could be the cause of huge losses and many traders if execute trades by using this indicator will have to face the consequences.

Although, this indicator is one of the working ones but still only experienced traders can unleash the true potential of this amazing indicator. In certain cases the indicator could give good profits to a trader but sometimes those profits are limited as no one knows when a price correction occurs. The market is highly unpredictable and nobody can master it even with years of experience.

You are absolutely wrong my friend. Coinjoin has never been made to work that way it isn't a protocol for PoS (Proof of Stake) thing, but is a tool that works similar to mixers because its main feature is to make the transactions anonymous so no one can track the origin or final destination of a transaction.

Its works in way where it combines multiple transactions using a method that turns them into a single transaction. That makes it difficult for others to track the origin and final destination of the transactions which are done through the tool. Its main goal is to enhance privacy and provide anonymity to transactions and nothing else.

I read about that fork but I don't think that anyone have found that useful. Even in 2023 no body is investing in that thing and since 2017 the mention of the fork has been very limited. However, the idea of the developers wasn't bad in its first place, but these days things mainly depend on adoption and in that area there wasn't any good response given to that thing.

I tried to find an exchange that might have listed that thing but unfortunately it isn't listed on any known exchanges till this day. I think it was just shot in the air rather than having its place in crypto ecosystem. I even tried coinmarketcap but unfortunately I haven't found it there as well. Even by conducting a defined and text quoted search on Google I haven't found anything related to that Bitcoin Marius thing.