Actually I am very new on trading, And while browsing the forum, I saw that most of the time people are talking about the support zone, can someone please explain to me what the support zone is, I would be a little more happy if you explain it through a chart. how can I identify the support zone ?
Support zone as per traditional TA is the point from where market had done a reversal previously and after a resistance is broken it also become a support for the market. But these days this theory has been combined with volumes as well. So places where market got high volume as well those points actually are called support zones or demand zones but yes, basically it's a point which market should hold in a rally. |
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As we all know G20 happened, and all the 20 countries gathered to discuss various agenda's about current and past schemes that are underway in terms of national and international developments. G20 houses one of the highly developing/developed countries and with classic economic status. So what they discuss and what they propose does matter to the world in some way or the other. In the recent news interview India Finance Minister Mrs. Nirmala Sitharaman, clearly stated that all the 20 nations should also involve rest of the world on deciding new framework of the crypto. She thinks that crypto poses various threat to the economy and it is not the issue of one nation or 20 but it's an issue related to the entire global economy. Speaking of which, she added it's far better to have Global Framework for the crypto and we should have collective rules and regulations for the same. Day by day, they are getting stringent about Crypto usage. India's Finance Minister Nirmala Sitharaman participates in a news conference at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S.(REUTERS)
"I am glad to say that there is a greater acceptance among all G20 members, that any action on crypto assets will have to be global. The G20, I think, has responded fairly with alacrity (on the crypto challenge)," Sitharaman told reporters at a news conference after a meeting of G20 finance ministers and central bank governors.
"The G20 and its members agree that it's not going to be possible to have an independent, standalone country dealing with the crypto assets," the minister added.
Sitharaman told reporters that the group has willingly responded to the issue. A "synthesis paper" would be taken up on matters related to crypto assets during India's G20 presidency.
India has maintained it wants a collective global effort to deal with problems posed by cryptocurrencies such as bitcoin, and the finance ministry back in February said it had held a seminar for G20 member states to discuss how to come up with a common framework.
Earlier in February, Sitharaman had said, "We are going through the study process so that there can be informed discussion. International Monetary Fund (IMF) and also the Financial Stability Board (FSB) have been doing their own little work on the crypto matter and progressing on their own. We've now asked them to do the papers and give it to us and the rapidity with which these papers have been already from IMF given and from FSB which will be given in time for the July meeting. I feel that we are progressing in this direction. So something should develop."
She made the remarks while responding to a question regarding a consensus among the G20 nations on crypto assets during India's Presidency.
"Recognising the risks attached to the private virtual assets, G20 nations moved a step closer to developing a coordinated and comprehensive policy approach to deal with the crypto assets by considering macroeconomic and regulatory perspectives," she said. Need global coordination to regulate crypto assets: FM Nirmala SitharamanI am not surprised with this statement of hers. You see obviously Cryptos are a threat to traditional monetary ecosystem because it handicaps the potential of the government to control the money flow of the country. For them controlling flow and taxes is the most important thing and bitcoin and Cryptocurrencies restrict then from doing both the things. Also individually one country can't restrict Cryptos so they want a collective framework. |
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Rinku Singh and Nitish Rana are playing fairly well. Can we see another Rinku Singh masterclass(abiet it was dreadful bowling last time around). 70 needed of 24 balls, its not impossible.
Unfortunately, it did not happen again. I was also looking for another miracle by Rinku Sing. Rinku and Nitish Rana played well we have to admit. But the targer was too much. Too hard to chase. Last over They KKR needed 30/32 maybe. Same situation like previous game by KKR. But this time Rinku was not on Strike from the starting of the last over. Overall KKR fan enjoyed the game I hope. Honestly it's unfair to expect such miracles in every game. First of all this time it was a fairly long way to go they required more than 90 runs in last 5 overs which is too much. If KKR wanted to chase the target it should have been their openers that should have started the chase swiftly. Expecting only Nitish and Rinku to do the miracle is really too much to expect. |
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Government is good office but leaders involved have different motives, right now federal government order banks to trace any crypto related accounts in my country and block it. The banking system usually feels threatens when huge capital is withdrew from the accounts. But i real deals here is the government are afraid of citizens having independent living source.
Government loves to impoverished its citizens, a young Nigerian's account was seize containing N2.5 billion, as bank ought the account to be related with crypto transactions. This is more reason while they're many bans from wicked government who refuses citizens financial rights.
I think almost all of the developing nations are doing this these days. I have heard such instances in India, Bangladesh and in Nigeria also. First of all the central banks of these countries are afraid the if some capital will come from such sources which aren't under their control chances are they will impact their development policies. In my country no matter which government comes i am sure that there still will be such a behaviour from central bank for Cryptos. |
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Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
Obviously it does. I remember once when the market fell to 28k from 40k my liquidation in the market was just 1k dollars away from the lowest price and market fell by almost 13k in just a matter of few hours. When the market was falling I could feel shivers down my spine after market was falling every 1k. It was my hard earned money from a lot of successful trades and seeing it in this way made me really sad but happily it didn't went so down and market eventually picked up. |
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High rate of crypto illiteracy still makes me sad.
I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.
My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.
Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.
What's your opinion ? .
This is obviously better that the chance of payment not taking place is negligible in Cryptos but I have seen cases where a few transactions take hell lot of time in getting completed because of network scalability or just the fees being high. In case of Cryptos the fees is pretty hefty same can't be said with bank payments atleast payments within the country. So you can say that one is paying a lot of premium in bitcoin fees to get this full proof facility. |
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Many people decide by seeing depth charts that what the price will be in future, but the orders are constantly changing many people cancel and change orders many times,
then why this wall observer thread is opened, does it important to see the order wall or depth chart?
mostly price movements occur on market price which is due to intuitional buying or selling,
Mostly no. Especially exchange specific depth charts. It's because these charts contains a lot of orders of Bots or the market makers which keep on moving here and there and not always get executed if they are there. It's better to plot demand supply zones using previous trend reversals to determine whether there would be buying or selling on a particular point. Looking at raw buy sell wall won't really help you. |
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you know our local shops like kirana stores, novelties, hardware shops, etc. all accepts online payments like google pay, paytm, phonepe, upi, etc.
what if we convince our local shop owner's to try accepting payments in bitcoin like sticking a printout(QR code) of wallet address in next to other QR codes(google pay, upi)
in this way our people who are not familiarized with bitcoin will also start to learn about crypto and bitcoin. is it a good idea? anyone will try to convince locals?
Haha, even though your idea is awesome I would suggest you do this only with people you know or atleast are regular customer of. Because suggesting someone this in a country like India is risky, he will see you very dubiously first of all, also he will think that you are manipulating him and you might also have your own benefit. Mostly he'll let it go because of all bad things heard by him on media and if something bad happens to his funds he'll blame you. So beware doing such things here where crypto sentiment is very bad. |
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After having few entertaining matches right now we have another one-sided match with disciplined bowling from GT give them good advantage and now their batsmen are also doing good job for the third win of this season from their fourth match after winning toss a good decision by Hardick Pandya to bowl first give them good advantage, and they take few early wickets specially inform Dhawan were cheaply bowled out by Mohammad Shami which helps them for restricting PBK for having target like this 153 all bowers were on target.
Now as they were chasing this target lost two wickets with 91 runs in 12 overs mean things completely under their control Gill and Captain Pandya both are at crease which mean we will have early ended of this match as well.
It's getting close, to be honest a couple.of wickets here could really change the match. PBKS Strategy in batting has failed miserably their bowlers are still doing pretty well trying to defend the target but the batters really are performing below par. Gujarat on the other hand are quite fierce, Gill is in marvelous form to be honest and they have a lot of batting depth as well. |
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I came to know about Bitcoin as everyone here did it was from my friend. I was living as usual a life controlled by the government and its banks. I was not angry about my life, still I had the anger to be someone who can succeed.
I had somewhat good childhood but I always saw my parents struggling to get those fiat. It did saddened me as I saw my parents living a routine life and still did not enjoy it.
Now I know why they were always struggling to get the ends meet. I do not.know whether anyone here can relate to the same experience of my parents
When I understood the true potential of Bitcoin. I joined this forum as I am not someone who can spare the money required to invest for 1BTC.
So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?
# Please ignore my typo and spelling mistake.
Thanks!
No, Bitcoin cannot give you that life. Bitcoin is merely a decentralised currency created to for paying across the globe with ease, how can a payment mechanism make your rich? It's basically the chance to invest in it that "might" make you rich. But obviously it's already too late to enter bitcoin party for earning millions from just rags. So don't expect financial freedom just like this. What I would suggest is work hard for something and try to get your payments in bitcoin, this will make sure you are investing 100% in it and when the price goes up you'll get benefit of that. |
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I would say there are two more things that'll be required here. One obviously is the spirit to do the business. Because if it's just for earning money then eventually you'll get bored of trying again and again and end up losing interest in it. Second is your definition of success of this business idea. Honestly these days we all know to scale up you need funds and for funds you need dillution of equity, so the decision is how much? Are you planning to eventually sell your business to a VC? Or you are planning to go public by your own. Basically at what point you'll be considering it a success. This is important if you want to be happy.
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Honestly I am not too hopeful with the halving this time. I think bitcoin does repeat it's patterns but it doesn't repeat patterns in the very obvious way because you will see a lot of influx of capital if people think after halving market always jumps up. I think there will be a big all time low that might come after the halving and the only market might start to go up. I think bitcoin obviously never repeate itself completely.
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Gujrat Titans VS Kolkata Knight Riders
The top order batsmen had higher expectations but did not perform accordingly. Wriddhiman Saha's strike rate was just 100 and Shubman Gill's was just 125. Vijay Shankar who is on the pitch with a strike rate of 183 has been able to spin the wheel of runs. If two more overs can be used well then we can expect a good score. Gujarat Titans' current collection is 178. Guess Gujarat Titans will be able to score like 190. But this run will not be an easy equation for the opposition team Kolkata Knight Riders. The score revealed that Kolkata Knight Riders' bowlers could not utilize much.
Settled for 204, no way Kolkata is going to win this game. Also, I think this is first match where toss winner decided to bat first in this Ipl season. I take my words back. What a thrilling match!!! We have a king here. Everyone bow to Rinku Singh, 30 runs in the last over playing at the largest stadium of the country, with just 3 wickets left. I think this is Insane. Some could say it's fixed but I would say this is impossible even if the complete match is fixed. Even in fixed Match it's almost impossible to hit 5 sixes on last 5 balls of the match. This was like stealing away the match from mouth of Gujarat Titans. |
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What did Ajinkya Rahane eat yesterday?
Some random 19-20 year old players scoring 20 ball 50s for fun, Thala is back to his usual finisher role and even 3-dimensional (WC reference  ) guy Vijay freaking Shankar is scoring runs with 250 SR. There must be something wrong with the 2023 IPL edition or maybe Mother Nature is healing.  Only 1 thing is consistent, our own depressing KL Rahul. He never disappoints Hahahas someone has to remind KL that he is playing IPL. Coming to Vijay Shankar, he and Stuart Binny have always been considered two biggest chokers of IPL, they do play every year in some team or the other but don't make any impact, even on the national level. But this innings from him was remarkable. Even though he is far away from a national team selection, this innings looks absolutely excellent from him. |
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Since RBI has been against Bitcoin and crypto in particular from 2018 till today, I wanted to know how much they spent in general for minting INR every year. All this blah blah by the existing RBI governor against crypto will go into the gutter if you read the amount. For the financial year 2022, the amount in INR is 4984.8 Cr. Whereas the amount for printing money in 2021 was INR 4012.09 Cr. The amount might sound too much for a country that is considered a third world country globally. I found this information from a 2022 article. One of the biggest reasons for approximately spending INR 5000 Cr by RBI is to stop fake currency. Do you know CBDC can be counterfeited? If not then please this topic - Did you know the significant difference between Bitcoin and CBDC Can RBI stop fake CBDC circulation? Will they spend such kind of amount to safeguard it? This is quite interesting, i am reading this number for the very first time. Obviously printing money is expensive this must only be the direct cost, i think the cost of transportation of money from various banks to branches etc. Would eventually sum up to be very high even much higher than this number as well. Also I am really reading for the first time that even CBDC can be forfeited so first RBI will spend so much on implementation of the system and then an amount equally high on security maintenance of the system as well. |
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Mumbai Indians vs Chennai Super Kings, 12th Match
After dropping the first ball of their chase, the Chennai Super Kings made an incredible comeback. Their bowlers put in a remarkable effort to hold Mumbai Indians to a total of 157 which put tremendous pressure on their batters. They maintained their composure and used smart strategy to successfully chase down the target with three wickets and 11 balls left. The Chennai Super Kings players will undoubtedly feel more motivated as result of their victory and they will be eager to continue that spirit into their upcoming game. Both teams played terrific cricket and the spectators enjoyed a thrilling game.. Chennai super kings were outstanding today they comfortably chased the target given by Mumbai Indians. There balling was on point ravendra jadeja took 3 wickets and is declared player of the match . Mumbai Indians balling was weak today they couldn't put pressure on CSK in run chase. I was expecting this match to be very close and go till the last ball but unfortunately couldn't see such a match, however I think CSK was a better all round team today, saw a sort of unexpected version of rahane. Surprisingly even Mumbai is playing very bad this time. Especially Sky being out of form, that middle order looks so average. I thought SKY would be a key factor this time for Mumbai but it's not really going to be so i think. Also without Archer even Mumbai's bowling looks so average. |
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Hello,
I mostly watch others channel outside from india, is want to know is there any good indian youtube channel to learn about cryptocurrency, there are too many channels but many of them are sharing low quality content,
and someone crypto king keyur named channel is really getting worse now a days, i watched his videos 2years ago when i was new to crypto, and now he do too much overacting i get angry on him, don't get serious about that just a thought.
please tell if there is a good channel.
See first of all what is you intent to watch a YouTube channel? If you are looking for a channel to learn trading or just casually know about what is going to hit moon soon then unfortunately there is no such single genuine channel, all of them make random guesses which aren't accurate most of the times and also can be pretty dangerous because a few are just pumps and dumps, but if you want to learn about the technology there are plethora of channel, infact most of the channels will teach it to you quite accurately. |
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Hello all friends on this forum and I don't know that if I should post this thread on this forum or not. And also if I should share my success journey with you all guys or not. But still I am so happy and that's why I am sharing this with you. And I hope some of you might also have se experience. I want tks ay that in late 2016, when I was studying than I heard about Bitcoin. And that time I believed that crypto is a future and it could make my future. And that's why I tried my best to learn and at that time there were more scammers and I was unable to earn anything from crypto. And later when time passed I worked hard and than I lost almost 3000 dollars till 2020. And still I just worked hard and after some time I decided to work on many things but I failed. And I like my one thing that is just don't loose faith and work hard. And that was a thing that made my life and after 2021 bull run. I am earning more than 150 dollars from various sources and that's good for my expenses. As I am living in Asian country where we have low earnings and also low expenses and that's why that's Good for me. I don't know about other countries too and I hope that some of us members are earning more than 1000 dollars plus per month from here. And I can't believe that Signature is a good thing by having high quality post and that helps forum to grow and also sponsors to get their traffic from it. I am very thankful to this forum because still can't believe and I have never thought that I will earn money from home because now a days inflation is super high in the world and third world people are poor. I hope that you like my this article. As I was saying that I bought OnePlus 9 pro 5G in used condition that cost me more than 400 dollars and I mostly paid through my Signature earnings and also my trading and also my savings too. I am a student and I have to bear my expenses too. And that's why I am still happy by having my dream mobile to come true. Note: I already told you that I lost money and I worked hard to recover and now I am stable.
Ànd second thing is that this mobile was dream to me. That's why I purchased this. And also my loss was my success.
And third thing is that I already told you guys that You should work hard until you get succeeded,     That's really great man i am really proud of you. I still remember the thing I bought from my first income, it wasn't in crypto but yet it was a good feeling to have. You feel liberated when you do this to be honest. I wish you all the very best for the future and will give you advice to be stable this time don't go for any risky investments so you don't lose money unnecessarily, but yes make sure you are investing in good places so you can grow as well. PS: don't want to be a mood spoiler but isn't one plus software average now? After their tie up with Colour OS? |
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In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.
Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?
What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?
I don't really think there is any such necessity. I think the coins exchanged on such exchanges itself get sort of mixed so you don't need to do that much of mixing here. The problem is what if the exchange supplies information to the authorities but on the same side if you see even mixers can provide the info to the authorities we even recently saw chipmixer being stalled by the interpol so obviously there is nothing like absolutely anonymous Cryptocurrency these days. |
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I see this that lets go to war means let us ulter the existence of certain economic progression. Apart from death of people both soldiers and the civilian, it take back the system backward from the party in the war but the effect is more on the people not in the fighting, the world at large. It is effect more on the world as it increase inflation and reduce the living of the people of the world if the countries have major contribution for the world economy. The effect of war include rising inflation, extreme poverty, increasing food insecurity, deglobalization, and worsening environmental degradation. All the effect here are what we see in the Ukraine and Russia war, example is inflation that is affecting different country in their economy because products going out from Ukraine like wheat or corn leaving out there in small quantity and expensive. Russia is not supplying energy to Europe neighborhood and that slow access to production in the region there and causing life to be difficult. Russia is a major supplier of fossil fuels, especially to Europe. Disruptions to supplies of these commodities are driving up prices. The degradation of environment is also there if war happen and this is major effect on agricultural produce leading into the food shortage and insecurities around that. There are many negative effect of war but no profit and rebalancing fiscal priorities could prove quite challenging even in advanced economies. That's true. Wars are obviously bad for any economy unless some economy does war profiteering like the US did during the world war 1. But I feel in case of the Ukraine and Russia thing it's already too late. But your point is right not only does it brings economic disruption in countries in war it also brings losses in some form or the others for the rest of the countries. For example like Whole Europe had to suffer with high gas prices when they put sanctions on Russia. |
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