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321  Economy / Economics / Re: Do we truly need cbdc when bitcoin already exist? on: October 08, 2023, 09:43:38 PM
I would put the question another way. Does the state need bitcoin if the state has CBDC? The likely answer to that is doubtful. Bitcoin acts as a competitor to CBDC, so the green light that the state hypocritically gives to bitcoin now could change to a red light at any moment. I personally never trust the state
322  Economy / Economics / Re: Increase in stable coins adoption might just be the key to crpyto dominance. on: October 08, 2023, 09:38:12 PM
Stablecoins are now mainly used to circumvent sanctions or not to keep funds in banks. People do not trust banks very much now. Therefore, if a person has stable coins, it absolutely does not mean that he will buy cryptocurrencies. It is simply a more reliable means of storing value
323  Economy / Economics / Re: What US can do with its dept? Genuine question. on: October 07, 2023, 09:03:21 PM
Without a doubt there should be a lot of mechanisms for the US to reduce its debts all around the world, what is interesting is that they are not doing anything and instead the US is just increasing its debt ceiling, by this alone I can conclude that somehow the US debt is useful in some way or form, I am not so sure why this is the case as I am not an expert on the topic, but this makes sense, as otherwise the only other explanation that could explain why this does not happen is that the politicians in control of the US government do not know what they are doing.

The US has complete confidence in itself. They show that they don't care if they have debt or not. The main thing is that they still control the situation. And debt is a purely economic quantity that can be easily manipulated (the debt ceiling can be raised indefinitely).
324  Economy / Trading Discussion / Re: How long to learn trading? on: October 07, 2023, 08:57:02 PM
To learn how to trade, you must first of all get your nerves in order. Hasty decisions often lead to failure. You need to weigh everything very carefully and control yourself. It is also necessary to study a lot of trading strategies, their pros and cons. And what about trading tools? They also need to be mastered
325  Economy / Trading Discussion / Re: The most risky adventure you must avoid on: October 07, 2023, 08:51:40 PM
I think that most of the calculated risks taken in any endeavor might just be a too-careful approach to a situation and it may not produce as much result as when one happens to stumble upon the opportunity and just takes the risk instantly.

Many of the our millionaires and billionaires often times found themselves in such a situation and took a chance without calculating any risk, because that is how the big money is made without thinking toomuch about it.
The bottom line is to however always be prepared in any area of interest and wait for the right moment to take the risk.

The risk can only be partially calculated. There is always the possibility of force majeure or elementary health or technical problems. You can't be absolutely sure of your calculations, otherwise you could end up with a broken trough at any moment. Life dictates its own conditions
326  Economy / Economics / Re: Do we truly need cbdc when bitcoin already exist? on: October 06, 2023, 08:30:09 PM
Essentially, CBDCs are only needed by the government to completely control and manage the lives of citizens. Bitcoin, in my opinion, was created to accustom people to digital money. That was the first stage.  Now states are moving on to the second stage of complete enslavement of people - CBDC. But will bitcoin be needed by the state when CBDC is successfully implemented, or will they try to destroy it?
327  Economy / Economics / Re: Recession? How to face It? on: October 06, 2023, 08:16:55 PM
However not many people are going to be able to take precautions against the upcoming crisis as they live their life as if economic crises do not happen, and by the way the same is true when it comes to businesses.

So when things begin to get rough those people are completely surprised this is the case and the precarious balance in which their life depended disappeared, and now they have no way to deal with the new circumstances they have to face,  and only a minority of people plan on how to face those conditions and as you may guess they are the ones that tend to do better due to the preparations they took.

Unfortunately, many people live below the poverty line, from paycheck to paycheck, and they simply do not have the opportunity to save something. In order to register at the labor exchange, you need to have a lot of certificates, and there they give the lowest-paid jobs. Thus, a person is simply limited in his financial possibilities.
328  Economy / Economics / Re: A big win for crypto again on: October 06, 2023, 08:01:07 PM
I think this is more of a political news rather than an economic one. Although Patrick McHenry is a crypto-friendly lawmaker that's all that there is to it, I doubt one person can make such big changes in the economy and how the system works. We should really stop overhyping things and people just because the term crypto is placed before or after their names. Read the article and you'll see no relevance to any crypto-related topic but the position of McHenry and how he supports crypto, that's it.

I agree that one person is unlikely to buck the system, but the system may well use that person to test the public's reaction to a particular action. And depending on the reaction, the system decides how to proceed. A fine-tuned system is a complex mechanism
329  Economy / Economics / Re: Women are more economical than men. on: October 05, 2023, 07:37:53 PM
in fact they are really great at managing money. although some women always do shopping. they always understand how to spend money well and when to save it. This has become a good characteristic of the woman herself. that's why we need a wife in life. We will not be able to manage this money ourselves when we are tired of working. if we go through both together alone it will definitely be very difficult.

Everything here is strictly individual. Many women waste money - beauty salons, cosmetics, tons of clothes, jewelry, perfume, etc. Of course, there are women with a pragmatic mindset, who calculate the budget, but such are rare. So it all depends on the man himself, not on his gender.
330  Economy / Trading Discussion / Re: Arbitrage trading on: October 05, 2023, 07:31:35 PM
Arbitrage is a type of trading where traders buy crypto in one market and sell it in other markets. The disparity between the buying and selling prices is referred to as the 'spread.' Utilizing the contrast in liquidity and trading activity, traders can identify chances for profit generation. To seize such opportunities, it's essential to create accounts on exchanges showcasing substantial price discrepancies for the specific cryptocurrency being traded.

NOTE: Read the blog to know other types of trading:https://www.koinpark.com/blog/comprehensive-guide-on-types-of-trading

When engaging in arbitrage trading, it is necessary to take into account many factors - the speed of deposit processing by the exchange, the speed of withdrawal of funds, the reputation of the exchange, the intensity of trading on the pair, the speed of transaction confirmation and others. Otherwise, you may simply be left penniless.
331  Economy / Trading Discussion / Re: Do you believe Technical Analysis? on: October 05, 2023, 07:27:05 PM
Technical Analysis is very important for all trader because it predict entry price and zone price is likely to reverse, infact it give a lot of overall view of the market in term of price situation or condition if trending, consolidating and reversal all these are very important aspect of Technical Analysis, however fundamental Analysis drives the market it's causes the price to move with volatility which is very important for traders to take profit quickly therefore I am of the opinion that a trader who rely solely on Technical Analysis should also pay attention to fundamental news that can make or mar the price movement.

Technical analysis works as long as the manipulator allows it to do so. The manipulator has experts in technical analysis at his disposal, so he is always one step ahead. Therefore, you cannot blindly trust technical analysis. You need to be guided by other tools and also trust your intuition
332  Economy / Trading Discussion / Re: Trading can ruin you on: October 04, 2023, 05:39:28 PM
so true. Before entering, at least you don't only need financial capital. but you must really grasp a little technical analysis knowledge. If not, entering a market that has lots of coins and indicators will make you confused about what to do. I think the right decision to start trading so you don't feel like this is a scam is to learn about it first until you are really sure about actually trading.

In addition to mastering technical analysis, it is necessary to understand the intricacies of the cryptocurrency world, otherwise you can spend all your money to buy some meme coin and be left with nothing. Yes, the charts will be drawn beautifully, but this impression will be deceptive. Although any reliable project can dissolve without a trace
333  Economy / Economics / Re: Honda Now Accepts Bitcoin and Ethereum As Payment Methods on: October 04, 2023, 05:02:58 PM
Yes, many campaigns will soon start accepting bitcoin as a means of payment. But this may not have the same impact on bitcoin as it did in 2020-2021 when Musk announced that Tesla accepts bitcoin. Now this is a highly anticipated event that should happen in the next six months to a year, given the growth rate of the crypto industry
334  Economy / Economics / Re: Ideas without action: An overview of a successful entrepreneur and a dreamer. on: October 04, 2023, 04:46:10 PM
It is true that not everyone takes adequate and necessary steps towards the idea they have in other to make it work as planned, in every task ahead of us are also some requirements that are involved in them that makes the task deserves our relentless efforts to make it all happened as we wanted, some ideas only die along the way like smoke because they are just a mere dream that lack the further procedures towards it's realization, same also applies to every dreamers who have their own goals but refused to work on it, not until we are determined to offer the required sacrifice to see a dream come through, we may end having them only on an idea level.

Many of us have read or heard about Gogol's novel Dead Souls. One of the characters in the story, the landowner Manilov, dreamed of a bridge across the river, of trading on the bridge, and much more. And he dreamed all day long, and was so enthusiastic that he even forgot to eat. And he only dreamed - but did nothing. After all, dreams must have a real basis
335  Economy / Speculation / Re: BTC Sentiment Poll for October on: October 01, 2023, 09:41:32 PM
If you study the statistics, October is usually a good month for bitcoin. Therefore, we can expect bitcoin to be able to at least reach the $30,000 mark during the month. But it may well fail to gain a foothold and go back to 25,000-27,000. The speculators' games continue
336  Economy / Speculation / Re: Potential events that can initiate next bitcoin rally on: October 01, 2023, 09:36:52 PM
In my opinion, one of the events that could energize a bullish rally is the approval of bitcoin into the Blackrock ETF. The SEC deliberately delays events to set off a chain of events at the right time; the SEC is not independent in its decision making. Another event is the triggering of the process of distrust in fiat.
337  Economy / Economics / Re: Free Investment tips on: October 01, 2023, 09:27:09 PM
Most of the time probably health is the most important of all but most of the time we always forget about this one, All of our investment is just going to be useless in the end if we doesnt really maintain our health and do a healthy lifestyle, we should never overuse our body just because we wanted to earn a good amount of money, our health should be our priority most of the time, considering our money cannot really do anything when we already have complications on our health. Also when we die we can't really carry our money in the afterlife its just useless paper.

There are always a time when it is really difficult to manage my time and if you not going to manage your time that is where you cannot manage your health as well, I mean it wasn't really easy since we have a lot of things to do in our time and most of the time we always sleep late because we're putting our time on our investment, especially for some daily traders where you really need to keep updated on the market in order to make profit.

It often happens that victory is already visible on the horizon, but there is not enough strength for the final push. That is why I agree that in the pursuit of profit, it is necessary to take care of your health. You should also try to make decisions not in a hurry, but, as they say, in the morning. Measure seven times, cut once
338  Economy / Economics / Re: What would you do in this situation? Invest or save? on: October 01, 2023, 09:20:22 PM
Between investment and savings, both are very important things to do, but their roles are different. Investing in a business that we started ourselves is a good thing for us to do so that the small amount of money can continue to "spin" and make a profit. It is not important how much capital we spend, the most important thing is that it is a small step that we start to achieve great success compared to you can just plan without starting anything.
However, apart from that, we also have to pay attention to our personal savings to answer a problem (an urgent need) so that the money we invest in a business is not disturbed by this urgent need.

Investing should always be done with an eye and have a plan B. After all, often things do not go as the investor expects. And sometimes the chance to get a big profit appears when there is no money to invest, as all the money has already been invested earlier. This is the so-called mockery of fate.
339  Economy / Speculation / Re: Does bitcoin price increase after halving? on: September 30, 2023, 09:05:24 PM
As long as the decline in coin mining after halving is significant, it will affect the price rise. I think this is the last decline that will affect the price. The next halving will be minor and will have little to no effect on the price. So, in my opinion, enjoy the moment
340  Economy / Trading Discussion / Re: trade without fees? on: September 30, 2023, 08:54:21 PM
Commission fees are one of the revenue items of both exchanges and miners. Therefore, trading without commission is a temporary marketing move, nothing more, to attract new traders. Of course, we would like this world to be more perfect, but it is impossible. Earnings come first here
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