Be ready and open to risk, I doubt there's any trader who hasn't at one time in their trading journey experienced lose or taken unavoidable risk.
If you must be a trader, please be open to risk, trade with caution no doubt but let your consciousness not not blind you to the point that you avoid risk that may turn out to your favour
Aha, and the main question is where that golden mean when you are already not too panicked about possible risks but still is cautious enough not to lose too much. If it was too easy everyone'd become successful traders, but we know that majority doesn't. So we know that we should find a balance between courage in trading and staying cautious about risks, but we usually don't know how to do that.  |
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One of the reason why they need to learn how to trade for theirselves so that they will not this basic question to anyone since they might not get the best answer since no individual can give us accurate answer regarding on when is perfect time to buy or sell. All given answer is generic or recycle one so we better learn fr ourselves to determine which best for us and we can set our target to execute buy or sell according to what we feel on how the market currently flow.
Yeap, what is good for one can be evil for some other. Understanding right personal time for buying and for selling is really important when making a plan on investing and trading, and that is one of a most hard things. For instance as for me I'm still learning how to do that. Probably I can do that better than I could in the very beginning but I paid for that experience with both some money and lots of anxiety (and still think I'm too far from being good in that ). |
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you would never know unless you tested it yourself, AI still have some inaccuracy and just imagine it having some mistake while handling your money it could quite literally make your investments vanish just like that.
so I'd still refrain from using AI for making financial decision, it's always good to make the decision by yourself.
the only thing that could give you edge in using AI is the fact that it could reads the chart and compares it with textbook chart guides, that way maybe you might have some insight towards the market from the technical analysis.
other wise there's nothing really stand out from using AI.
maybe in the future once there's someone that develops better integration with AI then that might be the right time for you using it for trading.
If technical analysis worked in 100% cases then we probably could say if AI will work (may be not today, but in theory) even before using it. Because AI doesn't make anything new, it makes something like it was done before. So right you are, it can be a very useful tool for modelling of different scenarios which you can learn by yourself later, but it will hardly work good for trading by itself, without a control. IMO it is not much more revolutionary than nowadays bots and will hardly become so in the near future. |
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Is it cool to give a friend bitcoin as a gift on his birthday?
I have a friend who I have been telling about bitcoin for the past 2 weeks now and he's paying more attention to it, on the 1st of March is his birthday party I want to surprise him with $200 BTC because I can't attend his birthday party.
So is it apprised to gift a friend bitcoin at his birthday party?
Unlike majority in this topic I think bitcoin is not a good gift, especially for newbie. What if he is not experienced enough not to lose his private key or seed phrase? Imagine how stressful can it be to lose your present because of not understanding how to deal with it. What if he is not planning investing at the moment? Is there enough places to spend bitcoin directly around? Or has he to exchange them first? Will he be satisfied with an additional difficulty with a present? What if he would prefer to get a more personal gift? If money are okay as a present for him then okay. But if it will be the first time for money gift may be it is not a good idea. IMO some small amount of bitcoins can be a little addition to the gift just for curiosity, but main gift usually should be of smth else. |
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Some people did not understand this because they believe that leaving their money for a long time will not benefit them because they will use it for some business and make more profit, whereas others do not have the mindset to invest such a large sum and overlook the investment.
There are people who constantly check their wallets to see how much profit they have already made, whereas true long-term investors will simply leave their wallets aside until it is their target time to check the wallets and then see the amount of money inside the wallet; these types of investors are the best because they have enough profit that they will never regret the time they wasted while investing.
I'd say that there is no universal investing approach: if you choose to invest in bitcoin and wait for really long term it can be a beneficial strategy as bitcoin is an inflationary asset. But if you invest in some other assets from modern inflationary economy and you'll prefer not to manage your portfolio you can lose as easily as get a revenue. Entire sectors of the economy can disappear with time if technological revolution will give us something else in the same field. You should not be too impulsive, but you should not forget about your investments as well, it is always important to find a balance. IMO. |
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But if you are a responsible trader and has equipped knowledge and skills to trade, then why fear of losing?
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I guess that those ones who are already responsible, experienced and skillful has overcome their basic trading fears long ago, otherwise they wouldn't be so professional. May be I'm wrong but I think we talk about challenges for majority in this topic and I guess most of us are not so outstanding in trading or investing and that's why we want to learn harder and to know which underwater stones can be on our further way. And true professionals can read such topics for fun I guess, hardly to learn about their fears. |
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Exactly. Too many people believe that taking loans is nothing serious and it will be easy to pay back until one day, they find everything opposite. By the due date you can't pay off the loans and having no time and other resources leave them only one option: start another loan with high interests to pay back the old one. That's the vicious circle officially starts. I guess the true lesson they can learn from is that actions have consequences and never underestimate the small problem that you think you can fix. Over the course of life, we all need to develop a few good habits and this is one of them.
And that's why it is so important to teach basic economy at school. And even household economy, because, like you say, many have no idea how to draw up a family or personal budget. If they don't know themselves they hardly can teach their children and a problem will go further through generations. Taking a new loan to repay an old loan they can't afford usually shows that the one doing so has some problems with basic economy but to get yourself into a debt trap is a really bad idea. And yes, we can see lots of people doing so, unfortunately. |
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Курс доллара к рублю на Мосбирже дотащили до 75 рублей. Что интересно, чем выше этот курс, тем ближе к нему USDT становится, сегодня уже меньше чем полтора рубля разницы всего лишь. Если будет продолжатся подъем, то скоро они поравняются. А буквально несколько месяцев назад между этими курсами чуть ли не пропасть была. Интересная тенденция.
С учётом того, что полноценного обмена в банках для частных лиц так и не сделали, а какие есть курсы в банках, то там гэп зачастую просто грабительский, то, подозреваю, что мы имеет две разные категории заинтересованных лиц: стейблы покупают больше частные лица с не слишком большими капиталами, а на биржах торгуют игроки покрупнее. Возможно, это обуславливало разницу в цене в обычное время, а теперь это же делает безразличным курс стейблов к подвижкам биржевого курса. Ну, как вариант.  |
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That type of experience that makes you underestimate the risks is not as common as the people who do not know the risks of trading end up taking. If you are highly experienced and you take risks in routine, yes there will be situations where you will underestimate the risks and not really care about it and that could make you lose some money.
However, if you are a newbie that means you may not even know how much risk you are taking and that is a lot more common for many people. This is why I try to be careful at any time, every single trade is a potential investment, because if it goes down, I do not sell and get out, I keep doing DCA until I am in profit. You live and you learn.
Well, I can only confirm that poor understanding of an economy is more common for majority and mistakes based on being too experienced happen much more rare. So of course mostly all of us should learn more and more but IMO we still should keep in mind that we never can be experienced enough to not to be worried about the result even a bit. Bigger experience usually goes hand in hand with much bigger mistakes. Hopefully I'm not enough experienced in trading or investing to make really huge mistakes. Of course all mistakes are painful, and some were very painful, but as a result they were they were not too painful, at summary. |
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В 2022 году доходы от крипто скамов упали на 46%:
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График строго колеблется вместе с ценой биткойна: курс биткойна прёт вверх, и скамеры начинают выцыганивать побольше, курс идёт вниз, и на смену тучным годам для мошенников приходят тощие годы. Что весьма ожидаемо, если считать в фиате. А вот если объёмы криптопреступлений начать считать в биткойнах, памятуя, что для криптомира всегда 1 BTC=1 BTC, то, подозреваю, что график сильно снивелируется, и мошенники, в среднем, окажутся более-менее одинаково «успешны» последние годы. |
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По его словам, переводы производятся через легальные торговые платформы, работающие в офисном центре «Москва-Сити».
Ебать, колотить. Скажите мне инн легальной торговой криптовалютной платформы из москвысити. Мне чисто по базе огрн позырить на это чудо. ... О да, легальность работы криптобирж в России — это звучит великолепно! С учётом того, что никакие биткойны-эфиры ЦФА не являются, а про всё остальное постоянно и с показыванием грозящего пальца говорят, что в РФ никак нельзя. Максимум где-нибудь на зарубежных площадках. И тут такое открытие, я аж пошёл поискать хотя бы прямое цитирование, и нашёл его на РБК. С другой стороны, секрет Полишинеля выдал же представитель всего-навсего коммерческого банка... так что официальной позицией это не является, просто человек случайно проговорился о реальном положении дел. |
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If they succeed, this would be the second BTC embassy that El Salvador have opened after the one in Lugano, Switzerland, and i feel this one is a much bigger news with more impact because of the location, Texas, United States. Some people may not understand the idea of a BTC embassy, i too was confused and had to read something about it; BTC isn't centralized, so why would it need an embassy to enlighten people about BTC when they can do that online and get all they need to know virtually, the truth is that while it may not be the most necessary thing needed in the BTC network, but a physical building where people can go in and find out about BTC and do other crypto stuff is not bad.
Like i said, i think this is a big news because it is going to be an embassy in the United states, i believe to get to the next level BTC needs some acceptance in powerful countries like U.S, U.K, etc, and i know we are far from that, but if the talk of this embassy in the U.S is true and it happens, it could boost adoption in the U.S, and maybe in the future some form of acceptance from the government.
Well, we can think about it like why and which can it give benefits to bitcoin, but I guess El Salvador's government considers it some other way: more likely they tell not about bitcoin only, but about how it impacts El Salvador's economy and how people can use an opportunity of participating in economy of a country which legally works on bitcoin. It promotes not bitcoin only but El Salvador as well. And I guess bitcoin can be more wide known so it can give El Salvador more in this case. But this story shows how El Salvador's gov takes things seriously and why we can not only hope in success of bitcoin adoption in there but even largely expect it. |
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I agree with you and other people who explains their reason along with inflation, I mean lets be honest, fiat will get devalued more and more all the time and there are no nations with negative inflations ever, which means that value of fiat constantly drops. Which means we shouldn't hold fiat if we have some excess money, and what better to buy with that than bitcoin.
I know some like stocks and gold and so forth but bitcoin is the easiest and the best by far. I think it is good because it is not up to anyone to decide the price as well, if it is such a decentralized thing then we all get to decide together and that is why it is such a good thing, and this is why I choose it.
Yeap, the majority in the forum will agree with us as it is bitcoin forum. But to be honest there of course some challenges which bitcoin also faces up. But if to talk about other variants: stocks are a part of an inflationary economy as well, so they go down in long prospective the same way as all other inflationary assets. Commodity like gold can be better, but physical assets have other flaws: it is harder to hide, transport and trade them. When gov will decide seize precious metals once again as it done multiple times in the past it can do it much easier then if it will decide to seize crypto assets. |
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When it comes to trading and fear, I think the experienced traders know better how to handle it. They are more equipped in the trading strategy that can help them reduce or not to have fear in trading. What about if you have a limit to what you can lose, would you still have the fear? No I don't think so because you have already gone for the risk and staking out what you can lose. You can use stop loss in your trade and this is a way that you can take care of fear that is associated with losing of your money. Low risk also is another factor, take a lower risk then you are a little away from fear
Probability theory teaches us that any impossible thing is possible, it's just about its chance: universe can disappear tomorrow, but the chance is so small that we don't really consider it. Lowering risk in a high risky fields is not the same as lowering risks in everyday life, they still stay bigger than we got used to in routine. We know lots of stories of professionals who failed exactly because they were too experienced and didn't expect some situation with low probability, but not low enough not to happen like universe disappearance. And trading is one of a fields where mistake probability is always high. |
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I think Bitcoin is very necessary for us now. Because the price of bitcoin is increasing a lot. We will see that those who can hold bitcoin will make a lot of money from this bitcoin after a few days. In that case, what we have to do is to try to hold bitcoin. And if we spend bitcoin now, then for us. I think it is a great loss.
It is not mandatory that bitcoin will grow in rates a lot in the future. We know that it is a deflationary asset but that is not about volatility we see at the moment. So no guarantee it will become more and more expensive significantly. And if it is an only benefit you see in bitcoin one day you can be disappointed when it will not go to the previous ATH for years and years. I see lots of benefits besides that and that's why I prefer spend any fiat first. If it will grow up it is good, but I'm not relying on that only. |
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When spending, you're circumventing fiat. You're participating in a circular, Bitcoin economy. KYC-free and without taxation if you so choose. That's a big difference.
Yes, you are right, it is an optimal way of spending and if we had an option to do so in everyday life I'd prefer to use bitcoin and may be some other cryptos mostly every time I buy smth. But main problem that at the moment I can spend bitcoins directly rather rare... so there is usually a choice between not spending at all or exchanging to fiat and spending. As bitcoin is still money you just spend it when you need as you can at the moment, right? |
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Currently, I want to invest more in bitcoin because now the recent circumstances in my country are not favorable to hold my savings in the local currency. In my observation, there is no local currency where you can hold your saving without losing the actual value. So now the condition is as worse in the most volatile market I am feeling safer as compared to the Local currency. There are many reasons behind this, but for now, I am planning to start DCA with my saving.
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I'd say it was one of the main reasons Satoshi invented bitcoin: modern economy is based on inflation so if you hold your savings you lose all the time, more or less. If the gov in your country is less skilled or much corrupted you lose more, but even if your country has good gov you'll lose anyway, just less. So deflationary asset is something really alternative to modern economy. And it is really interesting especially for countries which economy is not developed enough. |
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Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.
Well okay, but if you hodl your bitcoins forever what impact does it have on you, on bitcoin, on economy in general? If money don't flow they are dead. If you want bitcoin to become stronger and be wider spread it should be used in different purposes all the time, the more often the better. It both gives sense to bitcoin and makes it more attractive to potential users. |
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I think the fact that anyone in the world can buy and sell Bitcoin 24/7, anywhere, makes it a bit more volatile.
All the fiat currencies usually are traded in a small period of time (9-5 Monday to Friday)... and also they can be controlled to make them more stable. Actually this sounds so archaic in the times of the Internet
Basically Bitcoin will probably always be more volatile because events in other countries might affect its price immediately in other countries.
It is not because of that you can trade it any time of a day, it is because that it has no regulation in trading. Any possible decision has both benefits and flaws so at these early stages of bitcoin adoption and development it can be so that beneficial decentralization at the other side gives the whales an option of easier starting a wave in a market. But to me the benefits of decentralization are more weighty so I'm ready to put up these temporary flaws.  |
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Представления о том, что биток всегда растёт - это отголоски биткойн-максимализма, ещё не изжитого в мире, но всё же. Со временем все максималисты куда-то пропадают, как только видят, как замечательно биток умеет падать.
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Отчасти да, это представление на базе имеющегося опыта, который наталкивает на какие-то выводы, которые вовсе необязательно соотносятся с действительностью хоть как-то. Все прогнозы о том, что в течение ближайших нескольких лет биткойн пробьёт 1кк выглядят просто выдаванием желаемого за действительное. А отчасти, в других контекстах, биткойн теоретически как дефляционный актив растёт всегда. Главная проблема, что из-за упомянутой волатильности мы пока не знаем, от какого значения покупательной способности он всегда растёт. Вот когда в отдалённом будущем волатильность снизится, вот тогда мы увидим, если обстоятельства кардинальным образом не изменятся, как биткойн постоянно, но очень немного, прибавляет в стоимости. И да, к сегодняшнему дню это отношения не имеет, но тоже может иметься в виду, когда говорят, что биткойн всегда растёт.  |
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