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341  Economy / Economics / Re: what makes us good investors. on: November 02, 2019, 01:48:21 PM
Good investor can get much profit, without earn money with bitcoin investment you are not good an investor, but become how to be good investor is not easy, you have learn first before which altcoin do you want to buy, you have know is good altcoin for buying right now or not and you have can control or manage your profit with your investment.
I don't know what are you trying to point out, if it is about earning money with bitcoin investment or making profit with altcoins.

I also don't know if you agree or not, but it looks like you agree on what he said.

Nevertheless, being a good investor doesn't need to just make profit with cryptocurrency because a good investor can identify different opportunities in different fields because of his knowledge in investing and also the self discipline that he has as an investor.

I'll take this as a yes, by identifying different opportunities in different field, an investor could make profits. All people who invested their money in cryptocurrency is a good investor to me, what made them a worst one is they lack in faith, knowledge, my simple analogy for that is they just took a lion as a pet and they though they could tame it but it kills them in the end.
342  Economy / Trading Discussion / Re: Smart hodling vs just hodling on: November 01, 2019, 04:57:50 PM
For someone with a little understanding of digital market, holding is best.

I disagree.

Holding requires also a lot of skills, to be honest, holding without any idea what tokens you are holding, how much potential of those tokens you are holding could give you in the long run, and so many more, there are so many things that we should consider regarding about holding, it is not a child's play. Holding alone will make your profits disappear, you might wake up one day and your portfolio doesn't have any value (burning of tokens) or being delisted on exchanges.

I think you're not talking about the holding , holding is just holding. Buy and wait till months or years before we sell it.
You talked about how to choose a good coins to hold and how to control our emotion for not panic when our token / coins experienced a big drop.
Holding only top crypto currency is recommended for beginner, coins such as ETH, XRP, XLM are the coins with a great future and it might won't disappoint the holders

So you mean you don't want to hold good coins, and randomly buy cheap coins you see on exchanger, hold it and wait for months or years before you sell it? doesn't sound like a good plan to me.

But let's go with your point, maybe holding is just holding, the way you hold your coins is like running a cup full of hot water without a lid or cover, and it will spill all over you, you'll get hurt (losing your profits) and the way I hold my coins is with a lid, of course, we are both running (holding) but unlike you, I am very careful not to spill hot water on me, at least I am aware.
343  Economy / Trading Discussion / Re: Do expert traders hide their loses? on: November 01, 2019, 04:18:18 PM
*Face palm*
I believe yes, they are hiding it. It's their strategy to keep their losses and only expose their earnings to attract more investors.

Wait, what? I hope you are not being serious when you said this.

I am confused, investors? to what? Traders don't hide their losses to attract investors, because they are the investors themselves, they invest their own money, they don't create schemes which they will give referrals to people, ride with their trade, and will run off once they don't earn profits, that's not like that.

Every business type do the same thing. That's how they promote their products. They will build it with positive reviews. That's a marketing strategy and and we can't blame them for that.

Trading is a business, indeed, but I don't agree to the point where you say they hide their losses to attract or promote their products, maybe if we are talking about exchanges, I will agree, but we are talking to individuals who act solo on what they are doing. They hide their losses because there is no point of showing it, your failures makes your success more louder, bear that in mind.
344  Economy / Trading Discussion / Re: How to avoid BTC related scam/fraud when selling thru PayPal on: November 01, 2019, 03:20:34 PM
Never send first, that is the first and foremost.

If you could provide proofs that you are a legit seller, never agree to anybody who will buy bitcoin to you that you are going to send them first, they are going to say excuses like, they could be trusted and many other bluffs, but don't listen on them, move on to other buyers who are willing to send first. Don't regret losing buyers like that, or you'll regret transacting with those kind of buyers in the end.
345  Economy / Trading Discussion / Re: Tools/apps to manage portfolio? on: November 01, 2019, 02:42:58 PM
But anyway, the top portfolio trackers are Blockfolio[1] and Delta[2]. If you really want a "manager" though, whereas you can trade on that app via exchange APIs, then check out TabTrader[3]. I really haven't used TabTrader though, so do your due diligence.


[1] https://blockfolio.com/
[2] https://delta.app/
[3] https://tab-trader.com/

I use blockfolio app on android since 2017, and I've encountered some bugs like it is buffering sometimes when loading your portfolio, maybe it was on my internet or it is just the app, and sometimes it doesn't the price chart, overall, it is good for me and I also recommend it to everyone who needs it. It is the simplest and easiest app on managing your portfolios, especially on their new version.
346  Economy / Economics / Re: Africa - Hidden Treasure for the world and bitcoin on: November 01, 2019, 02:05:55 PM
Residents of Africa have rich reserves of minerals, precious metals. Which in their volumes can not be compared with Yakutia. Their main problem, and maybe dignity, is good for them. Fresh vegetables and fruits all year round, fishing and hunting. If the people were interested in production, they would flourish.

I agree.

With proper teaching on agriculture, Africans could cultivate their vast land and plant fruits, vegetables, and they could also build barns to start livestock. It is the easiest way and old way so they will not need a diploma on this one to make it works, all they need is funds, and of course the support of their Government to make this thing happen.

Iglesia Ni Cristo, a religious group (Church of Christ) make the first move to help Africa, and teaching them, supporting them on eco-farming for them to have a job to sustain their family and self needs.

Article here: https://incmedia.org/families-in-malawi-and-kenya-benefit-from-50000-free-food-parcels-from-the-iglesia-ni-cristo/
347  Economy / Economics / Re: INFLATION IN THE UNDERDEVELOPED COUNTRIES on: November 01, 2019, 12:59:57 PM
Would things turn around for good  if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?

How would they earn profits to boost up their economy if they are not going to sell their natural resources on other countries that have good economy? They have to even if they don't want to, their pride won't feed themselves to fight poverty, therefore they have to do everything in their power to take a step away from poverty and having a poor economy. They can replenish their natural resources by using it properly and not abusing it buy they can't replenish their own economy with just their own, I mean there have to be a cycle for that.

Importing and Exporting goods to other rich countries is a good way to solve their issues, other countries being aware of their products and tourism could increase the job employments and dollars to their economy (USD).
348  Economy / Economics / Re: Crypto Scams are a global issue on: November 01, 2019, 08:34:42 AM
Well, this issue will end soon? Not so sure. as long as their people still using crypto there are corrupt or greedy people because it is money. you know money will bring you to evilness like fiat currency. market is gaining billions and do you think do the jealousy just look like a dream come true? No, because that would make them a way to get money from others just to get rich. as long as money is involved anywhere bad activities will not end.

Scams are not just in cryptocurrency, we don't have to put all the blame on cryptocurrency, greed is human nature, and it is happening every where, in food, in love, in jobs, in gaining positions, and so may other things and most of them are not important at all. People want to have all the things he ought need, but it is just infatuations because it is basically what he "wants".

Scam will continue to exist as long as humanity exist, we are becoming more animals and animals are becoming more human these days.
349  Economy / Economics / Re: Differences between an investor and common man! on: November 01, 2019, 07:43:29 AM
An investor, thinks well of how he can do passive income, he's not only depending on his fix income, but he's not wasting his time having a passive income, while a common man, most of the time, only thinks of how he will get a job, and don't care much on having a passive income.

Let's make things simple.

Investor = Entrepreneur
Common man = Employee

Investors invest their money (obviously) on something, for example is business, because their mindset says that they could much money with creating their own business to have passive income, which is entirely true.

Common man, yes, this is the typical person living with his mindset "this is enough" as long as he is earning money supporting his daily needs and don't have any particular goal in which he could make his life more better than his common life.
350  Economy / Economics / Re: What makes a Fiat worthless? on: November 01, 2019, 07:04:36 AM
conditions that make us worthless I feel the influence of inflation from fiat money, printing money with a very large amount can make fiat become worthless like that.

Due to monetary policy that the Government have, they are freely to print and devalue fiat easily, even though we want to takeover and take care of this thing, we can't messed up with the Government in this kind of matter cause you know guys what will happen, we could end up in bars. Inflation is a disaster of fiat currency since the very first time, when things got their value and people started to trades commercial products.

Technically, fiat is not that useless, it is that the Government makes it looks and really useless because of their power creating more of it, Governments are worthless, in my jurisdiction.
351  Economy / Economics / Re: Africa - Hidden Treasure for the world and bitcoin on: October 31, 2019, 07:07:06 PM
When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.



Their Government could start it with fiat, their Government is too weak on my opinion to put a resolve on their general problem, resulting to their citizens to move on their own. Those who have the power to mine their minerals are abusing it, making it illegal to make more money, the exploitation of their minerals is the problem, being in a poor country makes you selfish.

More than 50% of their population is only making below $1 per day, imagine how ironic is that. The majority don't have the power, and those who have the power are not using it to benefit the majority instead they use it to benefit only themselves.
352  Economy / Gambling discussion / Re: Donating the Gambling profits on: October 31, 2019, 06:14:11 PM
This thought will never even pop up out of nowhere in the minds of those who are winning big in gambling, because of their enormous amount of losses, all they think when they win is to save that profits and celebrate for a while then return to gambling again to test their luck if they could make the possibility of winning big again. Bless to those who are donating it without hesitations in mind even though they don't have that much.
353  Economy / Economics / Re: So much for cashless society: cash is gaining in popularity on: October 31, 2019, 05:22:12 PM
Quote
If people need less cash to pay for stuff, why do they want to hold so much of it? The answer, it seems, is that they’re turning to currency as a store of value.

Cash as a store of value?  I suppose if you were to hold it for less than a year it wouldn't lose *that* much value, but inflation will still work its black magic and eat away at that cash's purchasing power.  That doesn't sound like a great store of value to me

That depends on your purpose

Cash is good for making emergency expenses, so if you keep a certain percentage of your wealth in a stable currency as cash for a "rainy day" (say, in the US dollars), it can be a worthy store of value after all, even despite a small loss of purchasing power over years. In other words, you can easily make up for that loss of purchasing power by adding something to that stash of cash as your wealth grows in years and value

When emergency comes, "savings" will take action for that, but, holding a currency (the local ones) in a country where there is hyperinflation, then there is no point of doing such thing, therefore I agree that saving it on US dollars will save you from that consequence.
354  Economy / Gambling discussion / Re: The secret of gambling? on: October 31, 2019, 04:34:38 PM
~
My friends and I sometimes go to play the slots and I noticed one peculiarity. Most often, those who do not care about winning win. Luck loves those who come not to earn money, but to have a good time. I've noticed it many times.

Putting superstitions aside (luck has no personality, and thus it can't favor one part of gamblers for another), I would say that those who play to have a good time are already the winners, regardless of the outcome of the game moneywise. If you decide to spend(read "lose") a certain amount on having fun with gambling, you will either get you want(good time costing you that amount), or you will win some money. There's simply no other scenario, unless you go over your limits.
It's just like paying an entrance fee to a cinema to entertain yourself

I don't think it makes a correct analogy

Well, let's call it an incomplete analogy. And to make it complete, let's assume that you are not buying a simple ticket in order to watch a movie but rather a lottery ticket which allows you an entrance to the cinema. You may like the movie or you may in fact dislike it, but it doesn't really matter if your priority or hope is to win the lottery. So if this is the case, you are likely to start chasing your "losses" (unless you win, obviously). Pretty much similar to gambling

I agree.

And what they have said above will be the trailer of that movie (gambling), it will excite gamblers and they will start to apply it when they are going to gamble. I assume that they will be all disappointed on their actions, trying too hard (in the wrong way) will just cause further losses and they will end up begging for money in the street to pay the entrance on their grave (playing gambling).
355  Economy / Economics / Re: What are the odds that the government/banks will truly create their own coin? on: October 31, 2019, 03:48:04 PM
I think it is really simple. As technology increases the government needs to keep up. You cannot expect to still be issuing out fiat when everyone else is doing it digitally. It will be very interesting to see how this is all dealt with and how things develope as time passes. It has been 10 years already and so much has changed. The future is very exciting for us

Yes, they need to keep up

What advantages and benefits will creating another currency in addition to an already existing one provide to a government? And please note that modern fiat is already digital for the most part anyway (the fact which I mentioned straight away), and it's been that way for a few decades already

To add another problem on their sleeves, maybe?

Governments are insecure on everything that surpass them, and one of those are cryptocurrency (Bitcoin, to be specific), and creating a coin of their own doesn't change the truth that they can't make one (like bitcoin), the result will be the same, they could only make Altcoins, that can't go to bitcoin's level of complexity to become invincible. They just don't know when to give up.
356  Economy / Gambling discussion / Re: Gambling as a profession: there's people who live out of gambling? on: October 31, 2019, 03:08:03 PM
Learn a decent profession, make good money with it, and gamble at your leisure, when it suits you, and maybe, even knowing little about a game, you will win big one day, because luck is the main factor in gambling, not your knowledge.
Well, I think not all forms of gamblings are based on luck. There are few gambling sites based on skills or let say 50-50 percentage luck and skills. I think poker, I won't consider this that only based on luck. Yes, gambling is a kind of profession there are gamblers who are the habit is always to gamble even they had a family to feed but still, they can provide. I don't know if this kind of profession will long last or it will make your life become miserable.

I play poker a lot, and I know that this game is not entirely based on luck. But I also watch a lot of poker related videos on YouTube, and from those videos I've learned that even the professional poker players, who are considered the best in the world, lose pretty frequently because of bad luck. That's why I wouldn't recommend this occupation as a profession to anyone, luck is too much of a factor in it

I could even expand your thought further

The sheer amount of luck involved in this activity (or any other such activity) that no amount of skill or expertise can offset or balance out reveals the insightful truth about choosing one's life occupation (let's call it one's true calling). In simple and mundane terms, you should pursue only those career paths that ring true to your inner self, and resonate well with your natural propensities and inclinations. If this happens to be poker, then go for it

The issue of the majority is despite of their gap in losses with their idols, they tend to continue the fight risking it all even though they are completely aware of the situation that they don't stand a chance against gambling. Their mindset is a boulder of their own who destroys the, their mind is so tough to be penetrated by words of discouragement (in a good way) for them to realized how bad they are in gambling.

It's good to have visions to your goals (to have plenty of money) or being successful, but, diving too much into the mud will make you suffocate and could kill you, so dive into your own water always for clearer vision to what you wanted.
357  Economy / Gambling discussion / Re: What's worse: cigar addiction or gambling addiction on: October 31, 2019, 12:25:58 PM
Both has risk:

Cigar= Health
Gambling = Addiction/ Mess up ones life

Benefits:

Cigar= I don't see any benefits
Gambling = Entertainment/possible for you to earn money


Both is addictive and if I do have to choose then i'd rather gamble,yes
its way more faster on losing money than cigar but at least I'm not compromising my health.
As we all know that health is wealth.

You don't only risk your health on cigarettes, also your money, although it is both addictions. Addictions is like passions in life, we have our own addictions, you could say that there is no benefits in smoking because you like playing gambling, and other people could say the exact opposite of what you have said. We've been stuck between "living the life to the fullest" and "hesitating" what we have to do in life.

Both smoking and gambling addictions are the worst for me, since I do not have any bad habits.
358  Economy / Gambling discussion / Re: Gambling Money is Dirty Money on: October 31, 2019, 11:46:04 AM
Gambling money is not dirty money, simply because you work hard for it! Just think of trading, when you are going to win in trading there is someone that is going to lose, is it dirty money? no! Gambling is just like trading but there's no analysis just pure 100% luck. Gambling money is something that you win by risk, it's just gonna be dirty money if you win it dirty for example you cheat on the game, that is what you call dirty money, but as long you are playing fair it will never be considered as dirty money.

Winning in gambling is hard without a doubt, but we cannot deny that fact that it is illegal, there are laws that's made by the Government, and just to inform you, those online casinos doesn't have any legal permit which is a requirement to legalize it as a business, like an actual casinos, but even though they have permits, the majority's mindset about the money we earn in gambling is dirty, therefore it is dirty.

It is their opinion, this is your opinion, and my opinion also, we believe what we want to believe, and I respect yours.
359  Economy / Trading Discussion / Re: 3 things should not be too in trading on: October 30, 2019, 06:05:06 PM
The 3 things you shouldn't do in trading in my own opinion are

1. Don't trade if you don't know what you are into - Be informative on the latest happenings in the market especially if you aiming to buy some alts there a good research is needed so that you will not fall on dead or been trapped on dumped coins.

2. Never listen to the fuds sometimes there are sick people who spread fud news just to create panic to the newbie traders and if you been caught by them for sure you will miss the gold(profit) times or worse you lose your money.

3. Hand your money to the people who said they will trade for you and you will earned a percentage daily since a huge possibilities that they are 100% scam.

Exactly, this is what most common people does is that they are believing in any kinds of FUD, once someone said, 'this project is scam' or once the project's coins or tokens dropping its price a bit, the panic with it easily and will ask for a lot of questions, why the price is dropping, they didn't realize that it is just a way for other people to make them buy more at cheap price.

To many something like that especially if you are reading the chat box of certain exchange(some exchange having this option) and also in telegram groups and other social networks. But for me I don't listen on those since I'm on my god feel and visiting the official channels of the coins if I wish to hold them for more little longer.

Chatbox is home of trolls, I never use that in Trading, unless I'm on the mood to troll someone too (lol) or when I am having my pastime. Group signals is helpful when you know how to nurture it, how to derive the equations that's been given by professionals, and if you basically doesn't do anything as a Trader, you know, you are being a baby that is always being spoonfeed by others, then don't expect something great.


360  Economy / Economics / Re: Bitcoin freelancing is dead? on: October 30, 2019, 04:55:53 PM
~
There were a lot of ICO's that plans to create one but they all failed miserably in the market, people are still hoping, Bitcoin could be a life saver for those who want to work from home doing a task.

Lols, I think I have seen tens of ICOs that were claiming they will solve the problem of freelancers and they will get you better payments better ....everything. But if you use common sense and realize that no matter what technology you have at hand if you don't have water you can't grow fish, it was clear from the start that all those projects depend on people that are offering those jobs
And if there is no offer, you can't create them from this air...


I hate to admit it but you are right, ICOs are politicians that's better at making promises but never fulfilling it, they do all the talking but they lack in actions, they are just after our money and support, after that, they will throw our efforts and trust on trash cans like nothing. ICOs are the human, we are the fish, and they put us on a very nice aquarium and feed us (false hope) and when after we made them happy (by making their ICO a success)

they will break that aquarium leaving the all fish dies that can't breathe without water.
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