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361  Economy / Trading Discussion / Re: Is trading good for beginners? on: February 24, 2023, 09:32:59 AM
Can someone who has never learnt how to talk, walk or eat do any of this things. The answer is obviously no the same applies to trading. It is either one becomes a trader or a gambler in the market and there is nothing like little knowledge when it comes to trading. To succeed in trading it entails steady research and studying even when the foundation is solid.

The worst way to trade is to follow candle sticks blindly, maybe enter a buy order because the candle is green and moving up or sell order because the candle is moving down and it is red. There are mechanisms that controls this candle stick and every candle on all the time frame tell a story of a long and short term trend. It is better to learn the act of trading than try things out using imaginations and expectations.
362  Other / Beginners & Help / Re: What is the motto of bitcoin? on: February 24, 2023, 09:19:28 AM
Bitcoin: A Peer-to-Peer Electronic Cash System
I think it is the most stressed phrase in the Bitcoin white paper and it simply explain what Bitcoin is designed for and how it is been represented and exchanged between peers. Like you pointed out it can be a motto though not official but it is so explanatory even to someone who just sees those lines of phrase alone or hearing about Bitcoin for the first time.

 
363  Economy / Economics / Re: Did the Bitcoin Maimi conference 2022 contribute to Bitcoin price. on: February 24, 2023, 09:07:04 AM
That's VERY old news now. One of the biggest stories to come out of that was also the number of speakers who had quit it (many were speculating they were separating their reputation from Bitcoin after it had fallen).
Old news which can be seen as past events play vital role in price action. After the conference it is assumed price fell even further. I wonder why the said speakers had to quit, separating their reputation from Bitcoin after the price fell. In reality it made no difference because price had to exhaust it dip to start a new trend.

Hooke's law of elasticity which states that the strain of the material is proportional to the applied stress within the elastic limit of that material. Price had to move in the bear direction to be proportional to the hype factor from the conference and when it limit got exceeded it got a primary support that pushed price up in early 2023.

I don't think we need to see immediate result after big events in the crypto space but every single event especially major ones point to introducing new moves in future times.
364  Economy / Economics / Did the Bitcoin Maimi conference 2022 contribute to Bitcoin price. on: February 23, 2023, 11:18:55 PM
According to Maimi Herald 30,000 attendees and exhibitors were present at the Maimi beach to witness the 2022 conference which happened to be the largest single Bitcoin event in all times. The conference been hosted by Bitcoin Magazine and sponsored by Cash App sprung interest from all over the world. Bringing together developers, economic strategist, capitalist, Bitcoin builders, policy makers and policy makers.

Bitcoin's role as edge over inflation was one of the numerous things discussed and and according to
Quote
Morgan Creek Capital founder Mark Yusko, the problem isn’t inflation per se — it’s currency devaluation.
Pointing out it is scenerio of currency devaluation as 1BTC will always equal 1BTC using the policy of the federal reserve as reference. Stating the value of Bitcoin in dollar might become relevant over time as monetary policy continues to erode consumers’ and investors’ purchasing power.

This brought me to my worries if is is right to attribute the slight growth in price as a result of the 2022 conference and what to expect after that of 2023.
365  Other / Meta / Re: Welsh on: February 23, 2023, 10:47:56 PM
I understand the grumble and the frustration. Since @Welsh have made out time to send a personal message to OP explaining what exactly happened to the said post. It is left for OP to go through the message and send a reply where it might seem unclear or confusing. But in the main time the kind gesture of giving such time to explain is worth acknowledging because the thread from OP was just too raw. But as a newbie OP is, it is quite understandable added to the fact no much experience is gathered before now. Welcome @grumpygit but be good and follow the rules you will find the forum fun at as you learn along.
366  Economy / Gambling discussion / Re: UEFA Europa League 2022/23 Season on: February 23, 2023, 10:31:59 PM
Barcelona gave Manchester united a run off for the winning tonight as they managed to defeat Barcelona with a goal different making the match to end in a 2: 1 in favor of Manchester united we should at least give it up for Manchester united to have won the match.

Barca in the second half was a complete disappointment. There was no sign of good play like they did in the first half. Losing the game in which they are ahead isn't something that can be easily accepted. Only La Liga remained for Barcelona. They could have won this trophy though. It was a sad night for the Catalans. I don't think Manchester United can win this trophy. Today their luck was on their side. That's not always the case.
Indeed, this result was quite surprising for Blaugrana fans, especially since Barcelona could only score goals from the penalty spot and while Manchester United managed to score two goals with a unique scheme. I think Manchester United can have a chance to win the Europa League this season, but they still have a long way to go and I hope they stay consistent in the next round.
Barcelona played like complete average team in the second half. What a big disappointment to a point Barcelona could not take the ball to their opponents court of several occasions in the second half. Ten Hag has earned himself a golden badge for winning this match that seemed tough in the first half. Barcelona can now go back to Laliga and focus on the league title . I suppose there is every possibility United will make it through the next stage.
367  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2022/23 on: February 23, 2023, 07:56:48 PM
It's definitely not what everyone expected at the start of the season. Everyone assumed that Real Madrid would win, and I think this 8 point difference shows that sometimes things do not go the way you want them to go. I believe that we shouldn't be expecting them to get a win all the time, they still could, and won most of their games, but that doesn't mean that they will do that, it could end up meaning that they could have a bad season and just end up losing.

I believe that Athletico Madrid game will be very tough, could they win? Of course they can, they are Real Madrid, but that doesn't mean that it is going to be an easy win for them, they have been having hard time, so they may end up losing.
The fact they are Real Madrid doesn't make them unbeatable. Atletico Madrid as it stands are as motivated as Madrid in this meeting. Madrid might have the advantage of been the host it doesn't stop Atletico from trying to maintain the record of been undefeated. I expect a very tough game from this derby. If Madrid should win then it will have to cost them extra strategy.
368  Economy / Gambling discussion / Re: UEFA Europa League 2022/23 Season on: February 23, 2023, 07:40:13 PM
From the 4 ongoing matches, I think it's safe to think that Sevilla, Juventus, Sporting and Leverkusen will qualify for the next stage in the Europa League. The four teams above currently have an aggregate advantage in the second leg, but Monaco vs Leverkusen may not be certain.
Leverkusen vs Monaco is strongly indecisive. The two teams now share the same aggregate. Sevilla, Juventus and Sporting has made their transition to the quarter finals more realistic. Monaco might end up denying Leverkusen that qualification they need for the next round.

Quote
For the upcoming match, Manchester United vs Barcelona will be the most interesting to watch. While some people believe Barcelona to win, others expect Manchester United to win it. Roma looked to have convinced a lot of people even though they had lost the first leg, but at home Roma are the favourites.
Old Trafford will be hot tonight. Aggregate might not be in favour of united because they have only won 1 out of 11 games played against  Barcelona in all European competitions. In their last 5 games they lost 4 and drew their last match.  United need to be more aggressive in their attack today to secure a win. Ajax vs Union Berlin will be another strong display tonight because after the first leg both team have the same aggregate Berlin seems to be the favourite tonight. Roma might have to leave tonight because RB Salzburg will be out to defend their point
369  Other / Beginners & Help / Re: What is your profit taking strategy? on: February 22, 2023, 12:27:07 PM
It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early?

Just wondering what everyone else does when it comes to taking profits?
A very clever decision for Altcoin investment. We can never trust those shitcoin in which majority are pump and dump. It better to take profit at 2x pump because not withstanding Bitcoin is pumping many projects will still dump in the process even before the bear market sets in. So consistent profit taking in altcoin investment is the surest way to stay in profit else the breeze of ill-luck can just strike and everything goes down to zero
370  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: February 22, 2023, 12:06:20 PM
In Week 22 of the Bundesliga, we will be presented with a match that will really determine the position of the top 3 teams. Yes, this week we will see Baayern Munich host Union Berlin at the Allianz Arena. This match is very crucial for both teams because whoever wins from these two teams will get a huge advantage in the Bundesliga standings. In their last 5 meetings, Bayern Munich won 2 times and the other 3 ended in a draw. There is hope for Union Berlin to improve their record against Bayern Munich in this match.
The winner from the derby of bayern against berlin will be making the gaps for the club who loses in the match. Im sure that if berlin was trying to be more careful with bayern despite the fact that bayern was getting bad achievements in the last matches of bundesliga but bayern may come back stronger against berlin. Bayern is also having very good head to head against union berlin. I guess that if berlin shall go to the fully defensive strategy to make sure.

Bookies put bayern as the most favorite club in the upcoming match against berlin.



It can be seen how small bayern's odd. The performance from berlin is not so bad at all but i think that people gonna take safe bet rather than union berlin. berlin's odd is very big.



A draw will be favorable for Bayern since they are having more GD and Berlin will be forced to remain third on the table except Dortmund loses to Hoffenhelm. Bayern will be playing home and they are favorite according to bookies. Risking on Berlin as well to win is worth the risk because they game could go either way at the end of the day and the exciting odd for Berlin seems tempting.
371  Economy / Gambling discussion / Re: Why Do Gamblers Do This? on: February 22, 2023, 11:59:05 AM
I have the notion Gamblers believe they are in charge of their fun until things start going beyond control. There is always an amount one will lose and it will distablise a lot of things. Fun in gambling can be difficult to control in most cases except for those who have extreme self control and as such many fall victim and that is when they realise they need help.
372  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2022/23 on: February 22, 2023, 11:53:57 AM
Real Madrid have boosted their morale at a very high rate after the amazing victory over Liverpool last night. They will be fully concentrated on their Atletico Madrid match from now on. I think that Atletico Madrid wouldn't stand much chance against them in Santiago Bernabeu. It is true that they haven't been losing a league match for so many weeks. But they are still a little weak in big matches. Their previous match against Real Madrid wasn't one-sided actually but Real Madrid were still able to get the win they want.

Real Madrid should be even more comfortable with winning this one home. Betis had better win this week also as they have a chance to catch up with Atletico Madrid.
Don't think big clubs in the Laliga will make the silly mistakes Liverpool made against Madrid. No morale is boasted Madrid will stilt return to Laliga and continue with their inconsistency. There were only privileged to have a club who could not defend their 20' 2 goals lead only to end up playing worst than the did in the beginning of the match.

Madrid could find it easy with Atletico Madrid but for Betis and Espanyol it won't be as comfortable as it was with Liverpool in the Champions League. It was a sad day at Anfield  
373  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: February 22, 2023, 11:40:37 AM
It was a really unforgettable night in the Champions League history. After Liverpool captured a 2-0 advantage too early in the match I was very surprised. Because I wasn't expecting a comfortable match for them.

However things started to get very interesting later on. Real Madrid's comeback and bringing the score to even 5-2 was unbelievable. There were simple mistakes by both goalkeepers as well maybe but only two goals came by this way. The others were all worth watching to me. Liverpool were inconsistent maybe but I would have never expected such result in Anfield anyway. It looks like Liverpool won't be able to achieve anything this season.
The frustration began after the ended in half time draw. Liverpool made so many silly mistakes and they all ended in an unpleasant result for them. The fault was majorly from the keeper but the defenders also contributed. Since 2014/15 season Liverpool have not defeated Madrid in the CL in which Klopp was meant to capitalize to secure the first two goals lead but he ended up conceding 5 at the end of the day. The second leg will be too easy for Madrid to qualify for quarter finals
374  Other / Meta / Re: Can we have a true discussion without the sig tail wailing? on: February 19, 2023, 10:30:46 PM
If signature campaigns don't exist then it will be hard getting the whole community engaged and traffic on the site will as well reduce. Report to moderator button is open 24/7 to report suspected spamming, In as much as signature campaigns are gateways to unavoidable spam, it cannot be done without especially when the forum in question deals with an asset that has no physical representation.

375  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: February 19, 2023, 04:29:47 PM
Marcus Rashford now shares third highest goal scorers in the premier league with Ivan Toney of Brentford and in all of Rashford's goals he didn't score any through penalty. Rashford might possibly meet up with Harry kane in the second highest scorer position and eventually close up the gap for Haaland. He has become a strong scoring machine for Manchester United.

There is still every possibility Manchester United can finish the league third or higher because the gap between City and united is now 3 points away and that of united and Newcastle 8 points this is a very blissful week for united.
376  Bitcoin / Bitcoin Discussion / Re: More Awareness needed, 100$ or Bitcoin??? on: February 18, 2023, 04:19:18 PM
The video showed how naive those kids were with Bitcoin and it's price. All they were after was the cash that will be in their hand, maybe they are yet to know about Bitcoin has a digital currency. One even them when asked what Bitcoin is said it is a like a game or something which means many are still in the dark as regards the digital era. One might say not everything that is shown online is real that is true but some of them have a picture of what is happening in the society. So more awareness and sensitisation is needed to spread Bitcoin even amongst the younger ones.
377  Economy / Trading Discussion / Re: Trading and investing,and still very broke.why?Is it spiritual? on: February 18, 2023, 04:04:41 PM
Before attributing poor results to spiritual forces, It is ideal to find out what those investors and traders who fail in crypto business do wrongly. First of all are they patient enough, secondly are they knowledgable about how the market moves either technically or fundamentally. Most times we attribute bad things to spiritual force and neglect the physical things we aren't doing right.

One thing i know and have experienced myself is that there is no power that can stand on the way of a dedicated and determined soul. Except they keep doing the wrong thing and assume they are right or they are unteachable and refuse to learn the right way.
378  Other / Beginners & Help / Re: How do you manage risk in crypto currency on: February 18, 2023, 03:52:06 PM
Risk management first start with knowing how much an investor is willing to lose, how much profit is fine per investment and when to pull out of the market to avoid been stuck. When this is defined it will be easier to manage portfolios and profits that comes with it.

Once an investor is conscious of the fact investment is all about profit and loss. Even the bull market won't be overwhelming, not to the point of getting trapped in the market. But in real sense risk management differs per individual because we all can't investment with the same amount of capital and everyone has their portfolio preferences.
379  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: February 18, 2023, 03:41:57 PM
Cryptocurrencies is a very valuable investment, the Bitcoin marketcap is currently more than $ 470 billion, the potential increase is very large and today has gone up more than 10%, if we bought $ 1 million yesterday so today we can profit $ 100k, and this proves that Cryptocurrencies investment can be used as passive income.
There are many people who say they are financially free when in crypto and I am also one of them. It's been the last 3 years I've been making money through crypto investments and that's enough for my needs. I think it's just a matter of hard work, consistency and patience to achieve financial independence. Because now we have to be smart to use this technology to get income.
Saying you have been making money for three years in crypto investment without stating how you achieved this can be very deceptive. We all know the market had serious downtimes from November 2021 till the end of 2022 so it will be good enough to state how you were able to achieve your success this three years so that newbies won't just jump into investing and think the market is all rosy.



The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieveing goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.

Given these factors, the dream of financial freedom can come true by using crypto currency?
It will never hard to attain financial freedom as long as you work for it and you exert a lot of effort and determination to make it successful. No matter how risky investing in crypto, but the fact that you are prepared to take the risks and do everything that will make you successful in the future, then I think the risks involved are worth taking as long as you also set some limits and goals in the first place .
Crypto assets is all about taking the risk and it doesn't just end there, It also involves making the right investment choices, knowing what asset is what risking on and having enough patience to make profit. Crypto investment is based on emotional control and good analysis. Most times people can make losses in the bull market due to emotions and poor analysis. The success in crypto investment isn't as easy as it sounds it comes with so much research with dedication.
380  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: February 18, 2023, 03:23:03 PM
It was an amazing game! There was nothing less than pure '90+ of greatness on display. Villa refused to bow down, while Arsenal displayed exceptional performances. The performance today wasn't stellar though, it was just about getting 3 points. However, this win and a massive comeback are what they were looking for. It makes the title race more entertaining when there is a great game. In the Premier League table, Arsenal has once again moved back to the top and this trend must continue.
It was the 90+ comeback for me. I almost concluded the game was going to end in a draw but the made an exceptional display of performance in the late minutes of the match and stole the victory. Arsenal still has higher chances of winning the league title if the maintain the performance till the end of the season added to the one match they still have pending. They are now back to the top in the main time while we wait for Man City to decide what happens to the table position for the week.
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