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381  Economy / Trading Discussion / Re: How long to learn trading? on: October 16, 2023, 07:19:51 AM
just like if we use the same trading system and technique, but the results will not be the same, this is a different human psychological factor, what is clear is that each person has their own goals and can carry out their targets according to the portfolio that has been planned, so in the end there will be achieve the same goal. Therefore, real training by doing real trading is highly recommended before we start trading for a living

Of course, if you constantly use the same strategy but don't obtain positive results it is necessary to determine that there is an error in the use of this strategy and the reason for this error. Generally, it is an indisputable fact that the most important reason in such a situation is human psychology. At this point, the person needs to make a correct analysis, gain new experience through their current strategy and accordingly solve the problem. Ensuring the continuity of trading is achieved by constantly gaining experience from the mistakes made and in order for a person to continue their life as a trader they must constantly update their experiences by identifying their mistakes. In addition, in order for a person to continue their life by trading it is very important that they has a lot of experience, earns regular income in this way and has accumulated enough savings to continue his life in possible bad market conditions.
382  Economy / Trading Discussion / Re: How long to learn trading? on: October 13, 2023, 10:09:58 PM
Trading is not a course to be honest. Yes you can learn the basics of trading or how to read the market etc. But if you ask how to trade? Then it can be learnt by experience only. I will suggest you a basic roadmap. Learn the initial pre requisite for trading. Learn about analysing charts and patterns of coins. When you are done with this, then go for demo trading with dummy money. Once you are confident with this, then switch for real money and trade with minimising the risk.

Certainly, trading is not an education. Training alone is insufficient to be able to trade and one must always improve himself/herself with experience. Learning how to trade and then improving oneself by gaining experience is the most basic step in becoming a successful trader. It is especially important for people who are new to trading to complete their training on trading in general and learn to trade with a demo balance or a very low amount of real money. In this way, after the knowledge gained through education is gained through experience the person will reach the potential to trade successfully. It will become clear during this trial period whether the person can determine that he/she has started trading with his entire balance or high amount of real money.
383  Economy / Economics / Re: Europe unemployment rate hits record low, employment record up on: October 13, 2023, 05:27:26 PM
If i am not wrong then freelancing and online making also comes in the category of employment. And the stats you used to compare the number of people increased are old and from then freelancing is on top of every other job people prefer to do online job instead of offline one. Freelancing had provided a hell lot of benefits to European that's why they prefer to chose it. For example, earning in dollars or BTC and they are their own boss.

If this information is correct and freelance&online marketing are also included in employement rate, isn't this actually a bit of manipulation with statistics? As a result, people who provide such services don't have an income or work flow that we can classify regularly and therefore it isn't correct to include these people in the classification of "employed" individuals. Of course, this is my opinion but when we think logically it should be like this. Yes, by doing business on the internet or marketing a product/service a person becomes his/her own boss and creates a business cycle but unfortunately it wouldn't be correct to consider this as a permanent workforce.
384  Economy / Economics / Re: The whales stirred. What should we expect? on: October 13, 2023, 02:17:43 PM
No movement has been observed for a long time and unfortunately the cryptocurrency wallets belonging to the revived whales have started to create fear in the markets. Although the activities of these wallets cause the market to be pessimistic. It is necessary to closely monitor whether the funds that are transferred are sold or not.

Yes, in a possible scenario these wallet owners may have lost their trust in blockchain and cryptocurrencies and may have made these transfers to make sales. This is a situation that will negatively affect the cryptocurrency markets and will reveal the liquidity problem.

In another scenario, as Bitcoin's halving process is approaching these wallet owners may have mobilized their funds and aimed to make money by buying and selling during possible price fluctuations. Although this will put pressure on prices in the short term. It will be a scenario that we can consider as positive in terms of volume in the market.

Another scenario could be to create a panic in the market by scaring small investors and collect cryptocurrencies at current price levels before Bitcoin's halving process. This scenario is just an event that will cause losses to small investors and is a frequently used method to shake-off small investors.

Another scenario is that these people may aim to create a serious buying-selling walls at current price levels and make money by buying and selling between certain support and resistance levels. This situation will not have a positive impact on the cryptocurrency markets especially in the short term because if such a scenario occurs the price will be stuck within a certain range.

In summary, it would be correct to comment by following the transactions made after these transfers in addition to the money transfers of the cryptocurrency wallets of the whales which have not been observed for a long time and have been revived nowadays. Analyzes made without any observation will only consist of manipulation and creating fear in the market.
385  Economy / Gambling discussion / Re: Ever heard about financing a gambler? on: October 13, 2023, 11:31:56 AM
It is a fact that many friendships end because of debt. As much as possible, I never give loans to friends because I don't know how to collect them later, especially if he is a gambler who will definitely never become rich and pay off debts, therefore I prefer I like to gamble alone in a special room for gambling so that no one knows I gamble except my wife.

I once received a short message from my friend that he wanted to borrow money because he lost a lot of money so he didn't have any more money to pay his house bills, whereas I know that he will definitely use the money to gamble again to recover his losses, don't try to feel bad for him. friend, because it's for his own good too, so that he doesn't depend on anyone and be in debt to anyone to gamble. Moreover, it is not recommended to gamble by going into debt, you should use unused money from work or business income.

I have definitely seen people both in my own circle of friends and in the circle of friends of many people around me whose friendships ended because one side borrowed money and didn't pay the debt. This is actually a very bad situation because cutting off the friendship especially when the side who borrows money and doesn't pay back. Actually this shows that the person is forming a friendship for money or isn't a real friend. I generally don't lend money to my friends who I think will not repay their debts because especially my friends who are addicted to gambling use the money they borrowed to regain the money they lost before just as you mentioned. Naturally, when they loses the money they borrowed, they cannot repay it in any way and our friendship is negatively affected by this situation. If I had to give information about my gambling habit I tell the people around me that I trust just like you do that I gamble and since I only play for fun I lose an amount of money that does not upset me.

Certainly, if a gambler friend of mine loses all his money gambling and says he/she wants to borrow money from me for other expenses I generally take care not to feel sorry for him/her because he/she is in such a difficult situation not because he/she is in a bad financial situation but because he/she lost money in gambling. It is not necessary to borrow money to gamble in any way and even gambling shouldn't be done with the savings that may be needed.
386  Economy / Gambling discussion / Re: Ever heard about financing a gambler? on: October 13, 2023, 09:00:21 AM
Moreover, we know that gambling cannot always make money and what happens is that we will only damage our friendship with him. We shouldn't lend him money for gambling and our relationship with friends to become bad and uncomfortable again. They also shouldn't be able to force us to give them a loan because the money is for gambling, where the outcome will be uncertain whether they can win or lose. But if the loan money is used for business, he may still get the loan.

Some people will borrow money but don't have any collateral and this often happens with our friends and they never want to pay if we collect their debt. We may have experienced this often and if he borrows again, we don't need to lend because the debt could become even bigger.

Yes, the reason why I never lend money to someone who asks for a loan for gambling is because there is never a guaranteed profit in gambling. Especially giving this debt to a close friend and then not being able to repay it if this person loses the money definitely harms the friendship. I also think it is important to give advice about this especially if a friend who is addicted to gambling makes such an offer. As I mentioned, I don't think that there will be a serious problem if a loan is given against with collateral but in case the debt is not paid it will be necessary to liquidate the collateral and this situation will also have the possibility of negatively affecting the friendship. So, I think that if the situation in question is a friendship, it doesn't matter for what purpose the loan is taken or given.

In general, we see that people who don't have the opportunity to provide collateral for the loan, they request cannot get a loan from banks and similar financial institutions. This is the reason why they are asking for a loan from us. However, in such a situation I think that whenever possible, we should avoid lending or borrowing money from our close friends especially in order not to make debt collection difficult, not to increase the debt amount and not to negatively affect the friendship relationship.
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388  Local / Türkçe (Turkish) / Re: Türkiye'den hiç bir başarılı Coin projesi çıkmadı. Nasıl Değiştirebiliriz? on: October 12, 2023, 09:37:21 PM
Maalesef bunu değiştirmek çok zor bir süreç çünkü genel olarak ülkemize ait birçok kripto projesinin dolandırıcılık ile sonuçlandığını görebiliriz. Bu sebeple, biz Türkler de dahil olmak üzere birçok yatırımcı herhangi bir projenin Türk topluluğu tarafından geliştirildiğini öğrendiği zaman genel olarak bir değil birkaç adım geriye çekilmekte ve bu sebeple Türk ekipleri tarafından geliştirilen projeler her ne kadar çok iyi bir değerlenme potansiyeline sahip olsa da maalesef hak ettiği değeri bulamamaktadır. Bu zor şartlar altında bir Türk topluluğu tarafından başarılı bir kripto para projesinin ortaya konması ve sonrasında başarılı olması ile yatırımcılarda oluşan bu önyargı elbette kırılabilir fakat bu bir proje ile de pek mümkün değildir. Tabii ki, yatırımcıların Türk projelerine güvenmemesi sebebi ile yüksek başarı potansiyeline sahip Türk projelerinin gerekli fonu elde edememesi ile birçok proje hayata geçemediği için hak ettiği başarıya da ulaşamamakta ve aslında Türklerin de çok iyi işler başarabileceğini yabancı yatırımcılara gösterememekteyiz.
389  Economy / Gambling discussion / Re: Has anyone encountered any dog race betting here? on: October 12, 2023, 05:27:15 PM
Gambling is something that takes place through all kinds of sports and activities and therefore bets on horse racing, dog racing, election results and similar activities are always taking place. Dog racing has been a type of betting provided by many gambling companies for quite some time. In addition, in today's conditions where there are many virtual betting games and bets on virtual dog races, virtual horse races and virtual sports competitions are also available.

As someone who has bet on virtual dog racing and virtual horse racing before, I was not surprised by this, since I knew that betting options such as horse racing or dog racing were also provided by gambling companies. Unfortunately, in today's conditions there are so many gambling options that it has become possible to discover a variety of betting games and gamble on them.
390  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: October 12, 2023, 02:55:58 PM
There is a saying that ''money reveals a person's real face'' and I always defend that this saying is true. If a person earns high amounts of money in any way not just through winnings from gambling, we learn what kind of personality that person actually has. If a person's character has a tendency to change with money this person reveals his/her real personality when he/she earns a large amount of money in any way. Since the person mentioned by OP has a personality as I mentioned we can see that he starts to reflect his real personality after he earns high amounts of money from gambling. This is actually an opportunity for us to get to know such people around us correctly because the friendship of such a person is not actually a real friendship.

A friend of mine's staff at work also experienced such an incident. He earned a very high amount of money through the lottery and then immediately quit from his job, bought himself a luxury house, a luxury car and divorced his wife. Similarly, another person I know who won a large amount of money through the lottery continued his life as it was. So, this is all a matter of character.
391  Local / Alternatif Kripto-Paralar / Re: AVAX ağında yeni bir meme doğuyor olabilir. SUBNETS on: October 12, 2023, 01:02:43 PM
Bu konunun ilk açıldığı günlerde çok düşük tutarlı olsa da bir miktar almayı düşündüğümü ve olası birkaç kat değerlenmesi durumunda güzel bir cep harçlığı çıkabileceğini belirtmiştim. Sonrasında sürekli olarak alım işlemini ertelediğim için bir türlü alım yapamadım ve bugün meraktan fiyatı kontrol ettiğim zaman iyi ki alım yapmamışım dedim. Her ne kadar maksimum 20-30 USD tutarında alım yapma planım olmuş olsa da bir iki öğün iyi bir restorantta yemek yiyebileceğim parayı hiç etmediğim için sevindim açıkçası. Bu noktadan yine öylesine bir alım yapsam mı diye düşünmüyor değilim fakat büyük ihtimalle yine herhangi bir alım yapmayacak ve birkaç gün sonra bu şekilde bir yorum yapacağım. Tabii ki, kim bilir belki de bahsettiğim o yorum bir pişmanlık yorumu olacaktır. Her neyse, üşenmez ve alım yaparsam yine burada anı olması ve takip edebilmemiz için gerekli bilgilendirmeyi sağarım.
392  Local / Türkçe (Turkish) / Re: Boğaya doğru durumlar nasıl? on: October 12, 2023, 11:11:15 AM
Bir miktar yatırım yaptım birazda ETH almayı planlıyorum. İlerleyen süreçte ise bütçe doğrultusunda ufak miktarlarda @ Lachrymose’un önerdiklerinden almayı planlıyorum yani yok sayabileceğim bir miktar ile düşünüyorum bir tanesi bile iş yapsa ana parayı kurtarır. Risk almadan bir şey olmuyor bu sebeple boğa öncesi bir şeyler yapmak lazım yoksa bir sonrakine böyle fırsatımız olmayabilir.

Ethereum hiç kuşkusuz bir sonraki boğa döneminde yatırımcılarını memnun edecek bir seçenek olacaktır çünkü son dönemlerde sık sık alım fırsatları veriyor ve piyasanın boğa sürecine girmesi sonrasında gelecek haberler ile de kafayı yukarıya doğru muhakkak çevirecektir. Bir diğer yandan bu süreç içerisinde birkaç başarılı projenin kripto para birimleri de muhakkak bu sezon içerisinde değer kazanacağı için belirttiğiniz şekilde birkaç tane kripto para tercih ederek yatırım sepetinizi çeşitlendirmek de potansiyel kazanç ihtimallerini maksimum düzeye ulaştıracaktır. Henüz boğa döneminin başlamamış olması sebebi ile potansiyel alım fırsatlarını ihtiyaç fazlası sermayemiz ile değerlendirmek muhakkak olası bir boğa sezonunun başlaması sonrasında iyi bir geri dönüş almamıza yardımcı olacaktır.
393  Economy / Gambling discussion / Re: Relying on gamble wins is dangerous to mental health on: October 11, 2023, 09:33:51 PM
Gambling is an activity that always controls one's emotions and generally causes one to lose all his/her money including winnings. Generally, someone who earns money from gambling continues to gamble by relying on his/her luck and loses their principal including winnings in gambling. This is due to the person's inability to control their emotions and greed which subsequently causes them to feel psychologically bad and become ill. For this reason, in case of winning money in gambling the person must be able to control their emotions and not continue gambling by relying on their luck in order to avoid consequences that will negatively affect them.

Moreover, in such a situation both the person's health and psychology will be badly affected. For this reason, it is very important for the person to learn to control themselves and their emotions, and not to continue gambling greedily in order not to feel worse after this event and not to continue to feel bad constantly due to this situation.
394  Economy / Gambling discussion / Re: Ever heard about financing a gambler? on: October 11, 2023, 05:41:47 PM
If a friend of mine came to me and asked me to fund him playing gambling, I would refuse because everyone knows that gambling is not a job and there is a losing factor that will be faced by people who want to try to win. They will have difficulty winning and if they borrow money from others, they will also have difficulty paying it back. I have never heard that gambling can be financed but it is possible especially if there is collateral that can be used as something that can be taken if the borrower suffers a total loss.

If someone tells you about this, you can advise them not to lend them money. Playing gambling can cause a lot of losses and even though they can win, they won't know when they can win. But defeat is definitely behind it all so they will most likely lose. And for someone who wants to lend a friend it's better to immediately refuse so that they both don't experience problems later.

Yes, since there is never a guarantee of winning in gambling and there are many risks such as not getting a money back if he/she gambled with borrowed money, the person who asks such a question should definitely not be given a loan.

Regarding lending against collateral I think this decision should be made depending on the collateral. In addition, if a collateral that can be easily liquidated is provided and this collateral has a value above the loan amount lending will be a logical option regardless of the purpose. The reason for this is that it is possible to easily get the loan amount or even more with collateral and the collateral secures the given debt. In other words, it will not actually be important for the lender for what purpose the loan will be given against a good collateral.
395  Economy / Economics / Re: What would you do in this situation? Invest or save? on: October 11, 2023, 12:57:34 PM
While both of your proposals make good sense and are actually good ideas, I'd go for the second one in this context. Starting a business by accumulating debt to make up for the missing amount needed to launch the business is never a good idea, specially since we are talking about a start up business wherein the earnings and growth potential is still unknown. Now you may argue that we can predict it based on research and asssessment but that will be another risk that will be on top of accumulating debt. Instead of having to rely on debt for the missing amount, why not find someone that will be willing to invest on the target business? With this option we wouldn't have to owe someone anything to launch the business but instead have an investor.

While of course this is just my opinion, I'd love to hear your take on this.

Of course, establishing a new enterprise or a new business is never guaranteed to make a profit and for this reason the realization of this business or enterprise with debt carries risks. However, the thing I want to point out here is that if this new business model has a high customer potential and a high probability of making profits this option can also be a good option. Risk is always present for a business or a new enterprise and in some cases it can dominate even for a business model where we analyze the return guarantee causing the result to be disappointing.

In addition to the suggestion of completing the missing amount with debt, if there is a different investment option for the planned enterprise or business model and this option provides a good earning potential, of course it can be aimed to complete this amount by making a profit by investing instead of borrowing.

I would like to give an example for the scenario of completing the missing amount by borrowing. For example, let's assume that as a result of detailed research we come to the conclusion that a new business model will definitely generate profits. Of course, there is always a risk that this analysis will be wrong but let's assume that there is an almost negligible chance that this business will fail. I think that when there is such a possibility a risk can be taken and this initiative or business can be put into operation immediately by completing the missing amount with debt.
396  Economy / Economics / Re: Bitcoin Is Better Than Digital Gold on: October 11, 2023, 09:16:32 AM
Apparently I see no reason for comparison as they’re both good store of value and most times if they are possibilities of you owning them both, then I would advice that you go for it rather than wanting to compare them.
Bitcoin is still very new as compared to gos who has been in the market for a very long time and despite bitcoin infancy, it still has good future but very volatile while gold be it digital or physical gold isn’t that volatile and if I’m asked to choose between them both, then I might get to choose gold if maybe I have huge funds and scared of volatility but since I already know the risk associated with bitcoin, and if I could afford one bitcoin, I would simply dump the money in bitcoin
What I’m trying to say in essence is that, bitcoin is the future especially if you understand the risk.

Unfortunately, I don't agree with the idea that it is necessary to have both financial assets in order to make a comparison because if an investment is to be made by choosing only one of them, both of them should be compared before making this investment. Although Bitcoin is a newer financial instrument compared to gold, it has a much more manipulative structure which is actually an advantage for investors who want to achieve high returns in the risk/reward ratio. Gold, on the other hand, is a financial instrument that has been present in our lives and financial markets for a very long time and has a much lower probability of being manipulated.

So, in short, Bitcoin is preferred by investors who don't have very high amount of capital and have a high risk/reward threshold while gold is an ideal financial instrument for investors with high capital but low risk/reward threshold who want to obtain a more guaranteed profit. Gold is known as the "safe haven" in financial markets, and Bitcoin is the most reliable and directional of cryptocurrencies. For this reason, many people compare Bitcoin to "Digital Gold".
397  Economy / Gambling discussion / Re: Ever heard about financing a gambler? on: October 11, 2023, 06:11:44 AM
Quote
How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

To be frank, I wouldn't feel very confident in someone making an offer like this because there is never a guaranteed win in gambling. Additionally, not knowing this person's gambling habits very well will pose a risk of not knowing how the person will follow a strategy with the funds provided. For this reason, if I receive such an offer unfortunately I will not be able to trust the person and I will definitely not accept the offer.

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Because the only place this makes a bit sense is the skills base niche like forex trading or crypto trading, how can gambling/gambler be financed?

In financial markets, we actually do this indirectly because many exchanges allow us to copy the transactions of successful traders. Although the two situations compared seem to be similar there are actually differences. It is also a great advantage to be able to see the success statistics of the last few months of the people whose transactions we have copied especially in the financial markets and to know how many people are following these people.

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Have you heard of such before? What is the end result if you have?

Yes, I have used the transaction copy feature in stock exchanges before and made a profit, albeit very low. However, I haven't used this feature for a long time because I don't think it's possible to make much money by using it for a long time.

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Why would you trust anyone to gamble better than you can when it's all about luck?

No, I definitely don't trust someone else and that person's luck in gambling and I would definitely not lend my money to him/her to gamble.

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Is anyone doing this on here?

No, as I stated in the answer to the previous question I don't and will not use this method in such a situation because I don't trust anyone. (I'm stating it for gambling)

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Someone explained this to me, and I believe he is already a victim because to me it doesn't make sense, I believe he is been used because he lacks knowledge about gambling, do you think my judgment is wrong?

Your judgment is correct I think the person was defrauded because he didn't have enough knowledge about this situation. Certainly, when it comes to gambling no one should believe promises of guaranteed profits and shouldn't entrust their money to people who make such promises.
398  Economy / Trading Discussion / Re: Trading on your own vs social trading and copy trading on: October 10, 2023, 11:04:58 PM

What options does one have to view trading ideas/signals from other professional traders?


In financial markets each individual is responsible for their own investments and managing their own budget in the most accurate way. In order for a person to earn regular income it is very important that they always improves theirself adapts to changing markets and takes his analysis skills one step further.

Investment recommendations, especially those made by social media influencers are recommendations that no one shouldn't take into consideration without doing one's own analysis because most of the time these people only show their successful trades and don't show the trades in which they were not successful. In addition, it is a fact that should be accepted that since such people make paid promotions any advice they make always carries a high risk.

On the other hand, copying the transactions of professional people is a good way to make money but regardless of the experience of these people it is also very important for the person to support this transaction by making their own analysis for each transaction and to have an idea about this transaction. In other words, carrying out the transactions of a professional trader by performing our own controls will definitely help these transactions to be carried out efficiently in the best possible way.
399  Economy / Economics / Re: It doesn't increase purchasing power on: October 10, 2023, 08:04:34 PM
Purchasing power is something that varies depending on the currency value of the country a person owns and unless the currency appreciates there is no increase in purchasing power. Reducing the circulating supply of any fiat currency is of course a factor that helps that currency appreciate but this process alone is not sustainable. Therefore, constantly reducing the amount of fiat currency in the market will not literally help increase purchasing power.

In addition, in order to increase purchasing power, cost-effective production must be realized because if production is limited the price of that product or service will increase as the supply will be low and there will be a decline in purchasing power due to the fixed salary of individuals. In addition, in case of low-cost production the product or service will reach individuals at a lower cost which will have a positive impact on purchasing power.

On the other hand, if there is an increase in the fiat currency in circulation that currency will lose value and as a result a decrease in the purchasing power of individuals will be observed. The fact that all fiat currencies have an unlimited supply also supports that this situation is always likely to occur.
400  Economy / Gambling discussion / Re: Not keeping records makes me a bad gambler? on: October 10, 2023, 02:00:25 PM
I have never kept a record of my gambling expenses and I never will. Not having this habit doesn't make a person a bad or addicted gambler. Of course, keeping track of gambling expenses by recording them will help calculate expenses more easily but this doesn't apply to individuals who gamble at certain time intervals.

Especially if such a thing were to be done, recording the current winnings and losses for each game would be a complete torture because creating an income-expense statement after each game is a difficult process and takes a long time. If a person wants to keep track of the amount he/she spent and won in gambling, the most logical option would be to keep records of the money spent and the money earned and transferred to his/her wallet. To get a more detailed record, the gain and loss amounts can be noted on a daily basis or only the daily balance change can be followed by tracking the daily balance.

In addition, although it is not a perfect calculation method, it is possible to track gains, losses and balance by following the statistics provided by the casino.
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