People are trying to figure out the best way to invest in cryptocurrency because it can be very unpredictable. If you're an investor looking to reduce your risk, you might consider a strategy called dollar-cost averaging (DCA). However, using this strategy means you're less likely to make really big profits.
Dollar-cost averaging means putting the same amount of money into an investment over time. It's nice because it makes investors feel more comfortable. By spreading out your Bitcoin purchases over time, you're either buying when it's doing well, or you're getting it at a lower price compared to your first purchase, which is a good thing.
Some people prefer to invest a large lump sum all at once because you might end up with more Bitcoin quickly. But there's also a chance you'll end up with less. To decide between these two methods, you need to think about the risk involved.
If you want a bigger chance of making a lot of money, go for the lump sum. If you want to slowly accumulate Bitcoin with the least risk (even if it means having less Bitcoin in the end), then DCA is better. For most regular people who just want to accumulate Bitcoin, DCA is a good choice because it helps you get a decent amount of Bitcoin based on the money you have to invest.
What is your opinion?
And and which method do you prefer to be used in this present market conditions?
Isn't a bad? I think it's the best strategy when it comes to beginners trading in the market, They have very limited market knowledge so obviously the half hearted strategies are actually very flop, it's better to create parts of your total portfolio and then go for DCA, but yes DCA should only be done for either bitcoin or other major cryptocurrencies, don't do it for currencies other than top 5 or 10 because there's a good chance you are just riding a sinking ship when you are buying in again and again. also if you compare it with just buying on the spot then that's much better than that. |
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Pathirana and Theekshana do it again along with Shanaka this time around. What would Sri Lanka do without these two splendid bowlers. They won 13 freaking matches on the trot now which is impressive.
The winning streak of Sri Lanka is going to end either against India or against Pakistan. Bangladesh has lost the game for the failure of the top order. Apart from Towhid Hridoy and Mushfiqur Rahim, no batsmen have played an innings which can contribute to the win. Bangladesh has no chance to qualify for the final now. This is quite funny that Bangladesh team management still giving chances to Naim Sheikh even though he is performing badly in every game. I agree with you that only those teams will be tough opponents for he Sri Lanka team. The team Sri Lanka is showing a winning spirit and almost every team has lost games against them. I'm quite sure that team Pakistan will be a tough team for team Sri Lanka but still the Sri Lankan team has shown the intense winning spirit this time and I'm sure that the match will be a tough one for Pakistani team as well. The Indian team is another tough team for team Sri Lanka and surely it will be hard for Sri Lanka to win against team India but still I would say that the match will be tough for team India as well. Team Bangladesh lost the match and it was really a horrible performance by the Bangladesh team but we can't say anything because they were playing against Sri Lanka team and losing was in their fate this time. Everything will be dependent upon the match tomorrow now, if India wins tomorrow I'll say India and Sri Lanka have a good chance of qualifying while if Pakistan wins tomorrow I'll say it's Pakistan and Sri Lanka which have a higher chance of qualifying. Bangladesh's performance was really very much expected. They are really not playing their best game in this tournament. |
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I read a news today that the Indian government wants to change the name of the country to Bharat. So far this is just a rumor and no official law is pending. These rumors are based on the fact that Rashtrapati Bhawan has sent out invitations to the G20 dinner to be held on September 9 in the name of "President of Bharat" instead of the usual "President of India". I would like to hear the views of the people of India themselves on this. You can read more here. P.S. I don't know if I'm posting this topic in the right place. If it is wrong, please tell me where to move it and I will move it. Thank you.I have seen views of both the parties who are in favour of this and also those who are against it, also the opinion from down south who strictly are against an only Hindi Name Bharat. My point to all this is why is all this sham needed anyway? We all know constitution has provisions for both the name. The name india comes from the Indus river system that flows here and there is no concrete evidence as to whether Britishers were the first to coin this term. Also there would absolutely be zero effect of this on any person's mind or mentality, honestly no one even better an eye on the Name India for 70 years until this government made it such a big issue. |
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Isn't it the same thing that rest of the world has done for Chinese phones? I know there are strong allegations on Chinese company about data collection but this doesn't means apple is free from allegations. I think there should be a very strict global policy relating to data collection and privacy, otherwise we'll see the whole globalization concept going for a toss as most of the electronics that are produced today have methodology of data collection
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We can see how traditional banking has helped in creating employment. Many people are employed in the banks. The banks and their employees are paying taxes. I read this today: CBDCs will gradually displace private banks, says Russian lawmakerIt is about a Russian lawmaker that believes CBDCs will gradually displace fiat and traditional banking. Can this be what would later happen? I think even if we eliminate cash and go to CBDC there will still be quite some people required to maintain the overall system and moreover I don't expect banking to honestly end even if CBDC comes in so obviously there won't really be massive unemployment just that much which would happen in every sector due to tech and AI coming in. |
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Right now I feel too far. Not because we don't have a lot of i Conflicts around the world but because every county knows what could be the probable effect of a nuclear weapon being exploded and how far can that war go. So I feel almost all the global leaders are wise enough to understand the impact of such a thing. |
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This topic is similar to the one gantez by titled, The impact of Russian and Ukraine war on world economy. The world watched Putin gather some African leaders for the Russia-Africa Summit at St. Petersburg in July. This was the first of its kind. According to them the aim was to strengthen the economic ties between Russia and Africa. During the meeting they discussed sustainable diamond mining, SME partnerships, agribusiness, energy cooperation, logistics routes, and financial security. What the whole world is observing now is detachment of some of these African countries, Mali, Burkina Faso, Niger, from the West and they are forming a strong alliance backed by Russia and a some other countries. We already know about the BRICS which include countries like Brazil, Russia, India, China and South Africa. Their aim at developing trade and economic cooperation among its member nations. Seeing all of these, what do you guys think will be the impact of the Russian African alliance on the world economy. We know there is no war right now but the rhetoric and tensions all over is being felt worldwide. Would the world economy suffer or would we be fine? If you are referring to the impact of BRICS toward world economy then that's bad for whole world because most of the countries in the world are using US dollar as there national reserves and if you are asking what impact does this alliances will make for the whole world then that's will be a productive one too. Because if they do what they really say then there will be more goods in the market more diamonds, more agriculture business, more energy production units, more foreign business will tend to join. And if they do it rightly, then along with Africa those who are from Africa spread in worldwide countries will get some relief and could do some more productive works. Overall, the countries are connected sorry not countries the impact of such decisions are connected between citizens of one country spread all along the world. One who is in Spain, US, in any other country doing something productive then the rate will increase. No to mentioned the import and export will also increase of your country with other countries and also other countries will also make money so one country is making profit out of another. Just a correction no country is using USD as their reserve currency. I mean even if a few countries are their proportion is very small compared to the rest. Since long time countries are just putting their own currency as a reserve and simultaneously maintaining a forex reserves which comprises of all the currencies so in that way BRICS won't really damage anyone to be very honest. Infact I feel more than BRICS there should be a defensive alliance among the east to really counter balance the NATO these days. |
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Tomorrow Bangladesh will face Sri Lanka and it's a match to win for Bangladesh if they want to play final. Even if they can win the match against Sri Lanka, the next match won't be easy for them as the opposition is India. Bangladesh had a couple of close match against India but they never managed to win against them in such tournaments in the recent years.
Mushiqur Rahim expect for a short visit to Bangladesh because they are expecting to have their 2nd child. He might come ack to Bangladesh right after the match against Sri Lanka and then he will go back there. I hope everything will be okay.
I don't think Bangladesh have a real chance this time for qualifying through the cup. For starters even Sri Lanka wouldn't be easy to beat and obviously considering after how Sri Lanka comfortably best Bangladesh in group stages and even Pakistan beat Bangladesh very comfortably. I am looking forward to match for the Sunday which is India vs Pakistan. I wish this one doesn't suffers the fate like the previous match. Both in terms of rain and Indian batting order. |
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Recently I came across an article that celebrated the Indian stock market's performance. It seems the Indian stock market has delivered a 10.9% return, which is higher than the US & China. It is great news that the Indian economy is shining and growth has been straight upward in the last decade. As an Indian, it makes me proud when I recall where we were in 2013 to where we are now in 2023. Within that emotional outburst of pride in my mind, a strange question popped up, which was to compare the ROI both from Bitcoin and the Stock Market. Let's do the math for the Indian Stock Market. If you had invested $100 ten years back with an ROI of 10.9%, your money would have become $235 approximately by now. Not bad considering not many bank FDs or mutual funds are able to generate such an ROI. Now, let's do the math for Bitcoin. Again, the investment amount in this case would be $100. In August of 2013, the average price of Bitcoin was $135. Considering the price, you would have bought 0.74 Bitcoin. In August of 2023, the average price of Bitcoin was $27,297, which would result in your $100 investment growing to $20,200 ten years later. That is a 201 times return on your initial investment of $100 or, in simple words, a 20100% return. Think again - which is better, Bitcoin or the Stock Market? If you are someone with diamond hands, then Bitcoin is the right investment. The potential for enormous growth and returns far exceeds traditional investments. No doubt I support crypto market a lot, but the truth is it's not fair to compare it with stock market and claim it's better than stock market. We all very well know that stock markets pricing atleast in a longer term has been based on prices derived directly through performance and earnings of companies which too have grown at a very similar scale, while Crypto markets run has been more on hype so far, the projects even though have been launched but nowhere can we see the real word value addition that they have delivered of such amounts. Also it's like comparing a highly risky investment with a relatively very low risky investment. Obviously with change of risk the returns changes by too much. Lastly a very big point is, you are comparing the market indicies returns with bitcoin return, compare it with an individual share like Bajaj finance, which too has been insane. I remember a video that circulated on the internet about a person calling ZEE business channel. The caller had found that his grand dad had purchased 20k shares of MRF in 1990. He wanted to know the current valuation of those share. It was revealed to him that those shares are valued at 130cr. I agree diamond hands always win but I don't agree that Bitcoin is the only asset that can give you good ROI. There are others that are giving or have given good ROI both in crypto & stock market. Oh yes I saw this as well. Infact I have had a lot of encounters with people who actually found a few lacs in their assets because their fathers and forefathers left some shares with them. Infact government has even opened a portal where you can check if you have any such shares on name of your father or grandparents etc. One problem this thing can't happen in bitcoin because there is no way to get the private key back once lost. |
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Who knows? It might be the opposite. Bangladesh may win the match against Sri Lanka as Bangladesh is under pressure at this moment.
Yeah. It's completely possible because Bangladesh is one of those teams which regularly upsets the favorites. Sri Lanka is primarily depending on Pathirana and Theekshana to restrict the opposing team's total. On the other hand, Bangladesh continues depending on Shakib who keeps performing consistently in the ODI format. Let's see who wins! I am not really expecting any upset this time. This time Bangladesh team looks completely out of touch in almost all the matches they played, only good match was the one against Afghanistan but that was also a flat pitch against not so great Afgan pace bowlers. No help for spinners which was why even the star spinners of Afghanistan couldn't perform. |
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You all will agree that the quantum of new tech emerging in our country (especially in Fintech) in the last decade has been unimaginable. Recently a new fintech UPI ATM has been launched. You can use any UPI payment processor like Paytm, phonepe or gpay to withdraw cash from a UPI ATM by only scanning the bar code dispayed on the ATM machine. Banks were already providing similar service known as cardless cash withdrawal. The problem was that it can only done on that particular bank's ATM using the banking app. With UPI ATM you are able to withdraw cash from any banks saving account and you don't need to use that particular bank's ATM. Click here to read the article. Click here to check the video. Yes I saw the video as well probably was from the Jio world drive event in Mumbai where all the fintechs startups have been displaying their products for last 3 days. It's really a great Innovation and a big relief from the unnecessary charges that the bank levy when you go to withdraw from other bank ATMs. I even saw tap to pay configuration using UPI there. So you can get you tap and pay small device created which you can keep alongside your phone, whenever someone has to pay you through tap and pay they just tap that very small device, enter amount and done. No need to even scan QR codes anymore. |
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Recently I came across an article that celebrated the Indian stock market's performance. It seems the Indian stock market has delivered a 10.9% return, which is higher than the US & China. It is great news that the Indian economy is shining and growth has been straight upward in the last decade. As an Indian, it makes me proud when I recall where we were in 2013 to where we are now in 2023. Within that emotional outburst of pride in my mind, a strange question popped up, which was to compare the ROI both from Bitcoin and the Stock Market. Let's do the math for the Indian Stock Market. If you had invested $100 ten years back with an ROI of 10.9%, your money would have become $235 approximately by now. Not bad considering not many bank FDs or mutual funds are able to generate such an ROI. Now, let's do the math for Bitcoin. Again, the investment amount in this case would be $100. In August of 2013, the average price of Bitcoin was $135. Considering the price, you would have bought 0.74 Bitcoin. In August of 2023, the average price of Bitcoin was $27,297, which would result in your $100 investment growing to $20,200 ten years later. That is a 201 times return on your initial investment of $100 or, in simple words, a 20100% return. Think again - which is better, Bitcoin or the Stock Market? If you are someone with diamond hands, then Bitcoin is the right investment. The potential for enormous growth and returns far exceeds traditional investments. No doubt I support crypto market a lot, but the truth is it's not fair to compare it with stock market and claim it's better than stock market. We all very well know that stock markets pricing atleast in a longer term has been based on prices derived directly through performance and earnings of companies which too have grown at a very similar scale, while Crypto markets run has been more on hype so far, the projects even though have been launched but nowhere can we see the real word value addition that they have delivered of such amounts. Also it's like comparing a highly risky investment with a relatively very low risky investment. Obviously with change of risk the returns changes by too much. Lastly a very big point is, you are comparing the market indicies returns with bitcoin return, compare it with an individual share like Bajaj finance, which too has been insane. |
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Let's suppose you have a limited budget which can be used only for one of the alternatives below:
What is the best investment, in your opinion? To use this money to pay for your education, so you can conclude a superior course and achieve a higher degree, having access to a wide jobs' market, or to use that money to acquire an apartment, house or piece of land, so you can make a passive income from this?
It brings the following question up: what is more valued in life: to be or to have? Does it make someone fulfilled to have while not being or being without having anything?
It obviously can depend on circumstances in which a person is stuck with but apparantly if you see this and also with normal circumstances around its obviously always better to go with education, because it's always like a seed you are planting which is destined to give many greater rewards in the times to come. Even though the property will also give good returns but it'll still be nothing in front of an educated mind, both in terms of the job you'll.get after the education and overall sense of money earning techniques an educated mind can create. |
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From the broadcaster's point of view If everything goes alright then we are looking at India vs Pakistan fianls. Bongs and Lankans need to up their game and produce some fine upsets for a meltdown.
Only if the rains allow the three matches between India and Pakistan. Heavy rains in Colombo will surely ruin this tournament when we know that all the matches are going to be played in Srilanka. They are thinking of shifting the tournament to Dambulla or Pallekele and the chairman of the Pakistan cricket board was of the point of view that the tournament should be in UAE, to which ACC said it was too hot there, and now it is too rainy here  Shifting the tournament?? I think this is a good decision maybe. We just want to see the match and if Pakistan and India both qualify for the final. Then rain also can qualify for the final. If UAE is too hot, you can also select another country for this Asia Cup. I think the best thing is to shift the tournament to Pakistan, there is no rain and no too hot weather, Just normal weather. Also, the real country who host this Asia Cup 2023 is Pakistan but, India doesn't want to come to Pakistan. I think India would rather want the tournament to be abandoned due to Rain than send their team to Pakistan for completing it. This has been their Stance from very start. I just saw how wierd things can get if India and Nepal match also gets abandoned due to rain and there are good chances of that happening as well. |
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I think only way to profit in any recession is always to buy a chunk of things everywhere. Like real estate always gives you good profit if bought in tough times. Infact better would be to buy these real estate from bank auctioneer. In these cases you can buy at a even lesser price and I have heard most of the millionaires are made during recession times.
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If you must follow or use the services of trading signals which is not bad in itself you should do so smartly. By smartly, I mean that at the beginning it is all about following and understanding the thinking process behind those signals and learning everyday. If you insist on using them, do not do so blindly, validate each signal provider by putting in the work. Record their past four to six months' trades on a spreadsheet and check them on historical charts. After you have done this, you may now proceed to choosing the ones consistently in profit despite their losing trades. The advantage is that they will help you reduce your time spent in analysis. This is one of the best ways to make use of or follow trading signals channels or services. What is your opinion?
I feel it's not that easy to follow any crypto signal provider, they are very clever while showcasing their results. So let's say if you get a signal which says buy at 100, Stop loss at 80 and sell 120. Now you being a follower will sell only at 120. Now if price comes to 115 and goes back to 101, the trading group very cleverly says it's 15% profit but for you it's nothing because your order didn't go through. Also a lot of them amplify results. Let's say if they only say to invest 5% of capital in a certain coin but then you get a profit of 30% then another coin same 5% you get profit of 30% and another coin 10% but you get a loss of 30%. Now they'll say it's a profit of 30% but for you it's a break even you used doubled capital in third trade. |
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I think until that time bitcoin would have been detached from the concept of halving and bullishness. Bitcoin will become cyclical and it's bull run would come from some other thing than halving. But yes it'll be interesting to see a scenario where there won't be any more supply reduction. Will people still feel bitcoin to be appreciating if this happens.
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An innings should be remembered! Hardik Pandya played a solid innings, and it came at a crucial time when India was facing some trouble. He eventually left the crease after adding a solid score on score board. The way he and Ishan played against the Pakistani spin truly impressive. Pandya particularly dominating the Pakistani spinners. Let's see how long last two batsmen survive against Pakistani bowlers.
Losing the first 4 wickets in a hurry should have been a worry among the Indian fans, but from that situation captain Hardik Pandya and Ishan Kishan changed the picture of the entire match. Although India could not make 300, they dealt well with the Pakistani spinners. A better performance of some other players in the team would have given an early idea about the situation of this match. But in the current position, it cannot be said which team will be ahead. After watching Pakistan's 15 over batting performance, it may be possible to predict the result of the match. If it was not for Pandya and Ishan Kishan today you would have seen a great Indian collapse once again like we saw in previous champions trophy, obviously if Pandya would have stayed for some more time it would have been a different total for India. Now Rain is going to be a major player again in this match, anything can change the odds of the game. Big breaks in batting can also affect the momentum. |
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So i've been a trader since early 2017 and i have never seen such low volatility in market. Even at the time of 2018 bear run the things were quite slow but this time its totally different. It makes a move and consolidates for like a month or two now. Which was never the case in past.
Its possible that only i feel like that and other people still see it like the normal bitcoin trend. But there was fun every week in crypto before.
What do you guys think ?? Is it just me or some of you others feel the same??
And if it is like that then what do you all think when the wild ride start again like old days ??
I really think it was pretty much the same case back in 2017 as well. Also one thing to keep in mind is that bigger the consolidation is the bigger the move also becomes. So there is a big possibility that you might see a much larger move the next time. Also volatility isn't that important of a parameter, volumes is, and if you see Jan and Feb 2023 were highest volume months for bitcoin. |
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Last week three Indian exchanges were facing INR withdrawal issues. I am not going to name them as I got the information from a Telegram channel. I can confirm one exchange name as I am part of that exchange telegram channel. When questioned by the user they claimed they were having issues with the Banking partners. If I am correct most Indian exchanges use Paytm bank to process INR withdrawals. It is a possibility that it might be a banking partner issue. The reason for this topic is to keep everyone aware of this issue. Please ensure that you don't put a big withdrawal request and avoid placing a request on Bank holidays.
If anyone here has faced any INR withdrawal issues recently then do share it with the community.
I think it's okay to raise the names of the exchanges. I think it's in favour of users to have this info very well in advance. Also you can mention allegedly and people can confirm whether it's true with their specific exchange and confirm the allegation. Also having issue with payment partner is also a very normal thing to be honest. we have seen in the past this has happened so many times. |
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