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441  Economy / Trading Discussion / Re: What is the difference between crypto trading and traditional stock trading on: January 26, 2024, 04:36:22 PM
Biggest one is that crypto is not tied to anything and stocks are tied to companies. While there is no exact reason for crypto to go up or down aside from just people buying and selling, stocks have companies who make a profit or lose money.

So when you buy a stock, you are buying shares of that company, if the company is managed well and making profit then the stock should go up, even if it doesn't on short term due to some crash, it will eventually recover and do a lot better. Whereas if you buy a cryptocurrency, it is tied to nothing at all, as long as people buy more, then the price will go up, and if not then it will not go up. That is by far the biggest difference between these two things and makes up for all the confusion for newbies.
442  Economy / Gambling discussion / Re: The need to control your emotions as a football fan. on: January 25, 2024, 07:14:51 PM
Getting to that point already is too much. If you are getting way too emotional about football, then you are doing something wrong. Don't get me wrong, it's normal to get happy when your team wins, but you should not be really getting too much emotional after a loss or something, or get too hyped about a game before the game starts, or care about the end of the season results too much.

I understand it if you are talking about a small amount, like a tiny bit, but nothing more. It should be at the same level as watching a movie and rooting for the hero, do you really feel like you should be obsessed about a hero in a movie winning the fight? Of course not, well football is just something that is done to keep us happy, that's it, if you are feeling any more, then you are doing it wrong.
443  Economy / Trading Discussion / Re: How do exchanges work? on: January 25, 2024, 06:58:21 PM
The fact is that everyone said basically the same thing but also different things basically shows that people do not really read. Most exchanges do not show different prices, sure maybe for an instance, but usually they don't. If one exchange had such a different price than the other then we would probably see someone arbitrage it away anyway.

So, the question itself is moot, I would love to see OP provide proof that there are 2 exchanges who have more than 1% difference between prices. In fact, better yet, OP should just use this information to do arbitrage, because if one has different price than the other, you could very well make money off that. The question is wrong, there isn't any price differences between exchanges.
444  Economy / Gambling discussion / Re: 2024 NBA Season on: January 25, 2024, 06:44:22 PM
Doc Rivers is Doc rivers. Finding an NBA champion coach is always something teams wants to do, and not like they were bad enough that they should have fired their manager, it makes sense to keep the manager if they feel like it, but Bud was decent too and yet they parted ways.

Well, the main reason why Bud left was because Bud's brother died, and he wanted to take a break, which is understandable, but it's fine. I think Doc Rivers has been a decent head coach for a long time now, for over 20+ years, and he has a title, so the fact that he would be hired by many teams, teams that have good squads, is a common thing. This is why they are doing this change, they believe that he could be the type of head coach that can bring them a ring.
445  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving effect on: January 25, 2024, 06:11:23 PM
What we are going to see is halved supply, and later on the demand will increase due to FOMO. What we have is a cycle, and everyone is aware of this cycle, which means that we can't really let it be, we can't just ignore the cycle.

So when a lot of people trust the cycle, and think that it is true, then the result ends up being something marginal, something that actually matters, and that is the point that we should be having. If enough people trust it, they will spend money on buying it, all thinking that it will go up. When they all buy, because they think it will go up, that means there will be more demand. With lesser supply for miners, and higher demand by FOMO public perception, the price of course starts to go up.
446  Economy / Speculation / Re: Self control cannot be neglected as an early investor on: January 25, 2024, 05:29:41 PM
Reaching to a point where you are sort of like doing it automatically and not really trading based on your emotions or you thoughts is the key. People who are amazing traders do not even "think" when they react, they are like a machine, they just trade when it hits where it should hit. This of course can't be reached in a single day, you can't just make that happen, there is no way that you would be making that kind of income right off the bat. So, what should you do?

You should first learn how to trade, all about TA and so forth, all indicators, levels, walls, everything and then you should start trading with money you can afford to lose. You will realize that, after a while, it will become a second nature to you and you will make good profit.
447  Economy / Trading Discussion / Re: How to make money on cryptocurrencies without investment? on: January 25, 2024, 03:50:05 PM
Making money without investment is only possible by working for it, but that is what we should be trying to get away from technically. Rich people have two resources that they make money from, either their investments, or their companies.

Elon Musk didn't get rich by working for someone, bill gates didn't, warren buffet didn't, rich people do not become rich by working for someone, they are the owners of their own faith. So either find a way to start a business and accept crypto payments and get rich that way, OR you have to invest. I am not saying it s impossible to make money by working for someone, you could still do that, but I would suggest not to do that and just figure out a way to make money from starting a company, preferably in crypto space.
448  Economy / Trading Discussion / Re: Why people mostly fail in trading on: January 25, 2024, 03:09:02 PM
Most people jump into things that they do not understand, that's why. A friend of mine just lost 5 thousand dollars at margin trading, which makes no sense to me because he wasn't a person who traded margin before that, so why would you want to start something you are so newbie about and put up that much money?

The possibility of making 5k+ was also there, so he got greedy. So, people get greedy and do things that they should not do, which ends up resulting with them not making money and losing it all. There are few simple steps to not fail, one is do not do anything you are not well versed in, make sure that you know what you are doing, and secondly it would make sense if you do not risk more than you should know your limits as well.
449  Economy / Trading Discussion / Re: is arbitrage still possible in crypto ? on: January 25, 2024, 01:55:03 PM
Possible but it has always been a very difficult thing to do. Do not consider something as simple as move your money from btc to doge to eth to back to btc again and make profit, that is long gone and all the bots out there do that instantly if there is even a single cent that can be made from that.

But, turning btc into usdt, moving usdt into local exchange, turning that into local fiat, then turning that local fiat into btc? That may still be viable, not all the time of course because other people are chasing that as well. Like I said, possible to do this but it is also quite difficult, not only you will need to check it 24/7 to find something but you also need to realize the returns aren't great and you may risk some money and miss the possibility and make a loss.
450  Economy / Gambling discussion / Re: Turkish Super League 2023/24 Season on: January 24, 2024, 08:40:53 PM
Not every team has a good season at all the time, sometimes some teams end up not being great. At the start of the season, I wagered on three teams to win all the games and parlayed them together, not that they would win all the games they play, but at least it looked like it would be good with a parlay, even if it happened once every two three weeks, that would mean that I would be making a profit.

After a while I saw that Besiktas wouldn't be able to provide anything like that, so I decided to just drop it down to two teams. Now I am doing fine, I need to win 50%+ of my games, which is what happens, and sometimes I do lose, like how Fenerbahce got a tie, but it doesn't happen that frequently, thankfully I end up winning 50%+ so far.
451  Economy / Speculation / Re: Bitcoin’s Slide Below $40K Amid FTX Liquidation and ETF Turmoil on: January 24, 2024, 08:24:33 PM
And bitcoin slides back above 40k, amid.. no idea what happened to be fair. We should stop connecting bitcoin price to anything other than "people sold so it went down" and "people bought so it went up", that is really it, the worst thing possible for bitcoin could happen, and people could still buy, and the best thing possible for bitcoin could happen and people could sell.

The biggest example I give about this is ETH turning into PoS, that was something that people waited for many many years, everyone was excited to see that change, and when it happened it was a bear period and nobody wanted to be the one who bought it, so price did not move much at all. So if it's a bull period, it will go up no matter what news comes out, and if it's bear, it will go down no matter what.
452  Economy / Gambling discussion / Re: While placing bet what comes your mind on: January 24, 2024, 07:42:33 PM
Honestly, the initial thought process for me is about the game itself. If it is a game that I am going to watch, I try to prefer to pick the side I hope that wins, and not that I think it would win. Obviously this isn't really a smart decision so I gamble less on those games, I want to see a team win, and betting on that game means I would have even more incentive to win that game.

This doesn't mean that I am going to end up with a win, I could very well lose, because who I hope would win, may not be the team that is better. However, if it is not something I wish to see win or lose, like if I don't care, if it is only for a bit of gambling fun, then I gamble more, and I try to bet on the favourites and then it is a totally different situation.
453  Economy / Gambling / Re: How Crypto casino market themselves? on: January 24, 2024, 07:14:11 PM
It is quite important to realize that most casinos do not do proper marketing. How do we know? Well, look at the casinos here on this gambling section, there are maybe 4-5 big names here that we all know, and the rest are not getting the attention. You can check this by checking which casinos get 10 messages on their topic per day for more than 2-3 years.

There aren't that many, there are some new ones, which may get attention but they are new so they have the budget for it and trying their best, and there are 4-5 casinos that has been around longer than 2-3 years and still getting attention, but all the others are gone. Some casinos like windice and wolf.bet trying to get some attention again, but if you see September and January all on the same page, that means there wasn't enough attention for months and months now.
454  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: January 24, 2024, 06:30:24 PM
Today will be that extra game situation, and even though some people may have some difficulty seeing the importance of this game, it is really bigger than what most people imagine. If Bayern wins this game just like how everyone expects them to do, then there is nothing shocking, it would be just another game and it is fine.

However, in a situation where they end up failing, a loss or a tie? Then in that case Leverkusen is just way too far ahead of Bayern, and the difference might be too hard to close. Of course it depends on Leverkusen as well, if Bayern loses points here, but then Leverkusen goes out and loses this weekend, then it would not make sense at all, it should be more like keep this difference for a few more weeks at least.
455  Economy / Trading Discussion / Re: No one has gone broke taking profits, always take profits. on: January 24, 2024, 05:25:03 PM
Taking profits is a smart decision and should be done, but there are so many people who fail to do that, because they want more and they get greedy and they end up losing money on it. I am not saying that you should not be considering trying to make more money, but it really doesn't feel like a smart decision to just focus on what you could do, it just doesn't feel like you could make money from that. I get that you are going to have some trouble one way or another, but that is not really an acceptable situation neither.

I hope that we could get make some profit, like a decent size, where you take your initial money out, and just start trading with the profits, that way you will never really lose money at all and still can trade.
456  Economy / Trading Discussion / Re: Kindly Share your trading Stategy. on: January 23, 2024, 08:39:32 PM
Trading is not something that can be fit for all, it is not like some shirt, not all 2xl people will fit, that is not going to be the same at trading. All our lives are different, our minds are different, what we are going through is different, the amount of money we have is different, the amount of money we make is different, the living situation we have is different, they growing up part of our life is different, the jobs are different, the sickness/health situations are different.

I can keep naming more and more stuff that are different from one person to another. When no single human is the same, why would we think that it would be ok for us to trade the same way? We are going to trade differently as well, just like how we have other different stuff.
457  Economy / Trading Discussion / Re: Do You Believe, "Passive Investors Make More Than Active Investors?" on: January 23, 2024, 08:11:43 PM
I can't really say if this is true or not since I do not have a data that backs this up, and whatever anyone can provide, I am not sure if they have ALL the data. But, to be fair I wouldn't be surprised if this was true, passive investors just waits, and eventually crypto goes up, so we make money, whereas traders could make more than us, but could also make less than us.

In a situation, where I buy at 20k and sell at 60k, I made 40k dollars, but that's about it, even if I hold and it gets back to 60k, I still have only 40k profit. Whereas, trader is not the same, they can buy at 20k and sell at 60k and then buy 3 at 20k this time and sell at 60k again and have 180k instead, so they did 9x profit while I made 3x, and yet they may also buy at 60k and sell at 20k and lose two thirds of their money too. It is all possible.
458  Economy / Economics / Re: richdad poordad has no more guide after achieving freedom on: January 23, 2024, 06:48:24 PM
Kiyosaki has the oldest blueprint in the history of the world and still trying to get something out of that means that you have no idea how the world economy is going around today. Yes, Rich Dad is saving and investing and getting debt and growing so that eventually he could retire a rich person, sure having debt is not bad in that regard if you are using it to get assets, and poor dad doesn't do that and instead spends excess money to getting brand new iphone, starbucks coffee each morning, and all that.

But right now, people are making money that would not worth a house if they worked for 20 years and put all the money into mortgage, maybe not all around the world, but in my nation, if I do not spend a dime from my salary, and put it aside for 20 years, it still doesn't worth a single house. So Kiyosaki is outdated, and not relevant to today.
459  Economy / Economics / Re: China’s Debt-to-GDP Ratio Rises a Record of 286.1% on: January 23, 2024, 05:44:06 PM
When you start to ignore the red flags for the sake of growth, you will outgrow your own income level. Just because you have some money, doesn't mean that you will have money forever, and that is why it is not going to be easy to not crash. Chian grew way faster than they could afford to, and that is their issue, and they had some insane amount of income that was coming to them, which made them think that it will continue forever, and growth will not stop.

With pandemic and global economical crisis all around the world, income staggered and they already had some cracks in the ceiling, which resulted with them not having anything that would be profitable ever again, that resulted with them having even worse afterwards and crash.
460  Economy / Economics / Re: How influential is crypto worldwide? on: January 21, 2024, 05:53:56 PM
Depends on the nation a bit, some are a bit more influential, some are not so influential, so you need to talk about the nation. Like for example, can we argue how influential it is at El Salvador? We all know that it's a big deal there, it's unbelievable that they were the ones that got the first legal tender, central Africa has that too now I believe, so there are nations with a lot of influence.

However, some are not so much, like China for example, they like it one day, they ban it the other day, it's not really clear what they think about crypto, we do not really know it full on well. Basically, it changes from nation to nation and I believe that the overall influence of bitcoin is getting bigger and bigger every single day.
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