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461  Economy / Trading Discussion / Re: Does trading fees really matter ? on: October 11, 2019, 04:37:06 PM
Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

It depends on how tight the profits are on the trade. At 2%, 0.25% is actually quite a lot. Anything you can do to save money on trades will increase your profits over the long run. Thing of it as buying something from the store. Let's say Kroger has a gallon of milk for $4.50 and Wal-Mart has it for $4.25. Would you not prefer to buy the milk from Wal-Mart and save the extra $.25? It's the same concept. Doesn't really matter how much profit you're making on the trade, you could be making more if you didn't pay as much in fees.

I agree, profits would still be profits and even if the trading fee increase a little, it would still be a pain in the ass in Trading because it would be deducted on the profits that you could make, the worst part is if you are not making any profits on your Trade, but the trading fee is still there, and having many exchanges in this world is an advantage if we are after those exchanger that have lower Trading fee than others.
462  Economy / Economics / Re: How can we get people to use bitcoin as a currency? on: October 11, 2019, 03:38:16 PM
I think people are now slowly becoming more optimistic, they wanted also to make a hustle free transaction of payment so some people today really become more interested on crypto curency so i think telling or sharing crypto information is not that hard to do this time, because crypto is now slowly becoming a part of our human life.

Well, I will disagree about what you have said. Most of the remaining count of people are just interested in cryptocurrency because of profits they ought easy to earn, they are not after having fast transaction because they have fiat, but it is still a part of helping cryptocurrency adaptation, though my concern is after they lose their interest in bitcoin due to losing profits that they are not expecting because of their beginner's mind, the result is they are going to spread rumors that bitcoin is bad and it is not really that good for investment which will counter the part of bitcoin adaptation that should happen.

What we need is we need them to educate more about how cryptocurrency works and not just merely showing it to them without a solid foundation of what they need to do, in this way we could prevent more discouragement of people about bitcoin.
463  Economy / Economics / Re: If you want to be rich..! on: October 11, 2019, 02:33:34 PM
Be rich with cryptocurrency is easy but you have money first, without have money how come to start investing or trading. We need money become smart working without hard working every day in real or offline job, by investing money in bitcoin we can earn much profit while we sleep and open our eyes looks bitcoin up and count how much profit we get.

Sure it is, having a capital could create a huge blast for your success, it is an easier way to go to the top if you are going to use is carefully, there is going to have a crossfire if we will be honest about though, because having a capital (especially if it's huge) will make you an arrogant person, you know, feeling that you could pull it even though the truth is you are just playing yourself to be something what you are not.

What I mean is in Trading, let's say you have $20,000 and you are planning to use it on Trading, having that huge amount would make you careless about your actions thinking that it is okay for you to lose few rolls in Trading because you still have some, until you lose it all.
464  Economy / Economics / Re: What is the best advice you ever heard in case of investments and all on: October 11, 2019, 12:46:09 PM
i always remember the advice do from the heart, because it removes big and selfish ambitions
so far I have never felt a sense of prolonged disappointment, we still have a chance to change it for the better in the future

"Don't believe the rumors, seeing is believing" you won't know a single thing if you will not see it for yourself, it is easy for everyone to discourage everyone because that reflects of they really are, therefore if we follow them we will lose the chance of making a great investment and the worst is we may lose ourselves in the process. In your life, you don't want those people who see negative in everything

Instead we want to surround ourselves with people who are optimistic in all the aspects we have in life, that way we will attract only positive things and will remain persistent on chasing our dreams.
465  Economy / Gambling discussion / Re: Gambling risk is higher when we are on Bear Market? on: October 11, 2019, 11:36:58 AM
What's your thought about this?

I have a scenario for this topic:

John bought Bitcoins when at the price of $18,000 and decided it to HODL.
But after he bought some Bitcoin, the price is starting to decrease, from $18,000 to $10,000 and to $4,000.
So,he already lost his money for almost 50% and he decided to gamble his Bitcoins;

Here's the thing, if you are John and start to gamble, would you bet with high risk (betting with huge amount, betting in low chance of winning, etc)?

Since if it was me, I already lost a lot when I even bought those Bitcoins at $18,000 so the best thing I can do is to gamble it and earn more bitcoins to decrease my loss or breakeven it.

What can you say about this? Or maybe you already experienced this.

The scariest part of our lives is when we have a mindset like this, the truth is John didn't lost 50% of his money, he have those bitcoins in his wallet, maybe the price went down but the quantity of bitcoins he bought didn't change at all. It is confusing if we didn't know what world we are taking in, also if we didn't know what is the true meaning of "lost" then we lost ourselves and do something teribble just like what John did.

John panicked and started to startle, thinking that he might get back the money that he "lost" in gambling, that is why he did lost it in the end, so becareful what you wish for.
466  Economy / Gambling discussion / Re: Dice - A small mistake emptied my wallet. on: October 11, 2019, 07:15:05 AM
Mistakes can't be avoided since we are humans and we are not perfect but we can always recheck our bets to make sure we are doing the correct thing. I guess you realized you made a mistake after you have submitted it so, this should be your lesson that in the future make sure to double check everything because dice is a gamble one mistake can either make or break you.

There are times that winning gives us something addicting, and that is profits or money, it is like we are stoned that is why we can't control what we are doing even if we are aware of the situation, but we can't undo it once we lost our profits already, it is a wake up call for our addiction in gambling, to tell us that winning or losing is not the point in gambling, the point is for us to realize that gambling is not for everyone.

I know that gambling is a way to earn easy money and we can't help but to feel jealous to those people who makes a large amount of money on it, but we have different skills, it is up to us to know what it is and use that to earn huge amount of money also.
467  Economy / Gambling discussion / Re: Crowded Casinos - Play or not? on: October 11, 2019, 05:42:13 AM
I'm sure not all of the people there are playing, most of them are jus watching and maybe (pick pocketing, stealing, etc. lol) If you are after entertainment in gambling or even after profits, you couldn't make it if the casino is so crowded, you can't focus and you can't enjoy because it is too noisy and there is so many things going on around that will cause you distractions.

Playing online casinos might be crowded also but not physically crowded, you could have the peace that you want, as much as you want. Playing casinos online gives you the convinient you want for yourself.
468  Economy / Gambling discussion / Re: Bitcoin and casinos on: October 11, 2019, 04:28:51 AM
I have worked for a few years in a casino and I couldn't help but imagine that people should be able to gamble with bitcoin.

Is it already happening? - I don't mean on the internet

And do you think this will be future of casinos?
There are already tons of casino games that we could play using crypto you only need to know the website.
And there are also some people who use some online games to gamble and have fun for example tongits go and other kinds of apps too.
And I don't really think that people or high roller would be interested on going at a casino just to play with their crypto specially if they could just easily do it anywhere they want.

OP knows that, that is why he said
Is it already happening? - I don't mean on the internet

and there are things that you can't find in the internet casino but you can find in the real casino, what I don't like in real casino's are it is too crowded and you could get a lot of secondhand smoke that could give you a lung cancer, which should cost you more than what you could earn in the casino. It's good to have many currencies you could use on a actual casino's, not all of us have plenty of fiats in the bank.

if that would happen in the near future, I guess they'll provide an area which all of the people who wants to gamble with cryptocurrency would be there.
469  Economy / Economics / Re: stupidity is so close to poverty on: October 10, 2019, 03:30:40 PM
Poor is not fools just unlucky because they do not have much money for investing, different like rich person have much money from his parent and can use for every altcoin and bitcoin for investing, but for us do not have much money have working hard to get payment.

Stupidity have different meanings depends on how you will use it in a sentence, it could be stupid like doing something bad even if you know what will be the outcome, or the other stupidity that means no educational backgrounds. Being stupid could not make you poor, sometimes it is already there, you were born poor and most of those people didn't have goals in life that is why they remain poor.

It is not their fault if they feel that way, we can't blame them because it is hard to live in the slums or in different streets where it is allowed for them to sleep. Poor people are still intelligent people, because they are finding ways to live everyday despite of their life situation, you can't just call them stupid just because they didn't invest in crypto, we cannot force our point of view in life to everyone, we have our own pace of success.
470  Economy / Economics / Re: Know Your Customer on: October 10, 2019, 01:31:18 PM
why we should do KYC to trading on cryptocurrency exchanges given the fact that crypto came about out of the need for people yearning to stay anonymous .
not all cryptos mate . there are cryptos that are not anonymous while most are just partial anymous like for example btc . its still possible for someone to track you and know your balance or your name by using an explorer   .


We could all track the addresses we have using an explorer, but they will not know who you really are. All cryptocurrency have the ability to make us invisible to the eye of the Government, I don't what you are saying that they could also know our name by just searching using an explorer, can you please explain how this works, and kindly please drop the link of this explorer that you were saying, I'd appreciate it if you do that, I'm curious.
471  Economy / Economics / Re: What will happen if the all countries convert to cryptocurrency? on: October 09, 2019, 06:25:12 PM
I think it never gonna happen. But if does, banks will be close, government will put a very high taxes in every transaction that will be made ,they can regulate the flow of cryptocurrency because they finally legalized it  , it could be many illegal transaction will be made for things that cannot be bought so easily, im sorry but this one is true.

They could put taxes on it if they could go through the blockchain, but they can't, so doing such thing is impossible for them. Legalizing it will just increase the chances of bitcoin adaptation but it won't change its nature which is being decentralized, and regulating the flow is just a dream for them, bitcoin is not fiat, it is a digital currency that could run on its own without anyone behind its back, think of it as a super AI network.
472  Economy / Economics / Re: How can we get people to use bitcoin as a currency? on: October 09, 2019, 05:38:52 PM
if we want bitcoin to be used as a currency then we need to educate the masses about how to use cryptocurrencies, also how to make payments with bitcoin without all the mistakes that we see people make. On top of it all, there need to be online platforms and other market places willing to accept bitcoin as payment method.
Surely we should increase the awareness about crypto currency because still there are not so many people who are well aware of it, we should tell people what actually crypto currency is, it is best way of payment, with the passage of time more people will accept the use of bitcoin to buy and sell goods, I can see future currency will be only bitcoin.


Even with a lot of advertisements regarding about cryptocurrency and how amazing it is, awareness will never be enough if the crowd you are shouting out is pretending to be a deaf. We don't need to force them to engage in the bitcoin world, they will if they want to, as of now they don't trust bitcoin and hate it because of the risks and involvement of bitcoin in scams and other illegal activities that the most of us think fiat don't have.
473  Economy / Economics / Re: If you want to be rich..! on: October 09, 2019, 04:24:16 PM
When someone want to be rich they can't make it possible by working 10 to 5  everyday,so what are the things we have to do to make ourselves rich at the right age.

We need to have more income sources like four or five different fields to ensure our constant earnings even if one or two things get us into losses temporarily.Make your investment as early as you can then only you can start making money and remember to save it.

On the contrary, it is very much possible to become rich by working 10 to 5 if you plan it right! Having extra income source is definitely a cherry on the top of the cake. But when someone says, we can't become rich by working from 10 to 5, I only see a pessimistic person crying foul over his own fate!

In the project management field, we often make a statement - "Plan your work, work your plan and your plan will work". This statement is more true than you can possibly even think! A perfect and realistic plan always works! Yes, there will always be hiccups but the end goal will always be met if we stays on track! Start investing at early age is one of the key to become rich at right age! It is very much achievable from a 10 to 5 job!

Yes you can, if you have a good position in a company, but if you are just a regular guy who have a regular job, spending 8 hours in your job is not that great, because you'll only minimum wage like couple of dollars while your body is at a great risk of having diseases due to failing immune system, it will cost you more than what you earn and your savings won't last if you have to buy medicine every single time.

And it is different in cryptocurrency, you don't need to work yourself 'till you pass out just to earn couple of dollars, even 1-3 hours per day could give you more dollars than what you could earn in a regular job.
474  Economy / Economics / Re: Why Bitcoin is not that good as currency? on: October 09, 2019, 03:07:28 PM
lol the title is misleading ,i thought its a negative about bitcoin but its not and the truth is the other way around

when government still preventing their people to adopt cryptocurrency they are denying the benefits people might have.

and the photo really attracting and may lure people to understand whats the difference of BITCOIN and other crypto as well compared to FIAT.and how advantageous having them both
lets hope the fastest adoption happens as we are nearing another decade

Good thing OP included a photo, because if he didn't I would have misunderstood it too. Fiat is starting to be a not-fitted currency anymore in our economy, the foods, products, bills, clothes, and all the things that we need everyday is starting to be so freaking expensive and the price of fiat itself is not changing at all, it does, but what we are going to do for a few cents of its price variation.

But the Governmen's  pride will not be disintegrate that easy, oh God help us.
475  Economy / Economics / Re: Bank Crisis Hits India, Many Accounts Wiped Out, People Left With Nothing on: October 09, 2019, 02:03:53 PM

When asked why people still keep money in banks, most say that it is still the safest way (for them).


It is not the safest way for them, the thing is, it is the only thing they know how to store their money, in a "Safer" way. They are afraid of trying out new things like bitcoin as a way of storing their money as an investment, which is why they have no choice but to put their fiat in the bank even they know to themselves that it is risky, they are trusting the bank too much because they think that the bank will do something whenever there is going to be a problem inside the bank.

I dislike the banks because we trust them but they don't trust us, how ironic is that. They are like a selfish person who always want to take the benefits for himself.
476  Economy / Economics / Re: Trading on: October 09, 2019, 10:16:54 AM
Can i ask some advice from trading experts here, How could i trade safely and assure possible profit from my investments?

"Safe" is a term that doesn't exist when you are investing, I mean it will not go always according to your plan neither your strategies, but the term "risk" is what you needed to understand before you invest your money in Trading, you could hodl it, but that is not Trading at all, you are just an investor. Being a Trader means you have your faith in yourself to risk your capital in exchange of profits.

To be able to trade safely, you need to trade risky and in order to earn big profits, you need to take big risks.
477  Economy / Trading Discussion / Re: Tools to improve your trading on: October 09, 2019, 09:16:09 AM
While it is good to have tools, it should be in our priority too to read updates of the current situations of the market and listed coins. Though they're too many, thru experience and determination we will be able to analyse and know our pros and weakest as we started doing it, we will know if it's just hype or because of the project development, we will be able to limit ourselves in those have potential, we will be able to master it and still earn even the market isn't in good position that time just learn to determine a good coin or project by reading each project updates.

It appears that someone didn't read/open the link that OP posted. OP's links for his tools have it all, what you have said about this
it should be in our priority too to read updates of the current situations of the market and listed coins
are there too, a lot of Traders sharing their ideas everyday to update what is going on in the market, I think they are all legit and not just some kind of jokes. The tools that OP mentioned was not literally "tools" like software that have bugs and not precise at all the time. It might be worth it if some of you guys are going to try it for a little amount of fiat as a trial if this thing really work out.

E D I T: those are just some guides to help you on making decisions about your trade, it is not totally a "must" do steps that you should literally follow to earn profits, your skills and understanding is needed.
478  Economy / Trading Discussion / Re: Which one you buy Bitcoin or Ethereum? on: October 09, 2019, 06:10:52 AM
Bitcoin is a good choice if you want to earn profits in the long run and Ethereum is good to be traded in short term (Day Trading) but it will all depends on how good are you when it comes to Trading. Bitcoin's price fluctuation is the biggest advantage you could have when you own it, it could surprise you any day having a $1,000-$2000 price difference in a day in a bullish market, therefore my 70% vote would go for buying bitcoin than Ethereum.
479  Bitcoin / Bitcoin Discussion / Re: Campaign to run Bitcoin over public networks. on: October 08, 2019, 06:43:52 PM
If Bitcoin is going to gain wide and secure acceptance amongst the general public, then we may need to increase node use in the "wild". Mobile 'phone tethering is a way round this, but this is not always convenient.

I agree with this, if we wanted a more fast and secured network for bitcoin we need more bitcoin nodes---not just nodes but the fully functioning nodes. However, gaining the trust of the public for bitcoin adaptation to get more bitcoin nodes is harder than placing bitcoin nodes in the space.
480  Economy / Economics / Re: bitcoin goes down, no new rich people anymore on: October 08, 2019, 05:55:59 PM
because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha ​​haahaa

They are not literally went bankrupt as the price of bitcoin continue to go down, they just lost some profits they could have when they sold it way back December 2017, they could only went bankrupt if they are going to feed it to the whales by making a sell on a bearish market, but as long as they have the bitcoins in their wallet, the odds are still with them, they just have to wait for the bullish market to come and that is all to it.

it could only be a pain in the neck if they invested all of their money on it and didn't have any savings left, that is a critical move for them, because they will have no choice but to sell it whatever price bitcoin's have if they need it so badly.
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