Bitcoin Forum
May 24, 2024, 05:18:17 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 ... 232 »
481  Other / Beginners & Help / Re: How's your bitcoin lifestyle? on: March 18, 2023, 07:54:23 PM
Keeping a low life with bitcoin is the kind of lifestyle to live and it is possible to do because bitcoin itself has provided that kind of system with anonymous and decentralized operations it has. It guarantees your freedom of secrecy and so no need that we begin to brag ourselves about it because of the danger of possible attack. People usually weighs your financial status with the price of a bitcoin without knowing if what you have is just little fraction of Satoshi, maybe 0.0009btc.
482  Economy / Trading Discussion / Re: Will you advice a new trader to join a trading community or group? on: March 18, 2023, 05:43:53 PM

Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?

The advantage is that you can be there and get wiser about what happens there so that you can build your own experience also. As a newbie, you may be eager to join such group hoping that it is where you make profit easily and faster but ask yourself how big is the owner of the group? He is just as a trader like you. You may be lonely as a trader but you can read online, watch trading videos.
483  Economy / Trading Discussion / Re: Do You Feel Inadequate or Inspired After Watching These Types of Traders Content on: March 18, 2023, 04:38:56 PM
However, I have begun to avoid them and what I do is to focus on my own trading goals and aspirations. As a small bitcoin trader, have you ever felt intimidated, distressed, inadequate or inspired after watching these types of videos or content?

You should not avoid them or feel disturbed nor depressed when you watch them. They should give you encouragement instead because you are seeing the reality of the positive side of trading if you get your strategy right. The guys in YouTube that you watch are whale traders trading with a lot of capital so you can expect that their winning should be in large figures, but they also lose hugely but may not show that to you. If you are a small trader and you are having consistent profit no matter how small they are then you know you can get bigger with time. You can feel discouraged if you are not making even little profit as a small trader.
484  Economy / Trading Discussion / Re: Being drunk while trading what was your experience on: March 17, 2023, 12:47:55 PM

There was a sudden price drop, and I was about to make a loss. So I went on my trading's open order and to my surprise, it was already closed. So I checked the history and I saw that I closed it while I was making a small amount of profit.
The experience wasn't horrible, but after that incident, I never got drunk during work, or went to trading after being drunk.

I can understand this story because I have been witnessing it. It happens not only if you are tipsy. In my own case I have experienced it while asleep. Sometimes when you feel heavily to sleep you can just take a last time decision before dozing off button wake in the morning with the uncertain feeling of not shutting down your profiting trade or with regret of shutting it down.
485  Economy / Trading Discussion / Re: Being drunk while trading what was your experience on: March 16, 2023, 12:32:34 PM

An hour ago, I went out with a friend of mine and it happens to be a drinking hall (beer parlor) where he got drunk and as well trading.


Usually it is good to trade when all your senses are well relaxed because you need to be careful. A drunk person is likely to make mistakes and take decisions he vowed not to take on trade like increasing risk appetite.


The question is, can you trade while you are already drunk?
I was asked this question because I have never been in that mood before being drunk while trading and those who have been in that condition what was your actions and reaction while trading because I noticed something very hard for someone to be drunk and as well trade, do you make profits or keep losing maybe do you close your trade after being drunk.


However some people can control themselves when it comes to trading even when they are drug, at this time of being drug, they are very much at alert like some people say they are very much alert when they are driving while drunk and this is because they understand the risk involved but I'm not saying it is good that you drink and drive because that is a crime. Concerning drinking and trading, the point is if it is the right time for your trading set up to trigger for profit, the outcome will still be the same thing if you are able to take the proper decision.
486  Economy / Trading Discussion / Re: Why Beginners Should Not Go For Future Trading? on: March 15, 2023, 02:30:03 PM
There is a reason that demo account are available for traders. This is regarding as practice account where traders can learn and practice more on the things they have been reading about trade and improve on the skills acquired. A trader that has gone through this is already having an idea on what to do with the real market. Apart from emotions of trading with real money and the fear of losing it, a beginner is facing what he or she has been practicing already. However, trading the real market is involving your emotion, you need a lower leverage in every trade not only in futures.
487  Economy / Economics / Re: Bank Bailouts and Stock Market. on: March 15, 2023, 10:50:14 AM

So I think we will still see a lot more bankruptcies, there will be more layoffs and the stock market will keep suffering from that. This also means that bitcoin will probably find a new bottom.

To keep fighting for low interest rate and lower inflation from FED isn't really going far for how long this have been yet know solution to bring cost down. High rates is a function of recession caused by COVID-19 and cost rates won't just drop automatically because of regulation. How that regulation affects an unregulated market like bitcoin is yet to be known.
488  Economy / Trading Discussion / Re: Crypto or Forex? on: March 15, 2023, 10:11:19 AM
The main problem with Forex trading is that your account can be blocked at any time for one reason or another. And you have no anonymity. When trading cryptocurrencies, you can use either CEX or DEX - depending on your preference. Of course, there are risks everywhere.
do all forex trading platforms have the same rules, which allow user accounts to be deleted or frozen?
that is simply not the case for crypto exchanges. it is very rare for such cases, except in casino scams which usually involve deleting accounts or freezing funds.

I'm not a forex trader, I don't know the advantages or disadvantages. but when talking about risk, every trade will have its risks. if this question is asked on social media forums of forex traders, of course, there will be better and more profitable forex trading answers. but for those in crypto forums, of course, crypto trading will be better and more profitable. although basically, it all depends on the skill of the trader.

I don't understand why a forex trading account will be blocked, ask yourself that question to see if you can arrive at a logical answer if not that either the forex platform is a scam. If a forex platform is not a scam I don't think that will happen to block a customer out. It is unreasonable to conceive such, there are could be untrusted platforms waiting for customers deposit to run with your funds so you need to check from friends that are already trading to know reputable trading platform.
489  Economy / Economics / Re: With the present economic outlook, do you think that this is good advise? on: March 14, 2023, 04:12:37 PM

With the present economic outlook, do you think that this is a good advise?

It is wiser and better to learn a skill even trading skill because it will help in the future rather than relying on the little profit coming out from menial jobs. Some people depend on the present income they get and are layed back from building themselves to expound and diversify their businesses. In the future, a small family will expound and that requires financial growth to take care of the new expounded home.
490  Economy / Trading Discussion / Re: Social Trading Platforms evaulation on: March 14, 2023, 02:37:03 PM

Yeah, you are right. You know, sometimes I feel like this is the right time for me to learn all these things and trade crypto. Am I late? and now I'm trying to work on my financial literacy. Once again thank you for the advice. Have a great week!

Learning is the right thing to do and if you have passion you will succeed no matter the challenges of losing. Remember losing is part of the trade but you lose less and gain more for you to be on top. Doing copy trading and relying on someone's may not help you on a long run because no trader is perfect, so making your own mistakes is better. There is no time that is late to learn trading. Good luck on it.
491  Economy / Trading Discussion / Re: Does a Morning Routine have any Effect as a Day Trader? on: March 12, 2023, 04:52:03 PM
I don't really have the morning routine of taking some jog and it is commendable if you don't miss it because it is really I hard thing to keep up with daily but if I succeed to do a walk out, I usually have a positive vibes for that day including being very smart, fast and alert at what I do. As to routine for trading, I usually check set up when I wake up to see if the day will be good for profit  Grin
492  Economy / Trading Discussion / Re: Bitcoin trading or Investing in the stock market on: March 12, 2023, 03:30:18 PM

Investing in stock is also very good, but I feel this is for those with a lot of money to begin with, but on the other hand, with as little as $5, one can invest in bitcoin easily with out having to fill a long paper and go through document submission for verification.


Forex is also cheap to invest or trade. However I do agree that stock investment is a high intensive investment as you will need to buy a certain quantity of unit as specified in the public offer just like it is in launchpad investment.  Regarding documentation, hardly would you see any reputable trading platform whether forex or cryptocurrency without means of identification or documentation. It is also called KYC in cryptocurrency investment and binance has a level of verification to an account before you can freely transaction on it, so the documentation is the same maybe be the process may differ.
493  Economy / Trading Discussion / Re: Crypto or Forex? on: March 12, 2023, 01:35:46 PM
And the best part is that if you use Crypto, even if you experience a decrease in the value of your money, you still have a chance to sell it at a high price as long as you can still hold the coin.


That is because you can only decide to hodl your coins in your wallet or an exchange wallet without trading it  so that when the value of the coin depreciates, it does not affect the number of unit of the coin you have but what has happened that you sell at losing end because of the value that dropped but you are still having something to sell. This happens to be an advantage for cryptocurrency because you can hodl it but not trade it and after a long time you can still declare profit if price goes higher from what you bought it. Forex trading is not that way sadly, you don't have the opportunity to hodl but only trading for profit or loss.



I don't know if Forex can also be like that because I have never used Forex to trade. Besides that, when a friend offered me to start trading Forex, I really needed a lot of money and didn't have much money. But by trading Crypto, you can determine the amount of money you want to start trading.

There are different forex brokers that you can trade with very small amount of money like $20 start up.
494  Economy / Speculation / Re: Is ageing and old people part of bitcoin? on: March 11, 2023, 07:14:29 PM
Looking at the current world parents don't like their children to be exposed to internet maybe because of their past experience of scam threats or they've trade something similar to bitcoin in the past.


Those parents that are educated knows that the world has changed and modernity has taken over the scheme of things, so their are percentage of old parents that are still going with the new technology. At least computers have been around for a while and the internet likewise is not new. The past experiences should not discourage people to run away from the internet rather sharing experience will make the children wiser.

Do you think our ageing parents are into crypto investment or trading?


Before bitcoin and cryptocurrency eleven years ago, there have been other types of trading like forex trading, stock and shares etc so cryptocurrency is just a new comer. Wiser parents eleven years ago are part of early adopters I should think so

If they're probably into crypto why are some of them advising their children to diseased from internet?


Intelligent parents can advise their children that are not of age to stay away from pornography on internet but not against financial independence on the internet.
495  Alternate cryptocurrencies / Altcoin Discussion / Re: What holds you back from investing in Altcoins ? on: March 11, 2023, 11:57:00 AM
After 2016 and 2017 when few people invested in altcoins and there was boom in the investment, more people joined the altcoins market to scoop some profit with the positive stories of past investors but unfortunately the altcoins bull didn't happen, it was stalled but more people got scammed from ico investment and direct investment in exchange. This time I think lesser investment will be seen in altcoins because of the past experiences but bitcoin may be the concentration for the next halving investment.
496  Other / Beginners & Help / Re: Can you tell me which one you will choose and why? on: March 11, 2023, 10:36:25 AM
I can only give full support to decentralized wallet but not binance exchange or banks and the reason is because the two are centralized. Above all in comparison to bank and binance exchange like you ask, I will choose to trust bank more than binance exchange because it can be hacked or have the same issue with ftx where depositors won't be able to recover their money but in case that happens to a bank, the government of that country will ensure depositors get back their money.
497  Other / Beginners & Help / Re: Do's and Don't of a Newbie on: March 10, 2023, 04:24:34 PM
I will say welcome to you as well like you have been told. If a newbie makes just a post and asking how to go about the forum then it is looking like a turn off for me. What happens to reading by yourself and ask more specific questions and not just for wanting to know about general situation in the forum. Making post as opening a thread on the first post could mean being in a rush or intentional for some purpose that may now be defeated.
498  Economy / Speculation / Re: Bitcoin will (probably) go lower. on: March 10, 2023, 01:08:29 PM

My advice will be to wait until FED will start lowering rates which will mean that the economy will start recovering and money will flow into crypto and bitcoin.



Your strong point and analysis to say bitcoin price drop is coming is all about inflation but I don't think that is what will happen to bitcoin only because of that. Are you saying when the inflation is high then people withdraw hodling and to take care of life? But during COVID-19 that was restrictions and low income earning, we saw gradual increase in investment and appreciation of price so inflation should not be the only reason for price drop. Bitcoin has the tradition of fall in price a year before halving.
499  Economy / Trading Discussion / Re: Rules of trading and following to others read plz on: March 10, 2023, 11:42:35 AM

Just for example:
This month of march btc mid-level price would be around 22,000-22,500$  i use hedge it means If btc is on that level i Open long and short positions and it worked out well.
Becouse the Market is at mid price level so one way either short or long Will break out and go further while the opposite position will be closed by the stop loss.
For this trading stradegy you can use kinda high leverage.


Is this even possible? The exchange I’m using will just allow you to open a position in one direction. Let’s say you have open long position then placing a short position will just close your long position or part of it whichever has the higher margin.


I think one of the reasons that you could have two positions not running is the margin level remaining at the time the second order was triggered. You need to have an adequate liquidity for you to sustain simultaneous trades but if you have enough liquidity I think the trade will go on. The system however is programmed to take off a trade or close it automatically when the account has no corresponding liquidity for the additional trade.
500  Economy / Speculation / Re: When you're so inlove with BTC on: March 09, 2023, 04:28:37 PM

This price is not going up soon, but it keeps showing green, BTC why! God of BTC go to Politicians, Industries, Government and organization, multi billionaires, armed robbers and money laudatory confuse them let them investment, promotes and legalize BTC as legal tender in all nations, so I can grow and recover before garri (cassava flakes) blind my eyes, I pray oh God. Amen


I'm sure you are trying to make a joke out of your situation lol but you seriously have to know that those praying factors are not considered in the business of hodling bitcoin or trading it. You have to make a decision towards bitcoin and understand it is a very volatile asset and you need to be careful. Usually those who don't want to sound like a broken story either convert to Usdt, is a choice you have to make. Grin
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 ... 232 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!