As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
Investing in altcoins can be a little bit like gambling. The best thing to do when investing in Altcoins, is to do your own homework and research each project before putting any money in. Apart from this, you should always decide how much you are willing to risk and always have a % profit goal. Once it hits the mark, you will need to know how to walk out without ever looking back. Even so, I guess its better to just sit on Bitcoin... |
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Bitcoin has time and again proved that it is the next big thing after Internet, the decentralization is what people required and it has given every common man the power to believe in it ...
But have you ever thought how could be the world without bitcoin ..
1) No worldwide community would have existed for a single cause of Decentralization ,not only for Bitcoin but even to raise a voice for something like this ...
2) Govts and Banks would have taken full advantages during pandemic
3) People would have no better choice to invest apart from land, stocks or bonds
4) The excitement to grow money 10-20 folds would have not existed ...
5) Top Business House and Influencers, such as Michael Saylor or Elon Musk would have been obsolete with just a few tweets...
6) The search for a person (Nakamoto) , was never been so much anticipated by the whole world, probably like the "Wealth of Rothschild"..
7) Countries would have no other option to trade in apart from usd or gold like before... Now they can in Bitcoin
Share your thought on this .. what do you think would have been situation if Bitcoin was not created
Cypher punks were already on the brink of finding/developing something pretty similar to Bitcoin. In fact, they were on it since the Cult of he Dead cow, and it become like an urgent need since 92 on. Decentralization and the need for a mean of eschange specifically designed for the internet was something that the world needed. So, if it was not Nakamoto bringing Bitcoin to the table, someone else would invent an alternative. |
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Any coin that survives this bear market will do well come the bull season
From hundreds of scams to hundreds of good projects, there's no way of telling how many projects will survive the Bear market. However, there are always a few ones you can almost be certain that will survive and will possibly hand out some awesome profits on the next bull run. As secrecy is the mother of all business, of course, I'm not going to tell you what coins will still be around and what coins will not live to see the next bull run, but what I can tell you is that most possibly the classical cryptos will still be around... |
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great list, I would add the following two, this can also apply to anything in life
No accountability - everyone will make mistakes and taking accountability is the stepping stone to learning otherwise you will repeat the same error
poor risk management - you will never "make it" not taking higher risks but you will also lose it all taking high risks all the time, have a healthy distribution
I hear you mate! added. These are actually quite important to consider, especially given the fact that a Trader should always have a golden rule as well as a defined strategy. This is achieved by finding a strategy that proves successful and then testing it to further prove it is successful. Not having accountability makes you go past accepting your mistakes to gather knowledge enabling you to avoid making the same mistakes all over again. Risk management is also something that is an important part of trading. A professional trader always has a plan that guides him to what techniques should he apply to different circumstances and which red flags can be indicative of big movements. When a trader is not having into account its stake and the risk involved and plays out as if it was gambling this is poor Risk Management. So, two more added! We now have 14 Trader's Worst Enemies: Stubbornness
Arrogance
Opinion
Bias
Euphoria
Anger
Adding to a losing trade
Chasing a trade
Trading too big
Their self
Greed
FOMO
No accountability
Poor risk management
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To me, the biggest greed and evil is always the greed to make more money. Because even though mankind has made a lot of profit, it does not stop. He is constantly waiting to earn more money because this will increase even more. Afterwards, that crypto currency experiences declines and then, sometimes, it has to sell at a loss. I've had these, and I still do, sometimes. I think crypto investors should get rid of this greed.
I guess we should say that greed is the root of 98% of the losses. So yeah, we could include Greed to Burn's enemy list. There is also something that is directly tied to emotional response but is generally triggered by outside factors such as new or FUD, and that is the fear of missing out, aka FOMO. So, FOMO should also be added to Burn's List. We now have 12 Trader's Worst Enemies: Stubbornness
Arrogance
Opinion
Bias
Euphoria
Anger
Adding to a losing trade
Chasing a trade
Trading too big
Their self
Greed
FOMO |
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Cryptocurrencies are here to stay, that is an undeniable truth. But are they going to replace other currencies such as Fiat currencies as we know it?
Well, the reality is that cryptocurrencies as Satoshi envisioned are in a dying process. The total regulation over the Ethereum network and its change to a POS network that turned into a completely centralized network is clear proof of it. Now, once CBDCs come in, we may be seeing state digital currencies taking over while a total ban on unregulated cryptos is lifted...
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There are several threats a crypto trader has to face. The worst part of being a trader IMO is the emotional factor control. Similar to a gambling addict, a trader experiences the same rush when doing winning trades. However, in trading, you need to know how and be prepared to lose so that you can later win. Having a defined strategy that was previously tested and proven successful and then sticking to the plan is key. But that is also when the worst part comes. It's when a trader needs to control his emotion and let the plan roll out as it was defined even if it means you are going to lose. According to Steve Burns, there are 10 main Trader’s Worst Enemies: Stubbornness
Arrogance
Opinion
Bias
Euphoria
Anger
Adding to a losing trade
Chasing a trade
Trading too big
Their selfBurns tries to understand the process of trading by breaking it down into 10 enemy stages that the Trader needs to overcome. Would you add any other? |
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My Soccer Tips for Sunday - 30/10/22
Dont you think that it is better if you started your own tipster thread in the gambling discussion board? You did share your prediction here several times already and it may make attract people to discuss about your prediction and Stake's ANN thread may changed into a prediction thread which is considered as spam mega thread. I guess you are aware about it and you should re-think about unless you want to make Stake's ANN thread as a prediction thread. Got you mate. I had no intention to affect or in any way harm this thread, but anyways, thanks for the heads up... I didn't even consider that. Well, I already previously thought about doing my own prediction thread but never carried out with the plan and since these predictions are the ones I use on Stake, to begin with, I've decided to post them here. But yeah, I will start my own Soccer prediction thread! Tx |
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O que será que está por vir?
Lembrando que a Tornado.cash era o contrato utilizado por ABSOLUTAMENTE todos os hackers que trabalhavam onchain, inclusive foi utilizado para esconder o $$ oriundo do hack da bridge da Ronin e bridge da Nomad.
O que está para vir é basicamente: Censorship Resistance is over! O grande problema é o pessoal continuar a usar a rede Ethereum que passou a ser uma rede centralizada e o completo oposto do verdadeiro propósito das cryptocurrencies. O que vem aí?Com esta situação, os reguladores já andam a esfregar as mãos e com olhos postos na rede Bitcoin. Quando o takedown ao Bitcoin mixers começar aí é que vamos vai ser o verdadeiro "shakedown". |
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A Europa esta a começar a entrar num fase a nível económico, que não é vivido a mais de 50 anos.
Acho que o Bitcoin pode ajudar as pessoas a se protegerem desta escalada de preços?
Sinceramente, da forma como o preço do Bitcoin se encontra cada vez mais correlacionado com o custo da energia (Oil) e dessa forma com o S&P500, acho que pode não ser uma boa escolha como proteção. Além da grande volatilidade e da incerteza, este fator pode ser um "bottleneck" que pode quebrar a qualquer momento. A melhor opção contra a inflação será sempre manter um portfolio variado e se possível não manter muito cash no banco e sim investir em imobiliário. No fundo, o dinheiro vai sempre custar dinheiro, seja ele Bitcoin ou Fiat, mas um imóvel vai sempre render dinheiro e se mantido, irá com certeza sempre valorizar. |
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My Soccer Tips for Sunday - 30/10/22
Sweeden - Allsvenskan
Hammarby - Kalmar
Under 2,5 Goals
Varberg - Malmo
Under 2,5 Goals
Poland - Ekstraklasa
Lech - Raków
Under 2,5 Goals
Denmark - Superleague
Brondby - AaB
Both teams score
Italy - Serie A
Lazio - Salernitana
Lazio to Win
Turkey - Super League
İstanbulspor - Fenerbahçe
Fenerbahçe to win
Spain - Primera División
Ath Bilbao - Villarreal
Both teams score
Spain - Segunda División
Cartagena - Granada
Both teams score
Bélgium - Pro League
OHL - Gent
Under 2,5 Goals
Serbia - Super League
Mladost Lučani - Radnicki 1923
Both teams score
Hoping to have a good winning rate!
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My Saturday Soccer Tips - (29/10/22)
Final results:
England - Premier League
Fulham - Everton (29/10/22)Both teams score Final result - 0 - 0 - Got this wrong Greece - Super League (29/10/22)
Volos NFC - Panathinaikos Panathinaikos wins Final result: 1 - 5 - Got this right Germany - Bundesliga (29/10/22)
Frankfurt - Dortmund Both team score Final result: 1 - 2 - Got this right Spain - Primera División (29/10/22)
Sevilla - Vallecano Over 2,5 goals Final result: 0 -1 - Got this wrong Spain - Segunda División (29/10/22)
Leganés - Santander Both teams score Final result: 0 - 0 - Got this wrong Spain - Segunda División (29/10/22)
Alavés - Real Oviedo Alavés to win Final result: 2 - 1 - Got this right Israel - League t ha'Al (29/10/22)
M Netanya - Bnei Raina
Under 2,5 goals Final result: 2 - 1 - Got this wrong It seems that this turn my winning rate went down the drain as I dropped to 40\60 by getting three scores right while missing the other 4. So in 7 projections, I could only get less than half right. This means that in comparison with last week I have dropped from a 90% winning rate to a 40% winning rate. I hope today's picks are better. |
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Final Thoughts
VoteToEarn has a lot of potential that you can tap into. If anything, venturing into a model that boosts your critical thinking and decision-making skills is a worthy investment.
Coupled with the fact that you can earn passively, you are free to access other users’ profiles to cross-check your decisions. Not only that, VoteToEarn offers you a live vote monitoring opportunity where you can see how the votes are going. As such, you are sure to make careful decisions before voting. With a functional framework and unique strings to pull, we recommend that you join VoteToEarn today
It Looks like a pretty interesting model, as it tries to implement a more democratic approach to the whole Byzantine problem of trustless networks. However, it fails from the beginning when it tries to mimic a democratic model, as democracy, is just an emphasised kind of dictatorship of the majority. The way to resolve this is to completely rethink how decentralized networks work. We need something that doesn't rely on voting. A different approach would be to develop an algorithm that didn't rely on a consensus mechanism and that strongly relied on censorship-resistant and 51%attackless features. |
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I wouldn't call it dark, I would call it as logical and realistic as possible. Look around you, almost the entire industry has been influenced by kyc and regulators. Most countries around the world have created their legislative frameworks and taxation for cryptocurrencies. And all of this is part of centralization and control. Any centralized exchange that supports kyc and aml policies can block and confiscate cryptocurrencies. Also, cryptocurrencies have political censorship and sanctions that prevent certain citizens from using cryptocurrencies and using services. That's a full-fledged control and regulation. How do I see the future of cryptocurrencies? Fully regulated. Alas, there is no trace of the original intent of cryptocurrencies themselves. Cryptocurrencies were supposed to fight the oppression of central banks and governments, but that's not how it turned out. These same bankers and governments control cryptocurrencies and dictate their terms. People do not use cryptocurrencies as an alternative to fiat, they seek to exchange cryptocurrencies for fiat, through various speculations.
Governments will continue to increase control and regulation. The reason for this is that once worthless coins, once worth very little and taken seriously by few, have become worth very much and a huge value has been transferred through the blockchain. Billions of dollars. Now it is a full-fledged industry, and governments, along with banks, will not miss the opportunity to make it all work for them.
I agree with you but have some reserves. It would be the end of the main concept that Satoshi envisioned for cryptos if that rolls as you say... Even so, I do believe that there will be alternatives. If we can escape the ethereum oppression by finding a truly decentralized alternative, then we may keep and maintain Satoshi's vision. With CBDCs coming in soon, it will be either that or we will be back to fiat paper cash as it is still the most anonymous form of transacting... [/quote] |
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I wouldn't call it dark, I would call it as logical and realistic as possible. Look around you, almost the entire industry has been influenced by kyc and regulators. Most countries around the world have created their legislative frameworks and taxation for cryptocurrencies. And all of this is part of centralization and control. Any centralized exchange that supports kyc and aml policies can block and confiscate cryptocurrencies. Also, cryptocurrencies have political censorship and sanctions that prevent certain citizens from using cryptocurrencies and using services. That's a full-fledged control and regulation. How do I see the future of cryptocurrencies? Fully regulated. Alas, there is no trace of the original intent of cryptocurrencies themselves. Cryptocurrencies were supposed to fight the oppression of central banks and governments, but that's not how it turned out. These same bankers and governments control cryptocurrencies and dictate their terms. People do not use cryptocurrencies as an alternative to fiat, they seek to exchange cryptocurrencies for fiat, through various speculations.
Governments will continue to increase control and regulation. The reason for this is that once worthless coins, once worth very little and taken seriously by few, have become worth very much and a huge value has been transferred through the blockchain. Billions of dollars. Now it is a full-fledged industry, and governments, along with banks, will not miss the opportunity to make it all work for them.
[/quote]
I completely agree with you. And that is basically the end of the main concept that Satoshi envisioned if that rolls as you say... Even so, I do believe that there will be alternatives. If we can escape the ethereum oppression by finding a truly decentralized alternative, then we may keep and maintain Satoshi's vision. With CBDCs coming in soon, it will be either that or we will be back to fiat paper cash as it is still the most anonymous form of transacting...
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In many days i see in my port filo 5$ up and 5$ down , what is the best strategy to increase profit?
Note that if a market is only moving $5 up and $5 down there will be little to no chance of making too much profit. Of course that you can always get some profits, but once you get a bad call you will lose them all. If the market is moving sideways, you can determine where the support and resistance are and set your trading plan from there. There is no infallible way to generate profit every day on a Bear market unless you set up a trading bot. But if you are an experienced trader, you will be able to make some profit in the long run simply by controlling your emotions and obeying the basic reasoning of resistance and support. So, you should identify breakouts on the resistance to dive into shorts and walk out once it nears the support. It is basically a move where you sell high and then buy low! |
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If every coin has a Whitepaper, that means both the scam coins and the legit coins has a Whitepaper. Then how can a beginner differentiate a scam coin and a legit coin with the Whitepaper?
If a whitepaper is not too technical enough or it doesn't give a good overview and technical explanation of the final purpose, along with its philosophical basis, and real-world use for the project, it immediately raises red flags and reeks like scam all over. IMO, if a whitepaper doesn't give you an assertive overview of what the project is and you cannot find any real-world application for the token or coin, you should run away like Forest Gump. On the other hand, you can always find the perfect plan and find a pretty well-written Whitepaper which attracts you, but then, unknowingly you may find yourself inside a rug pull. |
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My Saturday Soccer Tips - (29/10/22)
England - Premier League
Fulham - Everton (29/10/22)
Both teams score
Greece - Super League (29/10/22)
Volos NFC - Panathinaikos
Panathinaikos wins
Germany - Bundesliga (29/10/22)
Frankfurt - Dortmund
Both team score
Spain - Primera División (29/10/22)
Sevilla - Vallecano
Over 2,5 goals
Spain - Segunda División (29/10/22)
Leganés - Santander
Both teams score
Spain - Segunda División (29/10/22)
Alavés - Real Oviedo
Alavés to win
Israel - League t ha'Al (29/10/22)
M Netanya - Bnei Raina
Under 2,5 goals
I hope I get them all right!
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....
First, in your opinion, what would be a reasonable amount to give his girlfriend? Second, assuming you were the apprentice in the story, would you abandon your training or would you have given in to the pressure to split the money with your boss?
[/quote]
Well, I do believe that if the guy stole the money from his girlfriend to gamble he has a serious addiction problem, so he should at least split the amount won in half and pay the additional 10k he stole. after that he should use the money to do some gambling detox.
As for the guy who decided to split his prize with his boss, he is being robbed. Or either the guy is a retard and the boss was a bloodsucking thief or he has some kind of submissive relation with the boss and doesn't want to let go.
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