Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.
Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
This is very true. Profits do nothing to your betterment they just make you more boastful, they hardly teach you anything instead they make you feel that everything is correct nothing is wrong while that's not the case. It's losses that teach you that even though last time you made profit the theory which you applied was still pretty wrong so you should redo the things again in the correct manner. For me also losses taught me that most important thing to take care of is how to make a trade not the profit and loss out of it. |
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I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one? UPDATESorry guys its actually OpenAI not ChatGPT  AI as of now is nothing but bots which work on some preset parameters taught to them. I am pretty sure that the publicly placed softwares have not reached the mark where people are selling a software whose code can automatically learn things from the past behaviours to earn profits in the future. Also even if this happens initially it will be very coin specific and market specific as each coin's market are pretty different also what set of variable do you give the bot to study, is it only the historic price? Or indicators? Or quantitative data? |
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What a match again today. Yet again Surya Kumar Yadav displayed his class today and clearly explained everyone that how he is the best T20 batsmen in the world right now and anyone else is not even close to him. Such a good innings again at such a good strike rate he is just breaking his own records right now. I feel he should be given a chance in ODIs as well, Sri Lanka series would have been a good platform to test him.
Agreed. Fell in love with his style when I noticed him in Mumbai Indians several years ago and I felt that he should have debuted in the international format earlier which Hardik mentioned himself. He is the Indian version of ABD. Kolkata Knight Riders with Pikachu face watching him flourishing in Mumbai Indian's set up and setting fire at the world stage. At one time he was VC for KKR. They must be feeling like that guy who dumbed his girl early and then after a few years, she turned out to be a magnet for everyone.  Haha that's so true. But I feel somehow it was Mumbai Indians camp only which suited him and gave him that room to play in the top order, i remember KKR were just using him as a finisher pinch hitter. It was MI which gave him chance to bat on number 3 and 4 which actually made him what he is today. You might say if he would have started this earlier India would have got a great players 3-4 years ago from now. Today Gambhir said he would even like to see him in red ball cricket. What are your views around it? I feel we shouldn't do that as it might kill his original game. |
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A really excellent post showing implications of such highly spent events on a country's economy. Obviously we all know how much has Qatar spent on the world cup how insanely this amount exceeds the amount spend in the previous cups which is absurd. But I think Fifa world cup is still an event which garners a lot of viewership both in stadiums and on Television. Events like Olympics which garner really less viewership when compared to Fifa are an even bigger threat to economies. Especially the fact that stadiums are made for so many sports which are never held again in that very country. Football stadiums can still easily be reused for further tournaments considering it's popularity. I think atleast these events should be hosted at a single place every time by creating an Olympic Village in one country it would save tons of wasteful expenditure.
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Until now a warning message from bitcoin forum was "Don't keep Your Money in Online Accounts/wallets" but it's sad to hear that a bitcoin developer's account was hacked and $3.6M(200BTC) assets were hacked from his online and offline wallets. has been So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.  Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC. Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets? @LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19CryptoGlobeI think if you have linked your offline wallet in someway to an online hot wallet it can be hacked. Also i believe if you get caught into some phishing while accessing your offline wallet is also a chance that it can be hacked. Not to forget another simple way hackers can hack it is by sending you a counterfeit or hacked hardware wallet in the first place not sure this was the case in mentioned tweet here. |
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I have 2 motorbikes at home, but what I always use is only 1 motorbike, and 1 motorbike is rarely used, and indeed the motorbike is also old, and if it is sold it won't be too expensive, and I decided to sell the motorbike, because in my opinion the price of the motorbike will definitely fall over time,
(affected by inflation). and the money from the sale of the motorbike I will use to buy bitcoin. because in my opinion the price of bitcoin in the future will definitely rise. and also currently the market is bear, so this is a good opportunity to buy bitcoins. and I want to ask everyone, the decision I made, namely selling the motorbike and the money to buy bitcoin, is it wrong or not?
I'm ready to be corrected because I have no experience in bitcoin and crypto.
I often find people falling in these traps of financial freedom these days watching influencers on Instagram. See bikes and other things that provide you utility. This utility is something which bitcoin cannot provide you. In your case obviously the second bike was not that useful so Obviously it's a wise decision to get rid off it. But generally you should not always compare materialistic things with financial assets, because eventually even after reinvesting the profits someday you are going to take it out for the materialistic things only. |
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What a match again today. Yet again Surya Kumar Yadav displayed his class today and clearly explained everyone that how he is the best T20 batsmen in the world right now and anyone else is not even close to him. Such a good innings again at such a good strike rate he is just breaking his own records right now. I feel he should be given a chance in ODIs as well, Sri Lanka series would have been a good platform to test him.
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By the way I have not so much money still but in future I want to have at least 1 Bitcoin and that's my dream
But I was wondering that whether some of the millionaires that have big money, have the secured their Bitcoin, NFT, or other crypto for the future of Their offspring.
Or These crypto millionaires can write legacy not Their grand Children.
Most of the folks who are into Cryptos are around the age of 30s some even lower than that. I don't really think most of this generation has thought of giving their wealth to their offspring. This concept for them is pretty flawed. These days people want to make sure they live the best of their lives and their children should earn their livelihood and their fortune by themselves. |
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Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.
I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
Day trading? Don't even think of it. It's a full time business if you'll start in part time you'll mostly end up checking the market all the time. Better to give positional trading a try. You can hold positions for long periods by laddering them in a pattern. The theory of buying a coin at 15% down and selling it at pump sounds great but is practically impossible. You will have cases where coins will go further 15% down after going 15% down already. So don't burn your hard earned money. |
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Bitcoin banking is more secure than normal banking, because you are the only one that has access to your personal wallet but in normal banking customer cares can login into your bank account without you're notice and use your money for any kind of businesses.bitcoin banking is more reliable than normal banking because money that is in your normal banking can be deducted or withdrawal without you're notice but that can not happen in Bitcoin banking everything happens with your authorization.
What do you mean by bitcoin banking first of all? Banking in itself means when you have an intermediary in between who takes money on your behalf and gives to other people basically assisting people in transactions. There is no such term as bitcoin banking as no intermediary is required. But I think you mean normal transacting using bitcoin which obviously is better than normal transactions done using traditional banking. |
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Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts.
I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are
~ what is your take on revenge trading?
~ Do you think people intentionally go into revenge trading or is is just emotional?
~ what will you advise someone making series of losses ?
Revenge trading is the worst thing that you can do to yourself and your account as well. Trading is a test of your emotional intelligence and patience. Things like revenge trading will only make you do hasty decision making nothing other than that. Which will give you even more losses and you'll become even more hungry for revenge and go into even more loss this cycle would continue until you blow your account. |
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I read that one of the best ways to preserve a seed phrase is to write it on a piece of paper and keep it in a safe place... Somewhere safe could be in your home out of the reach of family members and friends, it could also be a safe deposit box. But not everyone are financially buoyant to afford the services of a deposit box.
I believe we must have seen or heard about fire outbreaks, where buildings are completely erased by fire. Imagine if the owner or occupant of such a building has some Bitcoin assets, and has his/her phone, tablet, laptop and the seed phrase piece of paper in the building and everything was lost to fire. Now, this brings me to the question... Can seed phrase be memorized? It's advisable to memorize seed phrase?
Obviously it's best to memorize your seed phrase but i would definitely not suggest that this should be your only option. because if we are considering worst scenarios then what if something happens to you? Moreover it's a human brain afterall and you can easily forget such a long seed phrase pretty easily i would suggest doing it both the ways keeping it in two secret places just for safety and also memorizing it. After all this the risk of losing it is honestly very minimal which really is worth the bet. |
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I always thought these East Asian countries had most of their investments in Exchanges like Huobi, Kraken and Gemini. Surprised to see such huge exposure with FTX. I think Singapore is obvious as most of the crypto starts up are there but South Korea was a shocker to me. Naturally US would have topped the list if there was not a different FTX US. It was just because of their laws that they got safeguarded from all this situation.
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Good game by Sri Lanka today they batted really well. I have seen Sri Lanka's performance is altogether different when it comes to subcontinent pitches and absolutely different when they go out side it. Probably this is because of their local league as well. Players are acclimatized with playing in the Sub continent conditions but fail to make an impact when they play in England or Australia.
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I wonder how ordinary people around the world felt the worsening economic situation in their respective countries. I know that although many are very much aware of the soaring inflation, nothing has changed much in their day to day lives. I can observe that in some families. They seem oblivious of how the prices of basic goods and services are rising in double digits.
From my household, however, we can literally taste the economic downturn. It feels odd and sad that we have to sacrifice taste in order to somehow cushion the impact of the economic problems my country is facing. Onion here is already hitting $12.57 a kilo. Depending on the size, that's about $0.63 apiece. Cooking an ordinary dish for a small family requires a bulb or two. During this holiday season especially, we normally need tens of onions. That's not affordable anymore. So we had to greatly reduce the use of onions and try not to care about how the dish would turn out. On ordinary days, onions are even removed from the ingredients.
I had to share this here because it feels like the economic situation has already affected the most basic need of everybody. It seems insignificant because it's only a spice, but I thought that if the economic situation is already affecting everybody's taste buds, it could mean things are getting pretty serious.
I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?
Obviously the prices of a lot of things have gone crazy. The economic situation in my country is that prices of most of the things have doubled since the previous year. Most of these things are those which are necessary for survival of any person. But somehow I feel even the incomes have also increased somewhat in my country of most of the people so this isn't affecting everything that badly until now. Also I am surprised to hear about onion prices in your country $12.57 is like crazy. It's more like 12-13 times the price we have here. |
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What would you do if you managed to come across someone else's private key and it's worth an amount that most people would 'prefer not to lose', assuming you have no [idea who it belongs] to or [location clues]? Eg. Sweeping through common books' text for BIP39-based keys.
I suppose you could send a dollar's worth to a different address and hopefully they'd get the hint.
Honestly if it happens to me and I see the amount is something that I cannot prefer to lose, I'll do everything to make sure I delete the trail and make those coins mine. You can say you should be honest and all but let's face it practically most of us are going to do this, it's human nature, but yes If i was rich enough to not care about the amount in the wallet I would let it go. It obviously all depends on the amount and obviously the amount will be different for everyone. |
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Hello Friends, I'm from New Delhi, India and into crypto things since 2012. Recently I interacted with many people through random channels and sources and found: - Many people are unaware of cryptocurrencies. Not even C of CRYPTO word.
- Many of them have an interest but don't have an idea to get started.
- Many of them only heard about digital assets but are afraid of losing funds.
- And the people who are aware of bitcoin & cryptos, but aren't aware of money-making strategies.
Considering the above, we are starting a webinar to educate people about cryptocurrencies and the digital asset investment process. What do you think about this idea? I think it's a great idea and it's a pretty good time to start it as well. These days people as the bear run is going on people are being lured into some schemes saying that this will be the next good investment for bull run. Also the enthusiasm of people in crypto is lower. In sometime say an year or so whenever bull run clicks in people will once again jump rapidly towards the market and then will be your time to shine as a channel and become pretty popular as well. |
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Right 1 year before exactly around these days I was pretty happy, i was all in fiat and market was almost around 50k or something. But then i somehow decided to step again in the market thinking that it will boom again and basically that was my biggest mistake, since then i have lost almost everything I earned in cryptos due to market falling once again, i just think everyday that how much more could I have earned if I had kept everything in USDT at that time.
At that time you might have been hit by Fomo because when bitcoin will reach a price of $ 50k and above there are many rumors circulating that bitcoin will reach a price of $ 100k. But if you're getting in at around $50k why don't you sell when it hits $60k? maybe you want to get the price more and continue to hold it. I don't think that's the biggest mistake of entering at $50k, it's just that your buying goals are not clear either long term or short term. If you make a purchase for the long term you certainly have to hold it until now and there will be no loss before you sell it, it's just that the reduction in asset value continues to fall. If you deposit USDT and the price keeps going up and up one more time, then there will be no profit for you. The risk of profit and loss is certain, you only need to do good financial management, and setting aside some money for reserves will help from losses more and more. Obviously yes I was the biggest advocater on the forum to beware from both any kind of FOMO and FUD no matter what the situation is just hold on to the original plan. And when the market lured me just a little bit i went in altogether only to Sail a ship that sank. Anyways I am still hopeful that market will surely revive itself in an year or so. Maybe it'll give me back my money at that time if I am brave enough to hold onto my holdings till then as well. |
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This was pretty much expected, seeing the price of bitcoin these days it makes a lot of sense to accumulate bitcoin for longer term. It's like bitcoin is available at more than 70% discount. This a really good buying opportunity and one should definitely grab it. Even return investors who are interested in buying or even averaging bitcoin this is the best opportunity for you.
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The startup, Caden Inc., operates an app by the same name that helps users download their data from apps and services—whether that’s Amazon.com Inc. or Airbnb Inc. —into a personal “vault.” Users who consent to share that data for advertising purposes can earn a cut of the revenue that the app generates from it. They also can access personal analytics based on that data. The idea of giving consumers a cut of whatever brands might pay to reach them isn’t new, but it has been reinvigorated as outside companies have found it harder to harvest and share so-called third-party data. The digital ad industry has been seeking new sources of the consumer data that guides online marketing efforts as traditional tracking techniques have come under pressure. A new Apple policy last year requires apps to ask permission to track users, for example, permission that many people have declined to give. Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income? News SourceI think it's great, see anyways companies are going to take away your data even without your proper consent, so it's better if you can properly sign up for this and even get paid for it. I see this as an absolute win. I think this a good example of web 3.0. where the user is incentivized as well for giving. |
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