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Until now, no one has been able to recover the lost private key or seed phrase, except if it is stored somewhere and remembers where it was stored, maybe we can access our wallet again. but if we don't save it or lose it, of course we will lose our assets even forever. therefore the longer it will be the more coins will be frozen due to incidents like this. After that, we can use things like this as a lesson so that in the future it will not happen again if we create a new wallet
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Current number of post (Including this one): 1166
Current Rank: Full Member
Minimum Rank you are okay to enroll: Full Member
BEP20 address: 0x10f4271565Eac04E1566C1fEA41936AA984a4D7a
Merit earned in the last 120 days: 11
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The most important thing I advised to pay attention to is the need for training. I advise you not to forget to give this time. Because otherwise the result may not be the most positive.
Training and that's to add for the experience. Those that are good and got enough money and are able to make money through trading, they've trained through their experience. And they make every loss that they've made into a big lesson. You need to have something back with those losses for you to learn and that's needed as you trade and want to make money off it. if they are only oriented towards the end result, it is indeed very tempting, let alone being able to profit stably every day, but in the process, of course they are very heavy, going through many stages, both joy and sorrow. short-term trading can be used as a livelihood as long as we can trade correctly, so that we can analyze, set targets and risk losses, because of course there is nothing instant to gain, gain experience and use mistakes to improve ourselves |
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I have make some emphasis on this thread before if I'm not mistaken, i believe that bot kind of trading is waste of time and also waste of resources, because bot is a designed programmed machine, and most of them have a subscription terms and conditions, so i believe that seriously, so it's encouraging or encourageable for someone to learn all the necessary implication that will lead someone into the negative side of trading, so trading needs to know the necessary rudiments, so it's better to perform trading manually than using bot application.
trading using bots has indeed been designed systematically by the creators, but the weakness of using bots is that bots do not have the psychology to trade in certain situations and conditions. unless we already understand trading as a whole, and bots are only used as trading assistants, instead of completely surrendering trading to him, because of course there will be big losses when extraordinary events occur, and only human psychology can minimize losses at that time |
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some people might think that using borrowed funds for trading might be good idea if someone knows what they're doing and is good at trading but the thing with cryptocurrency market or even investments in general is that sometimes the market goes out of their way and it will all about luck that could make you gaining profits, and at that time using borrowed funds for trading would be disastrous, moreover the interests is already such burden.
for a trading professional, I don't think it will be a problem using borrowed funds, but for beginners and people who don't really understand trading, I think it will also be a disaster, because they may not be able to trade correctly, which is primarily a psychological problem, moreover they have to paying monthly installments, of course financial circulation can create a psychological burden, and eventually bad things can happen, and not in accordance with the initial image |
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If you're young and haven't inherited a property from your ancestors, chances are that you're forced to rent. Personally, I've been renting for over 6 years and have been living with my girlfriend for the last 4, sharing rent and utilities. Overall, we've both spent over €25,000 together, and after spending all this money, you're practically left with nothing and may be subject to looking for a new house at any moment.
The average rent for a one-bedroom apartment is between €300 and €400 at best; thus, I was thinking that taking a loan is as costly as paying rent per month, but after 15-20 years, you end up with a house. My main concerns are the following: First, if you're in a long-term relationship like myself, you can never be 100% sure that you'll be with that person in 20 or 30 years from now, which might prevent you from opting for a loan. Secondly, you need to be certain that the location or city of the property to be bought is convenient for future job offers and so on. Thirdly, because a loan is a many-year commitment, there's no guarantee that you'll be able to afford the monthly payment 15 years from now.
On top of that, finding the ideal house as a renter is almost impossible; there's a lack of housing, and rents are extremely expensive and unreasonable at the same time. We had a difficult time finding a house recently, and it's far from ideal. There is now a new government-funded loan program that is about to start, funding up to 75% of the loan interest-free while the rest is funded by private banks and is subject to a relatively low interest rate. This led me to think about taking a loan and purchasing an average two-bedroom apartment, but I have the concerns that I voiced earlier.
renting a place to live I think is a waste of money in our lives. I prefer to borrow for property, as you explained that the government has a program to get houses in an easy way. with us borrowing money, then in the future we can have personal assets. and even though we are not strong enough to repay in the middle of the road, then we can sell it, and have returns, in contrast to when we rent, then we will issue money |
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Where I come from, the problem most of the time is that many want to impress others. Many live their lives trying to be pleasing to the eyes of other people. So they want to have branded clothes, branded shoes, branded everything. They want to have an expensive phone even if it means taking a loan to buy it.
With a low income, I'd rather live in the most practical and simplest way possible. My friends used to make fun of my keypad phone because everyone else was already using smart phones.
The main factor in destroying a person is lifestyle. so that many people are destroyed because they follow the trend while their income does not support it, so that in the end it makes it difficult for themselves because of an inappropriate lifestyle. indeed it would be better even though we are rich, but still have a simple lifestyle, so that our assets will continue to increase, and guarantee our old age life, when we are unable to work. because nowadays many people prioritize prestige rather than function of an item |
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Now I'm 27 years old and I'm planning to get married this year or at most next year, I'm happy because I can work and also pay for 2 people to be a waitress at the fruit shop that I've managed since 3 years, I've prepared a lot of things like saving for receptions and of course preparing funds after marriage, the family of the future wife wants a lively party and of course it takes a lot of money, I hope not to sell assets or go into debt and have a simple party.
It seems you are still quite young too huh. But I also don't think that you can already pay the two employees you put in your shop. I think that's really extraordinary because you have become a businessman at a young age by having two employees who you pay yourself and one suggestion from me for you is to keep your business going forever before it gets bigger because if you stop halfway, you will find it difficult to get back up from the beginning. Regarding marriage, I don't want to respond here, even though I personally have been married for a long time. Your effort and hard work are indeed great at an age that I think is still young, but you can already manage a business of up to 2 employees. I'm here because I'm already married and I really feel how happy it is when I'm getting married, but for me life after marriage is even more important because we face social life and build a real family, and those who understand the economic position are ourselves, so we hope we can calculate it with carefully, because many family problems stem from economic problems |
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2023 is the year I found my confidence in bitcoin as I have not check the price of Bitcoin for the past 80 hours, since I am now fully into long term holding giving myself, a timeframe of 2-3 years before looking back on the price but what I will do is to accumulate more Bitcoin as chances present itself.
(....)
I'm not that really confidence in Bitcoin for the year 2023. Since 2024 the bitcoin block halving. That's the year I am more excited. I will not kill your confidence, but I am only confidence for the year 2023 is the last quarter of it or a few months before 2024 as the Bitcoin block halving is the most awaited event for me on Bitcoin. if I am more confident in holding bitcoin, in 2023 or 2024 or so on, I am still confident to keep holding it until I get the profit that I have targeted in stages. there is nothing wrong in predicting, but we must remember that it can happen and our analysis is wrong, so we are not at the end of our hopes, by making a cut loss, because this is BTC which is the safest coin to invest. but indeed, if you look at the current market, it is green and gives us a little big hope, but what we don't know is that this phenomenon is a correction or the beginning of a revival |
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Invest only what you're willing to lose. This is the quote which makes or breaks gamblers to be honest. This quote applies to any area where financial investments are the priority which makes it even more important if you think about it.
Most gamblers who lose and end up destroying themselves ignore this quote completely.
^I did not find who is the first gambler who said this quote or who established this first or it just random advice that must gamblers should not be ignored. We have repeatedly said here and advice to people, "only gamble what you can afford to lose" this quote will remind gamblers not to become addicted to gambling. This is proved that gambling is just for fun not for chasing money, if you do, it will ruin you and probably be the reason for the addiction. However, here is mine from my idol poker player. “Gambling is not about how well you play the games, it’s really about how well you handle your money.” - V. P. Pappy good advice if we can take the positive side. many people say that no one ever prospers or wins in the end from gambling. of course I agree with your words where gambling is just for fun, so in the end you only experience pleasure, even if you win or lose, because we really understand the risks that will be received from gambling. many people are stressed due to losing gambling, because they are profit-oriented and have calculated it, so in reality it is not as expected |
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I am strongly in favour of desktop applications or even web based, as I think that phones are usually to small and I do not really trust much the apps, but there seems to be many people who would rather use their phone. Is that because they do not have access to a desktop computer? It may also be a regional issue, the same as people that do not use a browser?
Well its a desktop for me, just like you when playing on smartphones it's really small so I need a hard time enjoying my game and there are a lot of untrusty gambling apps on smartphones. I like the desktop more because the interface suits me rather than the phone one, usually my phone standby if I want to do a deposit on a gambling website. with a larger display it seems to give us a sense of satisfaction because in seeing it it doesn't focus too much on the small screen. so that it will ease the performance of our brains to carry out activities. On the other hand, using a cell phone is more susceptible to eye disease because it has more radiation than using a desktop, so it makes us more dizzy. but it is undeniable that many people also use smartphones for reasons that are more practical to carry wherever they are |
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"in just a few years, a younger generation of financial services users are going to into a bank and gain access to create ☑️ credit products, savings accounts and investments that can host both crypto and fiat assets. In fact, the inroads that will allow for all of this to happen are already breaking ground. ... Consumers will soon define a “full service” bank as one that offers financial services in both crypto and fiat. The time to start acquiring the necessary tools of the crypto banking trade is right now. The world need it.👌Banks need to start adapting or get left behind. So what do we all think about this Article: https://cointelegraph.com/news/crypto-banks-are-going-to-swallow-fiat-banks-in-3-years-or-even-lessI don't think it will be like that, crypto and banks don't look like it will happen soon, we know the government is playing a major role to make it happen, but until now it doesn't seem like crypto is widely accepted in banks, even to replace fiat which is the identity for every country . we don't know for the long-term development, but I think if it does, maybe generations after us. and currently I am personally only profit-oriented from cryptocurrency |
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Ethereum is a good known project in the cryptocurrency industry. Ethereum (ETH) is a safe cryptocurrency to invest in because eth is the 2nd largest cryptocurrency in the world. So, it’s so much stable & its price will be increasing.
Of course ETH is a safer asset, just like bitcoin, but some altcoins can bring much more profit with less investment. I know from my own experience, that it's a shame to see the whole market growing and ETH or BTCs growing slower. But if I consider long term investing, I would buy ETH. ETH is a trusted altcoin in cryptocurrency, even though it was hit by high fees and rumors that dropped ethereum, but until now ETH is still a reference for the development of existing altcoins. on coinmarketcap, ETH is firmly in second place, and of course with a large market capitalization if we want to invest, of course this is the right way, considering we follow the flow of the market which most people do too |
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They say an old man has more rags than a young person. It means that a teacher has made more mistakes than the student. I couldn't agree more when it comes to mentorship. However, this doesn't mean that the student won't make any silly mistakes, it means that the student won't make the same mistake the mentor or tutor made.
Trading is more complicated than that, it is very possible that emotion can set in and the person being tutored can make the same mistake or even the worse ones than his tutor, but if he can do away from emotion and trade appropriately, he may not make the mistake, also by using low amount of money. Another thing is that it is easy to teach people how to trade, but it is difficult to teach people how to make money from trading, what tells that the tutor is even good in using trading to make money. Emotions are a human side that cannot be eliminated, but we can control them through practice. Psychology really influences trading, even trading coaches will not always be right in their predictions, but of course they can control themselves and be disciplined in the framework that has been set, profit or loss is something that is commonplace in trading. a trading trainer, of course, must be able to explain how to trade correctly |
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I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.
It is not gambling if you want to do the right thing. All forms of trading involves research and you must have to do that. It is when you don't do that you think of it as gambling but it is not. You have your indicators and research guidelines to go through and also the chart is important. Gambling has no chart and it outcome are strictly based on luck. but the option that I'm not interested in is that we have to wait for a predetermined time so we can't stop before the allotted time runs out. this is different from trading, where we freely determine our actions at any time in the market. in options it becomes difficult I think sometimes the market used seems to be manipulated because it doesn't match the market in general. and I don't know if this is called gambling or not, but I think it's difficult to live it |
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If I only have to choose one of them, I rather choose investing in stock market. Investing in stock market has a very low risk if you really have knowledge on it. You will not get liquidated if the price drops. You just wait until the price goes up, but it takes so much time before we gain a lot. Bitcoin trading is really difficult, we really don't know the next move of the market. You will experience losses in trading but if you have a good mindset and strat you will overcome it and gain a lot of money in a short period of time. So in terms of risks, Bitcoin trading is more riskier than investing in stock but Bitcoin trading could make you rich in no time if you really know how it works with proper mindset and good strat.
Both are financial markets and don't say bitcoin is unpredictable, even with the stock market, you can never predict what will happen. The only difference is that bitcoin is much more volatile than the stock market, but the more volatile it is, the easier it is to make big profits. To get a profit from trading based on your knowledge, don't try to blame bitcoin when you don't profit from bitcoin. If you don't like high volatility, then stocks are more suitable for you, bitcoin is not for the faint of heart. there's nothing wrong with the market, whether it's bitcoin or the stock market. sometimes we force the market to always be according to our wishes or analysis. whereas things like that make us destroyed in the market. we can only predict and in the end can profit or loss. but I think it's more about how we manage risk, so that it's not profit-oriented that we will always get on every transaction, but sometimes we also have to be able to accept losses in trading |
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Exactly 5 years earlier I was new to bitcoin and up to 5 years I have been able to generate assets in the form of a house which I think is comfortable enough to live in. it's just that because we are in the crypto market and I focus more on investing, the monthly income is not stable, it's just that if bitcoin experiences a pump, I will immediately get a lot of profit. for trading I have not really mastered it, and in the future I have hope that from trading I can meet my monthly needs
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I observed that the cryptocurrency market is a kind of green at the moment, but as a beginner, I still find it difficult to tell when the market is actually bullish. I will appreciate any advice from fellow community members concerning this current situation because I'm considering to buy some coins but finding it difficult to decide on which coin to give a trail.
Just a kind advice, the risk is mine.
Bitcoin has gone up to $23k, and many people are making predictions bitcoin will continue to rise, I don't know if that will happen or not. But I can tell you that at the current price, it is still very good to buy bitcoin, the price is still very cheap if we compare its recent ATH. Assuming bitcoins don't go up as people predict, you don't need to worry because if bitcoins fall again and you won't lose as long as you don't sell them, you won't lose. But my advice, buy bitcoin and bitcoin only, and say no to altcoins. As long as you buy it for the long term, I don't think there is anything to worry about if you buy at the current price, but for the near term we don't know whether bitcoin will continue to increase or make a correction first. this is experienced by many people when bitcoin hits the price of $ 16k people tend to be afraid to buy it, but if there is an increase like now they are hesitant to buy it, therefore we must have personal analysis, don't just follow what people say |
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There are many theories to make us successful and rich, of course all of these are good things, but not necessarily in accordance with someone, sometimes rich people do the opposite of the techniques above, and this is life because rich or poor is always a mystery and what we have to do is do everything to be successful and rich.
I don't think the concept is like that, success is how a person has a certain goal in his life and then achieves it with all his efforts then he can be said to be successful, while being rich is materially oriented or has a lot of money and living in luxury, of course this is different, I agree if everything we do is to achieve the success of our goals, but I don't agree if everything we do is to get rich because it will have a negative connotation maybe if so your thinking is to be rich, maybe you will do the same thing as SBF being a fraud. On the time that you do reach out that particular state on being rich then you could really recognized yourself that you had succeed out on applying your knowledge and those plans you do have in mind. Its always better and recommendable that you should really set up some goals and targets that you should need to reach up because if you wont really be able to set those things then you are really that like on someone who doesnt really have the path on what you should gonna do, unlike when you do have those perceptive on things or conditions that you are really wanting to achieve then you would really be having that inspiration. everyone has their own views according to their feelings. success is not just material, it is different from being rich, which is calculated from the amount of material one has. so success can be measured by the level of satisfaction of each person, even though the material is not as much as someone who is rich but he can feel enough and be grateful for what he has achieved. there are also people who we view as poor but they feel sufficient, because they do not have the desires of people in general |
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Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?
if I had that much money, of course I would not place either bitcoin or a deposit. but maybe I will use both of them plus other investments such as property and stocks, on the other hand I will open a business to meet daily needs, so besides being safe because there are many fields that we invest in, we also have no difficulty meeting our daily needs. let's say we make rent, then every month we will make money, while property assets will develop, and bitcoin assets also develop with unpredictable timing. and deposits will also provide a sense of security, with small but definite benefits |
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