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61  Economy / Trading Discussion / Re: WHERE DOES THE PROFITS FROM? on: May 04, 2023, 09:19:48 AM
Most common mistake for newbies and even for intermediate traders is the mentality of chasing the bottom and the top when buying or shorting on futures or even on spot. Chasing the absolute bottom and high price on the market when trading is equivalent to chasing miracles and a bit of gambling. Even the most seasoned traders cannot pinpoint the bottom and high prices perfectly and I bet that most don't even bother stressing themselves out chasing those prices. What these veterans do instead is device a good trading plan and stick to them regardless of fud or hype. Which have made them gain tons of profits and minimal losses from the mistakes of most newbies and intermediate traders.
62  Economy / Speculation / Re: Thinking about what caused the flash crash? on: May 04, 2023, 09:01:25 AM
It sure has been a wild couple of days for the market due to this news that most of the people don't even bother confirming since aside from the newbies, most of the veterans would rather ride on the rumors that are big rather than stress out on the small details. Well, at least the movement of the market is getting better slowly and still looking bullish. On a side note though, seeing all the screenshots on my social media feeds showing their gains, the swing traders must have been having a great time during the recovery days up to now, lol.
63  Economy / Economics / Re: Investing Addiction. on: May 04, 2023, 08:05:55 AM
This discussion is not about gambling, it is about investing, but I will use gamblers to make an example.

Using gamblers as an example who start out with just the intention to have fun maybe and then along the line turn into addicted gamblers that gambling begin to affect other areas of their life like their wellbeing like they stop spending on some important things just so they can make money available for gambling. Now talking about investing, I think it is possible to become addicted to investing so much that it begins to affect your wellbeing, like the person stops spending on other important things like good food, good clothes etc. just so they can have more money to invest? Do you consider that kind of addiction dangerous and not good?


While it may be easier to think that having an addiction towards something that is positive or productive is better than having one's self addicted to detrimental or bad things, we cannot rule out the fact that anything that is too much is never good for anyone. Regardless of how much of a great thing a productive addiction provides, if it hinders a person from living a well-balanced and fulfilling life, it will never be a good thing. Thus, we can say that the kind of addiction you are talking about along with all the other addictions out there are dangerous and not good for anyone.
64  Economy / Economics / Re: Food Crisis - Improved, Worsen or still the same in your country (No Change)? on: May 04, 2023, 07:29:12 AM
From the country where I'm residing, there are hardly any food shortages. Although it does happen sometimes on specific types of food like meat or some vegetables, it doesn't happen often and does not last that long. The big problem though is the price of these food. Heck, even the price of spices are soaring every now and then and only goes down for a bit then goes back up again after a short while, sometimes even higher than before. So even if not lacking in supply, most families have problems when it comes to food in this country nowadays.
65  Bitcoin / Bitcoin Discussion / Re: Bitcoin mixing is NOT money laundering, per se on: May 04, 2023, 06:49:07 AM
Indeed, Bitcoin mixing and money laundering are two different things. But the problem here is that the line that separates both is very thin. Plus the fact that the goal of these two are somewhat the same which is hiding traces or origins of the funds through a variety of ways. Thus, giving the government and authorities the sweet excuse to pin down such services as much as they can. It doesn't even matter whether the reason is just or only for the sake of personal gain of certain individuals. As long as there is a chance for it to be used by criminals, the authorities and government will always take advantage of their justification of protecting the people to give Bitcoin mixing service providers a hard time in every way possible. The only thing we ordinary people can do is to support these type of services in our own ways and look for workarounds that would help us keep as much as we can of whatever control and privacy there is that we still have left.
66  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bounty] [Stage #3] Second Live | 🚀 Open for everyone | Stake $BEANS earn $LIVE on: May 03, 2023, 03:05:18 AM
#PROOF OF AUTHENTICATION
Bitcointalk Username: Similificator
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=989056;sa=summary
Bitcointalk rank: Sr. Member
Current post count: 1194
BEP-20 Wallet Address: 0xEBE8703DaA2254339bb99c44b76eA9c9EbB17561
67  Economy / Economics / Re: Concers About Going in Business with a Friend on: April 26, 2023, 10:43:26 AM
Many years ago, I heard the story of a man whose business partner did dirty. They were business partners for almost 5 years and the suddenly the business partner left with company's money. Even after several years, this man didn't recovered. He ended up sounding it as a warning to his kids never to go into business with anyone. The trust was destroyed and never recovered. This is just one of those sad stories.

On the other hand, there are many success stories of friends who went into business together and succeeded to together. If you have ever gone into business with a friend, what were your biggest concerns and how did work through it.

It really depends entirely on the people involved.

And if you are wondering whether you should do it or not, then I suggest that you think about it more carefully. Usually, personal relationships and business do not mix well which would make anyone think that it'd be better to never do businesses or investments with friends or family since this would save not only your capital funds but also your relationship with them. In some sense, this kind of thinking does make sense, but this does not apply to all scenarios/situations. For instance, if a friend or family has the qualities, skills, temperament etc., that aligns with your standards and trust that it would benefit the business or investment you are planning to make, then collaborating with those people would be the best decision. Again, it really depends entirely upon the people involved, that's just how it is.
68  Bitcoin / Bitcoin Discussion / Re: Apple removes Bitcoin Whitepaper in the latest beta version of macOS!! on: April 26, 2023, 08:37:50 AM
We can assume that someone from Apple put the Bitcoin Whitepaper in MacOs without informing Apple officials. That's why Apple never announced that MacOs have Bitcoin Whitepaper in them. Nobody knew it was there for a couple of years. When people discovered this, Apple must ask their engineers who did that a couple of years ago. I don't know what happened, but maybe Apple officials didn't like it, and now they want to remove it from their future MacOs. Don't count; I am right here. It's all based on my assumption.

Seems reasonable, but if really so, I wonder how such a thing would slip through their security though. I mean apple seems to be quite strict about almost anything that relates to their products.

- Maybe we can also assume that apple wants to play it safe and not get into any biases that may affect the popularity of their products or maybe they have another plan in mind or something. Whichever the case, it didn't really serve much purpose for the majority of apple users anyway so maybe apple just found it useless to keep and just decided to get rid of it.
69  Bitcoin / Bitcoin Discussion / Re: The Dormant Address have been woke up, Are you worry? on: April 25, 2023, 02:51:54 PM
Kinda scary, yes. But not to an extent that would make any sane person get rid of his holdings. Besides, there can be many reasons as to why these investors are moving their Bitcoins only now after all this time like going for a more secured storage, dividing their coins on different wallets, getting prepared early for the upcoming halving, etc., etc. And even if one of the reasons is selling, it would be their loss in the long run. That is, if you aren't a trader that overleverages. Also, thinking about these hoarded Bitcoins being able to get circulated again is actually a great thing for Bitcoin.
70  Other / Politics & Society / Re: Who is losing? Finland joins NATO. on: April 25, 2023, 02:08:56 PM
As if the Ukraine incident wasn't a big enough headache. And now another thing is about to muddle the waters even further. I don't even care about their reasons anymore, there's just no reason good enough to justify this madness. I just wish leaders would be more mindful about the majority of the people that'd be affected by their decisions rather than focusing on their EGOs or deluded principles. Such scary times, sigh.
71  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH Back in 2021 Form ;) on: April 24, 2023, 03:36:38 PM
Honestly, Ethereum is ranked #1 in my best altcoin investment list. And since I really expect great things from Ethereum, I would rather invest the majority of my altcoin allocation funds on Ethereum than on other altcoins out there (I still do this in moderation though just to be clear, Haha). Which is why I only have always had a few altcoins in my main portfolio. Although not a day trader, I try to always find good opportunities to buy back some Ethereum Just a few days after taking profits. The only times I avoid touching the buy and sell buttons on Ethereum are on times when the whole market gets too volatile or goes sideways for a long time (I usually wait for indicators before jumping back in on seasons like such).
72  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your favorites altcoins these days? on: April 24, 2023, 02:49:29 PM
There are actually quite a few new altcoins other than the ones that I have already been holding for a good amount of time. The ones that I currently have that I did not invest a lot in yet are  Filecoin (FIL), Neo (NEO) and Conflux (CFX) (may also get a few from the ones getting mentioned in this thread after reading a bit about them). Aside from these, there are also a couple of shitcoins that I bought dirt cheap and listed on a different portfolio just for the sake of speculative gambling, lol. And although I don't day trade, I do look at the prices and news every once in a while about the main coins that I hold just in case something big enough happens that would affect their prices massively. I already learned my lesson from the sol and luna incidents in the past. haha xD
73  Economy / Speculation / Re: When to buy one time off bitcoin. on: April 24, 2023, 01:55:46 PM
It actually depends on how significant a halving would be. This will determine the popularity of the halving itself which could somehow impact the price of Bitcoin weeks prior and after the halving. The duration of the price movement upwards or downwards may also continue depending on various factors like economic or crypto related events. Anyway, I think it would be best to buy little by little when possible rather than wait till a few weeks before or after the halving. This isn't a financial advice though, just sharing what I myself would prefer to do after I figure out what the possible bottom may be in the coming weeks since it's quite hard to make decisions right now seeing how the market is currently moving.
74  Economy / Economics / Re: G20 Meet - Always consider Crypto as problem to the monetary world. New update on: April 24, 2023, 01:20:13 PM
~

Ikr? Which is probably why most people aren't even taking this news seriously since they already know that it would be quite difficult for the parties involved to make the best decisions that would really give the best possible outcomes not just for the parties involved but also for the entirety of the people currently in or are still about to jump into this industry. Honestly, the only thing I am interested about is what ridiculous policies they would come up with so I can have myself a good laugh while also being prepared for whatever changes I may have to make if needed be on my trading plans if the market gets influenced in some way due to this nonsense they're pulling.
75  Bitcoin / Bitcoin Discussion / Re: Why do you want bitcoin to stay? on: April 24, 2023, 12:36:53 PM
Although I cannot say for sure about what others think, I believe that the most common reason as to why Crypto enthusiasts wants Bitcoin to stay and flourish is because of the fact that we have already experienced the benefits that Bitcoin provides to its users. Like privacy to an extent, profitability, ease of access, less hassle with transacting from all over the world, etc., etc. Although there are some negative sides to it, most of the time these negative sides are mainly caused by a user's negligence, lack of knowledge or carelessness and not by Bitcoin itself. While humans never really needed Bitcoin, those who have already experienced it cannot easily let go of it anymore.
76  Bitcoin / Bitcoin Discussion / Re: Inactive BTC whale transfers $8M worth Bitcoin After 10 years Inactivity on: April 23, 2023, 12:20:44 PM
There could be countless reasons as to why the owner decided to move funds just now and not when the price was skyrocketing. The owner may have been well of financially and decided to not touch the funds if not necessary, or maybe he forgot his keys and managed to find it just recently. Whichever the case, this is a good thing since this just proves that not all inactive wallets mean that the coins within them are forever lost. And also with this, some hoarded bitcoins gets circulated in the market which is great for bitcoin in the long run.
77  Alternate cryptocurrencies / Altcoin Discussion / Re: Contract Addresses: The need to be more cautious on: April 23, 2023, 07:06:47 AM
It is quite alarming to see how hard working these scammers are in finding new ways just to scam others when they can just put these efforts in other things and be more productive earning in the right way. If you think about it, isn't it such a waste of knowledge and talent?

Anyway, I never knew that you can now generate addresses that are similar to other addresses. I used to think that addresses being generated per wallet are completely random.  And depending on how the contract was coded/created, this may be just a prank and also a study to record data on how effective it would be to use as phishing and stealing crypto online. Anyway, seems like the crypto people now has to be more careful and give extra effort when sending funds from one wallet to another.
78  Economy / Trading Discussion / Re: Can old trading strategies work again? on: April 23, 2023, 06:47:59 AM
Thinking about how trading strategies need to always be changed and how one strategy may not work for a long time, what do you do with the strategy that you are about to change. do you just forget about it completely once a new strategy starts working for you? or do you keep it in remembrance for the future. If you have experienced this before; has any old trading strategy that you decided to apply work for you? Is it possible that old strategies may work in the future again?

What I do about the strategies that I need to change when it becomes unsuited for certain market conditions is that I only modify them a bit with the new good ones that I encounter I simply dissect all strategies currently available at my convenience and rebuild myself a new one combining good parts from each strategy while keeping aside the other parts in reserve so I can pull out the appropriate ones depending on the situation. And for the parts that really doesn't suit my trading style or my preferences, I just discard them to not distract myself from my current strategy. It is vital for a trader to stick to his trading strategies and plans and not get distracted with other strategies so as to avoid making clouded decisions that can eventually lead to tons of losses or missed profits.

There are several strategies that I have been keeping and still are using right now but would take forever to mention then explain since I don't just do one type of trading. So, I'll just talk about the simplest one that worked wonders for me ever since. Which is trading and holding long term on spot. How my strategy here works is buying small amounts of the coins that are suited for my standard as an investor whenever there are available funds, setting aside more funds for DCA (just in case the need for it arises), not going against the flow of the market, not getting swayed by the overexaggerated hype and lastly, sticking to my trading plan no matter what (you should at least have that much confidence in the strategy you have built before even using it) unless some unexpected REASONABLE situation arises that requires you to act otherwise.

And yes, some strategies from the past may work for certain situations in the future (at least a few parts of it if not the whole strategy) and I have proven it by experience on several occasions.

Hope this helps, good luck op.
79  Economy / Speculation / Re: Will Btc get to $12k or $10k on: April 23, 2023, 06:18:56 AM
~

The most common things that give headaches to most of investors (if not all) in this industry is chasing the hype, going against the market, doing futures while over leveraging, falling in love with their coins, not preparing extra funds for DCA-ing and investing amounts that they cannot afford to lose. If an investor or trader just avoids doing these things while equipping himself with the proper knowledge before even testing out the waters, I believe there won't be lots of things to worry about for that person. In fact, with patience, profits are assured for such a person in the long run with less stress and overthinking, lol.

On a side note though, we still have 25k levels which is quite strong so it's quite unlikely to see such drastic drops as to what OP mentioned. But just in case, it would be best to prepare funds to buy more just in case Sh*t hits the fan again.
80  Economy / Economics / Re: G20 Meet - Always consider Crypto as problem to the monetary world. New update on: April 23, 2023, 04:37:15 AM
Despite their efforts, I already sense that this thing they are pushing will not work as what they envision it to be. This is simply because each country and its citizens view Bitcoins or the whole crypto currency industry as a whole differently from each other. Not to mention the fact that each country has different economic status and problems which makes it even more difficult to have mutual decisions on how to deal with crypto currencies. To some countries, crypto is advantageous while to others, detrimental. How can we expect unison with such differences? Not unless these countries agree on a compromise that does not give too much benefit or loss to any of them which is too unlikely if not entirely impossible due to personal interests fueled by greed or deluded principles.
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