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601  Economy / Economics / Re: A career - as an employee or a business owner which do you prefer and why? on: May 07, 2023, 09:28:40 PM
Just like the majority, most really need to be an employee at first since not everyone has the capacity to make themselves have all the resources that they need such as capital for a business. Business is a risk so before taking into this, a great paying job as an employee is a great start to make ourselves financially stable enough for us to embark into the world of business. So, personally, I would prefer for now to be an employee since that is the best for my case and situation and I just really hope that I can have my own business in the future since I'm the type of person who actually do not want to be an employee forever.
602  Economy / Gambling discussion / Re: Why do you favor betting on spesific sport? on: May 06, 2023, 11:37:09 PM
In my case it's simple. I don't bet on sports that I don't watch and know very little about.
You can't expect people to bet on tennis or chess, when these aren't popular sports in their country. I'll give you an even better example. In Europe almost nobody watches or plays american football. I barely know the rules. They even call it football in there, but in Europe what Americans call soccer is called football and their football is called American football. Nobody here bets on US football teams because we don't watch nor follow it, but everybody knows how their national football team is doing.
Me too, I won't bet on sports I don't watch or have little interest in. For me betting on matches is one way for me to enjoy the game. And how can I enjoy a game when I'm not watching a particular sport? The atmosphere of the match that I got when I bet was really encouraging for me to watch the match to the end. Yes, even though I lost in the end, it wasn't a big problem for me, because even if I win, it's just an added bonus for me.

Exactly, interest with that specific game is the main factor for you to consider it for sports betting. I think it is common sense that you go with something that you are interested and knowledgeable about so that your winning chances would be higher. So, everything in sports betting is a personal preference as well as your expertise in that specific game. Also, the availability of that game in their country can be a factor, like in our country whose basketball is more famous that footfall, they tend to go on sports betting that is more famous in their country. All in all, it would still go down into personal point of view so just be wise in choosing what you go into and be responsible with every decision that you would do.
603  Economy / Economics / Re: Have a Income? Invest in Crypto or Not? Let's think realistically on: May 06, 2023, 11:08:16 PM
I had my real job apart from the forum and cryptocurrency investments.So it’s my habitual trading of crypto currency with the 30 percentage of my income every month.As like you think,it’s not the easy one to keep add 30 percentage of your salary to the investment.You should ready to keep in mind,when the price reduced also allow us to regain after some days.Some greedy people want to get hundred percentage of profit from their investment with a short period of time.
Having your stable source of income is still a good one, this only means that you can be worry free if the market goes on a downtrend again because you still have the money and you only trade with your extra.

Having that percentage of your salary specifically for trading can also be good, I assume its already a free money and if you are going to trade, make sure you have enough knowledge about it because its too risky not to have the right one.

I agree with these since stable income is important these days to provide not only our needs but also some of our wants. It is important to remember that crypto trading is very risky since uncertainty of the market is there as well as the volatility. So, just take the risk you can so that other important things would not be compromised. I must add that if your allotted 30% of salary that is allotted for investment is making you having hard time in managing your finance then you can try to reduce it to a percentage that can make your financial obligations to be secured so that you cannot worry about that since it would just add up to the emotional experience in trading cryptos.
604  Bitcoin / Bitcoin Discussion / Re: Bitcoin doesn't give you instant 100 percent profits on: May 06, 2023, 10:44:10 PM

They are likely have no experience yet in crypto. Its a normal question for those who want to make money as they are exposed to some influencers who introduced BTC as get rich quick and they are also short term investors. The result of being naive somehow, wait til they hit the bear market in 2026, they will call BTC a scam.


Newbies are less knowledgeable or no knowledge at all that’s why they follow a very wrong mindset. But the moment they start making mistakes and lose their funds, that’s the only time they will learn that bitcoin never guarantee short term profits. Though day traders are making it possible, but if you are a sole investor, then always invest bitcoin in long term as that’s the only you will be in profits. Do not believe in crypto influencers, all they think is for their own profitability.

Agree with these since the best thing to consider as a newbie is to really learn everything and as you go on learning it, you can go on with long term investment first by investing in bitcoin since it is the strongest one among others that could make your investment be secured in a way. It is hard to go on trading without that solid knowledge and experience since you would just end up losing a lot of the money you set aside for this. So, having experience on trading with the money you are willing to lose at first is what you can do so that you can have the experience you need and also you can asses if trading really suits you or are you someone much suited in holding your investments in long term period.
605  Economy / Trading Discussion / Re: Did I can make platform without KYC verification on: May 06, 2023, 10:21:36 PM
I don't believe there are any systems available now that don't require any KYC. While some platforms still do not require KYC for your initial deposit, they will eventually demand that you do so in order to avoid holding your funds and your account hostage while you wait to fulfill their requirements. It's just the way things are in the world of cryptocurrency right now; the majority of services won't let you use them further until you've finished their KYC process.



Agree with these since majority will still need any KYC at the start while other who might not seem to have aby KYC at start would require you to do so in the future. I think that most of these so that they can know that their customers are not to be getting engaged in fraud activities. I think that in these days where technology is very much needed and the rise of digitalization, online transactions would always be associated with KYC since this is their way of protecting themselves. However, we cannot deny that privacy is important for those engaging in crypto. Also, one problem with these is the data protection since a lot of cases of data leak has been going around so the integrity of these
KYC. But for now, what we only can do is to follow since they said it is required in order to use it so that is the only way for now.
606  Economy / Economics / Re: Would you consider moving abroad? on: May 06, 2023, 09:52:41 PM
I think given that todays time after the pandemic of 2020, the work from home or online work setup has been an option to everyone up to these days so as long as you can go through the setup, consider doing it. Rather than go on with all the dilemmas with language barrier, costs consideration and others, you can just continue to be in your own country doing job for international client so that you can get higher than average salary in your country. But personally, I would rather go on abroad since in our country it is so hard to find job that pays good enough and maybe because there is no option to be in a work from home setup in the nature of my work, but let's see what would happen and where will I be in the future but definitely being in abroad soon is in my mind.
607  Economy / Gambling discussion / Re: Do you blame someone for your gambling losses? on: May 05, 2023, 11:22:03 PM
Sad to hear what happened here. But yeah, there are people that would blame others if they lose their money when gambling. And then there are people that would claim that lost they money "by mistake' or someone stole their money (which actually happened in this story that you posted), but it was actually them. When they lost, they realized what has happened, and now they somehow wants to get their money back. Happens more at online casino where players claim that they account was hacked, the game was bugged or straight blaming the casino saying their games are rigged. Not something very unsual.
Yes, usually people who don't want to experience big losses will usually do the same thing, even though he consciously knows that playing gambling is full of risks, but people like this always underestimate the risk. It's clear that whenever playing gambling, there will definitely be risks that must be accepted. whether it's losing money or losing assets, so you better not play gambling if you don't want to play risk it's better to work or become an entrepreneur to earn money.

I also see it strange and funny why people can do and say that casinos are committing fraud even though there have been many warnings that playing gambling cannot make people rich, so play wisely don't play greedy so that when you lose you don't make it as told by OP in this thread.  Cheesy

I agree since those people only blame other others so that they can hide from the fact that they make a wrong decision. They ignore the fact that gambling is a game of luck and although they know that luck isn't always on your side, they still go for their gambling activity and always believe that their next game would be a win ending up for them to lose big time. So, indeed that in gambling world, one should not be greedy to the extent that they can risk everything without taking into consideration their life. We should not be drown to the idea that if someone get rich in this way, you can be too since this is still a game of uncertainty and you can end up in the wrong side. So, always be wise in your decisions and always take the risks that we can really afford.
608  Economy / Trading Discussion / Re: Can Bitcoin trading be my sole source of income? on: May 05, 2023, 10:53:05 PM
As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

It is certainly possible, to make a living from trading but only you can give the correct answer to this question. Everything, exclusively everything depends on you. How skilled you are, how disciplined you will be and how dedicated you will be to the whole job.

Judging by what and how you write, I would rather say that you are a beginner than an experienced trader. In that case, you certainly cannot rely only on income from the trade, because there are no guarantees and you have a long learning way ahead of you. The moment you are ready to be independent and rely only on your trading skills, trust me you will not need this kind of advice from anyone.
Trading is a profitable source of income, but the income varies depending on how skillful and strategic a trader is. The higher your experience in trading, the bigger the chances you might consider it as a consistent source of income. However, if you are starting to trade, and you are still in the stage of learning and developing your skills, then making trading as a main source of income will be very risky that you might incur more losses than gains. Though you can still be in profits sometimes, but mostly you will face bigger losses in reality. So think a thousand times. There’s still a lot to learn in trading, and I think you yourself knows the best answer that will suit for you.

Exactly, the thing with trading is that it takes a lot of time and effort to fully learn it and have skill in it to create different techniques to be successful in it. So the experience is really a deal breaker for you to consider trading as your major source of income. I think it would be a great move if there is a certain job that pays you a consistent salary and then try to incorporate trading as a side job so you can maximize your earnings. In this way, you can be financially secured on your daily needs using your job salary and you can also be able to save and earn and also invest in trading. Also, as a beginner in trading, you should start by exploring it and really having to experience it and know that losses would always be a part of the start since this would help you build your experience to be a better trader in the future.
609  Bitcoin / Bitcoin Discussion / Re: How can we help to Bitcoin education? on: May 05, 2023, 10:25:24 PM
Whether we help spread awareness or not, bitcoin will still shine through even if we don't touch them, it's just only that people are still not ready on how the technology works and omly certain countries are willing to accept the risks included on it. Just like how AI was only a pigment of our imagination decades ago, and now look at where we are today.
Yeah I guess you are correct but its nice for us to actually spread the awareness for the public then its OK to further teach anyone who shows interest in what you are doing, you must not force it bitcoin is optional and if only is any willing before I will volunteer to give them the basics which is involve in using this wonderful technology. I agree that some people are not to accept or even know about bitcoin but you can't generalised this term to actually every one in the society or your local community.
Spreading awareness on bitcoin is really a needed. Whether the country support its usage or not is secondary. Next thing is the value of bitcoin and the usage from common people. People are much in need of technology in the financial system. With time the money value keeps falling whereas bitcoin is not. When we explain the goodness automatically people will prefer to use atleast as an investment. Even now majority of the countries haven't announced the legal status of their country on bitcoin usage, just on personal preference people continue to use.

Indeed, I think best way for more people to be engaged in bitcoin and other crypto is for them to see its potentials, wherein spreading awareness about it is a great way for them to see this. In this time of digitalization, we should take advantage of the wide reach of everything in the internet since it could really help the integrity of the bitcoin and the overall view of the world on cryptos. We just really need to show them that it is far from what the society labeled the cryptos which are just scams but rather some kind of currency that can be used as an investment and a way to make the transaction easier, secured and reliable.
610  Economy / Economics / Re: What define your success, "money, fame or achievement"? on: May 05, 2023, 10:24:45 AM
I think to one point it's money. When you have your basic needs fulfilled and you have a decent home, a car and have all the things you need on table you look for higher goals.
Like our creative persuits. Our prospective for lives. Fulfilling higher goals become paradigm of success.
Money may only be a “means” to make you successful but it will never define a man’s success. For me, I can only say that I have succeeded in life if end up living my life with satisfaction and contentment. Though no man gets to meet satisfaction in our entire life, but we can always be contented even in small things around us. Money may motivate people to be successful in the future, but IRL, it’s the goal that motivate us and not because of money.

Agree with these. I have the idea that success is not measured on how rich you got in terms of monetary value but rather on how you do with life. Money would always be a part of human life to live but it is not enough for us to be satisfied since there is more to life other than this. You might get all the money, but if you made it in the wrong thing, or you might hurt someone along the way, I think you would not be able to truly be satisfied with that success. Indeed, human have constant desire for satisfaction, and we have a lifetime to be limited in single success, so make life full of meaning and little success since in this way I can see that this would let us feel the genuine feeling of success when we got old. So, the thing that I can consider success is the little achievements that I have done through the right way in the course of my life, as well as the succeeding achievements that I can achieve in the future.
611  Economy / Economics / Re: How do cryptocurrencies affect Global Economy? on: May 05, 2023, 12:03:58 AM
In my point of view cryptocurrencies have effect the world positively because cryptocurrencies have the power to completely change how we engage with the world economy. The first advantage is that anybody, wherever in the world, anybody can use the cryptocurrency. Blockchain technology  makes cryptocurrency transaction instant and very secure. Cryptocurrency can provide several benefits to small business, another positive impact of cryptocurrency on society. The low transaction fees that come with cryptocurrency one of the biggest reasons many establishments have opted to accept the digital currency.
I agree that it allows us to see an alternative path that will allow us to make as much profit as possible and that is a good deal, but that doesn't change the fact that we are dealing with a profit that is only depending on the market volatility as well here.

However, when we are talking about using it instead of just investing into it? That makes even bigger changes. Like think about all the people who can do a lot more money thanks to bitcoin right now, paypal used to be considered the best method of payment, but now bitcoin has passed that already, and by a million times more as well. Why? Because paypal is a company and you would have to deal with so much company BS when you are dealing with it, whereas when we are talking about crypto, it makes things a lot better.

I think this shows that the effects of the cryptocurrency is still on a personal level that those who engaged ion it for now get the benefits of engaging to it. So, we can say that global impact of it is still uncertain in the way that it does not have a direct impact on most of the countries that it could have a combined global effect. But, the way the crypto works which offers a decentralized way of transactions have its impact on the world making it realize that these method is possible. It has its own fair share of pros and cons, so let's see if the global economy would really be affected by cryptocurrencies.
612  Economy / Economics / Re: 2023: What money lessons have you learned so far? on: May 04, 2023, 10:52:18 PM
One of the most important lessons I have learnt in 2023 about money is that money comes and money goes do not ever get attached to it. Because it is out of the attachment that brings out a lot of evil vices where you do not mind doing anything even though it is illegal to get it or get more of it.

Another lesson I've learnt is that if you are contented with the money that you have and you deserve more you will get more. More money from me comes through contentment and intense desire. Contentment gives you clarity and desire gives you motivation.

I have same ideology with regards to money. I know that money is important these days since it is the way for us to provide our own needs and wants but we should not let money control us since money is not the only thing about life. Indeed you should never get too attached to it since I still believe that when you do something that you love without hurting others in any other way, money will come for those who will work hard for it.
613  Bitcoin / Bitcoin Discussion / Re: THE VIEW OF SOME PEOPLE OVER BITCOIN on: May 04, 2023, 10:21:18 PM
When you dislike something, you can present a thousand reasons against it. Conversely, when you favor something, you may provide a plethora of reasons to support it. This is also true for Bitcoin. At times, a few individuals may oppose Bitcoin, resulting in a multitude of reasons against it. The most common excuse is its volatility. However, we acknowledge and believe that Bitcoin's volatility is what makes it the most popular. Holders and traders can benefit from this volatility, which is why they prefer Bitcoin. I am not concerned about other people's opinions about Bitcoin, as I have a thousand reasons to like it.

Agreed with these because some people have their mind stamped with the idea that bitcoin and any other cryptos are nothing but a scam. This results from the cases that they have seen where people have lost their money in their digital wallet and other have seen people that lost their investment when the coin that they invest in crashes. You cannot actually blame them for their hesitation since the very nature of the crypto is a clear reminder that it is a risky activity. So, take the risks that you can afford. Also, I agree that we cannot push those people to change their mind, just do and go on with investments in crypto and let them see its potential so that in the future they are the ones who would assess their view on these digital currencies.
614  Economy / Trading Discussion / Re: Is it true that this AI is good for trading? on: May 04, 2023, 10:02:33 PM
Some traders are now willing to use AI for trading and some don't think AI is always appropriate for trading. Because this AI will be trading by depending on an algorithm it is not possible to get instant changes on recent events or other things automatically. I am not willing to use AI in such activities.
Preferably a trader can use AI to validate a trading setup which I think is far better than relying solely on AI alone, there are instances where price defies Technical and Fundamental analysis let alone AI which relies on Algorithm, there are bound to have inconsistency in profit if a trader rely on AI for trading, of course there are few YouTube videos featuring AI trading personally I think the owners of those videos are looking for more numbers of views to make money, some years back bot was also introduced to trading it outcome was nothing to write home about, personally I trade manually with any automation if deploy AI to my trading I can only use it as a backup.

I agree with these because as we have advance in our technology these days, it cause no harm to take advantage of these and try to use it for the things that can help us just like in trading. But, I view it as a helping tool rather than the sole basis of every decision that you make. Human capacity for judgement is still more advance than AI so what we can do really is just to use it as an aid for us to see how would the AI decides and makes some judgment on it so that you would not be so reliant in it. I think that trading is risky enough and if we make the AI trade for us make it more risky so just take advantage of it since it has its potential as well.
615  Economy / Services / Re: [OPEN] 🔥🔥🔥 COINSLOTTY SIGNATURE CAMPAIGN – 100$ p/w, funds escrowed 🔥🔥🔥 on: May 04, 2023, 03:58:42 PM
Applying for Sr. Member rank:

Current amount of posts: 2956
EARNED merit in the last 120 days: 11
BTC Address for payouts: bc1qme0j0hxrxyghzgxfrdd7sat5eehuyatugak2th
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Thank you!
616  Bitcoin / Bitcoin Discussion / Re: The major role of cryptocurrency in promoting financial inclusion. on: May 03, 2023, 10:33:36 PM
Quote
Cryptocurrencies are new compared to Fiat currency, and so is their market values volatile. However, their volatility comes with prospective good gains. Another benefit is cryptocurrencies can be use to reduce payment sorting costs, giving room for small businesses to retain in their possession more of what they get and significantly increase in the rate how fast they get paid. Crypto may serve as another effective possibility of choice or making asset equal to cash, this might be lower over time due to inflation. It can further aid stronger control over the capital of such enterprise to cope with the risks and opportunities of direct involvment in digital Business.

I don't understand some of the stuff you are trying to say, OP. Did you use Google Translate? Grin
Crypto prices are volatile not because cryptocurrencies are new, but because most cryptocurrencies are scarce.
You are coming up with the assumption that the crypto prices will keep going up forever. I don't know what will happen with the cryptocurrency world in the distant future and I'm not that optimistic.
I don't believe that adopting crypto payments would reduce the costs of the small businesses. At the end of the day, they will have to convert the crypto to fiat, which comes with it's own transaction fees.



Same thoughts regarding the reduction of costs since I think the volatility of the crypto could be a factor on how the company's profit would be. The profit could be lower than expected when the crypto price also falls so there is this kind of hesitation for some to rely on this ending up for them to still use a more consistently valued payment which is through fiat money. This would make them convert their daily profit to fiat so that it can be a stable value but doing so requires fees so the cost would not that really be reduced. Also, to answer the OP's main question, I think one of the function of it is financial inclusion but it has a lot of things to offer since it can help you have financial security, easy transactions, and also as a form of investment to be financially sound in the future.
617  Economy / Economics / Re: does bitcoin help in your economy? on: May 03, 2023, 10:00:59 PM
It is possible that individuals who benefit from investing in bitcoin can help their economy and their family. For example, if someone invests in bitcoin and earns a profit, they can use that profit to support their family and invest in other areas of the economy. Additionally, if more people invest in bitcoin and it becomes widely adopted, it could potentially lead to positive changes in the economy as a whole.

Also, some also uses their profit it crypto trading and other sources from it to start a business. In this way it can help the economy to grow more since it is a fact that small businesses have a great impact in the economy especially in our country. Also, it can be a form of employment for those who does not have job so in that way it really minimizes the unemployment rate unofficially since this cannot be recorded by the government. Lastly, bitcoin and crypto awareness that makes them engaged in it making the people more financially aware and included so that they can make them financially secured in the future
618  Economy / Trading Discussion / Re: Trading or investment! What's your take? on: May 03, 2023, 09:43:23 PM
I always prefer investment over trading, but that is personally about me and nothing about other things. I know that it is going to change a lot when the time comes but we should not be shocked at trading becoming a lot better, and there are some people who can trade and make a lot more money for sure.

However, consider this, if I buy at 40k, and it goes to 60k and drops to 20k and goes back to 40k, I broke even right? Yet when trading, I may buy at 60k and sell at 20k and make a huge loss, or buy at 20k and sell at 60k and triple my money that way. This means that the same market could have so many different results for so many different people and I fear that it would be a long time before I could be the good one, so I stick with the investment.

This is an interesting take since I agree that investing is still much safer way of getting profit in the long term. In trading, you do really have bigger risks all the time since the market is really volatile and the prices are sometimes unpredictable that we are caught off guard with a lot of losses. But, this has more opportunity to earn more profit as well if you are knowledgeable enough and experienced enough to take advantage of the market regardless of its position. All in all, both has its own risk, so you just have to choose what works for you and how much risk are you willing to take.
619  Economy / Trading Discussion / Re: Beginner mistakes and how to avoid them on: May 03, 2023, 09:21:03 PM
Those tactics are for people who are quite new to the trading scene and are waiting just to get rekt. There are a lot of newbie traders that are going into the market head-on without any safety or any precautions before investing. They might lose everything in one swoop and that could really happen. I think we all have those days and the goal should be to prevent that.

The best way to win is to be consistent and not be emotionally attached towards the market sentiment.
It must be admitted that there are still many beginners who trade naively,
i think they need to learn more and understand what crypto is like,
because otherwise it will be a waste of time only and will lose easily.

Indeed, some just really don't know what they enter making them more losses than gaining profit. Trading involves risking your own money so we should always be careful and have plan before doing it so that we can get the desired results that we want. Mistakes as a beginner is normal yet we can minimize those mistakes by really training yourself, equipping yourself with knowledge regarding crypto, and really putting an effort and time to do it since it does not happen overnight that you can master trading, you should take your time to learn and have experiences and again learn from that. Also, emotions plays an important role in your decisions so learn to manage it so that it cannot affect your decisions in any negative way possible.
620  Economy / Economics / Re: Saving one third what you earn monthly is not that hard, isn't it ? on: May 03, 2023, 08:55:11 PM
Is this possible based on where you live ?
It is very possible but there are some certain factors that will determine the possibilities. Factors like how much you earn, the area you live at and how disciplined and how determined you are to save. For instance, if you live within the Business District where the rent is high and cost of living is also high, it will be a little bit hard on you especially when your earnings almost equals your expanses.
Another factor is the kind of life style you live.
If one wishes to save more for investment, discipline is number key and determination.

Agreed with these since many things should be considered for it to be possible. Saving one third of your salary is a significant amount of money and some can really afford to have this kind of set up. But, it really wont work with everyone as some have other responsibilities other than their own making it hard to allot that percentage of their salary for investment. So, consider your responsibilities, as well as what lifestyle do you have in allocating since I think you should not be hard on yourself when investing in which you should not let your needs and some wants of yours to be compromiosed.
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