Gamble with the amount of money that you can afford to lose. If you can afford to lose $2000, then you can gamble with it. If you see gambling as a way of making money, that is the worst indiscipline that you have in gambling, never depend on gambling at all other than seeing it as fun and entertainment and not going beyond that.
There’s no certainty in gambling and that you can make a $100 each day, if you do that it’s like you are living your life trying to believe of what is unbelievable. The truth is, gambling is to make you lose, the more you bet, the more you lose, that’s why it’s better to gamble an amount you can afford to lose, and never see gambling as one source of income, it should always be considered just for fun and entertainment. Indeed. But, I think someone can really achieve these $100 daily profit if we would consider a daily average of profit rather than daily monetary value of the profit. We can never deny that every day isn't your day, it is not always that luck is on your side. But, I think of we can make a strategical decisions in gambling, we can achieve certain amount of profit that is when we view it in let's say in weekly average, we can see that it is possible to achieve that amount. But, gambling is still a game of luck, so no guarantee still no matter what. |
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80% is too high a number for me and completely violates the fact that you don't want to take that much risk. I'd say 40-50% of your savings should go towards investing. So at least when shit hits the fan you aren't left with peanuts to work and live off of. Furthermore, and I saw that a couple other guys in the forum already advised you about this but it's just so integral it warrants being mentioned again, is the fact that you have to be wiser when it comes to committing to investments. Research, learn, and know before investing. It's much better to miss out on a high catch than lose a considerable amount of your investment over a wrong call.
Agreed with these, it is much safer for you to invest around 30-50% only of your savings since 80% is quite high and the risk of what you are going into is high also. Also, I must add that you should make sure that these savings are not alloted to your important emergency funds since it is important to make sure that you are secured financial. If you have barely just have a savings, try to allocate it to different types of fund then go invest a portion of it to investment knowing that you are risking your money in there |
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While Bitcoin may be a popular choice for long-term planning and investment due to its widespread adoption and proven track record, there are other cryptocurrencies that may also be worth considering for long-term investment. Some investors may prefer to diversify their portfolio by investing in a range of cryptocurrencies with different use cases and potential for growth. Ultimately, the decision of which cryptocurrency to invest in for the long-term will depend on an individual's risk tolerance, investment goals, and overall market analysis.
Indeed, bitcoin's long standing proven record of how good is it to be a long term investment is no doubt a good reason to choose the btc trading pair for long term. But we should not leave the fact that other cryptocurrency or altcoins have great potential as well and could be a great way to maximize the full potential of cryptocurrency trading and investments. Diversifying pur portfolio is a good thing so that we could gain more short term profit, but long term will still go to bitcoin. I agree that diversifying your portfolio increases the risk in trading cryptocurrency so we should always be cautious and just invest what we can afford to lose while fully analyzing and understanding the movement of the market. |
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Here I will say that this is just a bit of reality based on what I have seen from my relatives, They retired after completing 60yrs of service in the government, let's say that they will get a large retirement pay, and let's say that they will set up a business and house depending on the payment to be received in retirement. I think they will not be able to enjoy whatever business or property they buy because they are old. But anyway, of course it's their choice and we have no rights to say that their decision is wrong.
This is also true in our country as most people really don't have that choice to retire early since it is really hard to earn and save consistently in this kind of economy. But, I think, it takes good planning and discipline towards ourselves that would let us have a choice on retirement age. But, the sad reality for majority is that they have no choice but to work their whole life since financial planning isn't the strong suit of majority here leaving them no plans for things like retirement. |
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Both are inseparable. If you aim to learn bitcoin successfully, you should gain knowledge at first and put them into practice later on. You should have your practical training on the knowledge that you have obtained so that it will make more sense. Otherwise, knowledge alone would be useless if you are not applying it. That’s the reason why people tend to earn knowledge first and develop their skills through various experiences so that the chance to succeed in bitcoin, be it in trading or investing would be high.
Agree with these as it is important for us to really have a deep understanding with the things that we get into so it is better to know every aspects of cryptocurrencies so that you can be able to use those in what you will do. Experience, on the other hand, is equally important for me in learning bitcoin since those experiences teaches you various lessons that is useful too. Regardless if these experiences is positive or negative, we can have a good lesson with it that we can use the next time we deal with it. So, it is both important to have these both as I too agree that it is inseparable when you really want to learn objectively and learn through your experience which is a great combo to learn something. |
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Trading with emotions as a trader is wrong, it won't yield to any result. Trading with emotions is just as a revenge to gain back money that was loss. Trading needs to be done with a clear mind that is positive, trading with with emotions has exceed just trading. At this point trading it is no longer called trading but gambling just to obtain profits at all cost. If people have the real understanding of trading I don't think they will choose or make decisions to trade in emotions.
It is impossible to trade without emotions, because a human being is not a robot. It is impossible to control all your actions all the time, otherwise you will get "emotional burnout" or overstrain, as a result of which you will make a mistake anyway. You yourself experience emotions while trading, don't you? Most likely, yes. If you want to trade without emotion, set up a trading bot. I agree with the notion that it is really impossible to trade without emotion as every risky thing that we would do, even if we really accept the risk associated with it, we can never deny the fact that there would be an emotion that goes with it. It is normal to have those emotion but we should really know how and when to stop since it is proven that having strong emotions would cause some bad decisions, so it is better for us to have a pause with it so we can think of it further after getting ourselves together. So, it is right to never trade on emotions, thus, at the end, we should be able to control it as we can use every experience with our emotion to better our actions toward trading activities. |
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America makes it very hard or almost impossible for small countries to abandon USD. It has a huge influence in every country and has USAID programs all around the world. If you are not a lazy person and work hard, quality of life in America is great. People in poor countries work hard but rarely earn. So, America tells people of these countries: We are here to help you, to develop your countries, to improve your quality of life. If the government of any of these countries abandons USD, then America will tell their people that their government is corrupt, is doing bad for them, for their children, etc. One may laugh but this is reality, they gain influence in poor countries. Also, one thing that I noticed during my travel in some poor countries is that these people trust USD, Euro and GBP more than their own currencies. I've even heard from some taxi drivers that they save their savings in USD because their local currency has high inflation, etc. People even calculate the value of their apartments, cars and other things in USD instead of national currency.
America has a great relationship with Europe too, which is a huge economy and very developed union. America has great relationship with Canada, Australia, New Zealand, Japan, South Korea. These countries aren't going to abandon USD because things are going well for them with this relationship. The Chinese-USA economy is pretty linked too. So, now think yourself, is it easy to abandon USD? Countries where USA has placed its troops and nuclear weapons, are really gonna abandon USD? If they abandon it, what will be an alternative? It won't be crypto, at least for now! But this will happen, it's only a matter of time, it may be a smooth process, not an instant one because in case it's instant, I already said, America has roots very deep, there is no way they will let this happen instantly. And long-term, it will happen because nothing lasts forever.
I also think of this as America have a great and strong hold to developing countries that they would not want to abandon the USD since more with be at stake with regards to the economy. Also, the long term effect of how the world see the image of America have a great impact on to how most countries see them which is a country that has strong economy and a country that really helps other country improving their economy. But, as what I see today, the image of America is starting to change. Let's see how would these affect them but I definitely see that these would have a negative effect on their image. But for now, it is indeed that America have a strong relationship with major economy in the world and these countries would never want to abandon USD anytime soon as they would want to keep a healthy relationship with these country. |
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Only one word I can think of is 'tax'. It benefits the government, and in a very huge way. While it may be counter-intuitive to be critical of bitcoin and other crypto if you can always collect tax from it, it actually lays the foundation for a lot of things to be established later along the way. It builds confidence on potential investors that can put their money into bitcoin and crypto-related things, which means more money for the government. It will take time, and a lot of back and forth between the regulators and pro-bitcoin, but things will eventually pan out.
I agree with these, I also think of tax when I think of how would cryptocurrency would be of benefit to the government. In our country, I can see that our government is aware on how people can have some sort of salary or profit when dealing with cryptocurrency in any way like trading. So they are trying to tax the profit that people get in here as they see it as a capital gain. But, these is obviously nearly impossible to enforce since most of the crypto users here don't really follow these taxing rules since it is not that strict in enforcing it. |
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In reality, we all spend more than what we earn thou it is not healthy to our financial life. Having a monthly budget is advisable but unfortunately some unavoidable circumstances do occur occasionally that make one spend more than what is budgeted for the month. However, your earnings will determine your budget but to be on a more safer side, one should not only budget for what you need at home alone but also include emergency and unexpected budgets as miscellaneous funds.
I think this is the truth for most of us, if not spending more than what we earn, most are just making money that is enough for every expenses that they need. Some people's salary is just good to make ends meet since it is hard in these days to budget since inflation is still rising but the wages can't catch up so we end up having less purchasing power. Indeed, we should be able to have a part on our salary to be alloted on emergency fund since this is no doubt helpful to anyone. I think it is hard for some to really just go within what your salary permitted you to spend. But it always takes courage and discipline to master a good financial habit so that you can make a good flow of your salary without compromising your overall lifestyle. |
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Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1075222Current amount of Posts (Including this one): 2901 BTC address for payouts: bc1qme0j0hxrxyghzgxfrdd7sat5eehuyatugak2th Utopia Public Key for CRP payouts: C4A070DBFC64F8B96F7A5B1F1F6156C91B605EE2E15AFF180D15575E599D9031 Earned merit in the last 120 days: 12 |
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Current number of posts (including this one): 2900
Rank: Sr. Member
Merit earned in the last 120 days: 12
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Current number of posts (including this one): 2899
Rank: Sr. Member
bech32 address: bc1qme0j0hxrxyghzgxfrdd7sat5eehuyatugak2th
Merit earned in the last 120 days: 12
Thank you!
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There isn't a one stratefy to rule them all. If you want to be profitable you always have to adapt according to the market conditions!
but there are also times when old strategies work again, although at some point you'll have to revise your strategy again while adding the newer ones. as you've have said that it depends on the market conditions, and i still believe that some old patterns are still useful in todays trading style. still for one to become a seasoned trader, you still need to experience more trading patterns or should i say it is the culmination of your accumulated experience in trading. Old strategies added by recent strategy will work better especially if we know how to deal with the market. There's no specific strategy that will work all the time but things will depend on how we apply them effectively. Old strategies aren't actually old, they were just innovated and improved to work better in the current market situation that we have. Applying and trying out new techniques is also part of a trader's learning and growth. Agree since as long as you know how the market moves, you can use different strategies regardless of whether it is an old or new ones. The overall market position would determine what suits to be the best strategy to be employed. No single strategy works all the time so we should be flexible enough to adapt on the changes on the market so we can make our trading be aligned more to success. Explore more techniques to see what works well in different market situation since at the end your experience in these would be a great help to be successful. |
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If you want to combat corruption, you have to tackle it from every angle, not necessarily from young age while the grownups whom they look up to are still deeply corrupt.
They say children learn from their parents, corruption is a phenomenon that needs to be addressed from all angles, from the aged down to the younger ones.
In a very corrupt country the best thing to do is handling it head-on. Meaning from the government down to the masses, no exception. If the government is corrupt, the system is corrupt, the people will equally be corrupt.
The way we combat corruption requires long term action because as what I see multiple generations have been engaged in corruption and it is sad to think that it might be inevitable to stop. It is not only the young generation that should be the focus, but it should also be a part so that we can teach them to have a sense of responsibility in the society. We should let them see the consequences of engaging in it. I agree that we should address it to all people including the major source of corruption which is the government. I am always a firm believer of being transparent in government transaction so that they can know that their every move is being watched by the public so that they end up not engaging in corruption. But, in our country, they do not really want that type of government, so it is not that surprising that corruption is still prevalent in the society. |
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Even professional traders break their own rules sometimes. Despite the application of all the proper mindset needed to succeed in trading, there will always be circumstances where we could commit mistakes and wrong decisions that we might regret which is still part of the learning process. What is important is we are learning from our mistakes and experiences and we correct the wrong decisions that we have made.
An experienced trader who makes mistakes will not be successful, this will only lead to the fact that he will continue to accumulate experience, but there will be little sense from this if he himself violates his own rules. What are these rules for if you don't follow them? In this case, it will be impossible to achieve success, every time such a trader loses money, he will tell himself that he is getting precious experience, but without discipline there will never be a result. I agree since disciplined trader would always think that losses are unavoidable even if you used your best strategies brought by your years of experience. Discipline would make you be patient and consistent with the decisions that you make so that you would really take time in every decision that you will be making. Apart from these, we should always be able to handle our emotions very well in trading. I can see this as a way of also being disciplined since when you try to control your emotions, you can be disciplined enough in doing your trading in the long term. All in all, I think it is essential for a trader to be disciplined so success could be gained in majority of trading. |
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Cryptocurrencies are not gender-based but I observed that men tend to be more interested in the coins also men are risk-takers than women. However, I know a few ladies that are passionate about these coins and are also good traders. There's a Radio station where I live, where they talk about cryptocurrency and encourage people to join, this program is championed by ladies. Cryptocurrencies are for all genders but the Statistics that Men engage more, cannot be ignored.
Exactly, I think that men dominates cryptocurrency world since they tend take more risks than women. But, studies already shows that there is really a great gap between men and women users of cryptos. However, it also shows that these gaps are already narrowing as more women are really engaged. Especially since when pandemic hits, everyone is at home and always online, these peeks the interest of more women on digital currencies since they have time to study and fully know these potential investments. Although, more women are already into it, it is still a small percentage so it is still a small progress in making the crypto world be diverse in terms of gender. |
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For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.
Poverty is part of human life and every country in the world faces this situation. In fact, poverty even teaches us things that we don't know, we learn to make a way to solve the problem that we actually have. It means that it is up to us how we accept the difficulties in our lives. Because every problem has a solution, and bitcoin is just one of the solutions for us to overcome the difficulty little by little. Indeed, but I must emphasized my thoughts that bitcoin investment is risky and should be taken by those who are financially stable. Poor sector cannot really use the bitcoin investment as a way to make their life good since there is a risk in doing this and they do not want to risk the little money that they have. Also, I think most of them would prioritized getting food on their table rather than these investments. Well, I think that is the reality, those who can really invest are the ones who can maximize the potential of these investments so it really boils down first to making your self be out of poverty in other ways before entering the crypto world. |
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I personally was only playing in the minor platform just to satisfy my curiosity about the platform but i'll go back again to play the big one. I do trust a place that has a reputable name. The reputation is not even easy to get it. It needs to be proven so many times.
I will still back again to the big one. I think that the difference between the new one with the old one that has already been tested to be one of the most trusted places is not so big(game, etc).
To be honest, if played in the new casino is not a must. It's your choice whether you are willing to play or not. I'd prefer to take care of my money rather than used it to play in a new place that is not having a good reputation.
I just avoid the possibility of you are just depositing your money, won't able to withdraw it. End.
In my opinion, sometimes people played in the new one caused by they were only feeling curious about it.
I think it is perfectly normal to protect our money even though we are gambling it. We are already risking our money in these gambling platforms, so we should not be adding more risk with regards to the platform's reputation. Reputation of a platform is important to be achieve so that more would really trust. So, when you are just trying to see a new platform, it is better to play small at first to see if it is really a good one. But, it is really better to settle on those platforms that is already reputable enough so that you are risking your money a little than actually gambling it. |
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I would not recommend selling the wife's jewelry unless she wants to, although having that money and then putting it in bitcoin is not a bad idea, because it would multiply the money that can later buy those jewelry again, but making that move with her consent, and well I don't see it badly, I also agree when someone borrows money to be able to invest in bitcoin, this when they can pay the loan, because it is not known when the bticoin will increase, or blaze de price or something like that, but I wouldn't last it is to sell jewellery and buy bitcoin, I would.
After a long thought about ops decision to sell his wife's jewellery to buy Bitcoin, I came to the realization close to what Ops thought before taking this route and that thought is the same as if the jewellery is of value and it includes gold and other precious materials which are convertible into another asset such as Bitcoin then I don't see anything wrong in ops decision even though his decision is a risky one and he may lose a large portion of that investment if the price of bitcoin suddenly slides below his bought price. That way the ops will have to wait for an unspecified time, which has to do with a lot of patients waiting until the price will pick, and in the other hand, ops could become lucky such as now that the price of Bitcoin has risen significantly ops will be at profits right now since he bought the bitcoin at the previous discounted price. This is also what I think since if you think of it the potential of it as an investment you could make its value be doubled someday. But this is still a risk that both the op and his wife need to fully accept. Always consider the risks and its benefits so that you can weigh in how successful you could be when you do this. |
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Talking about benefits, I would say war never brings benefits.
War always brings destruction to both sides. And if I say who benefited from this war then I would say Russia. moreover, in all other fields, all the countries of the world are facing economic crisis. I think this situation is due to the introduction of various restrictions on oil and gas.
When there happens war, each and everyone in the world suffers some sort of economic difficulty. This happens as a result of country's having dependency over each other for some needs. Apart all this the big profit makers or the benefiting one's during the war were the war equipment selling countries. When war takes place big business takes place. Humanely, war will only make everyone miserable, especially the people. but behind the war, of course, there is a separate mission from the rulers who certainly want their goals to be achieved with sacrifices that have been calculated beforehand, so that if their goals are achieved, then they will benefit, and of course they also make cooperation with other countries to supply weapons and other equipment, for example . Agreed, in addition, the people who experience the war especially civilians would really suffer some psychological trauma that I think would greatly affect the mental health of these people. Also, we cannot deny that when a country becomes the war zone area, the existing buildings and landscape will be damage that would just only constitute to costs when the war is over. Therefore, it is indeed that no one would have benefits from these wars. |
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