Good and experienced traders know how to deal with the risky that futures trading has. But OP is giving the reminder to the newer ones that are aspiring with futures and are optimistic about it.
How many times did we see people that have jumped into the bandwagon of futures just because they've seen good traders earned decent money from there?
It shouldn't just because of you saw them make nice chunk of money through futures but understanding the whole thing about it and how you shouldn't be going along with it unequipped with knowledge.
futures really need proper knowledge if someone doesn't want to just suddenly went bankrupt, thats the thing with future, some people even deliberately forcing themselves to use 100x which honestly too much of a risk, even more so for someone that doesn't even have sufficient knowledge about how the market will turns out to be. future is only for those that knews well they could be losing money and they could also be earning so much. it depends on one strategy but rarely I see some retailer traders that could have foolproof strategy sometime its just beginners luck and pure luck the other times. There's always the wrong idea about futures because it's wrongly advertised by influencers as it seems to be an easy way to make money in crypto and trading isn't a complicated thing. I do understand that they're educating that it isn't only the stock market and forex that people can trade. But this is a dangerous way of introducing it to their audience and making it look very easy to trade crypto and much easier with futures. That's like a suicide to the newbies that have been influenced that way because it is utterly wrong. They are really just simply doing those things for the sake of trying to hook some referrals or someone who would really be that signing under their links on which it is really just that too rampant on seeing these things on social medias on where these people would be putting and showing up with those thousands of % of PNL into their ports and showing up some huge leverage on which into those noobs who do able to see up those numbers specially on the profits that had been made then they would really be that basically becoming that impulsive and would really be having those thoughts on point that they should really be that following that man and this what makes a really an advantage into those people who are really that flexing their gains in socmed. As for us who are already that experienced then it is really that pretty darn obvious that they are really just simply flexing those things but not really with their losses on which it would be normal. Dealing up with futures is never been that something that could really be save you up on making more profits than with spot but if you are really just that a newbie then it would really be always that wise that you should really be sticking into something much lesser risks. It is really just that there are ones who are really that too impatient and doesnt really like to see small gains and this is why they do make themselves that too desperate. |
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I just came across another topic about how to start betting on sports, and as I was reading and researching, I came across something that suggests considering taking online courses on sports betting, aside from reading books that provide in-depth knowledge and strategies to improve betting skills. Is it true that such offers are available on the Internet? Are there any free options?
I have tried betting on sports a few times, but I know there's a lot more I need to learn and understand. Has anyone here encountered such courses or have any knowledge about them?
I know I could search for this information, but I'd like to hear your answers or opinions directly. Thank you.
I dont know if it does exist or not but simply just thinking on what sport betting is and basing up into your own understanding, you wont really be needing any courses for this one since you could really be able to eventually learn if you are really that eager on jumping on sports betting thing. We know that each person does have different interest and knowledge on the sports that they are dealing off with on which means that ideas and awareness on a certain sport would differ into each person. In speaking on the operation on making up bets then its not really that too complicated on how to bet yet instructions are really that straighforward or simply does really need up some usage of your common sense for you to be able to make one. It doesnt really need up that kind of technical knowledge because you would really be able to do so. This is why it would really be just that better that you do really skip out that kind of idea in mind that you could really be able to join up some courses just to make yourself a sport bettor on which honestly you could eventually make yourself directly even just having that knowledge on a particular sports and made out betting into those known platforms which it doesnt really cost you and arm and leg. If you are really that tending to make yourself that enhanced or more knowledgeable then most of informations that you could get or obtain is can be seen through the net. Its totally free and there's nothing that you would be needing to pay on. |
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I am a 20-year-old student. Not long ago, I heard a famous cryptocurrency expert in Korea on YouTube. He said, "Bitcoin investment seems to be late, to be honest. I'm sad, too. I think 2018 was the last chance for ordinary people." This makes me feel depressed. That expert started investing in bitcoin in 2013, and he encouraged his acquaintances to invest in bitcoin, but at that time he said everyone thought he was crazy. Honestly, as an ordinary college student, the price of bitcoin now feels too much to buy.. If it's the price of the early 2010s, I might have bought it through a part-time job.. I'm so pathetic and depressed because I didn't know Bitcoin quickly. What should I do?  You aren't the one mate on having those kind of regret that they had just missed out Bitcoin into those early days or years on which they could accumulate coins for something cheaper but well whats done is done and there's no way on turning back the time. In speaking about investing with Bitcoin, then its never been that too late. Why? you wont really be necessarily be buying a whole coin which you could really be doing or done it via few satoshis on which you could really be still able to save up for long term. If you are really that longing for those long year holds then it wont really be that a bad idea considering on the potential of Bitcoin then you could really say that it would be worth it. If you are someone who does really like to see short term profits then holding isnt for you but rather you would really be needing to learn another skill which is trading.On this say, you could still earn money via playing with those movement of profits or simply with the volatility but we do all know that it isnt something that could really be achieved or gain by someone in a short period of time.So its a matter of choice on what path you would really be that taking. |
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Two things came to my mind after reading OP's story.
The first one was of my friend who is in a similar situation. He bought an apartment but can't find money to furnish it, so he ends up paying rent for it while not living in it, which makes his finances even worse.
Why can't he move? Because he spends all the money he earns every month. He has loans to pay, buys expensive stuff like motorcycles, clothes, eats out... He's a spender and he's never going to save up enough money to remodel the apartment.
The second thought is about OP's friends. When your friends leave you because you have less money, they were never your friends. It's good that they taught you this lesson before you lend them money, or before you started a business with them.
Money management might really that sounds really that too basic but this is something that cant really be done by most people specially on the time that they arent on a tough situation or really that struggling on which they would really be that definitely wont really be minding about on the things that they are currently dealing with on which as long they do have the money then this is what mattering the most. They would really be buying and doing all the things that they do have in mind without considering on saving up on trying out to fix up things or prioritize on something that could bring up more income but instead they would really be sticking into those things which brings up leisure. Its not really that bad on spending up some money with those things as long everything would really be that in moderation.You cant really that make yourself to be having that stability to last forever on which considering that there's always those times that you would experience problems and if you havent made out some savings or financial back up then it would be simply telling you that "Youre fucked up".  |
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since the amount already grow more than a double, it only means he is about to win huge so why cashout instead. it don't make sense. they only do that when they are not confident anymore but usually when they cashout its almost guaranteed more than half the amount is lost.
if it were me its a win. and let the game end to celebrate victory. the odds is quite not the teams favor actually so he is rooting for the underdog.
Once we won a big amount of money then there's a possibility that it will doubled or trippled and if it will happen then we can cashout it all away. If we do not want to cashout and then we risk our money there's a high possibility that we loss all our funds. So it's better to think twice which is better if we are gonna cashout right away but it's up to the gambler if he will withdraw or take a risk but there's a high chance of loses. But for me cashout is the best option. However, in my opinion, if someone gets a big win, they will most likely increase the bet value because at this time greed will take over them so they are not satisfied with what they get, of course this will be bad for them by increasing the value of a small bet to possibly get a bigger win. It's true that you said it's up to them although withdrawing everything is the best option but it seems difficult to withdraw everything because those who are dominated by greed think this is an opportunity for them to get bigger. However, many of the gamblers I think will return to play by increasing the value of the bet because of the dissatisfaction they feel even with the risk of losing back the winnings they get, I myself think that winning big and increasing the value of the bet will actually spend everything they get back. Because opportunities don't come twice. Greed is something that it is really hard to control and does really need up that internal discipline and really that mindful about on the things that must done. Easy to say but it is really hard to be done on the time that you are on such situation on which there's no way that you could really be able to make yourself that able to do such thing on point. On the time that you are on such condition seeing that your bet is winning and would be having that early cash out opportunity then for sure it would really be that disrupt up your initial plans considering that you would really be thinking about those probabilities of comeback and might be resulting into losses of those bets which you do see that it is really that a sure win but we know as long the game isnt over there's always a chance or tendency for comeback. Somehow, its none others business on what you would gonna do with your bet since its your money and you do have the full rights whether you would really be pushing it through or would really be cashing it out earlier. There are really just those people who cant really just that bare up the risks and would really be going on the safer side of things but we do also know that there are really people who are really that risk takers and could really do able to bare up with those risks involved. |
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If you can carry Holding long time there is no need to doubling your investments
Because your funds will make its way to multiplier even how many than just doubling and also why bother to
add more when you are safer and contented in how much you are going to risk? remember that this market
is about risk and trust and also what we keep telling newbies to "Invest what you can afford to lose"
so why need to add more ?
another thing is that you don't know where is the right timing , so buying one time big time is for me the most appropriate and
more favoring still.I bought mine last year (though i still have some sitting in my wallet before that purchase) but I kept holding
and waiting for the perfect timing to sell them all, maybe in the next bull run effect that will settle late part of 2024 or
the last early quarters of 2025.
We know that people wont really be just that easy trying out to make x2 with their holdings but this is actually that we would really be normally be asking for more on which it is really that a common approach and which we know that there would really be people who would really be preferring on choosing altcoins rather than on sticking with Bitcoin basing up on the multiplier that they could get then it would really be just that a normal approach that they cant really be able to possibly get with holding on Bitcoin alone but there's no doubt that when it comes to assurance then we can somewhat really that trust up to Bitcoin which we know that confidence is really there. Doubling investment with Bitcoin? Yes, its possible and could be achieved or even more but doesnt mean that you would really be just limiting yourself into a single investment on a single coin. You could really always have the option and choices whether you would really be considering other stuffs as well like altcoins or other projects which you do seem for it to have the potential then you could really be having the choice. let them stay in altcoin and besides it is their money mate and we have no power against them so if that is their decision then be it, but mine? I only have some few of it that i tried to use as diversifying strategy,like what have said , there is no problem if we are to double our investment but the question is that are we ready for sideways? because there are no complete assurance here mate so why need to double when you can invest what is available and not requiring how much.take your chance at any time you wanted and how much you wanted.people here keep digging to tell OP to double his money but are we really there to double ours? I don't have to because I already had mine and waiting for the dragon to take over the market.not just bull lol. Totally a test of patience and perseverance and trust with your investment because if you are really that too impatient then it would really be ending up that kind of selling early or buying to early on which we know that these are really that the crucial moments on which it does really needs up for someone to think up clearly and carefully because if you dont then you might really be that ending up on making bad decisions just because you cant really be able to make yourself that seeing on what are the things that you are anticipating. I agree into those other words above that doubling investment could really be that achievable with Bitcoin specially into its current price which is 35k and hitting up its ATH then it does mean that we are really that getting x2. I agree into those points that there are really just that people that who do really likes on dealing up with things on which it is more risky and this is why they are really that deciding on touching up altcoins or projects on which they do seem that it does really have that chance on pumping out their price once the bull market happens. Everything would really be still not sure because this market is been that unpredictable. |
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And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.
Everyone talks about how important it is to learn, but not many traders do it. Even those who understand the importance of stop loss and the risk of management neglect these rules at the most crucial moment, and then say that they have lost their entire trading deposit. First of all, a trader must develop discipline within himself and create a list of rules that should never be violated and follow it with a small deposit, if it shows positive dynamics, then you can begin to increase your trading deposit. So true. Discipline also plays an important role in trading. Because no matter how good the analysis we have made, we have careful planning and we also keep a journal to see our trading performance. But none of this will work properly if we ourselves are not disciplined in carrying out the trading plans that we have created ourselves. And talking about discipline is actually also closely related to emotional management and related to our own mentality. For example, we have a profit target and stop loss target. But because our mentality is weak, sometimes we sell when the profit target has not been met or sometimes we become greedy and want more profit and miss the profit target that we have set and planned from the start. Well, discipline disappears here because we are not good at managing our emotions and mentality. But I was also in a situation like that. In fact I learn more slowly. It took a few losses until I finally learned everything properly. And it turns out that increasing experience also strengthens our mentality and makes us more adept at managing our emotions and when we are good at managing our emotions and our mentality is strong, we can become more disciplined. No only on trading but also in other aspects or things that you would really be encountering along the way on which you would really be needing that kind of discipline or control of things on which you would really be needing such thing to assess out whether you should really be that continuing or would really be that holding into your position.In speaking about trading then there's still so much things that needs up to be learnt or simply you would really be needing up that kind of common sense and trying out to adapt on what are the things that should really be needing to be done so that you would really be able to make yourself that hover out without much of a problem because if you dont really that mind on what those things along the way then it would really be that a huge problem. Being new into this industry then it would really be that hard which it would really be just that normal, therefore you would really be needing up that sensible way on how to approach and act things accordingly. You cant really just that make yourself that rush into things without proper understanding on things or situations that you are into. |
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Some time ago, I wouldn't touch BNB because it's heavily dependent on Binance CEX however now they have widely used BSC chain, recently launched opBNB, now I'm like, BNB will likely do just fine down the line as both BSC chain and opBNB have BNB as native token and are comparatively more decentralized than Binance CEX.
Anything that has to do with exchage coin should be avoided just as BUSD is getting somewhere unpredictable, so should we take caution and be careful of investing on BNB, though i can say a little of the interesting abilities that has been found this same coin but that doesn't make much difference from what the possible implications that could come after making an investment in such since they remain centralized. This applies to all coin in cryptocurrency. Every coin can be unpredictable not just exchange tokens. If we are talking about the future of BNB, it will hardly remain on Binance on how will they manage their exchange to be on top in the future. If binance somehow got overtaken by other exchange token, I think there price would sunk but not that much. It's within expectation. I think CZ proves that he can still continue to innovate his exchange which I was hoping to reach to the point of decentralization Yes, everything would really be entirely be depending on the demand and recognition because if a certain project would really be depleting out this kind of thing then pretty sure it does really means that its price is really that going down and there's no exemption to it even on exchange token or whatever it is that do currently existing. In regarding on BNB then i do agree on some points above that it is really that reflecting out into its exchange popularity and recognition on which BNB did really get that kind of value or increase into its price knowing that it is really that been backed up with that exchange on which we know that it would really be just that a normal approach or effect that it would really be that correlating into its coin. On the time that Binance would really be facing up some issues or controversial then expect that value of BNB would really be that greatly affected but of course it wont be an assured thing but it would really be that most likely to happen considering that these kind of events and fundamentals could really make out such effect on any projects out there. Just like on what been said or mentioned earlier that there would really be no exemptions in speaking about dropping and pumping of price because of some fundamentals. |
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First I would like to state that Gambling is legal in our country
This is my friend's story, business is not good in my friend's store which he owns the location is highly commercial but he cannot compete with the large and popular groceries nearby so he decided to stop operation and just offer to lease or rent it.
Because of the location a lottery agent who has a license approached him and is looking for a good place to set up his lottery, my friend's place is very much suited because there's no lotto outlet in that place, and with so many people coming and going and the fact that lotto is very popular in our country, the agent wants to lease at a very good price and a share of the income of the lotto.
He thinks that with the lotto outlet, he will encourage people to gamble which is against his morals so it is a battle between his conscience and the profit.
So what's the best decision to take he is afraid if he lets go of this opportunity the lotto agent will eventually find a location in their place and eventually lose the opportunity to make a profit.
Its your property or place then it would really be that depending on you on which if you do find it that it is against your belief and principles then you can freely tell that agent on finding another places on which he could rent but for me then it would really be that so hard to get that kind of opportunity knowing that your previous business had failed due to competition and we know that living on daily basis is never been that simple on which you would really be needing some income for you to survive and if you dont have then for sure you would really be definitely be struggling but if you do give out importance into your ego and principles in life then it is really that your choice on making such action but if you could really be able to afford on exchange up your pride and belief on making income or money then i would say that it isnt really that a bad choice either. So it would be always boils down into your own assessment on which you should really be carefully thinking which you would choose which you would be sticking into your principle or you would really be prioritizing on making income which it is really that good. |
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There’s are sayings ‘you always want what you can’t have’ & ‘the grass is always greener on the other side’ that sum up this conundrum perfectly. Human beings are never satisfied but in some ways that’s what makes us so different & more developed than other living organisms. We should always try to achieve more, it’s not a bad thing.
I prefer your opinion and I want to say that there is no end to the needs of people, whose lack of people is infinite Living a life that reconciles infinite scarcity with limited resources is real work Even if other animals get a lot, they cannot keep it in themselves due to lack of coordination, but humans are a little more advanced creatures who know how to balance and use the relationship Part of the salary should be saved and invested so that there is less reason to worry about the lifestyle in the days to come But it is not a bad idea to always earn more income but it should be done regularly then there will be more improvement and chances in life and you will help to meet many more needs.It's a natural process that a certain amount of salary can never make up for being successful or that the more money you're paid, the more you'll lack.For this, it is necessary to balance the salary through budgeting, separate the salary through the I&O process and use it for investment and expenditure. It is true that human needs are endless the opportunity to meet the demand is limited so it is wise to limit the demand. Perfection of everything is not possible in earthly life those who want to get everything in life become depressed sometime therefore, it is wisest to be satisfied with the extent to which the need is fulfilled and its benefits are considerable. It is also good to budget so that it becomes easier to save some for the future. If you just earn and meet your needs there will be nothing for the future that will cause problems in the worldly life. Yes, it is true that a person's needs will never end, in my opinion it is because they are living humans who have common sense who will always think of having something that other people have, and in my opinion it is also very related to the name of desire which as we know the desire will never end, none other than because there are many new things that have sprung up that make us feel interested in having. Honestly, in my opinion, it is more precise "humans will never be able to fulfill their desires" that is more appropriate because for the problem of needs I think it is easy to fulfill if you are at a financial level, we must be able to distinguish what is meant by needs and desires, therefore management will always be prioritized because nothing but that can make your life balanced in every condition. And yes the most important thing in life problems is to remain grateful for whatever we have and also for all the conditions we are experiencing, don't always prioritize your desires because obviously you will never be satisfied with what you have or what you achieve, so the point is to just be grateful, it's better. There are always those moments on which you do sees that in every moment and situation which it seems that it is really that determined already or fixed. On the time that we do have extra money then suddenly there are some emergencies that do happen like hospitalization, emergency etc... on which it would really be that resulting on spending those savings into those things.Yes, you had saved up yourself for that situation but of course in exchange for those saved funds which leaves you nothing or even the worst if it wasnt enough then you would really be taking up some loans on which it would really be just that so normal on such conditions but as much as possible then it would really be that wise that we should really be that avoiding getting loans. Money management would really be that always recommended because if you do find yourself not really that putting attention to this then you might really be that ending up on hard situation on which leaving you no choice but to get into those points on borrowing. Now that in every year which economic situations comes even more worst year by year then it would really be that just right that you should really be finding other ways for you to earn money aside from your own main job. It is really just that needing up that proper time management for that. |
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Every risk we will face will certainly be proportional to the benefits we will get, so it is very important that we understand it well in order to reduce risks or avoid risks that we may not want. Every person has different ways of getting profits from the investments they make and of course they have a good understanding of the risks they get which will be proportional to the profits they get so if they are brave enough to face the risk of loss they will face, of course they understand how to do it to be able to face the risks they will get.
It is actually true that every person can have different strategy or investment to achieve profit. But to achieve that profit, that person must be capable, it may be his personal investment strategy or trading analysis skills. Moreover, if you see that everyone has a different way to invest, but not everyone is successful in this field, very few people are successful, especially those who invest in altcoins or shitcoins in more case they face loss. Although there is a saying that no risk no gain, the brave are the wise who use their heads to take these risks. What I really mean is that if you want to take a risk, you have to take a risk in the right place, which means it could be Bitcoin. Well, the smart investors win. Investing in crypto is not all about money, it is not all about having a huge investment but in order to make a profit, we should be smart enough to deal with the volatility of the market and of course, be strategic. Choosing the right investment, and the right coins seems very important which is why we should be knowledgeable enough and know what is crypto before investing. It was not too risky as we thought unless we didn't know what we were doing. Not always win because know that in investment world then not all would really be that successful on which means that if you are really that taking up the risks on planning to earn money via investment then you would really be needing to deal with the risks involved with it. You cant really be just having that safe play on making investment but doesnt have accompanied risks? Its not investment at all but rather you've been dealing with a scam.Dealing up with this market and buying up coins or projects then we know that assurances cant really be that applied even if you do stick into those established projects but still it does have risks on losing your investment or a portion of it. There are really that moments in life or situations on which it is really not something that you could really be able to deal with since you are really that having no capabilities on taking some investment due to lack of money or fund and this what makes it hard to mind on and if it turns out to be profitable then you would really be having that kind of regret which you cant easily forget. You would really be telling that what if you had just made out such investment then you might be able to make money now.This is why it would really be that a matter of risks taking if we do speak about making money which you should need to act. |
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The previous ATH of Bitcoin before its current ATH was around $65k in April 2021. And after that, the price of bitcoin suddenly dropped but due to the hype, many investors were encouraged, creating another ATH which is our current ATH $69k. Many thought that the price of Bitcoin will reached $100k, so many of the investors bought around $69k, but what happened?
There was a sudden dump in the price that plugged many investors. And many of them who bought around 69k price were still holding their Bitcoin today. Maybe they think that if Bitcoin reaches this price, it's time for them to sell. It is certain that there will be selling pressure when the price of Bitcoin reaches such a level.
The scenerio you are trying to explain is that those who bought at ATH of $69k in 2021 who are still hodling will be in a haste to rush out... But I don't think so. If there will be selling pressure at that level of 69k, I don't think it will be because of rushing out of 2021 hodlers but it could be because of panic by weak hands who fear that such level will become a resistance and price could bounce back and start dropping again, so they might not want to wait but to dump at that level as faster as they can and run out, and such action might cause price to start dropping because of such spontaneous sell as everyone will be at alert. Well going by last bull that got the $69k in 2021, the drop was sudden and just when you could know what was happening it was already around $54k. So I think the bull run didn't last and for the 2021 hodlers, instead of being in a haste to run off, they might hodl longer to maximize their 2/3 years investment profit. If you are those people or investors who had been able to buy when the price is on its peak then ending up on holding because you've seen negative into your portfolio then it would really be that requiring that tough mental strength and that discipline on holding your position specially that you are really that needing to hold for long because we know that each cycle does last 4 year cycle but if you are that someone who do lack knowledge and experience on this market then you would really be have long time on making that cut loss but for those who are really that wary about the situation then for sure you would really be holding still and strong and its not that all people would be doing the same thing. There would really be those people who would really just simply panic. Selling pressure would really be there and if you arent that having that strong mental state then for sure you would really be ending up on selling but if not then you are still holding your position and do even make that DCA on which it would really be just that a common approach. We know that the market cant really be just like this forever on which it would really be just that normal or wise to think that recovery would really be always next in line. |
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In the past I keep recording my losses per week , and assume that I will never have
the same losses in the next week but it turns out that instead of of lessening ? i chases my losses so i stopped the recording
and only let my wife allows me specific amount to gamble, I even asked her the money because she is the one whos holding
my ATM and just giving me allowance for how much I needed.
So for me there is no need for recording instead what we need is to control our gambling ,
Have a plan to how much to risk and how much a target winning. that is the safest and the best way to stay better in gambling.
If your wife has your ATM and gives you money for your needs then I assume she has a record of how much you are losing every week since women are pretty good at keeping a count of the money being spent  . They might not remember how much money you give them but they will surely remember how much you have taken from them, that's a skill that women possess and it's good in cases like yours where you might be taking money from her for gambling. I'm pretty sure that if you keep it the way it is right now, you will never spend a lot of money on gambling because your wife will not allow you to do that. The money that you get is the only money that you can spend within a week, now it's up to you if you lose it all or win something with it and keep some for yourself, or you give them back if you win . They are really that indeed good and there's no way that they could be able to witness or observe if there's something happening specially on spending which money are really that too fast to be spent out and then this is where confrontation happens specially if you are the ones who had lost up those budget that been given. Basing up on real experience then im the ones who had been holding with my ATM and my wife is really just the one who do make out the budgeting and wont really be that asking questions but of course it would really be just that so normal that they would really be the ones who would really be making those allocations basing up on the amount that you are giving on which it is really just that normal but in most cases on which salaries would really be known by your wives and thats why having those kind of secret transactions or pull off with those amounts then it would be somewhat pointless. Keeping record with your winning and losses isnt really that something bad because you would really be able to see if you are that losing that much or you are still that in good shape yet you are really just near on breakeven or profitable and with this then you could tell which neither you would really be that still deciding to play still or would be having a break if you do see that it is already too much. |
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Hey @Lanatsa, fantastic points you've laid out about the pros and cons of both Crypto and Forex trading. You're absolutely right; both have their own set of risks and rewards. The economic indicators you mentioned for Forex are spot-on, and these can create huge volatility just like in the crypto market.
Right. Personally, I started with forex because it was easier and less risky for me. Investing in both crypto and forex is like having a variety in your investment menu. They work independently so when one is down, the other might be up, balancing things out. Its good to have choices in investments but we always have to remember invest wisely and take things slow  Less risky because of that less volatility kind of behavior when it comes to prices and this is where some people do really prefer on staying or choosing up forex instead of crypto but we know that there are people who had really make that entire switch up to crypto because we cant really deny that money making in crypto is much more faster than with forex due to extreme volatility. We do know that there are people who are more risks takers compared into others and this would really be that according into their own choices.If you do like on having that less risks then forex is for you but you could eventually able to deal up and just fine on with those risks then it would really be that your choice. For me, im also a forex trader wayback but due to volatility of crypto and the possibility of profit making that you could get then you cant blame out those other traders who do make out such choice on which i have already stick up into this market considering that chances on making easy money is there but come to mind that even losing money is still there on more higher extent but if you could be able to bare it then it would be just fine. |
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The man really got ambitious goals and I admire him for that. Elon Musk would not be the man he is today if he did not imagine things which were them impossible. Now, whether he will really make X not just a social media platform but also a big financial institution, this remains to be seen but we know that there is really a market for things he is planning to happen with it. I remember the day that he took over Twitter so many pundits were then saying it would be the end of it all but look at X right now...slowly but surely things are starting to come rosy with advertisers returning to doing business with the site. Admittedly, I don't like the renaming decision to X but then again I am just a user there and the power belongs to the man. Now, the question is: Will X replace your bank? Maybe yes maybe no but this is a big concern so X will start to be introducing one financial service at a time as this is not going to be a one-time deal. The man is a big marketing man so we can expect some big terms and presumptions to be spewing from his pronouncements, that is kind of expected. One thing for sure, Elon Musk is here to stay on Earth notwithstanding his plan to colonize Mars.
Having ambitions is better rather than on having none, the thing here is that not all are financially capable for them on making such step and this is why for Elon since he's a billionaire then he does have the capacity on trying out to achieve something yet he does have that kind of funding. He wont really be stopping until those goals and targets that he had in life wont really happen. Doesnt matter if its really get sidetracked gradually but what matter the most is that he do able to do on what he wants to do and its none of our business whether it would succeed or not. Its his money and fame that been at risks. He wont really be called or making himself a billionaire if he wasnt that a risks taker. Making X to be an another western unit or whatever payment or money transfer then its his decision but its true that why we would really be needing if we do have those current existing ones? The thing that do i have in mind is that how it could really be that so possible that X would replace banks? There's no way that the entire world would really be that switching to X instead on using up banks services which i could say that it is really that somewhat having those unrealistic goals or targets. |
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Recessions have happened a lot in the past and we may have experienced them several times in our lives. In this way, we should be able to learn from experiences and from events that have occurred in the past. This learning is needed to enable us to better prepare ourselves every time a recession occurs. And experts also do this, they learn from history and experience so that theories are formed and used as scientific studies which are also taught in economics colleges and the like.
A recession will not be so scary if we are prepared to face it. And in essence, we must have good financial management, and have a stable and sufficient source of income. And we should always have backup plans like emergency funds and such.
True, but what surprises me the most is that people act as if it is completely impossible for such a thing to occur again, because if you were to ask people about what they are doing to protect themselves in the case of a recession they will look at you with an incredulous face as if you asked them something that could only happen in movies, and then when it does happen those people are taken by surprise by such event and have no idea at all how to react to it. Because for some people they don't even know the term recession. They know everything that disrupts the economy and an economic downturn is an economic crisis. They don't even know the term inflation. They experienced it but most of them didn't learn it and didn't prepare themselves if economic difficulties occurred again. Yes, it's true that it seems like they really think that the recession that happened might not happen again. Those who are careless are those who will have difficulties because they do not have sufficient preparation. That's why we see many rich people always able to maintain their wealth even though the economic crisis occurs and inflation and recession also have an impact on them. Because they already had thorough preparations long before the economic crisis occurred again. Even if some companies close their business, it doesn't mean they are completely bankrupt. In fact, the brand only reduces the burden. Because sometimes conditions are difficult and if we want to survive then there are times when we have to take off a little of the burden. That is why it is important for us to always learn from everything that has happened in human history. Not only on what we have experienced but also on things that we have not even experienced but that generations before us have experienced. Learning from history can make us better prepared to face the future. We should really be that indeed smart and wise when it comes to this because if we arent really that prepared then we would definitely be experiencing the bitter things specially if we do speak about recession or inflation. Yes, its true on which rich people cant really be that easily affected when it comes to this scenario which they could really be that easily be able to adjust or survive considering that they do have other income or stream of money earning things on which its really that supporting them on the time that it would really be that happening. This is why it would really be always that wise to do on making things to be prepared rather than caught up yourself off guard. Being wise and being mindful is the best approach that you could really be having. Facing it out might not be simple as it sounds but doesnt mean that it would be impossible on doing so. There are really just that people who are really that wise on preparing things on whats ahead. |
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Happy Birthday 8th year Bitvest! I thought 777 was the latter but now only I realize its the former and Bitvest came after. Congratulations for your efforts to keep the casino alive in ups and downs and if I am not wrong the casino is in the business for two cycles and looks like the 3rd bull cycle is approaching. The good thing is the promotion is back but needs to be more aggressive due to the competition in the market being a lot higher than in that era. Agree into this one, this isnt the years wayback before where competition isnt really that high on that time whether on exposure or payrates specially into their recently relaunched signature campaign. It does really need to be more aggressive on which i do really that agree on such suggestion. Btw, @Bitvest, Happy 8th year and just like on what other people been saying that there are tons of ups and downs with this platform but still they do able to stood still or able to survive. Who among here did really believe that Bitvest had totally died because of no update or response of its owner?  |
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Even though there will still be an increase in the Bitcoin price, we must be wary of a decline, especially since the Bitcoin price has managed to increase to $34k. And if we look at the movement today, there may be a correction after the increase. And if the situation remains good, Bitcoin prices can continue to increase but we are still determining how long this will continue. Hopefully, there will be positive news that will be released so that it can support Bitcoin's movement. We should keep an eye on price movements. Those who trade, especially future trading, have clearly made big profits. Congratulations to them As of now there is no correction after the price increase is still stuck at $34K maybe I expect this to last a few more days before October ends. For the situation of the last few days it is still very good to see the market there is no sharp correction again, we here are certainly still waiting for other positive news which is more awaited is spot ETF news. if in November it might be a little different where it is possible that the price can break its resistance, this is my thought in the next month there is no decline below $30K it will still be possible for bitcoin to continue to exceed its limit to $40K. Totally opposite on what i had anticipated on which considering that whenever there are some upward movement or pumps like this then correction would really be next, it did really make out some decrease in price and able to hold up that 33k line which is good on which simply shows that there's really a strong support and demand but we havent still be able to break that 35k resistance. If there's some news that it would correlate to approval of ETF then for sure it wouldnt really be just breaking out that 35k but rather it would be shooting up to 40k+ price but well everything would be that a speculation as always. This is why it is really that what makes it really that hard to tell on where it would be going basing up on the movement that it does have then it would be always unpredictable. For nowadays it is really that most likely be needing up some fundamentals to serve as a catalyst for its movement but somehow its not all the time. There are really just that moments on which it is really just that something relevant. There are really just those people who are that too skeptical on making a move but well i cant blame them though considering on how hard to predict the market is. |
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In a deal, 2 years ago, I asked the seller of a real estate project, if he will accept crypto for plot but he demanded some extra money for this deal. So, I was not able to close the deal but may be in future, I can buy something unique with crypto.
What is the most weird thing you bought with crypto?
Wayback into couple of years or lets say 3-5 years then the thing i do remember on buying up with my Bitcoin isnt really that something weird but rather its some common items on which you could really be able to do so wayback. I have been able to buy steam wallet codes on that time using up with my Bitcoin and since im an esports player then it is really that giving that kind of convenience on which i havent experienced before knowing that buying something online will automatically be meaning that you would really be needing to use up some debit/credit card on which into those times i dont really have one. So it is really that a hassle thing. Later on which i do make out some realization that it is really just that a waste of Bitcoin if i would really be that continuing on doing so and since we arent that blind not to see its potential then it would really be just that a waste if you do really keep on spending it.Yes, for the sake of circulation and totally using about its utility then its good but since we are really that aiming for making profits then it is really just that a normal approach that you would really be saving it up and hold it for long term. |
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According to him, he went long with all of his entire crypto NetWorth on an Altcoin because he was expecting the price of the altcoin to jump back up, after a news (which was later confirmed to be fake) caused the cryptocurrency to go down, but unfortunately for him, by the time he woke up from sleep the next day, on checking on this trade, he discovered that he had been completely liquidated because the price of the crypto currency ended up dumping even harder than before.
Anxiety and fear made me deposit more money and he try to see if he could DCA the dip and make some of the money he lost back, and at a point, the price reached his take profit target but unfortunately, the take profit did not fill before the price of the altcoin shoot up again and at end, he was liquidated again.
I think the friend learned his lesson here. Everyone has their mistakes to learn from right? It is just very unfortunate of him because he made so many wrong things at once. First off, putting all your money into one cryptocurrency is like going all in at a poker game, its super risky. Also he acted on unverified news  he should have calmed down first and did his research.I think he also let his emotions prevail as he wanted to recover losses by pouring in more money. It might seem like a good idea in the heat of the moment but it just made things worse for him We all need patience in this crypto world. Prices can swing wildly so jumping the gun and not waiting for the right moment can burn anyone. Everyone into their lives does commit out mistake on which it is really just indeed normal since there's no one on this world would really be that perfect specially on dealing things that we are really that in first time on doing it or something that do talks about trading then we cant really be able to make ourselves profitable or even on investment in our first tries. You would really be needing tons of time and effort before you would really be able to to have a good grasps.You would really be passing tons of failures and mistakes before you could really be able to make yourself that good into this field. Dont make yourself act like a gambler because if you do then you would definitely fail into this field. Never ever chase up losses and you should really know on when to call it a day and stop completely midway if you do see that trading now is not really that good. Gains could really be taken back if you would really be continue on doing the same mistake. You should really be that mindful on whatever steps that you would really be making. There's no such thing about having no risks and this is something that you should really be targeting on,because on the time that you would really touching up this floor then there's no easy way on dealing with it.Every steps do matter and the actions would be made. |
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