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861  Economy / Economics / Re: Currencies are Collapsing Everywhere. on: October 02, 2022, 06:36:43 PM
Printing a lot of money makes people to realize the real value of a fiat money and that’s why many countries already on a trial phase with regards to their digital money with a hope that this can help solve the problem they are experiencing right now. Many countries already turned down USD as they reserve, and soon many will do this as well. CBDC is a good option for the government to stay control, because if they lose control over their people, they will collapse badly.

Strengthening of individual currency is not going to be from cbdc. The government of different countries that are introducing that are doing so to try and hold to their currency, to try to regulate it and monitoring but they are failing in the total aim of preserving the value of the currency when they still allow the dollar in flow of the currency for use in the country. The dollar is now determining the value of the local currency, this is the problem for some of those countries but their government not recognizing that. However, I have read some countries have strict rule against the use of dollar or exchange of it or where it will be seen except when necessary. In such countries, the use of dollar is strictly for international purposes and not to be found with individuals in homes or government officials.
862  Economy / Speculation / Re: Bitcoin 1D Trendline, 18th Oct is Final Date on: October 02, 2022, 03:22:28 PM

All of this and bitcoin has not yet seen another crash for months and stays close to $20k.

Sometimes bitcoin does not really go directly with the market sentiment or how economy has badly been hit, so anything can still be possible. At the inception of covid-19 in 2020 around February, that was when bitcoin started increasing against fears that it was suppose to start dropping as the currency were losing strength but bitcoin didn't follow the down trend of economic problems then people started investing more and the dynamics of the price changed. Another example is around early this year with the news of Tesla dumping bitcoin hodling, the price only checked from $30,000 to $28,000 and nothing serious happened. It doesn't really follow the economic challenges.
863  Economy / Economics / Re: Big ideas 2023 and beyond on: October 02, 2022, 01:44:31 PM
I feel like it will be stagnant like this year since halving won't happen for another year.

You are probably looking base on just hodling for profit. This will be truth if halving does not come like we have experienced for hodlers that the time for profit is such time when there is volatility after halving but besides hodling the trading aspect of bitcoin is what those speaking of profit are doing, they are trading and not just hodling because that takes time like 4 years at every circle for another ATH to be reached. Learning to trade is profitable than to hodl.
864  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When Bottom? on: October 01, 2022, 07:03:26 PM

We see that the price of Bitcoin is fairly fixed in a range. Maybe this is the bottom. It can go lower than that. But I think now is the best time if anyone wants to make a long term investment.

No bitcoin is not fixed and will not be. Despite that it has not moved highly volatile yet but it has had up and down movement probably looking for a breaking for support or resistance. This week was different from last week that was bear. Bitcoin is selling around $18,9300 after dropping from $19,500 yesterday , however the price still looking down so nobody knows how the week will turn up.
865  Economy / Economics / Re: Big ideas 2023 and beyond on: October 01, 2022, 01:01:03 PM
EV cars



Considering the challenges of oil and gas plus the Russian invasion of Ukraine and its effect on Oil and gas supply to Europe, more countries may focus on manufacturing of electric vehicles by next. They will see this as a substitute for gas used cars to reduce the effect of its dependence. Some cars have been in the lookout this year but next year is likely going to have more improvement and production of EVs. Again I believe that robots will have more place in human development by 2023.
866  Economy / Economics / Re: Can commodities return to its price last year? on: October 01, 2022, 11:14:21 AM
Now that the new normal has taken over and the dust of COVID-19 has already settled down, the prices remain high. Although certain goods and services may have some little rollback in price, majority of them won't anymore adjust.

I think the new normal can only be felt in the sense that the quarantine is no more and social distancing may have been reduced but restrictions of covid-19 are still there. You don't travel freely and the numbers of passengers are reduced to take care of contact and this is the beginning of the increase in prices.
To me the rollbacks are just not seen because the inflation is higher now in the last two years of covid-19 compared to the last 10 years back. The price of goods have increased like double of what it was.
867  Economy / Trading Discussion / Re: I need a feedback for my startup project, AI based trading indicators on: September 30, 2022, 03:27:48 PM
Upon checking of the website I saw that you are using RSI, MACD, CCI, Stoch, ATR, ROC, and %R in the charts shown. So does the AI work with that indicators and then make sure that if there are maybe 2 out of three correlation with a specific indication whether the market is going to be bullish or bearish?

Is it something like that?

One of the challenges that a trader applying many indicators will face is not being able to know exactly the direction of the market so Op may not be able to give you a directional answer when using such indicators because they won't correspond with each other and that can lead to confusione and more is that the indicators listed are lagging indicators that goes after the market. Stoch seem to be the one to show direction and Macd itself is complicated to understand.
868  Economy / Trading Discussion / Re: Do you use crypto trading robots? on: September 30, 2022, 02:19:38 PM
If you fail to set it carefully, never think it will make its own decision and for sure it will fail as well.

This is one of the disadvantages of using bots. You have to always be sure that the settings are right otherwise you would have wasted your time or it does a wrong trade for you and you run into loses or risk your account being close out of fund. It is better like most responses have said to do a manual type of trading to analyse the market, trade while learning to be better.
869  Economy / Economics / Re: 23 Countries Now Abandoning US Dollar on: September 30, 2022, 12:49:28 PM

And mixing up these can mean that the news is not a real news (like someone commenting there, I fear too that this is bs), it's just some things (not necessarily real) put together to attract readers, and the whole point is just a weak advertising for gold and silver.

I have also thought to myself that this may just be an item sellable to the public. Dollar dump is is a big news to media houses and probably that is what it wants to achieve. However no doubt that some of the countries mentioned won't blink an eyelid to do that like China and some more countries in Asia that have the communist kind of system. The question is where the abandonment were possible, which other becomes the reserve for countries, definitely not gold nor silver. I have been considering bitcoin but same countries are haters of bitcoin, which means this news probably is not reflecting the reality. No where else have I heard this even on CNN, al jazeera, BBC, nowhere at all.
870  Economy / Economics / Re: With crypto jobs make government jobs irrelevant in the near future? on: September 29, 2022, 05:21:57 PM
I don't believe the crypto and blockchain related jobs are enough to fill up the jobs in the government sector, it may help the government to reduce the human force needed for the system to run but as a result the people who are in the job will be laid of and have to find their career path in other sector. The new economical era is going to be highly uncertain so self employed people will be having higher chance of survival than others.

Looking at your last sentence you are still saying same thing that self employed people will have higher chance for good life. So what would someone having a good life with the lots of Independence in crypto and blockchain industry be looking for a government work that you are restricted and don't have your freedom, may not earn a comfortable salary to go watch the world cup for example  Grin but a blockchain industry business person can have all the time to go for such trip. The bottom discuss is that there are possibility that in the future youth won't need government established office jobs because of the opportunity in blockchain industry.
871  Economy / Economics / Re: Can commodities return to its price last year? on: September 29, 2022, 02:52:00 PM
This is an unfortunate situation that the world is suffering from currently and it is not only on your location or the country that you live so have that in your mind. Funny to your question, no way that things will go back to the way it was, you can't turn back the hands of time. This is what global inflation has caused because things are not stable any more, there are socio-political issues almost in every area those are challenges.

Will there be a time that will come where average earners like me won't be able to afford a basic life anymore.

There may not be a time like that if you keep to the pace of development and technological change. If you keep your eyes on the internet there will keep finding what to do to have services to offer.

872  Economy / Trading Discussion / Re: My thoughts and now my experience. on: September 29, 2022, 12:22:21 PM

I had some thoughts about cryptocurrency and I thought they were enough for me to achieve all I had come here for.
I didn't spend much time and jumped into the crypto market and I guess it swallowed me.


Is a wrong move to take jumping into what you don't have good knowledge about. Crypto investment is very risky. I hope you have learn your lesson now and not to have the believe that putting money to buy any coin is a direct profit already.



4. Diversification that has no research behind it is foolish. I had thought that once you diversify you can do wrong, how wrong I was. You always have to diversify making use of research and don't be in a hurry to buy.


Diversification is also an investment and before buying any coin you must have researched and have knowledge on it before real investment. The word diversification is to invest in another optional investment that is different from the formal so it also requires researching.
873  Economy / Economics / Re: Supply and demand on: September 29, 2022, 09:46:38 AM

ok sir. I am making some basic ideas and then advance educational Information about supply and demand  for all of  here. thank you for your response

Such post may be better dropped here because the content of supply and demand is more of economy and if you are making it educational and informative then beginners board can be another option, newbies need some can of information to help them understand the cryptocurrency if your topic on demand and supply relate to crypto.
874  Economy / Trading Discussion / Re: A single trading tool is not enough on: September 28, 2022, 11:47:17 AM
if you are trading alts other than btc, it is advisable to check the social media channels of these projects. as they will give you insights on where they are heading to. those indicators won't matter if the team is already on the verge of breaking up or should i say about to abandon the boat.

This is a wise advise for crypto traders that only rely on what they see to trade like using only technical analysis or graphs and never concern themselves with news or what is happening around the project. Like what happened with Luna coin could show us how some coins can just a surprise coming but as an insider, you can have the knowledge before it finally take serious effect on the coin. Reading about the coin that you are trading is very important like it is said here , some collaborators may be at the verge of disintegrating which will definitely affect the coin at the short or long time. Therefore joining the telegram groups is important for a serious trader .
875  Economy / Trading Discussion / Re: Preamble to Candlesticks chart and their significance. on: September 28, 2022, 08:58:08 AM
DOJI CANDLESTICK

Im a swing type of trader on which if ever i do see this kind of candle stick pattern where this doji formed out then there it do means that this might be the peak
of a certain trend which reversal is likely to happen and this isnt really a bad consideration for you to make out some entry on times like this

If that appears it doesn't mean that only the candle stick will be used to judge the market or the next trend. If that happens then you can use the resistance level to determine your next direction depending on the timeframe especially longtime.


but of course
this is more effective if you do deal up on a market with less volatility like forex.For crypto, it does work on some time but most of the time it is really
been rejected or totally not that precise at all since crypto market could easily fuck up technical indicators. Cheesy

No market is less volatile and you can lose your money faster than you imagine if you don't manage your funds and entry well. For example trading some currency pair at some point can be really volatile like during the news release. Metals too get volatile during this time of news release because it also affect the price.
876  Economy / Trading Discussion / Re: Preamble to Candlesticks chart and their significance. on: September 27, 2022, 03:03:02 PM
There a lot threads on this. You have put sources of the the materials, because I know these information are not yours. And also this thread is suitable for trading board not here.

I think these are not his words, he has not put any link to the source but some one can talk about different types of candlestick and their functions, they are not a new kind of discussion because it can also be found on the forum. I have also posted one of the links to study Japanese candlestick in one of my post and I think op most have seen this information from maybe babypips.com
877  Economy / Trading Discussion / Re: WHAT DID YOU STUDY? WHAT DID YOU LEARN? on: September 27, 2022, 08:54:17 AM

What stops us the most from becoming master traders?

Trading is not like the professional courses that you can study in class room and become a master of it whether in practical or in theory for other course of study, you can become master in theory and practical because you can know the configuration that will land you to your result. Therefore you can analyse your theory and do the practical leading you to same result but trading is not that way. You can analyse the theoritical aspect of trading but the practical doesn't really come out same way it was analysed and this is why we have more of market analysers and YouTube, telegram call groups because trading is not easy so they rely that way to make the money from others and not directly from the market  Grin

Trading is complex because it involves different figures of market decision markers that you can't read their minds but only rely on figures, speculation and emotional sentiment. This is a major challenge for trading, it is more of practical than classroom learning.
878  Economy / Speculation / Re: Cryptocurrency is silent why? on: September 27, 2022, 07:49:42 AM
For some months, cryptocurrency is in a down falling trend which is the main cause.

This is expected during the time leading to bull. The market don't give you what you want to be served immediately. The market is at this time like an example of a bad waiter trying to clean up all the mess on the table before taking your order. So what do you have to do at such time especially if you like the delicacy from the restaurant? To wait for the time the waiter comes to take your order. Now there are many traders and hodlers waiting to get in but the market not giving in just yet because of some clean up and correction.
879  Economy / Economics / Re: U.S. household wealth suffers record drop in second quarter on: September 25, 2022, 01:08:55 PM

Even small and third world countries are having a hard time dealing with this inflation crisis. America is actually a rich country so if they're badly hit by inflation, it could be the worst experience in poor countries. Everyone is double grinding so they could have enough preparation in case this crisis would get worse in the future. It's definitely hard to deal with and a single job wouldn't be enough to sustain our daily necessities anymore.

This is not a joke for third world countries that lack infrastructure, employment, good shelter and food. The most hit in the scheme of effect is the feeding because you can't afford not to eat no matter how economical you are or you try to cut down on expenses. High cost of food stuffs is affecting the poor population of people in third world countries and that causes malnutrition as they don't feed well. The rich in the third world countries are still better of since they still get contracts from government and can afford to pay their bills. The third world countries government unlike the more developed society like US can't organized support to help reduce the effect of inflation on the poor.
880  Economy / Economics / Re: How Will Investing Help the Economy of a Country on: September 24, 2022, 02:32:10 PM
The goal of the state to open the door to investment certainly hopes to make prosperity for citizens, unfortunately not all investments can help the economy of the poor because most poor people do not have education so they cannot participate with investors.

Surely not investment doors or opportunities are open for all kinds of people like the poor and rich, they all have specifications for what investment they can take part in likewise the educated class. The government runs investment programs for poor even the less privileged and physically impede classes and this is the right way to organize and run a government, if done this way there is no way that this won't contribute to the total income and well being of the country's economy. Example there are loans that are available for rich and poor depending on the capacity to attract those loans.
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