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901  Economy / Trading Discussion / Re: How Visible is your trading plan on: January 22, 2023, 12:34:09 PM

Yes, I also think that the 2 trading plans are enough with the condition that we have mastered them so we can use and maximize them,
but again everyone has their own decision,
once again we must remain calm in the face of all market conditions.

Being calm and not panicking when the market is shaken is very necessary. If you panic too much, it will destroy all trading plans. Everyone has their own decision, but don't get too confident thinking the market will still be fine. Stop loss is needed when the market drops from the lower limit we planned. Using a stop loss will result in a larger stop loss. Several trading plans are also supported by good analysis and Fundamental Analysis.
902  Other / Beginners & Help / Re: Anyone living with older people? on: January 21, 2023, 11:12:23 PM

The way you share knowledge for ordinary people is very useful to help those who don't know cryptocurrency, actually they don't really care about crypto but make sure you don't get money from illegal ways, they are only worried if you get money from illegal transactions, but at first glance they already understand the explanation about crypto and already know the flow of funds that you have, they will definitely support it, because you already have an independent economy without depending on your parents.

the initial thoughts of ordinary people are indeed directed towards illegal methods, because the average person I meet who is not familiar with crypto or bitcoin thinks that bitcoin or crypto is a business like Ponzi, multi-level and the like. some people start to understand when we explain what crypto and bitcoin really are, but others cannot accept and think crypto is just a toy currency that isn't real and can disappear at any time. It's not easy to give understand ordinary people who can't accept that cryptocurrencies like bitcoin are a very valuable digital investment, they continue to think that it's just a digital currency that will quickly disappear and be worthless.
903  Economy / Trading Discussion / Re: How Visible is your trading plan on: January 21, 2023, 10:33:14 PM

You would really be needing lots of back up plans when you do deal with an unpredictable market and you shouldnt stick into a single plan because it is really that bound to fail up and you should really be that versatile

if you do consider yourself to be a real trader because we know that dealing off with something unpredictable does really need up lots of back up plans if one of your analysis do fails, then it would really be just right

that you should really make out some adjustments or simply trying out to cope up on something.Trade and try to be sustainable as much as you could which it would be normal
that you would be preparing for that.

I only limit 1 to 3 trading plans, if too many trading plans are made it will also become a burden and cannot execute properly. In general, 2 trading plans are enough and the first trading plan must be maximized properly.
When the market comes with bad conditions, we might still be able to hold on and wait for the right moment to start executing it. And also remember that as I mentioned before psychology is quite important because it will affect how the final trade is made.
904  Economy / Trading Discussion / Re: Anyone out there doing money by trading? How? on: January 19, 2023, 11:44:18 PM
The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Trading is not for everyone and certainly not as easy as some make it sound. If you are not profitable trading, it is better you stop before you lose your money completely.
If other traders where not profiting from their trade I doubt they will keep doing it just to lose money.

do not benefit from trading so they do not understand the basic knowledge of trading. If trading only relies on feelings and guesswork, then it will be very risky. An analysis is required for trading to determine when to enter and when to exit. Trading is really for everyone, but the people who win understand and know what to do.
There are many people who trade only with confidence without basic knowledge, and you know that in the end all their money will be lost because they are too panicked and don't know what price to buy and what position to sell. especially when trading futures, they will be liquidated quickly.
905  Economy / Trading Discussion / Re: How Visible is your trading plan on: January 19, 2023, 11:06:27 PM
Trading plan is one thing that cannot be neglected and for better result it best when it is visible. It is the vision a trader runs with. If a trader fails to plan such trader eventually plans to fail. When the heat of the market sets in we often forget our plans and trade from what ever our instinct suggests. But with a written plan it will be easier to set goals, targets, limits, strategies and expectations.

There's a lot of truth in what you've said here, but the harsh reality is that the market will continue to go its own way without a second thought. Setting limits, targets, strategies, expectations, and plans is important, but the best strategy is to lower your expectations and come with an open mind to accept whatever happens to the trading strategy along the way. You will be a better trader than others as a result of this.

a market that continues to go its own way is of course something that cannot be predicted, therefore trading plan A and plan B are needed. When Plan A cannot be carried out, there is an option for Plan B.
I do a trading Plan straight from my mind and remember what to do to trade. The trading plan is influenced by psychology and to be able to overcome it, you must have a strong psychology and stick to the trading plan that has been made. do not follow other people's trading plans because every strategy is not necessarily suitable.
906  Other / Beginners & Help / Re: Anyone living with older people? on: January 19, 2023, 05:30:25 PM
When you have made money from bitcoin, try to show the balance to your uncle and grandfather, they will definitely ask whether it is income from bitcoin or not. You just have to explain that bitcoin can make money but after that try to explain slowly that bitcoin is a very valuable cryptocurrency and will not waste your time.
explaining to lay people or like your grandparents and uncles who don't know at all certainly requires patience, they will also understand if you patiently explain it.
907  Economy / Trading Discussion / Re: Which indicators you use? on: January 18, 2023, 11:52:42 PM
Nothing — I don't use "traditional" indicators at all, as I trade using narratives and social signals(mostly on Twitter, Reddit on rare cases); and to add to that, fundamentals — yes, as funny as it sounds you can use fundamental analysis on crypto on some cases.

Buy The Rumor Sell The News refers to a trading strategy whereby a trader buys coins based on speculation about an upcoming news or data announcement, and sells coins after the news is published. This can give traders an opportunity to buy securities before everyone wants to buy them, and to make a profit selling them when demand and prices increase.
This is a part of fundamental analysis that can be used in cases like when there are rumors of a centralized exchange collapsing and some good news about bitcoin adoption.

Disadvantages of this strategy include the lack of accuracy and the potential for missed opportunities if decisions are not made quickly enough.

No one can time the market with absolute certainty, buy rumors, and sell news trading strategies are no different. There are a number of reasons why this strategy failed to generate profits for traders.
908  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: January 18, 2023, 08:23:35 PM
~snip~Indeed, the ball possession factor does not fully guarantee victory, but in a match like this I think ball possession is also needed to be able to have many attempts to score goals. But it seems that Inter are also playing well and are disciplined in defense and because of that, Milan really have to make even more efforts to be able to convert their attacks into goals.

Milan did 63% of possession in the match while Inter only had 37%. Inter tried to hold on and occasionally attacked. out of 9 shots, inter had 4 shots on goal and 2 shots were successful.
Inter became a strong opponent for Milan. Federico Dimarco started the goal in 10 minutes and was followed by Edin Dzeko's second goal in 21 minutes. by inter.
909  Bitcoin / Bitcoin Discussion / Re: Giving bitcoin awareness for easy adoption in my locality on: January 18, 2023, 07:50:04 PM
Nice step you took to be with the old people to discuss bitcoin, you did well but why are they just reluctant and feeling unconcern,maybe they are not understanding what you are saying,since there is no learning or writing materials which they were suppose to use to keep them busy. This is a poor method of teaching bitcoin,you would have motivated them by standing and showing them some pictures of bitcoin.



The learning method is boring, only a theory is said with unclear intonation. If teaching only includes words of understanding, those who start listening will feel bored and they may not even understand what is being taught. There should be a better teaching system with theory as well as practice, concise and clear. otherwise, the introduction of bitcoin would have been in vain.
I would also feel bored sitting in that room for a few hours just listening to stories I can't understand. OP needs to be more creative in raising awareness about bitcoin.
910  Other / Beginners & Help / Re: Beware of cheaters on: January 18, 2023, 07:10:39 PM
Newbies have received a lot of advice in this forum on how to avoid Telegram groups that promise them huge returns on their investments. Why do people constantly fall for telegram frauds, I wonder. Is it out of greed or do they want to try their luck at becoming millionaires quickly?

It's good that you've realized that not all alternative cryptocurrencies are worthwhile investments, even if they promise to be listed on Binance shortly.

In the case of crypto investment, nobody can be trusted in the crypto industry. That's why I avoid altcoins that make tempting offers to their investors because those projects usually turn out to be scams.

not only telegrams, even in several social media such as Twitter, Facebook and some email messages are also the cause. They were interested because they were promised a sizable prize. Greed is indeed the main factor why beginners can be fooled so easily. They only think of getting rich instantly in crypto regardless of the risks that will occur, such as the scammer's trap.
Scammers use many methods to deceive their victims.
The crypto industry is full of risks for those who don't understand and don't know what to choose which is safe. Many altcoins offer high bids, and provide great returns and bonuses, but in reality, they are all nonsense and in the end just become a waste of investment and do nothing.
911  Economy / Speculation / Re: The Start of a Bull Season on Bitcoin? Or a Trap? on: January 18, 2023, 06:10:00 PM
now the price is dropping dramatically, yesterday it had reached a high of $ 21,400. The market is also getting saturated, already overbought, so it's time to go down and try to go down to the nearest support. gradually the price continues to fall and if it passes $20k it will continue towards $19k.
The movement at the beginning of the year was indeed quite significant, but the correction that will occur will also be deeper. The halving is still a long way off and this year may be a year that doesn't have too much movement.
912  Economy / Trading Discussion / Re: Many signals don't work now like they use to be on: January 17, 2023, 07:36:31 PM

When can say its effective if it goes along with the market trend or market condition on which we could really make it count to be a good and working kind of strategy but we know that this market does have lots of variations when it comes to its behavior and there's no such pattern is able to be created and this is what makes it pain in the ass when it comes on making technical analysis on which its always not been easy.
Signals arent really that bad to look at for some people who do made them out but eventually you could make one too which it would really be just that the same because everything that is been
thrown out would be neither be working or not and that would be based up on market condition.

It worked at the beginning, but not for the next. The signal is only a prediction which is not necessarily the same because it is only a reference.
Technical analysis will work perfectly if combined with fundamental analysis, the two will be in sync, and doing risk management and financial management will help trade more perfectly. Don't really trust signals, because there are lots of fake signals that only benefit the signal maker. rather than relying on unclear signals, it is better to develop a trading strategy and learn every basic science that is mandatory.
913  Economy / Speculation / Re: How was your belief formed? on: January 17, 2023, 07:03:23 PM
~snip~If ATH is formed again in 2024 or 2025 I think there will be 10 times more people adopting bitcoin and learning about it than today (or maybe even more than 10X) and I would really like to laugh at my friend who insulted me.




When a new ATH is reached, of course it will be extraordinary FOMO. Beginners flocked to enter and buy bitcoin at a high enough price to push bitcoin to its highest price. Maybe the dominance of bitcoin will be even greater. People are also starting to learn about bitcoin and people around the world are going to talk about bitcoin. But regarding adoption, it depends on each country because it is constrained by different regulations in each country.
People who have never entered and don't want to get to know bitcoin, of course they will lose, because the potential for bitcoin is still very large. If you have 0.1 Bitcoin at the moment, in the future when the new ATH is reached you will get many times the profit.
914  Other / Beginners & Help / Re: It's a shame people still falling for this on: January 17, 2023, 05:46:51 PM
I will never respond to incoming messages like that. when an unknown person sends a message that he needs help to retrieve his assets or other things related to high money, of course it's a scammer. No need to believe in this bullshit, I also keep getting messages about all kinds of prizes up for grabs, but I don't feel like I'm taking on quizzes or contests of the sort.
Twitter, telegram which is the place for the most scammer messages. I blocked such an account from contacting me again.
Never believe in the big prize bullshit, nothing is instant and no one is going to give a lot of money to a stranger.
915  Bitcoin / Bitcoin Discussion / Re: It is ok to sell your Bitcoin. on: January 17, 2023, 05:22:17 PM
~ Do people hodl just because others are HODLing?

It's not entirely true, I myself do holding not because of other people, but I'm sure Holding will provide a bigger return when we have bought at a dip price.

~ Why so people hold rather than sell and buy again when low

Do you have any research on how many people are holding and who are selling? I think they sell more too. Buying again at a low price and holding it is certainly a good advantage in the long term, as long as there is a reserve of money to buy back, maybe a strategy like DCA.


~ What is your major reason for HODLing and how do you survive the bear market?

The main reason for Holding as I mentioned earlier, Holding that provides greater returns in the long term and Holding is more recommended for traders who don't have much time to keep monitoring the market. Buy low, hold and then set the highest price target until it is reached. Surviving in a bear market certainly requires a strong mentality and reserves of money to start buying again.

916  Other / Beginners & Help / Re: Your best advice/recommendations for a crypto beginner on: January 16, 2023, 11:54:36 PM
As pathetically said, it is a Herculean task. If you have money that, judging by the question, you want to invest, choose Bitcoin. But first, take the time to understand that all your investments can go to waste and that by investing, you are ready to lose everything. I think you understand the value of your money, and for this, you also need to understand where and how much you want to invest. Time is your best teacher; no one will give the right advice here; your teacher is experienced; we are all just outsiders who have different opinions; and the choice will always be yours.

the choice is your own responsibility. some of the advice you gave is just an illustration of what beginners should really do should think about it. Investing in bitcoin is a good recommendation, and don't ask about whether the current price is cheap or not, because that's only price specific. Investing in crypto has risks and can even lose it all. Understanding the value of money as you say, of course there will be good planning before making an investment, research is very important so that the money invested is not in vain.


The best advice to beginners "avoid shilling projects".

the shilling project is only a project developed by scammers and aims to get a lot of profit at the beginning and then leave it.
917  Other / Beginners & Help / Re: Don't be greedy – a short goose story on: January 16, 2023, 11:19:53 PM
..That said, the story can be interpreted in a different way: don't be too greedy, sell your coins when you're in profit because most investors usually lose. Be in profit, even if it's just 10%. Don't hope for 200% as you may never get it...

I would interpret this story differently)) This is more like how many beginners are trying to earn a big profit in a short time without observing risk management. In this way they turn trading into a casino, betting all their money wanting to increase it, but as a rule they end up losing their deposit.

Turning trading into a casino is the wrong way, there will be many risks when trading does not go according to expectations. Like Putting eggs in one basket and when the basket falls then all the eggs will break.
Beginners who have never studied the correct trading techniques only expect instant profits quickly, even though there is no quick profit that can be obtained if they cannot carry out a good trading strategy and carry out some analysis to determine market conditions. They are even too greedy and only produce losses.
918  Bitcoin / Bitcoin Discussion / Re: A good way to promote Bitcoin or not? on: January 16, 2023, 10:31:56 PM

I think accepting Bitcoin is a good way to promote both Bitcoin and your store because

  • You can attract customers who are interested in using cryptocurrency for purchases.
  • You can also attract customers who wanted to venture a different method of payment.
  • It is also possible for your business to open globally or access international customers because Bitcoin is a p2p payment system that knows no boundaries.
  • It is also a good way to raise awareness about Bitcoin people will possibley become interested on Bitcoin whenever they see the banner of your store  stating that it is accepting Bitcoin


from the several points you mentioned, increasing awareness of the use of bitcoin is the main purpose why adoption is done. Ordinary people who don't understand bitcoin don't know how useful bitcoin is for payment and is an option for payment today. not only as a means of payment, but also can be used as a good investment tool if you can manage it properly.
The stores that start accepting bitcoins depend on the regulations of their respective countries. Most of those who have adopted bitcoin are from countries that fully accept bitcoin. But some developing countries only allow bitcoin and other cryptocurrencies only as commodity tools and may not go beyond that.
919  Bitcoin / Wallet software / Re: Is there good wallet decentralized app ? on: January 16, 2023, 10:02:19 PM
I don't think what you're saying is decentralized, then you want it, then the debit card will be connected to it. For what else it is called decentralized?

There is no such wallet apps dude, I have never seen a noncustodial wallet where you can transact with a debit card. Maybe if there is such a thing, I can't say that such a concept is 100% decentralized.

But if you want a safe for bitcoin what I can recommend is Electrum. I've been using it for years even though I don't have a hardware wallet or trezor wallet. As long as your seed phrase and private key are kept in a safe, it's fine.

when you want a bank debit card connected to crypto and decentralized there will never be one. this would be cons and banks would not be happy with "decentralized" either. Decentralized wallets that are good and recommended and Open Source are electrum. I've also used it for years, and it's still secure as long as the user knows how to store a good passphrase.
920  Bitcoin / Bitcoin Discussion / Re: Paper wallet for BTC used to be the best on: January 15, 2023, 11:01:36 PM
~snip~..... None of it is easy if you don't take shortcuts like printing from an online computer to a WiFi printer.

however, if you don't have a printer with WIFI, of course you can't take this shortcut.
So in conclusion nothing is cheap and easy to do, there will be several attempts and of course, it requires additional costs.
Maybe writing manually is a direct way that doesn't cost a lot, Always Offline, only paper and a pen that are waterproof, as well as good writing intuition and make sure everything is correct, after writing is done do a checkup to enter whether the phrase is correct or there are some errors.
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