Bitcoin Forum
June 24, 2024, 10:39:43 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 [48] 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 ... 252 »
941  Economy / Trading Discussion / Re: The Path to Profit: A Trader's Emotion & Terminologies Everyone should Know on: September 09, 2023, 08:15:54 PM
Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.
Marked by excitement and anxiety as used here dragged my attention.
Are you saying it’s overly exciting when one takes a trade and that be the marking of the activity and the anxiety be in the proceedings to the trade…?

Well, for the anxiety I might agree but, when it comes to excitement;
I think the only time one can be excited about a trade is when it starts reading profits for you and most of all, you happen to have the pips play into your trading plan just right. Other than these, there is just nothing exciting about trading as even in the event that, you still get to maintain your trading balance, you would have lost a great deal of time and data.

Trading isn’t such an easy thing to do with the level of sophistication and how traders have advanced in skills over the years. You really get to master a lot about it that goes beyond terminologies to be a good trader.
942  Economy / Trading Discussion / Re: Bitcoin transaction on: September 09, 2023, 08:07:51 PM
Oh ok thanks i don’t know if the sending end or receiving end could change the rate on block chain on an unconfirmed transaction is that a possibility?
The receiving address have got nothing to do with the confirmation time or speed at which a coin is being or would be delivered. All it does is simply at the word, receive. Where there could be some manipulations to alter the speed of deliver is at the senders end.

Over a week has been such a long time to have been waiting on the confirmation of your transaction but, haven’t sent it with just 6sat/byte means, you could be waiting a long time to beat time here.
You need not find your wallet anymore if that be your last coins, just go over to bump your transaction fee to 15-20sat/byte and you would have it confirmed in no time. It wouldn’t count you much depending on the number of confirmations you would get on the transaction.
943  Economy / Trading Discussion / Re: Emotions dealing on: September 09, 2023, 05:45:43 PM
-snip-
Trading reeds you to be focused, dedicated and disciplined and for you to have all those you have to be in control of your emotions to enable you to not make some mistakes that could have been avoided. Individuals not having control over their emotions are bad traders.
Traders who can't control their emotions are not only those who are beginners in trading, but some of them are also quite professional traders.
Emotions that cannot be controlled will result in many losses, especially in strategies that have been made and will fail when emotions are uncontrollable and go off the track.
I see the term professional as used there and it sort of reminds me of a post made by Ratimov some time ago to correct an impression. An impression on how the term professional is used with respect to trading and traders. The term mainly describes traders to be individuals who work for a firm, be it a large organization or something of that nature who are paid for there skills to take trades and create different market conditions such as market movers by virtue of there positions in a trade.

Emotions is a part of human nature, one that isn’t going to go away and no matter how we could try, it would always come surfacing every now and then but, the longer you play with it, the better you would be at handling it when it pops up your mind every now and then while on a trade.
It’s a need to master skill for every trader as it defines the point where you get to cut lose or be contented with your trade profits.
944  Bitcoin / Bitcoin Discussion / Re: My Preparations for BTC Halving and bull market on: September 09, 2023, 12:31:10 PM
Bitcoin halving and bull run is not something that takes people unaware. It is something that is announced and something that trends for some years before it happens. But the irony of it is that there are people do not still enjoy the bull run despite being aware of it. This set of people believe that halving could fail to produce a bull run, they are uncertain, but when the bull run starts, they will join in the middle or towards the end.
Talking about announced in terms of the bullrun, I suppose you don’t mean it like we have in the halving which comes with more specification on when, the dates and even time. The bullrun is just a proven scenario that plays out with the bullrun but then, it’s off point have got zero specification to it, you only get to notice it as it goes with the continued up trend and price appreciation. A time you’re asked to buy, when it’s growing but, I agree with you that some would still miss out. Those who are always expecting the coin to dump some more and even when it does, they still hope it dumps a little more and forget that, it’s a bullrun taking shape and every little drop is responder with a leap in $1000 of sats.

Some would even buy at the peak but of course, it would serve them right with the many opportunities they are letting slide by just now.
945  Bitcoin / Bitcoin Discussion / Re: My Preparations for BTC Halving and bull market on: September 08, 2023, 03:12:50 PM
So in order to have maximum benefits in the bull market, you should have a plan and start executing it unless it is too late.
One of the plans any beginner can have an obviously have things play in there favor is the DCA strategy. You can hardly be wrong about this especially when you have a long term plan for your accumulations. I wouldn’t prefer we consider this whole looking at altcoins but for bitcoin in per se, it works just fine and you don’t need much knowledge to practice it. Just know how to buy and some non custodial or cold wallet storage to hodl it on.

Quote
I have already accumulated bitcoin in my portfolio (70% of my portfolio is in bitcoin) which i will not sell until we are above the all time high again. Similarly, i have bought some major cap coins and a few others low cap too which i think will perform well in the bull season.  I have been doing this for the last 3 to 4 months, buying some at every dump.
Sure you’re very much experienced so I wouldn’t say much on the major capped coins but then, I’ve even been failed by those altcoins when I felt I had a good reason to pick them. Can’t trust them one bit, especially when it dumps.

Quote
If the market dumps further, I will not panic and if I have more spare money, I may accumulate more bitcoin. I am confident that this bull season will be the best so far as it will be initiated by institutional investors.
Well, no bitcoin halving has come without creating a new ATH. It’s okay to hope that history would repeat itself and the market would be kind to us still.
946  Bitcoin / Bitcoin Discussion / Re: Let's Stabilize Bitcoin on: September 08, 2023, 02:54:11 PM
Is it possible to stabilize prices through market mechanisms due to this?
No single individual or group can stabilize bitcoin price. Bitcoin has no central authority on it to define its worth and the price is determined in a decentralized system through various bid and ask prices on it.

Come to think of it, if this was to be done, looking at the available volume of bitcoin both in circulation, pre-mind volume and lost coins due to unavailability of private key or seed phrases;
Where would one hope to cap the price at?

The total volume of bitcoin wouldn’t be enough to serve the world’s population and the bitcoin idea wasn’t meant for a few but, for the world to use in everyday transactions.  This makes attaching an price to it as per stability an idea that don’t particularly suit its capped nature.
947  Economy / Economics / Re: We Are 2007 and next year 2008 on: September 07, 2023, 10:35:58 PM
Certainly, history could repeat itself. And next year, there may well be an alternative to bitcoin that will rival it in three or four years.
You can never be too accurate on BTC prediction but, you can always hope for some good with the halving as it’s been known through the history of cryptocurrency and that’s enough to push users into creating the situation for a rise in price.

Speaking of which, you did. Talk of a possible replacement in the forth coming year. It’s just a hypothetical thinking but then, do you really think there could be an altcoin that would offer a greater challenge to bitcoin in few years?

I greatly doubt that. Maybe am overly stating this but then, it’s hard to find one who would be so willing and concerned like Satoshi Nakamoto to have not left a back door ti exploit his idea when it’s green. Still, it would be difficult to have people believing in any alt like we do bitcoin.
948  Economy / Trading Discussion / Re: My trading stradegy on: September 07, 2023, 10:12:12 PM

I wouldn’t discourage or encourage you on either to forego your strategy for another as, the case has always been and still is; “what ever works” right? Don’t need you to answer that anyway but, hope you understand the risk in the steps your taking and by going short, your sure to stay fixed on your chart as this is a trade taken out of mare expectations and not any proper analysis to it and as such, it could always go anyway and your not sure where those players you looked up to for a position would be getting out or have set there limits.

You can get some mastery on it and be making some serious money which makes me wonder if it’s actually working with you complaining to be low on funds or perhaps, it’s a newly developed strategy for you @OP.
Goodluck either ways and stay true to your methods. It would serve you more than copy trading or though, this feels more like it as well.
949  Economy / Trading Discussion / Re: Emotions dealing on: September 07, 2023, 10:04:34 PM
Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.
Saying emotion is a weaponed used against traders makes me wonder who is wheeling this weapon against them traders. If it’s the exchange against them traders or it’s the market against traders.
There isn’t any other party to this most times as, it’s always traders against traders and the result of your trade is based on either good or bad decisions on your part. You get to decipher what is or what could be from your analysis, develop a trading plan and be disciplined enough to go with it.

Quote
How to avoid emotions:

  • set up  a TP(take profit) and SL(stop loss) for your trades
I think that was the only point as it concerns trading that you mentioned in this thread. The rest were simply how to stay distracted from getting back to the charts and watch the proceedings of your trade.

TP and SL does help you to stay on course with your trading plan and that does keep emotions off alright. Still, it’s not always an easy to archive as, your surely going to be conscious of the activity in the charts no matter what.
950  Economy / Gambling discussion / Re: Minimum Age to gamble on: September 07, 2023, 09:56:43 PM

All gambling sites have age restrictions on their websites, but underage people will still go ahead and gamble on those sites. As it is clearly stated, even if gambling sites make KYC mandatory, some underage people will still find a way to gamble, so I think it will be kind of difficult for gambling sites to stop underage people from gambling. But we can see some physical casinos that still allow underage gamblers, which is very wrong. If anybody visits the gambling site and they notice the person might be underage,  they should request a means of identification to confirm the person’s identity. If the person is truly underage, then the person shouldn’t be allowed to gamble.
Requesting random persons of an ID when you’re not an authority in that place is something very difficult to do. One, you don’t know this person and looks could be deceiving in some instances.
Your best option would be to call or notify the authorities at the betting company and when that isn’t enough, you can notify regulators.

Still, the idea of underage gambling is mainly to comply with authorities and to ensure no one is been down played because of how little they know of a field. Also, to ensure the individual is capable of making good decision, have some financial strength and could be answerable to their actions.

We might have a few who get away with underage gambling but it’s always at a risk of losing their funds and account as well.
951  Economy / Gambling discussion / Re: How Big is the online gambling industry today? on: September 07, 2023, 09:48:14 PM


According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?
it will depend on the trend of the sport itself because we have many types of sports. one of the most famous is football.
I think it was more of a holistic view to the studies without any specification on what sport but sports in general with respect to the gambling industry.

Well, it’s already so big as it is and could get even bigger should the government not overly step into the scene. The many gambling site in the space tells you more on what the market is producing and every CEO is out to take their pick. Even with the loses, you’re sure to have more gamblers turning up to gamble as, it creates both opportunity to make money and fun in a regulated way.

It will continue to transcend what myths and negative attributes to it still until it’s capped. Have you ever thought what meta would bring to the space… let me hold it there.
952  Economy / Gambling discussion / Re: [banned mixer] 🦁 Fantasy Premier League Pool ⚽ Discussion Thread on: September 07, 2023, 09:40:24 PM
Salah and Haaland? That's what I initially put together and then changed it God knows why.
It was the best way to go, too many good 6,5 midfielders were on offer and you could still assemble a good team with both Salah and Haaland.

The only problem I had with this setup is that you basically have a 12,5 player (Salah) who you won't captain that often.
I don’t know if I have to rethink my decision but, I’ve hit the idea of M. Salah being over priced to leave him permanently on my team (except in the case of an injury) but yeah. I don’t find him to be making the points for his price worth. He might be a midfielder but then, his the goal scorer for Liverpool and ought to be coming up with the goals and in turn, points too.

I have them both.  Grin

But you're right... I also think Salah will be on a roll this season.
His not manifesting like he would.
His last goal for Liverpool seemed more like a consolation goal for his time on the pitch. Maybe I have too much expectation on him but his prices enough to deliver like E. Halaand is. Halaand said, his back and we can expect him to be back at goal scoring. Could it be the same for Salah…

953  Economy / Gambling discussion / Re: Quit gamble! Easy or Hard? Let's talk. on: September 06, 2023, 11:51:26 PM
Addiction to gambling is same as addiction to drugs and other substances, The first solution to this is for the individual to be ready to come out of their addictions and this could be done by having some changes in the daily habits characters and activities that could settle all the possibilities of sliding back into the addictions.

So for that, we have to monitor all our activities,  to make sure that we are not overly getting involved in gambling and other vices that could possibly negatively affect our well-being.

Although I feel that addiction to drugs has more effect on the individual than addiction to gambling, I once said that some compulsive gamblers can steal money just to bet, and this also applies to some drug addicts in our region, but the level at which drug addicts steal things is very alarming; in fact, they can sell all their belongings just to make sure they take their normal substance. Also, I think that it is more difficult to convince a drug addict to stop than it is with compulsive gamblers, but they both have the same case for resolution of their problem, which is to first of all be convinced that what they are doing is wrong and have to keep in check their habits towards that which they are doing that is not right.
Apparently there are levels to this and one is overly higher than the other. Addiction is something that builds in the subconscious act of someone having cravings for a particular thing or activity and in most cases, it’s always that difficult to quit.

The best thing is never to form or develop the addiction in the first place. While drugs might seem to pick when compared with gambling addiction is because, it’s outlawed and you doing drugs is you already on the band side of government.

Meanwhile, drug addiction plays on your metal state of being and for some, it’s an escape from time and all that goes on about them. This pretty makes it a do without as it’s tailored into their lifestyle while, gambling. It’s a view thing and how financial sufficient you are. Those who see it for a means to survival always peaks in this scale but then, addiction only takes a gradual approach to being dropped.
954  Local / Off-topic (Naija) / Re: How the reality of the country the affect ur business? on: September 06, 2023, 11:32:02 PM
The hardship way dey we nation don change not just how people dey conduct business but also how people dey live life. People way no sabi apply caution on cost, dey learn am now. If you get 3 cars, you go pack 2 and use one. Na so the play just be for the country now and in many ways, e don change how people dey do business.

The thing dey reflect in management and how people dey try keep eye on every digit running in the books to avoid any funds from sleeping and how to transfer some of the expenses give the customers. Either to put an in the product or to come out by some means and tell the customers.

All these chain reactions is claimed by the hike in fuel price. This tells us where the chief source of the problem be and if we fit tackle am, things for better small.
955  Local / Nigeria (Naija) / Re: Bitcoin flasher on: September 06, 2023, 11:22:23 PM
I for like make you go into detail on watin really happen on the experience with this one but, e be like you skip that one and still, I feel say I get some idea of this sort of scam shah though, I no know say them don tag am with any name or that name even.

E Dey next to impossible for this kind of thing to happen without you firstly being lured to a website. Website way, them fit edit anything just as they please, just like scripts. E no matter if you create account with them or not, it’s their website and just as the authority on the website fit suspend account, they can do a lot on it as well.

One thing you gats know be say, bitcoin mo get fake. Once its send and confirmation starts, nothing like retrieval. So, in getting payments from person, you gats ensure say, the transaction get at least one confirmation.
956  Economy / Economics / Re: CBDCs are created for unemployment purpose on: September 06, 2023, 11:08:37 PM
It is about a Russian lawmaker that believes CBDCs will gradually displace fiat and traditional banking.

Can this be what would later happen?
I’ve tried visiting the provided link severally but, am met with a 404 error each time and as such, I couldn’t get the full story.

Still, I don’t see any much difference in having the CBDC functional from what we’ve got here with the mobile banking. CBDC doesn’t have much difference from what we already have in mobile banking.
It’s technically all fiat just in different forms and it’s going to need maintenance from time to time and some one to manage the proceedings.

I wouldn’t act like I know much about CBDC but, in many ways, people remain more comfortable with what they are can hold someone responsible and accountable for.
957  Economy / Economics / Re: Entrepreneurship and women on: September 05, 2023, 11:57:06 PM
In terms of work as an employee, women are always superior, but men always win in terms of logic and thinking. Entrepreneurs must have a good brain to think when they go there. while women are favored usually by their charming appearance. I believe their odds remain 50:50 and neither one dominates more than the other.
Men are always ahead of women when it comes to making big decisions. A man can make a difficult decision as easily as a woman but not so easily. A man will be ahead of a woman in many ways when it comes to becoming an entrepreneur himself. First of all a man is physically stronger as well as men have more quick decision making ability than women.
I think we’ve gone way past the stage of physical strength being a determinant for anything entrepreneurship. That’s so, 20th century and below.
We’ve come to a time where leadership skills and how well developed upstairs you are, coupled with some financial capacity plays a vital role. Of course, you’re in here to get that finance but the rulings am making is that, there are eras to it and the platform is very much leveled now.

What becomes a hindrance to most entrepreneurs is risk evaluation and how willing are you to take certain risks. This you could find men doing so well and you can expect them to be a little reckless in their risk evaluation. For some, it pays off while, others gets to get a bitter taste of there bad decisions.

When it comes to women, it’s hardly the case. They try to evaluate all that can be and thought might make some wins, they would get to miss some opportunities as well. Still, both gender are doing just fine in meeting up themselves on this plain.
958  Bitcoin / Bitcoin Discussion / Re: imagining what he will be like the last halving on: September 05, 2023, 11:48:49 PM
Yes, block rewards won't play any major role anymore because Bitcoin is designed that way.
Even around 2100, block rewards won't play any major role anymore because rewards will be very tiny.
How about this,
How about we try to value bitcoin based on the halvings.
Like, comparing the value of the block rewards as at 2020 to the value of bitcoin in 2016. In cause of this analysis, I’ll be concentrating on the block reward and value it based on ATH for each year of the halving respectively.

In 2016,
Block Reward = BTC12.5
ATH Value = $981
Valuation = (BTC12.5 X $981) = $12,262.5

In 2020
Block Reward = BTC6.25
ATH Value = $29,096
Valuation = (BTC6.25 X $29,096) = $181,850

The difference in valuation of block reward between 2020 and 2016 would be;
Diff. = $181,850 - $12,262.5 = $169,587.5

This is just to give an idea of what the increment or dollar valuation to every sat would be in the nearest future so, to a large extent, block reward would continue to play a role. My hypothetical thoughts.
959  Bitcoin / Bitcoin Discussion / Re: Government vs Bitcoin on: September 05, 2023, 11:16:03 PM
Lately, I’ve been trying to get some different insight to the government not having to back bitcoin. What would it mean to them and in the case of a flaw with developing technology, what becomes of the government and there stands in the event of a backing. To answer that;

Having to back bitcoin or cryptocurrency is the government giving assurances to its citizens that nothing could go wrong.
It’s a government’s responsibility for the safety of its citizens and a government that isn’t able to do that is a government that have failed in its purposes. Now, it’s hard having to do that on a currency that they can not control.

It’s the one reason why we appreciate the bitcoin idea, it’s decentralized and privacy nature which is, the only reason why government isn’t so bitcoin friendly. There are a lot other reasons but still, I don’t blame them for a gradual acceptance, it’s a process.
960  Bitcoin / Bitcoin Discussion / Re: When to invest in bitcoin on: September 05, 2023, 11:05:00 PM
Not only in bear market but the right time to invest in Bitcoin is when you're finally decided that you are a 100% sure about it.
If you or anyone wants to wait on a 100% assurance to invest in bitcoin, you just might end up not having to invest at all. That’s because, there isn’t any 100% assurance on bitcoin investment or any other investments out there. It completely undermines the risk factor of it and as such, you just might be doing it wrong.

You’ve got to understand the risk, have a good knowledge of what you’re about to invest in as well as how to safeguard your investment and that would be a green.

Those that are waiting on a bear market or a market at the dip to invest in bitcoin would end up procrastinating and never get to invest. It’s better you DCA.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 [48] 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 ... 252 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!