There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably. this original topic comes from a local topic that I createdRead More: https://bitcointalk.org/index.php?topic=5464037.msg62727614#msg62727614I agree that many people mistakenly consider trading as a hobby or casual activity. However, trading can be classified as self-employment because it is a serious job. The Big Indonesian Dictionary says that people who work for themselves are called entrepreneurs. A trader is his own boss. Since the market is unpredictable and constantly changing, it is recommended that traders have a stable secondary income to support their finances. By having a stable secondary income, you can maintain financial stability and reduce the risks that may arise from trading. Don't be influenced by other people's opinions. If you feel comfortable trading and making consistent profits, keep working towards becoming a professional trader. Learn and improve your skills.  |
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saat ini banyak orang yang membeli crypto termasuk juga saya, tapi dalam ribuan token atau koin, saya memilih membeli btc, bukan eth, jika kamu punya uang, crypto apa yang kamu beli, btc atau eth?
Dua-duanya. Bitcoin menjadi koin yang dibeli dengan jumlah persentase lebih besar dari Ethereum. Dari Bitcoin dapat untung, dari Ethereum juga dapat berharap untung. Kalau volume keduanya sama, memgharap untung yang sama pada keduanya tidak mungkin karena dari sisi harga sangat jauh berbeda. Namun untuk investasi lebih aman tentunya bitcoin, jika modal minim digunakan untuk investasi di bitcoin tentu profit yang didapatkan juga tidak begitu besar berbeda jika berinvestasi di ethereum karena harganya saat ini jauh lebih murah dibandingkan dengan harga bitcoin.
Benar. Semakin besar modal dalam kepemilikan Bitcoin, untung yang didapatkan pada pengembalian harga saat pasar bullish juga semakin besar. Namun dibandingkan dengan Ethereum pengembalian harga tidak akan sama nilainya. Ini tidak ubahnya seperti yang diatas. saya sangat mendukung dengan pendapat agan semua, BTC tuh kayak emas digital gitu  , yang stabil dan dipandang sebagai aset yang bagus buat disimpan dalam jangka panjang. Banyak orang membeli Bitcoin dengan harapan nilainya akan naik seiring berjalannya waktu. Jadi, bisa dibilang, BTC itu lebih cocok buat investor yang pengen pegang aset lama dan nggak terlalu banyak risiko. Meskipun harganya dapat mengalami fluktuasi, Bitcoin telah ada selama lebih dari satu dekade dan memiliki kapitalisasi pasar yang besar. Hal ini memberikan kepercayaan kepada investor bahwa Bitcoin memiliki stabilitas nilai yang lebih tinggi daripada beberapa cryptocurrency lainnya. |
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In business, capital is not just money, and money alone will not be enough as capital. If we can be trusted, have good credibility, have a good name, have skills, and have a good network then even in conditions without money we can pursue success. Moreover, many people are successful by acting as agents or intermediaries between sellers and buyers even though they don't have any capital.
But without capital, how can we build relationships, how can we create a good reputation...? It can be said that everything is closely related to each other and to be successful we need to combine it all. I have not seen anyone succeed without capital, or anyone have relationships without capital in these days. I'm not saying what you said is wrong, there are still some people who become rich from nothing but such stories are not many and we can't even see someone who can do that in today's society. Those stories were stories of last decade, they are no longer true in today's society. That's why people often say the poor get poorer, while the rich get richer. In my opinion, the opinion expressed by our friend is quite correct. Starting a business without capital is not impossible. Capital is not just money, but also involves credibility, good name, skills and a good network. We can take advantage of the trust, credibility and good name we have to start a business when we have no money. Customers will trust and prefer to transact with us because of our good reputation. However, you need to remember that even though cash capital is not needed, effort and hard work are still needed to run a business. In business, there is no guarantee of success without maximum effort. Maintain integrity in every business action we carry out. Don't disappoint customers or business partners by doing things that are detrimental or unethical. By adhering to integrity we will build strong credibility in the eyes of others. |
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So I have been trying to wrap my head around which is a better option, day trading crypto or buying for long term keep.
While they both have their pros and cons, they both come with a form of risk and they are meant to generate profit.
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better
I'm trying to understand what OP means, seems to be considering both options. OP realizes that day trading crypto and buying for long term storage have their own advantages and disadvantages. I think it all depends on our principles in terms of considering investment goals and the planned time period for investing, if you choose short-term goals and are ready to take higher risks then crypto daily trading is more suitable, However, if you have long-term goals and want to avoiding volatile price fluctuations, buying for long-term storage may be a better choice. Consider the extent to which you are prepared to take risks in your investments. However I suggest that If you feel more comfortable with lower risk and want to avoid the stress associated with active trading, choosing to buy and hold long term could be a more profitable option. |
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Introduction of blockchain technology as the basis of Bitcoin,
Enables secure, transparent and decentralized transactions.
does not require a third party as an intermediary. This is the advantage of BTcoin's innovative service with fast and cheap transactions, not limited by geographical boundaries.
Using Bitcoin as a safer and more privacy-preserving means of payment. and Bitcoin related innovative services also do
The development of digital wallets and trading platforms makes it easier for users to store, send and exchange bitcoins for traditional currencies. However, no matter how good the innovation is, of course there are risks that need to be taken into account, namely high price fluctuations and the potential for misuse in illegal activities. However, of course the existence of risk factors must be really taken into account by formulating regulations and education, with adequate regulations to ensure the sustainability and safety of this innovative service as well as
Properly educate users regarding the risks associated with this service.
With innovative services in the context of bitcoin, users can speed up and simplify financial transactions, as well as gain greater flexibility and accessibility. However, a good understanding of the risks involved is also important in making optimal use of these services.
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For me trading is indeed not the main job or job that should not be made as the main income to make ends meet, but that does not mean you should not be involved in the world of trading for life, because after all it is your own choice where if for example you feel fine and have the ability in terms of managing and controlling your trading well then there is no problem if for example you want to stay involved in the world of trading until you are old.
Another thing as I said above that in my opinion what is not allowed is to make trading the only job to make ends meet because obviously one of the reasons however trading will always be a risky activity regardless of the chances of getting profit, which is what is worried about is when you are in dire need of money to make ends meet while on the other hand you even experience losses in trading for some reason, and obviously this creates problems that have an impact on the family.
I agree that trading is not a job for a lifetime. Although trading can be a profitable source of income, there are high risks and market volatility that are difficult to predict. In addition, the ability to generate consistent profits in the long term also requires a lot of knowledge and experience. Akibatnya, untuk menghindari bergantung sepenuhnya pada trading, it is essential to have a broader financial plan and diversify investments. Additionally, maintaining a balance between your personal and professional lives is also crucial. Trading can be a part of a short-term or side financial strategy, but it should not be your entire livelihood. |
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First ask yourself who you want to be ?
Rich by wealth 90% 60%-80% ? Or 20% ?
What about the 1% ?
The wealth is info and knowledge what you know and others don't know.
You want to be that 1% ?
So you have to go against the 99% of the world so you get allmost like 99% of traders investors gamblers money.
If you want that go take your time and think what the 1% might be doing now ?
But there is same % of top winners and top losers both are the 1% so while doing some move what nobody don't know about you might lose all or win big.
Sure you can make good profit with btc or meme coins but that's not what the 1% will do now because too many people expecting and waiting the same thing.
Take now your time go learn the market think hard because If you could hit right you could make a lot profit.
Im busy to figure out what could be that 1% move the biggest jackpot.
It is important to live a balanced life between achieving the goals of wealth and success, maintaining important values, and establishing good social relationships with the people around us. Achieving success and wealth does not have to be the only focus in life, but must also be seen as part of a larger life goal. My opinion is that the 1% have leveraged their deep knowledge of the markets and careful investment strategies to make huge profits. They may be more inclined towards long-term investments and portfolio diversification, rather than relying on short-lived market trends such as BTC or meme coins. Their success often comes from a deep understanding of risk and wise financial management. |
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I’ve noticed that using online platforms lets you reach out to people everywhere, unlike before when it was pretty limited. Being able to measure everything online also means you can make your marketing better and more personalized.
This current age things are easy especially with the kind of technology in operating. And social media have made everything easy. You can use social media to promote your product you even need to spend much on promotion and marketing. Technology have opened people’s eyes and made everything very easy. Because one of the things that makes your product known to people is marketing. And if your marketing is good then the result will be known in the demand because people will find your products facilitating and will have high interest to buy your products based on the way it was presented. Because without marketing there is no way you will have good sales every business needs focus on marketing. I agree with his opinion, let me add a little discussion, first of all, maintaining the quality of the product itself is very important in determining its success. Even though good marketing can attract consumer attention, if your product is not of high quality, consumers will not be happy and this can close down opportunities for your business. You need to know who your target audience is, what they need, and how you can meet those needs. Create ideal consumer profiles and study their demographic characteristics such as age, income, hobbies and interests. This can help you understand the best way to reach them and shape the right marketing message. By focusing on consumer profiles, using data, focusing on social media, and testing experiences, you can definitely achieve more effective marketing results and increase the success of your business and attract audience interest in your products and services. |
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I noticed it from my country economy, which I thought is only my country that is experiencing this inflation until some of my friends who lives in other countries to confirmed to me that the inflation is global and is making the price of commodities to continue increasing every day.
Some products, I bought last year, it has doubled up this year and it makes people salary not to feed their family well like the way they use to used the salary to feed and still use it to set up some business in the community because inflation has takeover the economy.
I guess government will do something that will make the economy to improve higher, because people are not smiling with this global inflation because it the responsibility of every government to create a good economy for their citizens to experience.
Many did double up this year and I don't know for how long this kind of inflation will continue. That is because of different situations that we're facing from wars and those matters related to oil so, everything has been impacted by those factors. We won't be back to the former or if we are, it's not the same anymore and still far from what we used to witness at that time. While we can't do anything with it, the government truly is the first responder on this one and shall do matters this inflation. Inflation is undoubtedly a contributing factor in this instance, but a lot of nations are currently facing slow economic growth, which is one of the key indicators of a downturn in the world economy. The fall in investment is yet another significant indicator of the current downturn in the world economy. Because of the uncertainty, many investors are hesitant to provide capital to some countries. Please keep in mind, though, that the state of the economy is subject to periodic fluctuations due to a variety of factors, including alterations in international markets and governmental policies. |
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to fulfill one's own desires It can be a really fulfilling experience to turn our passion into a business. There is a sense of purpose and fulfillment that comes from doing work we love that other jobs just cannot match. Increased general happiness and wellbeing may result from this.
But no matter how hard we work to realize our goals, there will always be some risk involved. Beginning a business is dangerous, and failure is a constant possibility. We expose ourselves to risk when we turn our passion into a business, both financially and emotionally. It feels like a personal failure when a business fails.
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The Bitcoin network would definitely benefit from using the Lightning Network as a second-layer protocol to enable faster and more effective transactions, which could lower transaction costs and times as well as increase network scalability by allowing more transactions to be completed. Because the Lightning Network processes the majority of transactions, it offers increased security and privacy to Bitcoin users.
However, before the Lightning Network is widely used, a number of possible security flaws must be fixed. This is still in the development stage.
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It is for those people that have perseverance and patience that is a must for me in trading because you'll have ups and downs like the candles in your journey learning in trading, and mostly those not patient enough will quit along the way because they tend to want to take a shortcut and earn over night. Also, this means that trading is a skill that is obtained by a person, and without it, it is not for you, and you can't earn a penny from it unless you learn it from scratch.
I really agree with your thoughts, trading does involve a number of risks and challenges that not everyone is ready to face. However, even though trading is not suitable for everyone, there is no harm in people learning things related to trading, such as basic financial knowledge, analytical skills and learning how to manage risk, this can be useful for anyone, and can also learn about how financial markets operate. |
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Anyone who is familiar with digital bank? All I know is that, unlike traditional bank, they do not have the bank building hence saving them from all costs related to it. In my country, they are offering higher interest rates returns compare to their traditional bank counterpart. Anyone knows the reason why they can do that? Also, what is the pros and cons of using digital bank instead of traditional bank?
yes, that's right, one of the financial institutions that provides banking services via a digital platform without a physical presence is a digital bank, and offers higher interest which is very attractive, why is that, because of what I said earlier where digital banks do not have a physical branch network. In broad terms, in terms of that alone they save costs on rent, maintenance and salaries of branch staff, then can reduce operational costs. This allows digital banks to offer more competitive interest rates to their customers. Of course there are many advantages and disadvantages of digital banks in the world of banking. benefits, but also has several negative impacts that need to be considered, including cyber security risks, lack of personal interaction, service limitations and so on. |
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How to Equip Yourself with Essential Knowledge to Succeed in the World of Cryptocurrency
As the world becomes increasingly digitalized, the importance of financial literacy, especially in cryptocurrency, cannot be overstated. With the rise of Bitcoin and other cryptocurrencies, it is crucial to be knowledgeable about these assets and how to invest and manage them wisely. However, the question remains: what is the role of education in financial literacy?
While some people believe that hands-on experience is the best way to learn, it cannot be denied that education in economics and finance can provide a strong foundation for success. Higher education can teach valuable skills such as critical thinking, data analysis, and risk assessment, all of which are crucial in the world of finance and investments. It can also provide theoretical knowledge that one would not otherwise acquire through everyday experiences.
On the other hand, some argue that education in finance and economics does not necessarily equate to financial literacy. They point out that many successful investors are self-taught, and that practical experience is the best teacher. Moreover, they contend that education in finance can often be expensive and not accessible to everyone.
Despite the differing opinions on the role of education in financial literacy, it is clear that individuals should seek out knowledge from a variety of sources to best equip themselves to succeed in the world of cryptocurrency. This can include following cryptocurrency news and social media, reading books and blogs on finance and investments, and seeking out practical experiences through investing and trading activities.
In my opinion, equipping yourself with important knowledge to be successful in the world of cryptocurrency requires a deep understanding of several aspects. Which we must know the basics of blockchain which is a decentralized digital ledger that records all transactions transparently and securely, so we must know about crypto currency, types of crypto wallets, how to maintain the security of crypto assets, including avoiding fraud and cyber attacks. Besides that, we also have to understand market analysis and trading, including regulations and legality. |
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To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.
People's understanding of Bitcoin appears to differ across the globe, potentially with certain areas having less familiarity. However, with the internet becoming more accessible worldwide, individuals are gaining greater exposure to information about Bitcoin. Sharing perspectives and insights on this digital asset remains essential to enable informed decision-making on a global scale. |
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That's really a very attractive offer, right, but I personally am not at all interested in the offer given as the OP mentioned, I myself believe more in everything that has a process, to achieve success or profit in investing with crypto, that's not instant, unless luck is on your side, but believe me, if you have knowledge, effort and consistency, I think success will be on your side.
I completely agree with you that everything requires time and effort; however, I'm curious to find out more about the OP's strategies for accelerating my income generation. What specific tactics or recommendations do you have to offer? As I share my knowledge in this forum and am always open to new opportunities, perhaps the answers offered will spark new ideas in me to help me make money more quickly. |
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Binance has said before that they're good listing a project for free as long as they think that you've got the best project.
How to achieve that? I don't know, maybe make the most impressive project after all and you'll get a free listing from them.
If it's cheap listing, you're likely end up with those exchanges that don't have that much reputation and volume. Increase your budget and you'll get what you're looking for.
It is absolutely true what you say that Binance is known as one of the largest crypto exchanges in the world with daily trading volumes that often reach billions of dollars. There is no fee to register on Binance. Apart from that, I saw from several sources that there is a 25% discount if you use BNB (Binance Coin) to pay the trading fees. then crypto deposits on Binance are free. In terms of security, Binance is very tight and also provides various features and advantages, so it is not wrong that Binance is the right choice for various types of traders, from beginners to experienced ones. |
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If you want to mine bitcoin, you will need to buy ASIC. This machine is very power and generated higher hash rates. Buy the new ones that produces more hash rates starting from S19 or higher version. You need cheap electricity. The ASIC consume electricity a lot. You will need to calculate the electricity the machine will be consuming before buying it at all. You can not mine bitcoin with GPU not to talk of CPU.
NotFuzzyWarm provided a link, read it to understand more.
This is pretty clear, to mine Bitcoins efficiently, you need special machines called ASICs. These machines are very powerful and can produce high hash rates, which is very important for the Bitcoin mining process. For the best, buy newer versions, like you said S19 or higher, as they can produce higher hash rates. Although many people agree that Bitcoin mining with ASIC machines is the most efficient, I have a slightly different opinion. I think there are some things that could make ASIC machines less suitable for some miners, such as cost issues; ASIC machines do not have extraordinary performance, but the initial cost of purchasing these machines can be very high. Investment for small miners or individuals just starting out |
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i only plan to carefully write the seed on a piece of paper (or better engrave
the seed on steel) before leaving. That being said, i noticed that Electrum
said that BIP39 seed might no longer be supported in the future, and, one the other hand, if i
create an Electrum seed it might not be accepted on other devices. Since my
aim is obviously to have access to my BTC later, i'm puzzled. How can i predidict the
standards in ten years?
Perhaps saving the master private key as a QR code might be a better idea...
One of the importance of seed phrase is the ease to back one’s wallets without having to store the master private key or any key at all. I get where you’re concerned about, like electrum not been in existence again, currently there is a BlueWallet that is said to support the custom seed phrase from electrum wallet. But aside that should they stop to build/develop the wallet again, another developer could easily build it up since its source codes are open. But also if at a time there is no wallet that supports the seed phrase, you can still generate the master private key from the seed phrase using tools because the method it uses to generate its seed is not that different from the Bip39 seed phrase. So there is nothing to worry about In choosing the right crypto wallet, the seed phrase is a very important factor. For what reason? therefore making it easier to support wallets without the need to store secret keys. With the open source code, other developers can take over or rebuild the wallet, although there are concerns if the wallet stops being developed. Don't worry if there are wallets that don't support seed phrases. With other tools, you can still generate secret seed phrases. This method is the same as using a Bip39 seed phrase, so you don't need to worry about the availability of wallet support because the seed phrase is easy to use and secure. |
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I always do local transactions with an exchange house, it is the safest for me because I do not have access to banks nor do I do any type of transaction to give the government a way to be investigated, if we start to see the exchange houses already have their ways of being able to evade or pay taxes, not us, of course what I did was the following, go to the exchange house that exchanges local currency for Eur, DOLLARS and COP, I must emphasize that at first it was very difficult to get , because they had not adapted to this, but currently there is and there are many associated services, also with Binance it is fast, the bad thing is that Binance is very centralized and can give some details of our KYC to governments when requested
In the context of local transactions, the significance of security and privacy cannot be overstated. Individuals, particularly those lacking access to banking facilities or prioritizing financial discretion, perceive a heightened sense of security when utilizing exchange house services. However, it is imperative to acknowledge the inherent risks associated with such services, notably concerning service reliability and the safeguarding of user data. Furthermore, it is pertinent to recognize the jurisdictional disparities in tax legislation and enforcement across nations. Consequently, it falls upon each individual to fulfill their tax obligations in accordance with the prevailing laws and regulations of their respective jurisdictions. |
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