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1  Economy / Trading Discussion / How has trading been for you during this Ukraine and Russia war on: March 10, 2022, 12:37:56 PM
How has your trading been lately with this Ukraine and Russia war. The market has not been stable since this war have started and yesterday bitcoin volatility was a little high and later dropped, now trading on a low at $39k.

Of course trading is bull and bear, profit and loss  Shocked

So what is your experience so far during this war?

I'm like wanting to know ....
2  Economy / Trading Discussion / (Day traders) Are you on long or short at this bull run ? on: November 09, 2021, 10:50:30 AM
This is especially for daily trader, the market has been on unstopping bull since the beginning of the week and has not given chance for a little correction for the bear to be spotted, if you try to go bear, you get burnt for the moment. I have this chart that you see the waves pushing upwards.


So what do you think of any slight correction inview or $70k is just going to be touched before any correction back to $65k ?
3  Economy / Trading Discussion / Don't lose your profit unnecessarily on: October 30, 2021, 03:13:39 PM
As newbie I have not bothered about the profit that I have missed taking out just because that I believe another profit will fill up for me. I have been on this for some time but with my growing knowledge in the trading business, I now seeing it differently that the profit I didn't take was gone and another profit that got filled is a different profit entirely which means I may have been made more of profit in the account and lesser losses. Lately therefore I take profit as it comes and this has worked for my trading experience. It is not scalping if you see your profit going down the pit.

What way do you take your profit ?

Or you feel the regained profit is same profit that you lost  Huh Roll Eyes
4  Economy / Trading Discussion / Traders always learn to leave when the ovation is loudest on: October 27, 2021, 04:24:41 PM
This is important to a day trader. I like to relate this to comedians. In comedy , I see that the comedians usually leave the stage when they have made a hit joke that cracked audience up real good and they just tell you there time is up and at this time the applause is higher the more. This leaves the comedian happy in his closest while the audience too enjoy the feel of their money.

In relation ton trading too , when you are at the top of your profit and you are not sure or certain of the next market spike or movement, instead you waiting for take profit you can exit the market and go with happiness with what you made already before price crash because most times when ovaction is laudest, some audience might start "criticizing and you get a wipe"  Grin
5  Economy / Trading Discussion / Weekend Trading, how do you feel about it? on: October 24, 2021, 01:23:53 PM
Hello friends happy weekend to you all.

What do you think about Saturday and Sunday trading Huh

Considering it with week days which do you see as profitable or they are just the same thing to you.

I like for us to share how we feel about these two trading times, if you make more profit more or loss more on any of week days or weekend trading.

As we know trading is just about how to make profit.
6  Economy / Trading Discussion / The psychology of stoploss on: September 24, 2021, 01:44:42 PM
I'm believing that many traders here don't like using stop loss and the reason is just within our first guess, they don't want the stoploss to take them out.
In my own situation , I also didn't like that idea of getting to loss to stoploss but my orientation have changed towards that because stop loss is better used than not to be used.  One benefit is your just loss a little part and you can carry on with your trade, after all trading is about profit and loss. This is a good mentality to succeed. If you are in the habit of readjusting your stoploss and take it further, you can stop that because the price can chase you there

For newbie traders and more experienced traders, I do also believe you having the dilemma of using or not using stoploss especially when it takes you out frequently but to such, the problem may be with your trading strategy and not stoploss.

So what is your challenge to using stoploss?
7  Economy / Trading Discussion / Do you want to quit trading ? on: August 27, 2021, 06:36:20 PM
Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.

Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?
8  Economy / Gambling discussion / Women in Gambling on: August 02, 2021, 09:39:45 AM
Gambling is looked at as the business of men just like football but these none of these are exclusive to the men folks anymore even though it still carry the face of men becyof how society relate with it. Things have started changing with the known saying that "what a man can do , women can also get it done". I'm also yet to see the men area of live that women have not dived into.

On gambling, I see the increasing speed of women also in this area especially with the opportunity of growing online casinos and poker games that they can play from home alone or with their husbands. But for physical gambling that they need to visit a gambling store, maybe they still a little withdrawn not as online either because they are shy or just not convenient for them .

What could make a woman take to gambling ? Can it be for fun or for the need to make profit for the family?

However, I have below women that have distinguished themselves in the gambling games.

Quote
Judy Bayley, known as the First Lady of Gambling, was the first woman in Nevada to own a gambling establishment. This was in the mid-1900s. History has shown that where there is a successful man, there is a successful woman.

Quote
Women continue to succeed in the gambling industry, though they’re still often viewed through a male lens. Today, more women prove themselves in many male-ruled sectors, and this trend is set to continue.

Faces of Women That are Known in Gambling



9  Economy / Reputation / Show of Appreciation, A Senior Member, a new responsibility on: July 28, 2021, 09:08:26 AM
Concisely, I really want to thank every user here who have found time to merit my account until I rose from default Edit: Full member to now senior member. I have to admit that the journal has not been easy but what makes it easier IMO was that I wasn't in a haste or trying to get attention to attract merits, I just enjoyed my time as a full member, I saw it as a game even when many users ranked up leaving me behind.

The lesson is that your time will definitely come if you keep putting effort. You are going to be identified one day, surely.

About identification, yes it will come for you just like it came for me as the only award winner among the applicants in nutildah's
Bitcointalk Urban Achievers Merit Scholarship Program thread , for whatever reason that I was the only one among the applicants, I don't know but I'm surely greatful for the favour.





Find a strong point for you and focus on it, try to educate and share knowledge, correct users constructively, don't be rude. For me for example, Trading discussion is my cool spot and I try to share knowledge that I can on the board, newbies take note.

Don't spam merit giveaway threads just to get attention for merit as some high ranking and discipline users won't budge to give you merit there , why? Because you are simply and intentionally spamming.

Oh... I thought it would be concise enough  Grin

Thanks all.
10  Economy / Economics / Is this a gang up against cryptocurrency? Or ways to regulation? on: June 28, 2021, 12:57:49 PM
Lately some government have come hard on cryptocurrency in trying to ban activities or stop people from crypto. India and Nigeria have a restriction on their people from freely using or hodling crypto, although that of Nigeria is to crypto accounts in the banks but that is part of restrictions. Now the latest country to come with another policy in line with restricting patronage of crypto is UK.
UK BAN ON BINANCE

UK is restricting Binance from there service in the UK and warning the people against binance.com. These restrictions looks to me like a means to regulate the activities of cryptocurrency.

In my own reason, I think we get this kind of news whenever the market turns bear after a good bull run and the government politicians have cashed out.  Grin Shocked
11  Economy / Trading Discussion / Fear : The Debacle of a Trader on: June 12, 2021, 12:21:49 PM
For a trader in this business, fear is a big treat to your winning or losing a trade and whether you like it or not, it is there in our daily trading but it is in different degrees.
Sometimes fear helps you to be happy at the end of the close of trade by the time it pushes you not to click the trigger of sell or buy which later turned that it would have been a lost trade and likewise while you didn't trigger the buttons and it turned out to be a profit trade and you go regretting, that is what fear can do both ways.

FEAR IN DIFFERENT LEVELS

1. Fear of losing out in a trade: This kind of fear is the type that makes your fingers nostalgic or feeble until you trigger the order. The reason you eventually trigger it is because you feel you don't want to stay outside the trade while it "builds profit" but the funny thing about this is that most times when you rush in into such trigger, the market direction immediately changes against you  Grin
Lol, does it happen to you? And the next minutes you are out in loss. Fear factor right ? It pushes you here and there, not good for trade.

2  Fear from not taking your chance: This is another level of fear for me as a learning trader. This level, you see glaring chance to make good trade on a short time but you are not sure whether to go in .

3. Fear of not milking the market: See as a trader, there are times that the market present you an opportunity to take back if not all your losses for the week but a reasonable amount of it but that fear of reversal of direction won't allow you to stay longer and fill up your profit adequately. You rather choose to run out and you watch like a cat outside while price keep filling your existed direction. That's fear, unfortunately you regret outside.

SOLUTIONS TO FEAR IN TRADE

1. Be stable and determine to take your chance based on your strategy. Stable and determined in sense you don't just trigger when you are not suppose to do and to trigger when you are to do so.

2  Don't depend on luck: Trading is different from gambling. Trading has all the guidelines you need in fundamental and technical analysis

3. How to get in and out: You need to understand your trading strategy, know if and follow it, that small voice that guides you and your pattern needs to be followed

4. Don't forget your money management and stop loss: This point is important, I have seen a trade in profit without analysis but you are not scared because you have applied this point and have put exactly how many percent of your capital you want to risk in the trade.
12  Other / Beginners & Help / History of the name bull and bear market on: June 04, 2021, 12:18:08 PM
Bull and bear



Bear and bull in trade market (both Forex and cryptocurrency) is linked to animals and that is due to their behaviour in attacking an opponent

In the first place too , the history of their names is significant to the way they launch an attack during a fight.

Looking at the name bear: A bear, bears are carnivoran mammals of the family Ursidae.  

A bull is an intact (i.e., not castrated) adult male of the species Bos taurus. More muscular and aggressive than the females of the same species.  

Both of these animals are known for strength and power

Therefore, in relation to the market direction, bear means market plunging downwards and this is tied to the animal bear. The animal bear usually go attacking this way.

Facts about bear and bull market

Both defines power and strength.

You need to identify the particular direction of market, either bullish or bearish

You can take advantage of both kinds of market to make profit
by employing the right strategy.

None is preferred or better than the other in the real aspect of it while in trade.

There is a little bit of bull in bearish direction and a little bit of bear in bullish direction.

You will be swallowed up if you trade in opposite direction.

Finally, a trader can make good profit from either kind of the market. The myth around bear for losses is not true if you spot your bear and sell.


So trade with care and use stoploss.



13  Other / Beginners & Help / My cryptocurrency experience on: May 26, 2021, 03:15:25 PM
This is what I notice in the little time I have been here.

Apart from few months after halving, I have noticed that news is one important factor that will increase or decrease the price of bitcoin. And when price affect bitcoin, it gradually affects altcoins and you see red all the places. For example, when the recent deep happened, all altcoins also went down.

I realize also that at every bull or bear, the market is waiting for a news to change the direction. Like such news from Elon musk is capable to do that and now I realize the power of such influence on the market. The fud gradually caused huge dump because it created panic, though price is recovering as bitcoin is appreciating.

Also that anytime that there is adoption news by influencial personality or institution, price increase because it means more investors would leverage on that. I remember this when PayPal announced the use of 4 cryptocurrency including bitcoin, it gave an increase in price and that pushed for the current ATH.

My conclusion therefore is to take note of these factors as they have shown to be indicators of direction of where price may move to.
14  Alternate cryptocurrencies / Altcoin Discussion / ICO and its risk, research properly on: May 26, 2021, 10:38:57 AM
ICO is acronym for Initial Coin Offer, it is also like the public companies call Initial Public Offer (IPO). Just as it is to raise capital for the company for its operations, it is for crypto the same thing alike. The difference however is that you can see the public company, visit them or make enquiry about them from regulatory bodies and most times the government won't allow them to scam the people. It is more secured compared to ICO.

ICO is quite riskier to invest on because it is less regulated and that is why it easily scam you off your money. This is the reason you need to be careful and research more.

While researching on ICO projects, you need to focus on

1. ICO organised by existing company already: This is because that such companies have reputation to protect. A good name always carry customers to your domain so they may not scam.

2. Search for ICO that has the support of reputable company or are in partnership: Just like number above, same thing can apply here, the image is greater than scamming you. Ensure the company has a great history, anticident and performing.

3. If it has the support of a reputable user on the forum: At least the user know that they will be legit before supporting them because of reputation.

Always remember that above all, ICO can scam you so be
sure to research and invest in the tokens of companies with a strong reputation with clear business model.

ICO is such as supporting a vision and you don't need to ride on a car rode by someone with blurred vision because you will be destined for dome even before it started. You have to invest in a token which shows exactly how the project is going to benefit you as an investor.
15  Economy / Economics / The University of Pennsylvania gifted $5m in btc from anonymous benefactor on: May 22, 2021, 10:19:08 AM
Quote
According to the university, an anonymous benefactor gifted UPenn’s Wharton School of Business $5 million in Bitcoin (BTC) — roughly 118.46 BTC at the time of publication — which will be used to support the Stevens Center for Innovation in Finance.

Here you can read

The school after announcing it requires a minimum $10,000 donation received $5 million in btc from someone not disclosing identity.



I don't know about you but the major factor of blockchain is that it allows sender to stay anonymous if you choose to and I think I like this part. You at any point can choose to stay hidden in transactions you do especially gift. The freedom of choice is well guaranted by blockchain.

It allows users :

Freedom: Yes it gives you the freedom of choice to stay anonymous by not disclosing to receiver your identity (although it also has its disadvantage when you send to wrong wallet  Grin )

Humility: I see humility too because interms of gift, when we don't disclose to our benefactor about our identify, we simply displaying humility and to say
is a small world and we just have to show care, love affection without announcing ourselves. After all , the bible says when we are gifting with the right hand, we shouldn't allow the left hand to see or be aware of it

No Trace Left: Sure on that because blockchain only leave your hash transaction and that only confirms you can monitor the transaction if it is yet to be confirmed and after confirmation, you just have to move on and can't do a trace of real off line identity, only wallet source

16  Economy / Economics / The Reason Bitcoin Investment will be preferred more than Oil on: May 15, 2021, 11:03:48 AM
I would prefer to invest in bitcoin than oil because of certain reasons and facts: Here

Amongst other things, bitcoin is a new generation innovation whilst the world is moving forward and not backwards. It is going digital and bitcoin is already well designed to take up the challenges of futuristic busy financial system that fiat can't handle.

To buttress the point more that bitcoin will be preferred in the future, we need to see the below headline



The below are more
Excerpts from the cars already made using electricity





Read here
17  Economy / Speculation / These reasons are enough to get bitcoin to keep rising despite Elon Musk Fud on: May 14, 2021, 05:40:48 PM
The recent deep in bitcoin was pushed to Elon musk creating fud about bitcoin and that dropped the coin to about $48,000+. However, bitcoin looks like it really has different strength on its own to have a resistance against any fud created against it by an individual because it is a community project and decentralised.

I also saw some factors that will continue to keep bitcoin at the top.

Quote
Many crypto startups have emerged in the space during this pandemic to cater to the ever-increasing demand for bitcoin and alike cryptocurrencies



1. Institutional Adoption: One of the big factor for the recent bull of bitcoin is this. Big buyers entered the market and that increased the volume of trade that leading to price increase. What makes the difference is that institutional investors are not dumping because if they are dumping, price would have gone deeper faster after Elon musk tweet but price is beginning to stablize gradually.

2. PayPal and Cryptocurrencies: I remember this was another point that pushed price from $50,000 to the current ATH seating at $64,000. The announcement caused a spike in the market and bitcoin will keep enjoying this collaboration and for more that will come.

3. Bitcoin Halving Driven Scarcity:Surely too , halving has been historic and such a big factor that will always cause for a new ATH, we all know this.

4. Accessibility to the Public:Bitcoin has no restrictions on the quantity to purchase despite the challenges from countries that try to restrict the use but more means like P2P are used. So this is a convenient and decentralised financial system for the public

5. Bottom Line:This is just not the high of bitcoin. You may be looking or thinking it has gone up that you waiting for huge deep, but it may not be easy to catch.

Educate yourself better here
18  Alternate cryptocurrencies / Service Discussion (Altcoins) / Bounty managers should try to help bounty hunters get their rewards on: May 04, 2021, 01:04:19 PM
This is an issue that should be attended to . Bounty managers should always have it that they need to assist hunters to get what their reward is. Some developers have taken from hunters what their benefits are.

There are some points that should be tackled about this...

1. Ensure that rewards are distributed before they go into exchange. This is because when the coin goes into exchange and starts performing and increase, developers find it difficult to redeem the promise. Dego bounty is an example on that.

2. Always have a good bargain protection for hunters so that no matter what, the reward will go to the hunter after the bounty.

3. Suggest payment in valuable altccoins because protection of workers should be important to any company.
19  Alternate cryptocurrencies / Altcoin Discussion / Dogefather goes live on CBC on: May 03, 2021, 01:07:19 PM
Elon musk has been the huge figure behind dogecoin and he has made some tweet in his handle lately that has made dogecoin fly really high. Some of such tweets are captured on the quote below

Quote
Musk tweeted quite a bit about Dogecoin in February, posting comments like, “dogecoin is the people’s crypto," "No need to be a gigachad to own,” and, “No highs, no lows, only Doge."

Following that flurry of tweets, the price of dogecoin surged more than 50 percent.

ON SNL(Saturday Night Live) May 8 , Elon musk is set to appear at NBC show. He said he would talk about dogecoin at the show. Musk is about to pump doge more and just announcing to attend the show has boosted the doge to going back to the ATH



20  Alternate cryptocurrencies / Speculation (Altcoins) / I Predict $20,000 for dogecoin in 5years time on: April 29, 2021, 03:09:55 PM
Dogecoin has been different kinds of low level names in the past and in the present but the altccoin seem to have woken up to prominence and maybe it could keep sustaining the move as some altccoins like bnb, xrp, Ada, ethereum have done. Despite the name calling, the growth of dogecoin has really gone pass many so called promising coins and it is now at the 7th spot in crypto ranking.

Therefore, maybe dogecoin can get to $20,000 and above in 5 years time  Grin Grin just like this user predicted the price of bitcoin in the beginning
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