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1  Economy / Trading Discussion / Re: Lack of capital or knowledge, which one is holding traders back from profits? on: May 13, 2024, 07:44:01 PM
If everything were so simple—to accumulate some capital and follow the ready-made path of trading, which necessarily implies profit—would there be stories about unsuccessful traders? However, we often see the opposite. There are a lot of people with money who lose it due to insufficient preparation, too many emotional transactions, etc. However, of course, having a lot of money comes with the great privilege of learning from mistakes and creating your strategy step by step. Compared to those who do not have many chances for additional attempts due to a lack of funds.
Lack of capital usually suggests a small starting capital, if you have 1 million dollars then yeah you would learn how to be a trader with time and by the time you learn it you would still have a lot of money, although there are people who lost a million dollars on leverage because they are idiots who risk way too much, more than they should.

In reality, I agree that it is about trading and how to do it, because there isn't any ready made path, it takes a lot of work and a lot of studying to become a trader who would be dynamic enough to know what they should at what moment. Trading isn't something we can just give a paper and tell someone to follow it, this isn't some food recipe, it is something you need to learn with time.
2  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: May 13, 2024, 07:01:31 PM
In the Salernitana match, Juventus performed very badly, failing to win and almost losing to the lower team, Juventus played quite confidently with quite lot of attack attempts but all were in vain.
They only scored one goal and it happened in the second half when added time, I saw it didn't finish because in the middle of the second half Juventus game was boring.
I thought they were going to lose but it turned out there was goal and draw, even so, this was still not the optimal result because Juventus should have won easily.

Next season they will play matches in the important UCL competition, if their performance does not improve significantly then it is clear that they will be quicker to qualify.
I don't expect much from Juventus next season in the UCL competition.
Honestly they have been like this for at least 3 months now, take their average points per game on the last three months and you will realize that they would be at the very best a mid level team, not a high level team. They had an amazing start for the season and that allowed them to be good the way they are so far, without that great start they would have been terrible by now.

The fact that they are going to "probably" finish the season at top four, after having such a lousy three months, is the testament on how the great start happened, because it was seriously looking like they may have win the title over Inter at the start of the season, now it is a shock that they are still in the UCL stages of the league when you look at the results.
3  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: May 13, 2024, 04:48:52 PM
Real Madrid recorded a very high success percentage when they were in the final, especially with their good performance and it was also better than Borussia Dortmund, so it is very natural that they are believed to be champions this season. They are a solid team, even though they rely a lot on young players who they collaborate with senior players, but I don't see much difference, that means the young players that Real Madrid have are successful in their game.

However, I also agree that in football anything can happen, because it is possible that Borussia Dortmund will present a surprise that could make Real Madrid lose this match. That is not something impossible in football, we are shown that very often. Even though the chance of this happening is quite small, once again nothing is impossible in football. Real Madrid must be wary of their opponents, because honestly the pressure is on them now.
I mean they are Real Madrid, they always end up being great and I do not think that it is going to change all that much, we should probably see the situation as in their favour easily. I am going to end up betting on them and I do not expect Dortmund to have anything that would look good for them.

This is of course something that will get them to just fight even harder, I do not think that it is zero chance for them to get a win, because it is the finals and they have come thus far which means that they shown themselves to be a force to reckon with, but to be fair we are talking about Real Madrid here, they get the win they need one way or another. I said the same thing about City last season, and yes Inter played well but in the end they lost.
4  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: May 13, 2024, 03:12:42 PM
both teams have the same mission but with different visions, the draw obtained by Girona certainly opens up hope for Barcelona to be able to regain second place and play in the Spanish Super Cup as well as certainly open up opportunities for Barcelona to win the trophy later, besides that I think getting the second rank will also of course still be able to maintain the prestige of Barcelona which has been one of the big clubs in La Liga With Madrid, so I think Barcelona will of course continue to aim for victory to be able to end the season as high as possible in La Liga.

The match will of course be very exciting because Real Sociedad will certainly also aim for 3 points to be able to secure a ticket to the Europa League next season, currently Real Sociedad and Real Betis are only 1 point apart, so that later if Real Sociedad wins then they can get 6th place and have a greater chance of qualifying for the Europa League next season than Real Betis,  Especially if you look at the rest of the Real Betis matches that must meet Madrid in the rest of their matches later.
Barcelona is by far the better team and I think they are going to have something that will benefit them in the end because Sociedad definitely wants to win and there is no doubt about that but trying to be second is a lot more important.

I think Barcelona will play better and they will get that win, I mean they have to, there is no other way and while Girona already gave them a chance to take over, they should take that chance and use it and get the win so that they would be able to go out and get the win and be the second place team. I am not really seeing how anything else would be fine for them. I believe that Barcelona is also the better team, when you compare the squads you will realize that the rosters are not the same in most cases.
5  Economy / Economics / Re: USA Economic and power status will go lower new Country will take over on: May 12, 2024, 08:48:20 PM
Honestly, every nation in the world that became the biggest eventually ended up going lower and lower and eventually not be that great. However, that doesn't happen within one lifetime span usually, it usually takes a lot longer, centuries. So, could we see USA becoming smaller in our life time? Is that just so happens to hit right now when we are alive? Or will it be another 200 years later?

I have absolutely no idea and can't know. I do agree that eventually one day in the future it will happen but I have no idea if that is in 20 years or 200 years which is why I wouldn't really hold my breath and expect them to get worse. I think the clearest situation here is the fact that we are going to end up seeing things change with time, and other nations just get more leverage over USA.
This is what I agree with as well, we are seeing that most nations are getting weaker, which is the power that USA has right now, if there was another nation that got super stronger while USA was getting worse, then we would definitely see that nation take over, but when you look at it every nation is getting worse and we should probably see USA getting worse while keeping that number one spot, I know that seems like not a likely thing in most parts of history but that is what we are seeing today.

This is why I agree that it may take decades, even centuries before anything else happens. Look at all the world powers in the world, none of them looks like they could rival USA at all turns, sure maybe better at some things, but be the power status that USA has.
6  Economy / Economics / Re: Take care of your money and learn to save. on: May 12, 2024, 06:48:31 PM
Money should planned for, we don't have to spend recklessly because we have it at the present, have we ever think about it if we don't longer have the money, money draw friends close as you have already said but absence of money does the opposite.
Money have to be invested into something meaningful, am not an advocate to saving money, although we can have a little savings for ourselves but the major thing should be investment, investment is long-term venture, when you invest your money, you are building a good future for yourself and you unborn children, I didn't say that savings is not good but I think having your money in the investment is better than keeping it in cash that's why I will always support investment, money should have a good channel to multiply, it should not be stagnant without yielding profit.
This is basically how people usually get rich. If you end up writing down some sort of plan before you even get the money then you would know how to live and what to expect. If you write down your bills, your food expense, your rent etc etc and spend accordingly then you are going to end up with something that will do fine in the end which should be doing fine if you know what you are doing.

I personally believe that the best thing to do right now would be just following that plan that you write. If you go without a plan then eventually you are going to end up spending money that you are not expecting as well. This debt will eventually grow to be bigger and I am sure that it will make a lot of people upset when they realize that they overspent compared to what they make as income.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying more of the Dip on: May 12, 2024, 05:38:23 AM
Any can you coin you are purchasing right now you have to be very careful and also consult to your research very well before you invest and hold every person will be telling you to buy now that the price of everything is low in the market final as the price of the market is going high so that in Next month it will make a profit so what you need as a good investor is to watch their environment and check coins that will valuable for to invest and make profits
It is important to remember this when a good investor buys more in a bear market because you may have bought something at an average price and after a few days the price goes lower, you can buy more if you have the financial strength to invest which will show up in your portfolio at the average price and then more. Guaranteed sale at high prices. If you have fixed long-term investment goals, it is recommended to maintain an aggressive approach to investing in small amounts at regular intervals.Having the freedom to decide which altcoins to invest in after extensive testing where the opinions of investment advisors are evaluated.
That is basically what DCA is all about, and some people do that very well and hold it for many years, and some even aim at decades (like me) because we know that on the long run it is going to make us some money. Now, I am going to be honest and the reality is that I do that mostly with bitcoin and not with altcoins, because I see altcoins as a way to make more bitcoin and not make more dollars, I see bitcoin as a way to make more dollars.

This is of course allowing me something much better, which is the fact that I could sell one of my coins and buy something else. Like for example last year I sold my ADA and bought SOL and now I am seeing how great of a decision that was, probably my best ever decision, I don't normally make that kind of good decision but I am very happy with that one.
8  Economy / Speculation / Re: When is next significant correction coming? on: May 11, 2024, 08:44:02 PM
This correction was the one that probably was the last one, I do not expect to have any other big corrections to be fair and I am not sure why would it even happen if you ask me as well...
Surely many people are praying and hoping this is the last adjustment before we enter the most anticipated price increase season. But I have other thoughts and hopes, I hope that there will be a final adjustment in September/October this year and that will be the last chance for those who missed the train and those who want to optimize their investment. But to be able to achieve that, I hope that by July or August the market will soon recover and grow again before another major correction. This is just my speculation and plan, I hope it will happen.
In my opinion, bull season starting at the end of the year will be the perfect time.
Yeah true, we are really hoping that starts soon because we all expected it to happen one way or another and by the looks of it we are seeing some situation changing with time, not a lot of people realize this but this hyped new one could be bigger than anything else we have seen.

Not because of the amount of money to be made, bitcoin can't go up 1000x like it used to, of course we won't be making that much money (at least not from bitcoin itself) but the growth and legality of bitcoin is at all time high. We literally have that ETF that we have been waiting for, you know how long that took? This is why I believe that we are going to go up for a while longer when this bull run starts, and I am expecting a big increase for sure.
9  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: May 11, 2024, 05:20:25 PM
Again Ronaldo showed his big contribution in this match. He scored 1 goal and he contributed for the last goal scored by Brozovic. Toward the end of the season, Ronaldo keeps good performance. It is a good sign for the next season, he still has a motivation to win the league and be the best player in SPL. We must appreciate him, a 39 years old still can do this great performance.
SPL belongs to Al Hilal and Al Nassr because they're competent of handling top decisions. Ronaldo have proven to us that age is merely a number and we've watched how high he has attain and will continue to dominate and strive for titles. Al Nassr have always been the top team that's capable of measuring high level of success in tournaments and thrashing opponents. Cristiano Ronaldo keeps showing his potentials to explore and bagged goals for his team. He's not relenting and always deliver when Al Nassr lean on him to deliver.
We have to give credit where credit is due, while I believe that it is Ronaldo that is keeping Al Nassr at the second place and be this good, I also believe that it is Jorge Jesus who is making Al Hilal this good as well. I believe that if you kept Talisca healthy and gave Jorge Jesus to Al Nassr then we would have seen an Al Nassr championship this season as well. That dude managed to realize the strengths and weakness's of his squad and what the league is all about, and he planned a strategy according to that.

It is not always about what you are given, but more about what the other teams have as well, if you could arrange a situation that makes one side of your squad weak, but other teams are weak there too, then you should be fine, he studied the league very well.
10  Economy / Speculation / Re: Bitcoin price predictions gone silence since the DIP. on: May 11, 2024, 05:45:22 AM
I believe it is because the people who thought that the price of bitcoin will skyrocket after the halving are disappointed as the price of bitcoin didn't go as expected, so they are in silence waiting for the next move. This is the period that no one can speculate any price, because bitcoin has proven to a lot of them that it is impossible to predict the next price movement of bitcoin.

On the other hand, the OGs who already understand how the market works that after the halving, it takes few months before the bull run comes are also sitting and watching with relaxed mind waiting to see what happens next.
I do not understand the people who expected it to go up because after every halving the price went down a bit. But, we are going to see it rise eventually, we just need to make sure that we are going to do fine, that has to be the most important part of this deal, and could get it be a lot better with time.

I think it is going to be very important, we should just focus on what we could do and with that in mind I think that we are going to increase by the end of the year. So all those people who sold, will regret later on that they sold because we are going to make a lot of money from it. Obviously not those people, because they will get in way too late when it is already high, because they did not buy when it was low, they sold at the same time.
11  Economy / Gambling discussion / Re: Why do people lose in gambling and still go ahead and bet more? on: May 10, 2024, 06:25:52 PM
One of the major common problems with gamblers is being to expectant, gambling is a 50/50 game, a game of risk and chance, there's every chances of losing and so are there chances of winning, but they must also remember that the chances of losing are way more higher than that of winning so being too expectant of a win all the time might just mess up one's mental composure just as you've earlier stated.
Again, too much expectations brings disappointment, but when you just play and expect nothing but the fun and the thrill of the game, rather than the outcome of the bet.
Due to house edge, most of the time it is more like 49/51 to casinos favour which means that you are not going to get what you want out of the gambling because even if you end up with just straight up one loss and one win back to back all the time that means you are going to lose all of your money. Realizing that you are going to lose your money no matter whatever you do, is a way to do better on the long run and should be something that we care about.

We cannot really make a lot of changes at all times, but we need to end up doing something that could benefit everyone as well. It is not that easy and it takes time but realizing it eventually will make you richer because you will stop trying to make money from casinos and you will start to see them as just entertainment and nothing more.
12  Economy / Economics / Re: Invest on your dependants if you too must grow further on: May 10, 2024, 05:19:54 PM
There is a popular quote that says until everyone around you is rich then your still poor. It's same thing here with your concept, we must always elevate the people around us to be free financially, if you're the only person free financially it turns out that you will not still be free in a short time because you will tend to lift all the bills from your household on yourself which I consider as same as suicide.

If you want to be successful then your people have to be successful, you have to take care of your family, friends etc that as so dear to you to the next level for you to go more high. In general we should always extend our hands to people who needs it as it will guarantee our success too.
Human capital development is the best investment that every one should embrace, it is very dangerous if you don't invest in your own people and people around you because it this may amount to disrespect from your relatives and again they may have bad plans against you if care is not taken.
Just imagine if you invest in people that solely depend on you, don't you think this people has automatically become an asset, there are some hands you will be needing in your office, this people can help in solving the problem too, the most good part of this is that,once this people start getting their own money you will be relieved of your financial burden and thats it,teach people how to make money, don't give them money because by so doing you are making them lazy.
Helping people around you is a costly thing, I should know because with just one salary that I have, I try to help with three households. I try to take care of my own house, I try to take care of my spouse's family, and I try to take care of my own family as well.

I can see why that would feel like such a troublesome thing but at the end of the day we are talking about a situation that I can't stop doing at the moment. What is the alternative? Just let them be poor and have trouble all their life? Of course not, they took care of us when we were kids and took care of us very well, now it is our time to try to take care of them, surely the economy is much worse nowadays so it makes it a lot harder for me but I keep doing that. It is not easy and that is why I hope bitcoin goes up a lot to help me a bit.
13  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: May 09, 2024, 06:55:31 PM
Roma can still qualify for any of the European competitions including the Champions League but it will depend on the ability of the club to win all its games and other top teams losing their games. They will keep gunning for a European ticket until the end of the season. If they they fail, however, next season will be a great opportunity for De Rossi to prove his worth.
It only takes 4 points if As Roma wants to enter the Champions League and fully hopes that Bologna will lose so that Roma can catch up on points. If you look at As Roma's game, how do they want to enter the Champions League when in every match they get a draw in their last 2 matches?  , plus having to focus on Leverkusen's match in the Europa Cup is very confusing for As Roma in a situation like this.
I agree that it looks like Roma will probably not go to top four with the way they are playing right now. The scary thing is that they started their De Rossi period quite strongly and that made them think that they made a good decision by getting him, which could be true as well.

However, they started to lose points left and right every week, which means that they could have been at top four already if they won those games and they still ended up failing to win. This means that they are getting worse, and if this is the case for the long term then there is a potential that next year they can start the season with De Rossi, because he had a good start, but then next year they could be bad because it would be more like how it is going right now and not how it did at the start.
14  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: May 08, 2024, 01:23:02 PM
I really want to ask anyone who is a Manchester United fan. If management decides to part ways with Ten Hag at the end of the season, then which coach do you really hope to replace him?
You have these names

- Amorim
- Conte
- Mourinho
- Tuchel
And even graham potter. I'd like to see united to recruit amorim as a new appointment. Mourinho is not that bad to be resigned by united again. As long as it's not ten hag, im fine.
I do agree that Amorim would be great, but at the same time if I understand anything about what is going on with United, there is a possibility that they would offer Mourinho the job and would do worse than even this season. They are just that type of team, they do not know what to do, the management is the problem and the fans know it and they just live according to that.

I am aware that it is not an easy task, and we should probably avoid making any predictions, because picking the next manager is always tough, but making the absolute worst choice will always be something we can count on United owners to make, they have always been so great at that. I am sure for one season they will do fine, and then everything will go horrible yet again.
15  Economy / Trading Discussion / Re: What people some people don't know about trading on: May 08, 2024, 08:34:54 AM
I believe you will earn a decision if you have a real determination and dedication to study it. And I can agree that 2 years of study trading it can be considered that after this time it is for sure that you can get a profit somehow trading.

It is impossible for you to get a profit. Because it is very important that you have a passion in this field, because if you do not have it it is for sure that the study you do here will be ignored.
I do agree that 2 years of studying trading would be more than enough to start, however I would like to remind everyone that you need to make sure that you are doing fine with the rest of it as well. You can't just study trading for 2 years, start trading afterwards and never study trading after that all your life.

You need to keep studying it, you think people had BB or EMA 20-30-50 years ago? Of course not, it must have been invented something in the past few decades, meaning that things evolve and there are better ways of trading learned every day. So you can definitely start trading like that, but you need to keep on studying after you start trading as well, keep doing as well as you possibly could, will get you a lot better.
16  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: May 08, 2024, 03:38:41 AM
You have a point when you say that, but the problem is that most people are just stubborn and don't know how to listen to what some say honestly. The others don't stop immediately because this is often done by some who are still trying to chase the amount of what they have already lost.

It's really very simple: when you're really caught playing, you should stop first, and what some say is right: just come back another day, and maybe on that day you might get lucky. It's like that in gambling: there are days when we are lucky and there are days when we are unlucky.
That is true, if you are feeling like you are doing something wrong, or if the results are not the way you want, then you should just stop gambling for the day, doesn't mean that you should come back very next day, sometimes it takes longer than that, and you should consider how you could get better and better with time. I hope that we could see the situation changing eventually, but there is nothing that can be done with the results we have.

I believe that if you could wait like a whole week, that would be even better because by that time you will start to basically not care about the previous results and when you start to gamble again, you will not be able to actually get any worse or better, because you will not care, that's how it works on the long run.
17  Economy / Economics / Re: Take care of your money and learn to save. on: May 07, 2024, 08:28:22 PM
It is true that spending money carelessly is a problem, but at the same time people are keep forcing the regular people to live frugal life instead of seeing the real problem; companies becoming greedier.

Do not drink starbucks every morning, do not get your avocado toast, do not buy the new iphone, do not go to a vacation you can't afford, do not get all the subscriptions, do not get ... and so forth and so forth while the rich guy just spends 10 billion to shoot himself to space, I am sorry but wtf is wrong with people that we are taking the last ounce of happiness life provides to these low to mid level income people, and not looking at the reality that corporations make tens of billions of profit while not giving their workers any proper raise? That is the real problem.

Wages are way too low right now, and as long as that is not fixed, you will get poorer and poorer, eventually they will tell you that eating three times a day is bad, and you should eat twice, because that is what you will be able to afford anyway with the money these companies pay us.
This is such a good take, I couldn't put it any better myself even if I tried. It is such a shame that people do not see the real problem and overlook that issue and just keep telling people to live smaller and smaller. We are in the period where we have the most in the world, innovations grew rapidly and there are so many things, and people are failing to be able to buy just a home, something people used to do so easily.

I am not saying that lets all have lambos and yacths, but we are in a world where the median income doesn't get you a home in 5 years worth of salary in most places of the world. In my nation, 5 years worth of salary wouldn't even get me a car, let alone a house, but definitely not a house. Why not look at that and just focus on saving?
18  Economy / Speculation / Re: BTC Sentiment Poll for May on: May 07, 2024, 08:06:59 PM
I just voted No for the May disposition of Bitcoin in reaching $75,000, I certainly do not think so. Bitcoin has its own trouble and halving that many rely upon will not be an automatic saving grace as quickly as possible and Bitcoin is facing a whole lot of liquidity issues at the moment (additional capital much enough to breach the ATH) which might tarry for a while more. In case many do not know, it was helped to rise last week due to some factors, which include the FED's Dovisness on Wednesday and the many important news on Friday which later attracted a positive outlook in a short-term disposition, but for how long?

We should be so thorough in our reasoning here and do not think that it will hit the ATH of about $73,850, talkless of moving above it to hit $75,000. I also suspect a scenario where the market will move sideways, it might be moving within $73,850 (ATH) and $56,480 (bottom of the recent fall). A break of either side will announce where the market will truly be biased afterwards, but for now, it is too early to say it will rise or fall.

Nevertheless, unless there is strong news/event that will shake the market, I do not think that $75,000 is feasible, it doesn't have that prospect to garner such liquidity that will make that level to be encouraging in my opinion.
I wouldn't really think that it would be impossible though. I said yes because I think that even if it doesn't happen that doesn't mean that it would be impossible for it to happen. I think it's quite possible for bitcoin to reach 75k because we had a bad April month, so we could have a following up great month as we commonly do. If that is the case then I am sure that we are going to end up with a lot better result eventually.

We shouldn't really be considering the situation we are in any better than what we had or any worse, we do not know what the future holds and we are just assuming what will happen. I am sensing that we are going to do fine and not going to have any issues, but I can't really guarantee something like that.
19  Economy / Trading Discussion / Re: In order to reach your target, don't rush! on: May 07, 2024, 07:21:53 PM
This is a good approach and a good advice, a lot of people try to get rich as quick as possible and most of the time that is not a good idea, you should try to avoid that as much as you possibly could and what you do with the time you have is the best thing you could do, take your time.

I believe that a lot of people try to do their very best in most cases, but that usually ends up with them not realizing the mistake they are making, which is why it is smart to just avoid all of that, and try to be a lot more greedy. Don't be greedy, don't try to 10x your money in a week, that is usually something that will make you lose all your money and you should consider how you could do a lot better with some time, and that is how you should approach it.
This is true, we need to realize that it is not going to be a simple thing to make a profit, and if you end up rushing into profit you will lose. The reality is that a lot of people see others who made a lot of money online and they want the same thing, of course they do not get the same thing and this makes them super mad.

I think it would be quite good and understandable that we are going to get something bigger out of this and should be important in the end. We can't make it work any other way, we need to just focus on what we could do, and that is how we could get better eventually. Not a lot of people see this possibility and they are not willing to wait for it, if you are not willing to wait then you are going to end up losing.
20  Economy / Economics / Re: Not your keys not your funds Banks on: May 07, 2024, 05:54:55 AM
...
But i feel that crypto and cash are real money the bank balance on my bank account i feel little sceptical yes banks are safe but still i need that feeling that at least some of my funds are under my own control.
You have control over the cash and crypto... as far as the money we keep in the bank, we have control as well, but not total. The bank can limit/deny our access to that money if they think there is a reason for doing so. Of course, it doesn't happen that often and it doesn't happen everywhere, but there have been cases in the world (especially during the coronavirus).

Well, it's simple actually... banks are the "middleman", a third-party service, and with crypto, the need for that "third-party service" is eliminated. We can store/keep coins, we can move them as we like, and wherever we like, we can adjust fees, so basically we can do alone most things that banks do.
That's the thing I always think about when I imagine making a lot of money in the crypto world, like lets assume for a moment that you got lucky and someone sent you 500 million dollars, why would they of course but this is just assumption to show something else.

If you had 500 million dollars in your wallet today, how would you turn that into money in your bank account? That's not easy at all, you would need to test out small by small, plus most exchanges do not let you do that all at once, so you need to do it slowly, and you need to make sure that you do not send all of that to an exchange or something that will keep it, you send like a million, and then you send to your bank, and then you take care of the taxes, and then you do it again 500 times until it's all done, and you will face a million problems while trying. So all in all, having 500 million in crypto, trying to turn that into fiat in your bank account is quite hard when you think about it.
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