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1381  Economy / Trading Discussion / Re: Trading and financial planning. on: September 22, 2022, 08:36:21 PM
There is no substitute for trading as well as financial planning. A trader needs to be aware of these two things to make profit from trading. The risk of losing wealth in haphazard investments is definitely high. Moreover, no investment should be made depending on the temporary movement of the market. Due to the bearishness of the market, certain events will happen frequently, so a trader should not concentrate on that, he must remain steadfast in his destiny.
It's not easy, of course, to become a trader, like it or not, they need to keep learning and have a strong mentality,
In addition, risk is an integral part of investment.
the market will keep moving and that's why traders shouldn't concentrate on just one thing
No business that you work hard to make money could be considered easy, this one involves risk as well but all of them does which is getting fired. If you are working as an employee somewhere, then you need to be good at your job to earn a lot, but if you are a trader you are your own boss and could make money easily with this.

Like for example FED increasing rates was a known thing beforehand and it was clear that it would drop the price of bitcoin so it was an easy decision to short it, which made a lot of people a good amount of money. If you know what you are doing, it is not any harder work than being a good employee that earns a decent wage.
1382  Economy / Economics / Re: California sues Amazon, alleging its policies cause higher prices everywhere on: September 22, 2022, 06:26:04 PM
The problem is that a lot of people migrate to neighboring states such as Arizona, Texas and Nevada as a result of sky high tax rates in California, and these people after coming to NV and AZ vote for the same sort of politicians who push tax rates further up in these states. And in the end, these states will also pursue populist policies and end up similar to California. And I don't have any sympathies for those who reside in CA. They deserve whatever they get, after electing people like Nancy Pelosi, Dianne Feinstein and Kamala Harris.
The problem is not the taxes, it is the high income individuals, there are other states with high taxes and democrats in charge and they do not have this problem. There is a great understanding among the republicans to keep on showing California as a failed state to get votes in other places, but we have seen horrible states managed by republicans and amazing states managed by democrats as well, should we just make deductions based on that?

It's the people that makes a state good or bad, if it's a good person and a republican then they will make it a good state, if it's a good person but a democrat they will make it a good state, look for good people, not policies, republican ideas or democrat ideas, laws of both side, as long as managed by people with good hearts and intentions, could make any state better.
1383  Economy / Economics / Re: How Will Investing Help the Economy of a Country on: September 22, 2022, 10:24:02 AM
There are many countries which has made freelancers tax exempt - I think they are from south asian countries
The freelancing has opened the new doors for people and they no longer run with the cv for the work - rather they are their own boss and they are happy with it
It's also better for them because every profit they get can be directly enjoyed for themselves. Because looking for your own profit is always better than working for someone else who is paid a special rate. Because no matter how much salary other people give, someone will still be under someone else's rule with special instructions and he will never be a boss in the company as long as the old boss is still alive.
It makes sense because freelancer works for people outside of the nation, gets paid, and then spends that money inside the nation. Let's say you are in a south Asian nation, like Vietnam, you may dislike them because of the history but you end up working for an American, and then when you get paid, 500 bucks is nothing to them, and American pays you 500 dollars, you take it, you pay your landlord, your bills, your food, your fun, everything from there and suddenly Vietnam economy is 500 dollars bigger thanks to that.

If you have millions of people working like that, working to get money from other nations, that would be very very profitable for everyone. Plus it helps drop the unemployment rate as well.
1384  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you stake stablecoins now? on: September 21, 2022, 09:15:52 PM
staking usdt and the likes is better idea than investing in meme coin that fluctuates massively. I think even though it gives relatively low return it still better since it has low chance of making you lose all your investments in the long run meanwhile meme coin in general could literally make your investments vanish into thin air.
of course if you have bigger capitals you will definitely get more returns in the long term.
that's a pretty good understanding. this is indeed better than choosing a meme coin to invest in. however, although the benefits are small, but this is better done while holding the money we have. Unfortunately, if it's a large amount, I might consider a bank deposit more. it may be safer, and awake. however, until now, I still haven't staked on the stable coin that I own. it's probably because I'm more active in trading than stake.
not at all time , because if you do remember back in 2021 that Meme coins such as Dogecoin and Shiba Inu makes its hype and brings greatest profit from its holder and investors though this is really a risky idea yet ? still profitable right? though staking is far safer than just investing in meme coins that there are no concrete direction .
maybe I will choose investing in Bitcoin and some part will be staking and there are very small amount to put in meme coin , this is a complete diversification and safest.
Hype is never a good enough of a reason to invest into something. Doesn't mean that it wouldn't be a good one at the right time, but does it really worth the risk to invest into them right now with the hopes that you would be getting into it at the exact right moment before it takes off?

Other coins that are serious and fundamentally good are supported by the tech it has and the way they are growing, they are literally making it a big thing by working on it, whereas meme ones go up or down based on how much it's hyped or not. That is why I honestly do not believe that it would be a smart decision to invest into them. Staking stablecoins at least has a known future, calculated and can be known.
1385  Economy / Speculation / Re: Will BTC reach 45k before this year ends. on: September 21, 2022, 02:16:51 PM
Although it is not difficult to reach $ 45k, but if you look at the trend that continues to decline and today drops to around $ 19k then I think $ 45k will be difficult to achieve, if you look at the trend and predictions according to the graph, the highest price is $ 30k because in 2022 left for about 3 months.
actually it is a thing that no one can tell , there are several chances for this to increase specially if the war from Ukraine and Russia stops , and the economic situation of America will recover , and also those events from crypto that will take place since there is Ethereum Merging and there is also a Mt.Gox paying people .
hopefully that there will change in progress and we will be seeing more of these in the coming weeks and months.
I agree that there are many different ways that bitcoin could recover as well, and 45k could happen this year, all it depends on is hearing the news and that is going to be a great day for crypto. It could be number of things like you listed, but the important thing is if we are seeing those type of things happen right now or not, and we are not seeing them so far. It just requires a bit of time before we can see them and will it be before the year ends or not? I do not know if it will be before the year ends, but I know that it will happen.

This is why I am investing no matter what, doesn't matter if it is going to happen now or later on. I know that it is not going to be cheerful moments when bitcoin price ends up being low for the rest of the year, but if it goes up super high in 2023 it will be great for everyone.
1386  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH might be classified as a security after switching to POS on: September 21, 2022, 06:08:04 AM
The people commenting with BTC: BTC is proof of work. This has come because ETH has become PoS after the Merge. Unless BTC does the same, highly unlikely, that there should be no SEC or other issues. If Johny transacts with Pete, both in the US, the transaction is under US jurisdiction. Otherwise, no.
I still think even that wouldn't be under SEC for sure, it will be done via exchanges like coinbase or crypto.com and that means every move you do is already followed, I do not think that anything more is needed like securities.

XRP was tried as security considering how we are literally paying for them to continue their business, they need people to do transactions to keep the chain going so they can use it to help banks or other financial places to move money around the world and we all know that's SEC business, and even they didn't get any trouble. So, there is absolutely no possible way for ETH to become a security neither, it will go on like usual.
1387  Economy / Trading Discussion / Re: Need some advice on: September 20, 2022, 08:48:30 PM
We do not recommend taking and following trading signals from other people or any group because we do not know them. In addition, we also do not know whether the signal will work well for us or if it is just their prediction signal that is not from their analysis. We often find people sharing their analysis in group chats, which can risk making us lose some money, especially if we don't do further analysis. Self-learning about trading will be more profitable because we can learn a lot about analysis, allowing us to have market analysis skills.
It is that first 10 days isn't it? In the first 10 days you will see if they are fake or not, if they can make you money or cause you to lose money and that is a risk that is not worth taking.

If you are feeling like you could take a little bit of risk with some of your money then you could do it but wouldn't make sense to be fair, I would personally suggest you to not do that, but if you have some excess that you feel like you can take on more risk then you could. In that case, you will see that people would invest into things that are not really that awesome and it would cause people to lose a bit of money but if they win, then they figured out a good addition to their current system.
1388  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you stake stablecoins now? on: September 20, 2022, 12:02:18 PM
The yields on staking stablecoins usually tend to be really low. In Terra's case they had billions of dollars from the Luna Foundation to subsidize higher yields for a while until it collapsed. Some decentralized exchanges will incentivize you with their own native token to increase yields but those tokens usually dump hard and that extra APY will be reduced so much it is not worth it to stake stablecoins. If you only care about APY then centralized exchanges will be the better option in the long run.
That is quite true, the low return is something that should be very much in the minds of the people as not so bad though, if they want to stay in the fiat world. Imagine a scenario like this, you are in crypto, bought bitcoin and ethereum, and they went up so much that you imagine they will be eventually down, like bitcoin is at 100k and ETH is at 10k, and you want to get out. What do you do? You either go directly into fiat and cash out, or you go to stablecoins.

In that case, is it better to stake and earn something from them, or do you prefer if they stayed the same? I do not support staking stablecoins as an investment, but as an option, it’s better than just to hold them.
1389  Bitcoin / Bitcoin Discussion / Re: Describe what Bitcoin has done for you on: September 19, 2022, 05:38:12 PM
Bitcoin has changed my mindset that was previously not open to practical things. I used to prefer saving money. but I realized the value of my money has become less. every year. I also find out about the best investments. then i found bitcoin. That's where I started buying bitcoins too. although fluctuating but so far I have benefited a lot. because I was lucky to have entered bitcoin when the bitcoin price was below $19,000. Bitcoin has been useful for me to store the value of my assets.
That is the most important information I learned as well. I used to think that the best way to have money was to save it, but then I learned that most rich people do not even have money, they have debt.

Look at all the big companies in the world, they literally have cash and debt together, they could pay for something in cash, they have that much, and they still prefer to get a loan to do that instead of using their cash, because they rather grow their asset size, and to do that, instead of using 100 million dollars to buy 1 thing, they spend 20 million and get 80 million debt, hence they can use that 100 million to get 500 million debt, which means their asset size would grow 5x that way.
1390  Alternate cryptocurrencies / Altcoin Discussion / Re: Will you buy a token if its price never went up and you could never sell it? on: September 19, 2022, 03:09:02 PM
Are you describing fiat before bitcoin was created? Cheesy

Because those were 2 characteristics of fiat for me back then, since I didn't have access to another currencies, so my local fiat currency was the only option I could use, therefore it was impossible to sell it. Moreover, without access to other currencies the price of my native currency was always fixed.

I don't miss those times and for that reason I wouldn't adopt this kind of token. It's too restrictive and goes against the wide freedom we are looking for when dealing with cryptocurrency.
But at least fiat can be used to buy and sell goods or can be exchanged for another currency. I am thinking of him as referring to a scam coin, there are a lot of coins created and sold on junk exchanges or DEXs. It is only possible for us to buy coins, not to sell them or convert them into any other coins. It could be said that when purchased, it is a bit like buying a collection that is of little value to hold in one's hand and admire. Surely no one wants to buy such a coin, if so, only those who are new and ignorant in the market will be fooled into buying it.

You could use it for buying goods, or selling goods, but at the same time we are talking about something that is quite effective on payment method. However, we are talking about something that is about investment and we shouldn't really be worried about the payment part of it.

If you were given a choice to invest into something that never goes up, always goes down in value, and you could never sell to get rid of it, then would you "invest"? That is the question and to be fair everyone would say no. That is why I never try to have fiat as investment, I always invest into other things, I am going to start getting into debt just to get some good assets like these as well eventually.
1391  Economy / Trading Discussion / Re: Crypto day trader groups on: September 18, 2022, 03:08:19 PM
I have a question! I am looking for an active messenger or telegram group (other platforms..) of crypto day traders to share information, signals, news...
Do you guys have any suggestions? Smiley

If you'll find any, most likely they are going to ask you money before you could join and have signals everyday that there's no guarantee you'll get profits. If you get unlucky, you could lose a lot of money with their signals and ended up having nothing, which is more frustrating because you lost your money using someone's decision.

Instead of looking for groups like that, there's a lot of tutorial on YouTube, just to have a basic knowledge about trading, and the rest is up to you to figure out.
The both possibilities are bad, and you will end up losing your money one way or another. Signals are basically the way people check indicators and tell you what a crypto "should" do, doesn't mean that it will do what it should, more often than not there are many coins which does what it shouldn't and go to opposite way.

This is why I am not expecting them to really have a difference, it will probably be a group that tries to make their money not via trading but more from the customers that come along the way. Anyone who charges you for indicators will know that it is not a guaranteed income and customers are a better way to make money from since it's steady method.
1392  Bitcoin / Bitcoin Discussion / Re: Some say Bitcoin is dead but Bitcoin is not dead on: September 18, 2022, 06:34:20 AM
When the price of bitcoin drop to $18k many said bitcoin will crash  0. I don't really blame people who talk bad about bitcoin, they think criticising bitcoin will make people not to buy bitcoin.  With all the bad things they say about bitcoin,  people still go for bitcoin as the best digital currency.
This kind of thing will always be with us, because until now there are still many people who do not like bitcoin. And when bitcoin experiences a bloodbath, of course it becomes an opportunity that will be used to create new fears. Yes they assume that bitcoin will soon meet its end.
And it's true we can't blame people like that, only time will tell, bad words about bitcoin.
Those people are waiting for a chance to be right, they have been too late to bitcoin and couldn't make any profit from it like we did, so what they want to see is bitcoin dying so that they could say "I was smart by not investing into bitcoin, you are an idiot for investing into something that died" and every time it goes down they believe such a thing is possible.

But, the reality is that we just had a drop in the prices just like any other market, look at other markets and you will see it too, and that was the main reason why I believe that we have invested into bitcoin because it moves like other markets when it is about direction but the amount it moves is huge.
1393  Bitcoin / Bitcoin Discussion / Re: Well! Bitcoin doesn't have this problem on: September 18, 2022, 05:35:19 AM
It wasn't really about the Bank but the Lebanese Economy that has more or less collapsed by mismanagement as a sectarian elite borrowed with few restraints, so, no matter the amount you have in your Bank account, Withdrawals of hard currency have been limited for most people since 2019 when the value of the Lebanese pound plummeted and inflation soared.
Source
Even if the bank had the money, they wouldn't have been able to give that amount to her and even with her action, she still couldn't get the total amount she wanted.
So until Bitcoin is widely accepted for payments across different sectors of the economy, we might still be dealing with this type of Bank issue.
And that isn't just a singular event neither. We have seen banks and economies of nations collapse all the time, and governments or banks seizing the money of the people until it gets back to okay, basically stealing your money until they can pay it back, has happened in other nations before as well.

Cyprus comes to mind, happened about 10-15 years ago and they were getting everyone's money if they had more than certain sum. So long story short, this happens, it happened before, and it is happening right now, it is just different nations but the fact is that crypto would allow you to have 100% control over your money whereas others do not give that option.
1394  Economy / Gambling discussion / Re: UEFA Europa League 2022/23 Season on: September 17, 2022, 09:48:02 PM
Man United are currently planning to get a new attacking player next season
After this season it's clear Ronaldo will leave Man United for another club
That performance from him wasn't bad at all, the coach has said when he is match fit he will score more goals
Since Ronaldo is not interested in staying at Manchester United, Ten Hag did not include Ronaldo in their match plan. Moreover, even though Ronaldo got a chance to play in a few Europa League matches, he did not play well. For these reasons, Ten Hag is not giving Ronaldo a chance to perform in the Premier League. Manchester United need an experienced attack at the moment if their aim is to win the title.
Still though? I mean it is clear that Ronaldo wanted to leave and couldn't, that much is already known and his name has been in talks with so many clubs. But we are beyond half of September now and United already played so many games, do we really think that there is a chance Ronaldo could still leave? If that's the case then Tan Hag is doing a good move because why play someone that will leave eventually, find a way to win without him, and they are doing decently so far, bad start but a good recovery.

However, if the Ronaldo transfer ship is already sailed and he is going to stay, it is better to find a way to put him in the games from the start, they could really use him.
1395  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum (ETH) on Its Way to $2,100, Top Trader Says ! on: September 17, 2022, 11:41:49 AM
It is good news that Ethereum merge was completed successfully yesterday but its price didn't increase as many market participants had expected which is very disappointing. Ether is down more than 9% which reflects market didn't celebrate seamless merger of Ethereum. In the long-term conversion to proof of stake will have good impact on its price because it is anti-inflationary but due to overall weak economic conditions all financial markets are not performing & so is crypto.
I would guess that the best thing to do would be waiting a bit longer, the price may have gone up already calculating the merge and then when it happened people who bought because of it would end up selling, and the increase that happened before the merge could be attributed to it.

On the other hand, we are talking about a long term solution to ethereum, so why have a short term price increase, I believe that the increase in ethereum price (and in return all crypto) will happen in the long run and that is why we need to wait a little longer. When people see the great benefits of being in proof of stake, they will end up buying more and more, increasing the price to new heights.
1396  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: September 16, 2022, 09:31:24 PM
And another problem might be because they are trying to play really defensive football. They have to be a little more attacking in their approach if they want to have more success in my opinion.
This Juventus team is mentally unprepared to play at this stage. Whoever watched the Champions League match a few nights ago, will understand what I am talking about. The first 20-25 minutes, it was all about Juve. They kept the ball, attacked, controlled the flow of the game. And then bam! For no logical reason, they completely stopped playing football. They get pushed into their defensive half, they can't complete two passes, and lose any sense of what they are doing. No self-confidence, zero character, and a losing mentality not worthy of this historically tough team.   
That is mainly because they didn't expected it to be this difficult. They thought that they could play their usual style and they would win, but the moment they started to play, they realized that it wasn't so simple here and that caused them to go back on defense.

Champions league and Serie A are very different, you can't just hope that the other team would be easier to beat, you can2t even expect that from teams that are coming from worse leagues, remember that sherrif upset on Real Madrid, the team that won the title? I mean these type of things could happen if you expect to play like a regular season domestic league game for sure.
1397  Economy / Gambling discussion / Re: F1 Formula Sports Racing - Sportsbet.io promotions & discussion thread on: September 15, 2022, 09:20:02 PM
Vettel coming back ? Are these rumors ? Having any truth behind it ? or simply speculations?
From what I heard Vettel may indeed "come back", but not as driver. He may come in charge of the rules / changes needed in F1 for making it (much) more climate friendly.

There are far too many young drivers who want seats in F1, and Seb is the "keep his word" type of person, so I think that (unfortunately!) expecting him to come back as a driver is too much and has no basis.
I agree, Vettel said he is going to retire and he is going to retire for sure. There isn't any "unless...." situation, there will be no reason for him to comeback.

If the situation was about money or team, he would say that he is going to keep on racing if a decent team offered him something but he will no longer race for Aston Martin, that way he could have found himself a spot in one of the middle pact teams, would be hard but could happen. He just wanted to retire for good, not team change, and f1 climate thing could be great for him, he wanted it badly and maybe he could put a lot more emphasis on the ERS and make the teams turn into e-formula a bit more, can't be fully that, but could definitely help increase the value of it.
1398  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: September 15, 2022, 03:36:23 AM
Yesterday's home defeat against Eintracht in the Champions League showed just how weak Marseille are. Marseille have shown a good streak of results but it is clear that they will not have the strength to continue at the same level as PSG all season - unexpected results like yesterday will happen in Ligue 1. And even if, due to some miracle, Marseille can share points in face-to-face meetings with PSG, I am sure that by the middle of the season, Marseille will lag behind PSG very much.
What happened to Marseille yesterday can happen to any team regardless of their form at the moment. Marseille enjoyed more possession of ball in the game but failed to utilize their chances to score goals but I don't think their defeat is as a result of their weaknesses rather I think the luck was not on their side in the game at such they couldn't score a goal. With the performance shown so far by Marseille in Ligue1, I don't think the team is going to drop points even though they face PSG which is their biggest problem in the league right now, they can go all the way to beat PSG when they face each other If  they attack very well and do well in their defense line.
I still think that people are overrating this Marseille team, I mean they are of course not terrible and of course they can be second, each year we see a different team be a beast and they look like they have the biggest chance to be second.

However, the fact that some people expect them to beat PSG is a bit beyond what they should be capable of. It would be awesome for them if they can achieve it of course, but I do not think that they would be able to achieve such a thing and they would lose the league title if you ask me. However a good progress continentally and being second in the league all equals to a good amount of money, which could be sustained success if they use it well enough.
1399  Economy / Trading Discussion / Re: At what Bitcoin price do you think altseason will start? on: September 14, 2022, 11:16:49 AM
I think that whenever bitcoin become stable then alt coin will also become grand but that time when the bitcoin is in unfriendly in worth so it is not easy for altseason to initiate because extreme level of inconstancy occurs these days and altseason is concurrent with bitcoin. Both goes ups and downs constantly with proportionate to one another.
Altcoins are liked because of the volatility, not because they are expected to be stable. I mean bitcoin is "stable enough" compared to other coins in the crypto world which means that we shouldn't really be focusing on anything else. Just focus on the crypto world and how you could make a profit from it and you would be able to actually pull a profit from the volatile altcoins.

I personally do not prefer that, I do not risk my money with those volatile altcoins but I have seen many people do it and make profits and seen many who lost as well. I believe that the best thing you could do is buy bitcoin as much as you can and hold it as long as you can.
1400  Economy / Trading Discussion / Re: How to avoid crippling losses when trading? on: September 14, 2022, 09:45:33 AM
For me to operate without having many losses, what must be followed is the basics, put the Stop Loss first, because we have to protect our money, if it is done that way I think we are telling us, that if the price comes in We are against, it does not matter, that the stop loss is jumped and we assume the loss, otherwise if the price goes up, what we have to do is keep moving the stop loss and keep winning, I think that is a very simple way to win, but you have to have a lot of experience not to lose.
And also it is better to ask yourself “Is the profit worth the risk? What’s my RRR?”

The majority of traders tend to focus mainly on timing the trade's entry perfectly, while proper risk management and position sizing is an afterthought.
That RRR is not known by most people and to be fair in crypto world it is not clearly indicated neither, you do not really know it. Like when you are stock trading you could look at how much cash they have, what's their revenue to profit ratio, look at the ownership and how much institutional ownership they have, you could look at the debt, and the personal number and many other things.

These data will show you if it is worthy of investment or not and it would show you what would be the risk of something like that. But in reality, crypto doesn't have these and we could have a great news today and end the day with 30k or have a terrible news and end it at 10k, it is wild and volatile.
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