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1761  Economy / Trading Discussion / Re: The trend is your friend if you know how to identify it)) on: April 27, 2022, 05:31:25 AM
You still need to be updated on the current events about bitcoin so you will know how to assess if those speculations are quite close to reality or not. Otherwise, you will fall believing in a wrong trend that may lead you into more future losses. However, if you end up having the correct trend in bitcoin, from your technical and even fundamental analysis, that will be your asset so you that you will make most of your trades become profitable, and only few losses.
It’s only people who are very active in the social cryptocurrency community that would be able to get information on things like this, if you’re not steady looking into the current happenings in the market, you wouldn’t be able to tell when it is exactly that there would be a trend for a cryptocurrency. You have to be really active on social platforms and be read cryptocurrency blogs on a regular basis for information of such, and you also need to make use of tools that would help you to be able to predict what would happen in the market.
1762  Economy / Economics / Re: The first rule of investing is saving on: April 26, 2022, 08:22:34 PM
Quote
investing and saving is a plan for future finances to become more established and easier....
but basically all of this must be done with established management because most people are reluctant to save and prefer to invest so that the money can always work for themselves.
Saving and investing has helped many people to embraced their opportunity from their investment few months ago. Those that saved a huge amount of capital last year November, really used this opportunity to buy more of bitcoin to prepare for a greater future. Now that the price of bitcoin is preparing to hit $50k which will be favourable to those that  saved money to buy bitcoin when the price is low.
I guarantee you that there are many people who think that the price will crash and not go up. Those same people are focusing on making profit by shorting bitcoin instead of getting ready for the upcoming increase.

It is so clear to me that the price will go up, why? Because whenever it goes down, it gets higher, and when it gets higher, it goes down. What was the last thing we did? Go down from 48k levels to under 40k levels correct? That means we are going to end up with a lot of profit and that is going to be the case here as well. I personally believe that we are going to end up with a higher price because we went down and next turn is going up.
1763  Economy / Economics / Re: Passive income : Bank interest vs staking on: April 26, 2022, 07:49:40 PM
Things have gone pretty stale on Binance Smart chain the past few weeks, I'm now planning to move some funds to another network, since APYs have severely decreased on the vaults I was interested in. The Fantom network has some pretty interesting ones, with over 50% APY on stablecoins.
Just because the APY is lower, doesn't mean that it is not profitable, nor does it mean it shouldn't be invested. Main reason why the APY is lower is the fact that there are a lot more people investing into it. If you are using stablecoins then the low APY is understandable and you should focus on something else, but if the APY is based on some good token or coin, like for example Cake or BNB ones? Then you could still keep it because it could go up as well.

I personally still hold all my BNB and Cake staking because in the end we are going to end up earning from the staking rewards, but also from the increase in price. I do not trust other networks for the price reason, even though staking rewards could be higher.
1764  Bitcoin / Bitcoin Discussion / Re: How Fiat Will Always Be The Norm on: April 26, 2022, 11:26:37 AM
Aside from those people who don't give any care on the existence of cryptocurrency, there are also people around the world that don't even know what is a cryptocurrency or they haven't met that word before and people like that usually lives in 3rd world countries or beyond that who only knows about fiat and nothing else. They cannot even afford to buy phones to keep up with the technology advancement of the world. How would they keep up if they cannot even afford to eat a full meal 3x a day.

That is why we are lucky to know about this existence and we should not be selfish about this knowledge, also it is ideal that we have to keep those people informed so that they can also avoid the inflation and carry the will of SN.
I am sure that the amount of people who do not know what a cryptocurrency is, not even heard of it or anything like that is not really a big percentage of the world. I agree that the amount of users could be low compared to anything else, but the amount that didn't even hear about it could be very low.

Even in the small isolated tribes people have heard about crypto at this stage, there is a big difference between users and people who heard of it though. Just because 90%+ knows about it, doesn't mean 90%+ uses it, maybe like 90%+ heard about it but 10%+ ever bought it. That difference could get closer and closer eventually which would help us.
1765  Economy / Gambling discussion / Re: ⚽UEFA Europa League Discussion Thread on: April 26, 2022, 07:04:38 AM
Ronaldo doesn't have that yet and maybe if they are solid and Ronaldo will still stay at United he still has a chance to get that title Cheesy

Well this will be their best achievement at this time because indeed when chasing the Europa League directly it will be difficult now at least with this special path they still have a chance there even though the road has to be turned around first Cheesy
I am sure that Ronaldo wouldn't really be happy about winning and going to europa. I have zero clue what happens if you earn a right to go to champions league via your league position and still won conference league so you earn a path to europa. Let's assume United finishes third in premier league next season, and wins conference cup, where do they go?

I mean it surely should be UCL because that is the bigger cup and anyone would prefer that, but then does the finalist of conference league gains automatic entrance to europa instead of the winner? No matter what, only thing that would make Ronaldo happy would be UCL, as soon as possible. This dude won it three times in a row, no other team has done it while current players were active, last one was many decades ago.
1766  Bitcoin / Bitcoin Discussion / Re: Are new bitcoin users early or late to the party? on: April 25, 2022, 05:14:17 AM
There is no such thing as being late or early to make money. Anyone who follows the news properly and can make the right analysis can make money. As long as you can use your mind.
Another thing that we have to know is that Bitcoin is not just all about investments, I know that there are so many other things that we can also do for us to be able to make money through Bitcoin. The reason most people are not making anything is because they are just investing and they’re all hoping that the price of Bitcoin is going to increase up to 10 times or even more than that so that they would make profit for their investment.

Most people just want to invest and get rich overnight because of stories of those they have heard who became millionaires. But we shouldn’t just invest and be waiting for when we will turn millionaires, rather we should continue to look for other ways that we can make money, which can be from trading , staking, and even offering services.
1767  Economy / Trading Discussion / Re: It seems that more people taking crypto trading as full time job on: April 24, 2022, 03:34:14 PM
I am not also a full time trader however I know in myself that I am also an active trader but I think for now I couldn't a lot my full time in trading because still I am in the stage of learning more about trading. For me, I am afraid enough to take the risk taking the journey of being a full time trader knowing in myself that I have some knowledge and skills that I need to learn and to gain through experience. I'm so proud to other who managed to be a full time trader because I am planning this way too not now but maybe soon.
You do not have to leave your job to do something for full-time in my opinion. If you ask people what full-time job is, they would say something like 9-5 job, or the job you earn your main money from and all of that. But to me, it is the thing that you spend hours to earn money, if you are working just 1-2 hours a day then it is not a full-time job, but if you are working maybe like 8 hours a day doing something it could be a full-time job.

People could have 2 full-time jobs, even three of them if you push it. I knew a guy who worked as a school bus driver, and in between leaving kids he would work as a mechanic and after that worked as a uber driver as well, working nearly 19-20 hours a day. Tell me that is not a full-time job, two of them were definitely full time and he worked long enough to make uber a full time job as well.
1768  Alternate cryptocurrencies / Altcoin Discussion / Re: BabyDoge Coin To The Moon!!!? on: April 24, 2022, 08:30:07 AM
Uhm, it’s normal for some exchanges to have a coin listed but it wouldn’t be available for trade and service.
Like I do see some coins on Coinbase that would say that it can’t be traded on their platform. But, I have not heard about this particular coin, this is my first time getting to know about this particular coin, never heard about it before.

The rate at which we keep seeing new meme coins every day in the market is really surprising, every time there is a new meme coin in the market and they are not even good at all, is this one any different?
That is basically either a maintenance issue or something regarding the coin itself as well. I believe that if we end up checking out all these things that are not being traded at that point, you will see that it is 99.99% of the time either about the website just temporarily freezing that trade to update their wallets and all, or it is about that coins network/blockchain having some new issues or updates as well.

When that’s over, it will come back almost all the time. If the exchange wanted to actually delist it then they would just delist it, there will be a ban on trade at that point as well but it is mainly "withdraw it now!" warning type of deal at that point.
1769  Economy / Trading Discussion / Re: Which trading indicators/traders would you recommend? on: April 23, 2022, 09:48:49 PM
My point is not that these groups are good enough,,, rather my point is no group is even close to being good let alone to guarantee profit, no matter which indicator or strategy they use.

And if anyone else thinks differently,,, then my challenge is to ask them to post their results in forum and see for ourselves which is good long term,,, but I know it eventually ends in loss just to prove no indicator is good for profit, only for enjoyment Smiley
I do agree with this. I believe that there needs to be a bit of a leeway between the TA and the real results. I get that TA "could" bring good results, but that doesn't mean that you should be focusing just on that, I get that it is not going to be that easy, but it is going to be something that is quite amazingly just "relevant" and yes it is so relevant that sometimes it makes you money but that's about it, there is no other connection between them at all.

As I understand, some people see these indicators as the end result and invest accordingly and they hope that what they see on the charts will happen exactly as they hoped it would and that is how they are going to end up with a profit. I doubt that would happen but there is also nothing that I can show to prove them wrong neither, only if we go back and show them in retrospective.
1770  Alternate cryptocurrencies / Altcoin Discussion / Re: How would crypto fare without centralized exchanges? on: April 23, 2022, 02:35:55 PM
Decentralized exchange don't have license to operate that's why they decentralized. Only CEX is required to submit license since they are accepting fiat deposit and withdrawal. Anything that involves fiat is subjected to regulations because that's cover with tax law.

I doubt that government will suppress the use of cryptocurrency on CEX since they can get tax from crypto transactions.
Yeah, that is right, the government wouldn’t try to put down centralized exchanges because they know that in one way or the other that they would be gaining from it.

So, as long as it is benefitting them they wouldn’t think of such. They would only wish that they were able to put down the decentralized exchanges, but that wouldn’t be possible for them since all those decentralized exchanges are completely out of their control. That is why in countries where cryptocurrency has been banned, we still continue to see people making use of decentralized exchanges or peer to peer means for their trading of cryptocurrency .
1771  Economy / Economics / Re: Where should I invest? on: April 22, 2022, 09:14:09 PM
Education used to mean something great, you would get a good job after graduating, and after a few years you would be able to support yourself and if your wife worked as well you would have a decent middle income family household. However, these days people are barely surviving with the current market conditions, you could have a ton of workload, 80 hours a week, your wife could be the same and you would barely afford a vacation.

I have been earning 4 times more than what minimum wage worker earn in my country, and I have been living a medicore life at best. This month has been specially terrible, I paid off some debts, and this caused me to have less than what I normally have, which shows that you could be considered a "rich" person in my nation when you have no debt, that is the ceiling, literally having no debt makes you rich, that is not what we think when we consider rich people normally.
That is not just entirely based around education, yes it is right that back in the day education was harder to get, and a college degree was something more valuable back in the day, that's true. Even a high school graduate could have ended up with a good job and worked to get a good life.

However, what got worse is not related to just education, these days people who graduated from masters, college, high school all getting terrible deal in life because economy sucks in almost every nation. I do not know what we are going to do, but I know that the whole world is having financial trouble and some are worse but nobody is doing well. Only the very very wealthy is doing well, rest are doing worse, no matter what their education is.
1772  Economy / Speculation / Re: Bitcoin Breaks Past The $40,000 Barrier Again? on: April 22, 2022, 03:44:44 PM
I think that is the most logical conclusion since the price is dancing around such level, sometimes it goes higher and sometimes it goes lower but all the action is happening around that price mark, so I think it is possible we are going to remain there for a very long time, something that is not as bad as this gives us the opportunity to load in some bitcoin while the price is still not completely crazy, however the question is what will come next? As the institutional investors will not let the price to go that much lower while a bull run seems unlikely too.
its a consolidation if the price can't even exceed and keep playing around the area, but sometimes it didn't last because usually investors keep adding in such area as well as it's very common pattern before continuing.

But of course it depends of the situation of bitcoin because it will be the results after the consolidation..
Accumulation phase is an important part of crypto (and other markets) before it goes up. Big names and even retail investors all end up buying as much as they can without disturbing the market, they can't just buy all-in and make it go up right away, that would start the bull run. So, they just buy small by small and increase their holdings which eventually leads them buying more and more and more which then increases the price slowly.

This is why it takes us months to go from stagnant price to peak price, it took us from like September of 2020 to April of 2021 to reach from under 20k to over 60k, but takes only matter of days to reach below 40k, crashes happen all at once, increases take time.
1773  Alternate cryptocurrencies / Altcoin Discussion / Re: Delisting of tokens will take place again on: April 21, 2022, 07:43:34 PM
sooner or later some of those meme-tokens will get delisted again on those big exchanges and maye also on smaller exchanges again. A few months ago when the shit-coin hype was on it's peak even the biggest exchanges like Binance and Coinbase added meme-tokens to their trading portfolio. Of course this did not happen because those exchanges were thinking that this are projects with great fundamentals and functionality. They added them because those tokens had crazy high trading volume back then and of course the primary goal of exchanges is to make money with trading fees and the more volume the more fees you get. Now that the hype is dying the volume will go down to and sooner or later the first shit tokens will get delisted again.
It is 100% guaranteed that they will be delisted eventually. I do not think that it will reach to a point where dogecoin will get delisted, even before the whole Elon musk thing, even when we are talking about years and years ago, doge was always listed everywhere because it is a popular coin and even though it wasn't a profitable one, it was always used for something, mainly for donations.

This is why I believe that dogecoin will be listed in Binance no matter what happens. But, all these shiba, baby, floki whatever will be delisted one day, maybe not this year but eventually it will happen in a few years at max. That is when people will understand why memecoins are bad.
1774  Economy / Trading Discussion / Re: Are trading platforms useful? on: April 21, 2022, 06:48:30 PM
I think tradingview is pretty good to use. I use it and some tools are very useful for beginners.
then the platform the OP is talking about. does it lead to a trading robot? which means we leave the decision of the money we use to trade to third parties? I think it's highly discouraged. too big a risk.
for a beginner, of course, a simple tool that can increase our knowledge and skills in trading will be very good than a platform that promises profits without risk.
Tradingview is actually quite magnificent if you know how to use it. I am not saying that there are very few people who know how to use it, but there are way too many people who do not know how to use it and still use it and think that they know what they are doing.

Just because you are using it, doesn't mean you know how any of it works, it makes people overconfident on their analysis and even though they made a mistake, they think they are using it correctly and invest with confidence and then lose it. Before starting to use tradingview, there are many classes that teach people how they should be approaching it, everyone should take at least one of those classes.
1775  Economy / Trading Discussion / Re: Can newbie become rich with trading on: April 21, 2022, 06:53:33 AM
It is more difficult for a beginner, of course, but in general - the scenario is quite possible. It all depends on the approach to work and the desire of the trader.
What work are you talking about, is it to work to build a trading skills or work to persist trading even if the trade is not going in your favor, most newbies are stock between the decision to either continue trading or quiet if their losing merging is greater than profits.
In a situation whereby your trading is not working out, you shouldn’t just keep persisting, you should as well make sure that you are looking for solution. When it is not working you should look for the solution and know the areas you are making a mistake and try to solve those mistakes you believe you are making And see how good you would get after that.

So, you don’t just keep persisting when you are not really looking for a solution to the problem, with the believe that things are just going to workout due to the fact that you keep on persisting. And sometimes it’s best for you to just look for something else. Trading isn’t really something that everyone must do, yes it is a really good thing if you can do it, for the fact that you’ll be making a good amount of money from it, but it is still not a must that you would do it. There are still other things you can do which will fetch you income as good as that.
1776  Economy / Speculation / Re: When will bitcoin reach its all-time high? on: April 21, 2022, 06:22:19 AM
It is difficult to predict the bitcoin price accurately. Although in November last year, Bitcoin reached a record price of $68k, with economic and geopolitical conditions very different from today, it seems difficult for bitcoin to reach its all-time high again.
Considering the present situation it looks like reaching the previous ath is difficult. With time scenario used to change and by that time we can expect good growth in the market. The same might take the price reach its ath price. Whenever there is bullish move in the market there happens something big in terms of adoption or in terms of real-time usage. In the history of bitcoin whenever the price reaches new ATH, it happens without any prior signs of such a move. So, anytime this could happen.
It doesn't really happen that quickly, maybe peoples understanding of time is a bit off these days because last year we had 64k ATH during April, then it went to as low as under 30k for a while but recovered to 68k during October. Which told people that if we can do ATH-Bottom-ATH within 6 months, then why not do that again?

So, people do not want to see it do another ATH and break over 68k during 2024 or something, they want to see it happen right away and they want it to happen in 2022. This is why it is getting more difficult and which is why there are so many people who panic sell, this isn't even panic sale anymore, it's disappointment sale.
1777  Economy / Speculation / Re: Bitcoin to hit $100k? on: April 20, 2022, 09:44:55 PM
All are speculations and there's no accurate timetable for that, though it's true that the chance is really high for Bitcoin to push to that value, there are many people now who realized the benefits and are willing to buy and hold, taking this asset for long-term savings, it's good for retirement savings.

We never know, but the chance for us to buy and hold is still here and if you personally believe in it, there's no way that
you won't buy and take that risk.
I think I know that it will definitely reach 100k, I just do not know when. The fact you mentioned, people finally realizing the benefits of crypto is the main reason. I never doubted crypto for a second and I always knew that it would eventually go up, and people would finally see why it is such a great thing.

This resulted with me believing in crypto years and years ago, way back when it was under 200$, and ever since those days I have been involved in one capacity or another. I personally feel like the price could hit 100k for the same reason, and even 200k and 500k, maybe not today, maybe not tomorrow but one day it will finally reach those prices eventually.
1778  Economy / Economics / Re: Read If you are between 18 and 68 years old! on: April 20, 2022, 07:44:39 PM
Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?
Honestly, I'm out of the category you're referring to. We're not talking about age here. But I have a pretty simple mindset about finance and it's just a tool for me to make my life plan. I don't care much about money, even though I don't have too much, I'm not too poor. Hungry, I am grateful for the present life and cherish it, and I direct people to that mindset; have little use but still be happy. I sometimes wonder why we take money so seriously, and I have my own answer.
This has been my mindset for many years. Even though I have some financial troubles here and there time to time, I have a house, I have a car, and I am living easily right now without too much issue. Sometimes I have trouble because I go all hedonistic and spend a bit more than I should, or maybe some expected expenses happen and I just have to pay for those and during those periods I just wish I had some more money saved up at that time.

But aside from that, I never had huge debts that I couldn't pay, and I just live life the way I want to, do I want more? Sometimes I do, like for example I want to go visit Rome and sight see and I would probably never afford that, but at least I know that I am content with my life and do not need to have like 50 years worth of investment, I still do it, but for my children and not for myself.
1779  Economy / Economics / Re: Elon Musk makes offer to buy Twitter on: April 20, 2022, 06:42:18 PM
Is it about the data that he could get? Will he use it for something like his new inventions, or is he planning to use it for something like space exploration or another business that he can profit from?I do agree that the amount was huge just for things like promoting Doge (but I think this is one of his many reasons why). He has something in my mind that he is the only one that can pull off. I can only imagine the data or advertisements he could use. Whatever the reason, I am hopeful that we will know what what he truly desires from Twitter rather than other platforms.
I am not sure if he does, but I know that Tesla is a data company is not a myth, it is a reality. Every single driver of Tesla basically sends back data of the roads to Tesla, which they use to create a roadmap basically, and then they use it to make the cars better self-driving cars with that data.

So, that means Tesla knows how to use data, and that means Elon could use the same people to do something with Twitter as well. He is capable and he has done it before, so giving him this much data would result with something for sure. Will it be a good thing? Will it be a bad thing? How will he use it? I do not know, but I know that he would use that instantly.
1780  Economy / Trading Discussion / Re: Trading is a game of capital on: April 20, 2022, 02:58:28 PM
Most common newbie impression.

•Trading is easy
•Trading do make them rich
•Trading wont have losses
•Trading is risk free

But on the time that reality slap into their faces then this is where they do make out some realizations
on what trading is all about and things attached to it.
The thing is that majority of those who lose their money in trading are not ready to tell their stories. Only those who are able to make profit from it comes out to tell about their success in trading and we applaud them as heroes. But we hardly talk about those who are losing money in the market.

This is one thing that makes newbies to think that trading is something that is very easy and even with a small amount of money that they can start up trading and be able to make lots of money from it. But when they finally stepped in, A reverse of what they thought is the case. They see it as an easy and it’s because there are lots of success stories, and there are none talking about the risk involved.
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