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521  Economy / Speculation / Re: Why Is Bitcoin Price Increasing? on: October 07, 2023, 05:35:22 AM
This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not.  Lips sealed
I would consider this the worst decision or advice this year.  we are 2 years into bear season and it is almost over and there is no reason for us to sell our bitcoins now.  moreover, what do you rely on to be confident that bitcoin will fall again to buy bitcoin?  if you sell it now and the price doesn't decrease but continues to rise, what will you do? Would you sell bitcoin for $27k and buy it for $30k?

Yes, no one can predict what prices will be like in October, but there's also nothing to say prices will drop.  the idea of selling now is a bad idea if you are only selling out of fear and not because you need the money for an emergency.
That is true, I mean not him you. This is by far the worst advice and the price will only go up, we are getting closer to halving as well so it should be important. I get that it may not be all that simple but we should try out best to make sure that we are holding. It will end up with us making as much profit as we possibly could and that is only done by holding as long as possible.

This is why selling right now is a terrible advice and nobody should listen to it, it doesn't make sense at all. I get that we are going to end up with something that will hurt on the long run, but it is not going to be easy to make a gigantic profit, so the waiting period could be hurting some people but it should not be all that important at all.
522  Economy / Gambling discussion / Re: How do you manage greed to place your bet on: October 06, 2023, 06:09:20 AM
Emotion is the only thing to manage when it comes to gambling and trading. Greediness is part of the emotion we pour into gambling. If we cannot control ourselves we might lose depending on how much we have invested in.
The key to dealing with all of this is to limit the gambling budget, because if we consistently limit the budget even when we lose and the money runs out we will automatically stop without having to make another deposit, emotions and greed will not cover our feelings when we lose, as long as we consistently limit our gambling budget so that can be an alarm for us when to stop gambling.

I even do that often and it's true that I'm not affected by increasing my bets because I've already reached my daily gambling budget limit. so I have to stop gambling and come back tomorrow to gamble again, if we are consistent with this habit it is guaranteed that it will not become an addiction too, in the end gamble wisely and responsibly. Everything must be managed properly, the point is to limit the budget.
That's the most important thing without a doubt. I know that there are a lot of people who do not approach it with that much care but those will be the people who will end up losing a lot of money as well. I personally believe that the best part about limiting your budget is that it allows you to gamble care free.

Well, simply put you can gamble however you want, if your money is gone then it's gone and it's limited so you knew that you are going to lose that money, how and when doesn't matter because that was always the point, you allowed that money to be lost from the start and that's how you are going to end up getting more fun. This means that you are going to end up with gambling with more fun, and you can do whatever you want and you can just enjoy life much better. This means that limiting your betting amount, like with one deposit that is it for the whole month type of thing, could result with you not only getting joy, but also even maybe better results too.
523  Economy / Economics / Re: How do you manage your finances and family if your income is low range? on: October 04, 2023, 05:03:10 PM
how can we possibly reduce the need for a need that exists, the name of a need is increasing day by day and not to mention the addition of commodity prices that continue to increase. In responding to this, we still have to increase our income and not depend on just one job. It would be better if you create an independent business opportunity through the knowledge and creativity you have. And don't forget for now to put aside first a desire to live luxuriously which only says prestige alone. So I agree that what we should do is to "increase income without having to reduce an obligation."
Decreasing your spending is not all that possible, do not let people who think that is possible to fool you, inflation will make sure that you can't live all that easily. I have seen plenty of people who try to argue that if they had 1 million dollars today, they could live off that for 50 years if they can live that long.

If you do not use it and turn that into an asset that gains value, just putting it in the bank may not be enough depending on where you live. Most people end up with something that would hurt you for a long time. I get that it may not be simple but you should be trying to do something that can help you one way or another. I believe that we are not going to end up with something that should not be doing anything special, I believe you could end up with a greater return whenever you can.
524  Economy / Trading Discussion / Re: Do you believe Technical Analysis? on: October 04, 2023, 04:04:51 PM
The fact that the market is generally unpredictable causes some doubt in such predictions. I don't think technical analysis alone can make a good guess prediction accurate.  Because technical analysis is not enough to make profit in some cases.  We are now in a bear market so the market direction and price changes with the flow. There are different chart strategies used by investors and traders.  I think technical analysis is very necessary for trading.  Market movement cannot be determined without technical analysis.
I believe that TA is something that would help you try to predict but more like speculate as well. Predict is something that you try to do in order to know what it would happen, but I would guess that it is going to be more speculation, which would be just guessing and all. I know that it is going to be something that would be helpful one way or another that we could end up with a good result.

I think the best case would be just doing your TA and you could do something that will be profitable for you for the long term. I get that it is going to result with you doing a good job for one or the other. It should be quite important.
525  Economy / Gambling / Re: 🎲BetFury.io| 💸Buy-Sell BFG on BetFury | 🔥Fury Pharaoh - New In-house Slot on: October 04, 2023, 05:10:50 AM
Maybe they are just trying to comfort theirselves for wanting to believe that BFG token is just becoming a stable token for a while. They didn't even realize that no big trading movement happen to it and I guess I also agree with you that this is the bottom that's why no big downward movements those holders still experiencing. For other think about investing on BFG maybe this is the best time for them, but could they able to wait for lmore months then hope for more greater movements to come? For now many traders are now doubting about this token and those who still hold doesn't have any choice but to continue to stake their BFG token so that they can still earn with token even if the current situation is not really good.
Stabilization based on lack of liquidity is a trouble and the lack of volume is also causing a lot of issues for not having to be listed at a greater exchange as well. These are all important things that we need to handle and should be dealing with it. I personally believe that the best thing to do right now would be to create some reason for people to buy this token, maybe that would be something like a competition, maybe it would be something that could be a reward system.

I am not sure what it could be, but give people a reason to trade BFG and get something in return if you really want to make sure this token can go up. If you do that then you are going to be fine and when you think about it, without volume and liquidity they would all worth nothing soon, which is why it should be tested to do some marketing like this.
526  Economy / Speculation / Re: Does bitcoin price increase after halving? on: October 03, 2023, 08:42:40 AM
We should not call it a bull run. These are just some small rallies bitcoin made to create FOMO. Mostly done by exchange to liquidate future traders who open their position with high leverage.
I have always known bull run to be an upward movement of the bitcoin price to a reasonable price. You have just let me understand that it is only a bull run when there is an upward trend after an upward trend without corrections until a new ATH is attained.  Tnks
That is true, bull run is not just upwards trend, and just because it is not going up right now doesn't mean that we are on a bear run. That one is the one I hate the most, we haven't been on a bear run for a LOOOOOOONG time now and people are still calling this a bear run. It is not, it is something normal and we are not doing anything that goes lower.

If you want to call something a bear market then it should be going down first and if it is going down that would be all that much better. I know that we can't really change anything in peoples perception of the market but not knowing the right terms is something we can help with. It is quite possible to make it easy to predict, there is nothing wrong with that, markets are usually easy to predict for those who are willing to wait years to make a profit.
527  Economy / Speculation / Re: Bitcoin price guess, 2023 on: October 03, 2023, 04:55:29 AM
The price of Bitcoin will not increase much in 2023, because the year 2023 end is not too late, and the price of Bitcoin is currently 26k. In 2023, if the price of Bitcoin is very high, it can rise to 35k to 40k. Because the year 2023 end is less than three months away. I don't think the value of Bitcoin will increase much. It will rise to a maximum of 40k.
While it is certainly possible for Bitcoin to be at $40K by the end of this year, I am only more confident in $35K if Bitcoin rebounds past $30K within the year. As currently the price of Bitcoin is still running at $26K with the rest of the year not far away so the time to reach $40K may not be so long unless Bitcoin has a continuous increase without the slightest correction.
I would guess that reaching 35k or 40k would be good for one way or another but that doesn't mean that we are going to end up with a good result all that easily. I think it would make more sense if we could end up with a result that would take some time. I think it's better to have a solution that would be profitable and that would mean that we are going to end up with a result that could do wonders for us.

I think the best way to move on at this point would be getting a good base, something that people won't be breaking it under and if we could do that then we are going to end up with a good result. I hope that it takes a while for it to be like that but as long as it reaches to a point we could be proud of, that would be enough.
528  Economy / Economics / Re: Diversification in Global reserves. on: October 03, 2023, 03:20:34 AM
Where's the competition?
China yes, huge, but export oriented, and export dependent economy, with lots of problems. Which will only get worse under the "new course of the party".

BRICS - the only stable and strong economy (against the background of other BRICS members) is India. So India has unambiguously voiced its vector of further development - western, with a developed western world, with western values, and without the support of rogue countries.
Tell me about the economies of the other BRICS members ? Smiley How can they compete ? NOTHING !
And India has chosen the optimal path - mutually beneficial cooperation, where India sees itself as the center of the "global south".
I would say whenever you try to attack others because you think they are much worse than your nation, you should remember the nation where people die because they can't afford healthcare. You can work for 60 years, invest and save carefully and then if you get cancer, not only you die of course but also everyone around you lost all those savings as well. All of your money is gone along with your life. Care to imagine which nation that is?

I think you probably know which one that is. This is why we should not just bash those nations, I agree that those are bad, but Dollar is not strong anymore, it is getting less and less valuable and eventually not many people will use it. I am not saying it will not be top ranked, it can stay top ranked, just not be 90% of our reserves anymore.
529  Economy / Trading Discussion / Re: Trading can ruin you on: October 02, 2023, 08:14:36 PM
I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.
Indeed, nothing is impossible, as long as those who want to learn to trade have a strong interest. because trading is not only related to skills and knowledge that can be learned through books or videos.
as you said trading requires experience and the time of each person who learns to trade is of course different. it's about how quickly they progress with their knowledge and experience. which of course requires capital to become experienced. It won't be enough to try one or two times and then fail. those who try will see many failures. and I think many beginners experience this.
The difference is "wanting to learn how to trade" versus "wanting to learn how to get rich" you can even add "quick" to the last one. If your entire aim is to learn how to get rich then I am sorry but you are not going to be learning trading all that well, you are not going to be interested in learning how to be a good trader. Your only goal would be learning quickly whatever you need to learn before you start making a lot of money.

But, if your goal is to learn how to trade and be a good trader, then money will come in later because you are going to be good at it. I understand that life is not all that simple to give people enough time, some people are making small amount of money and still do not have enough time, but that doesn't mean that you should be aiming at making a profit and not learning how to trade.
530  Bitcoin / Bitcoin Discussion / Re: How to keep safe the mnemonic phrase - Whats Your method? on: October 02, 2023, 02:33:15 PM
What is this backup passphrase? Is it another pass phrase that can be used to unlock the original mnemonic seed phrase for your wallets? If not, what does it serves as in wallet security?
A passphrase is an extra layer of security for your wallet, it is an extra 'word' added to your seed phrase which creates another wallet and keys for you, take note that your passphrase does not have to be a 'word', you can use and add whatever you want, even characters to make it stronger and hard to brute force. So whenever you use your seed phrase without adding that passphrase you get the base wallet, but when you use your seed phrase + passphrase you get your second wallet, this set up is great for plausible deniability.

So with a passphrase set, if an attacker compromises your seed phrase, they will still need the passphrase to access your funds. Take note that if you use a seed phrase + passphrase set up, you will have more backups and you have to keep them in separate locations to avoid the possibility of a single point of failure.
It's also very important not to lose it as well. Most people focus way too much on the security side of things but then they forget about the issues that they have on their hands, which is remembering it, you will probably not remember it or even if you do, you may eventually forget it. While trying to secure it carefully, you may end up locking yourself out along with everyone else and that would result with something that would not be that much a profitable business.

This is why I believe that we need to do a lot better, and that could end up reaching a little later than expected as well. I understand that we could do much worse but we could end up trying to do the best thing we could potentially do by saving it somewhere easy to access by us, but nobody else.
531  Economy / Gambling discussion / Re: Mistake that prevented your big win. on: October 02, 2023, 01:45:15 PM
Biggest mistake is getting greedy.  Either not cashing out on a big parlay or hedging against it and then losing, or just betting huge after big wins giving all your money back.  Once you are up big its easy to think that all your bets are gonna hit and then you end up betting bigger than you normally would.  This usually the biggest downfall for people, greed.
This common mistake but we can’t blame anyone experiencing this since we will not enter in gambling if we doesn’t have innate greediness on ourself. We are gambling because we want quick profit compared when we just do our job and earn on salary in monthly basis. Gambling can offer us on the spot profit which makes us greedy to even try it despite known risk.

For me, It's natural to commit greediness on gambling since it can be considered as natural mistake. I believe destroying real life just because of gambling is the biggest mistake which gambler can ever have.
I would say that you are wrong on that subject, not everyone gambles to get a quick profit, some people gamble because it's fun. What people do not understand that you may like to open up steam and play a game, or your ps5 or open up netflix to watch a movie, and some people just open their favorite casino and gamble.

It's as simple as that and nothing more, it shouldn't really have anything different from that. I understand that it may not be that easy but we need to just realize how normal that is and not going to approach it like it's going to be something dangerous. I get that it may not be that easy to handle but we are still gambling for fun, even if it means risking a lot of money at times when you are doing it.
532  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I invest in new projects. on: October 02, 2023, 09:28:51 AM
Investing in top coins isn't the best investment advice either. Top coins haven't been growing as fast as they used to for a long time. At best, you will get the same returns as investing in bitcoin. If there is not much difference, what is the point of investing in top altcoins if you can just buy bitcoin and not expose yourself to the risks inherent in altcoins like BNB or DOT?
But investing in top altcoins isn't bad idea, I think the top coins deserve to buy for investment. If they aren't growing for a few years, it is because of the bearish period. The point that people choose top altcoins is for diversification, people assume they can get good profits in top altcoins as well. Some people think altcoins have higher volatility than Bitcoin, they expect to get bigger profits in top altcoins.
For what purpose? What do you want to get out of, say BNB or XRP, within 5 years? Do you really believe that these coins will generate much more profit than bitcoin? No, they won't bring you that much profit, and if they have no clear advantages over bitcoin, why would you buy them? Why?

There is a point in buying altcoins only when their expected growth can greatly exceed that of bitcoin. Among the top altcoins there is no such thing.
I can't talk about XRP because I dislike it, but I can see BNB being more profitable than Bitcoin in the next 5 years. I can't be sure of it though, maybe it will be or maybe it won't be and I have no idea which one it will be. But I can damn be certain that it is going to be close, it is not going to be like 50% less or something, it is going to be about the same difference at the very worst case.

I get that some people prefer it that way and they want to just have diversification but I rather have a bigger return and that is why I have some of my money in BNB. Truth be told I still have most of my money in Bitcoin though, so I do not trust this prediction, I just wanted to say that it is one of the possibilities.
533  Bitcoin / Bitcoin Discussion / Re: Bitcoin is life on: October 01, 2023, 06:02:51 PM
You don't consider gambling as bad but conclusion by combining the percentage of gambler suggests that gambling never have made anyone rich but instead it altered the situations of middle man into poor man. Bitcoin and gambling have lots of differences and we can't say that these are same as bitcoin investors always learn well about market trends and investigate about price chart after which they decide whether to sell or buy but gambler never search anything without query then put money and bet and rest of the things are then on good or bad future.
The journey may be different when connecting gambling with investing in bitcoin, because no one wants to bet just by relying on luck. Bitcoin has a much more rational concept and road map, where there are times when repeated cycles will take us to the next stage of achieving ATH, gambling does not have such a concept and road map, so it completely relies on luck. I agree with your statement, that gambling is very unlikely to make someone richer and even if there is, perhaps only a small group has a much stronger financial level.
Yes true, the fact that bitcoin is the rational one when compared with something may cause some people feel like that's a refreshing thing, but that's also true. I believe that we are going to end up with something that is much larger if we are careful and we could just consider gambling is pure loss.

I understand that "some" people may have made some profit with it, but the reality is that we are not going to make a profit with it, and we are going to be pretty unlucky about it as well. So, when people end up with something that is wrong, that doesn't mean that they were always wrong, that just means that they got lucky or unlucky based on what happened. This is why it should be important to realize that bitcoin is far superior because it doesn't depend on luck.
534  Economy / Economics / Re: If They Can Pay off their Debts, Why Don't They? on: October 01, 2023, 08:14:15 AM
Plenty of countries in Africa are poor yet filled with tremendous amounts of resources.

South Africa was pillaged fiscally for over 100 years.

from google:
"In 1871 the English entrepreneur Cecil Rhodes bought a claim to the De Beers mine and, with this as a financial base, eventually bought up most of the diamond mines in southern Africa. In 1888 he incorporated De Beers Consolidated Mines, Ltd."

They used Apartheid to rule the black people until 1994. so

1994
1871
 123 years of ripping off South Africa  and 1994 to 2023 is 29 more years and one could argue the people do not get their fair share of diamonds or gold.

This is one of many African countries that still get ripped off.
It would be naïve to think that they stopped at 1994, that was the point up until they used their official power, now they are using their unofficial power, slavery ended in USA 150+ years ago, do you really think blacks have the same rights even today? Let alone 20-30 years after it ended?

I can easily tell you that 30 years after apartheid ended, the whites did not started to be equals to blacks there, and in this case it was the whites that came in there, and they are still abusing Africa a lot. This isn't even just about certain nations, all of west still take all the resources from Africa and makes the profit while paying them peanuts. The moment Africa says no, and uses their own resources, they will be much better.
535  Economy / Trading Discussion / Re: Do you believe Technical Analysis? on: October 01, 2023, 04:46:52 AM
If you believe in luck in trading, why not believe more in technical analysis.

Technical analysis increases the chances of predicting the price chart right, it also boost your profit since it's much better rather than just simply deciding a random trade and hoping for a big profit, that would give you only frustration and depression leading to a much more difficult situation in your trading career.
Yes, that's right, technical analysis for me personally is to describe analysis and see opportunities at a certain point as a means of weighing before making a decision, and so far it works even though what we produce from technical analysis and the reality of market movements is a little different, but basically we can look at benchmarks for increases and decreases within a certain period of time.

And this is more precisely very useful for those who make short-term investments or trades. In other words, you don't just buy and hope to make a profit with a blind eye to market movements.
That is sort of true, I mean you have to do all those type of stuff to keep it going otherwise it's not going to make any sense, all those numbers and charts and indicators would be useless if we didn't use them properly so you are doing a great job. However, you have to also realize that it's not going to be all that different and should be doing something that could win something on the long run.

I personally do not believe that it would be terrible, we could maybe try to look at it different ways sometimes, because even though TA is a great way to see how it goes, news are not that terrible neither because while it looks one day on TA, a news could make it go the other way around. So always be open for other stuff too.
536  Alternate cryptocurrencies / Altcoin Discussion / Re: Are decentralized domains still a thing? on: September 30, 2023, 01:14:49 PM
Do you think decentralized domain names are still a thing?
Decentralized domain name is not a thing anymore. There have been many developers who were replicating decentralized domain as copy cat business. Everything is fine without domain.
There's no urgency in using domain. It's pretty much the same like NFT. The era for NFT already done. NFT may be dead soon.
I believe that it is "still a thing" in the sense that it exists but also not really a thing that people are really caring about. So if we are talking about existing then yeah it is a thing but not really seeing too many people actually using it. Not that many people care enough to spend money on getting one, the ones who did already bought some and it has been done ever since.

I have seen too many people being hyped about it when it first came out, but then slowly overtime it became a lot less interesting and that caused it to be a bit more bland. That's of course with every hype, it becomes very much liked at the start but then slowly it got a lot carried away with time and should be considered a bit different.
537  Economy / Speculation / Re: Will ETFs pump BTC to $100k soon? on: September 30, 2023, 05:21:51 AM
The speculative element to the ETF story is already played out, I think its in the price.   If it were to occur theres a slight positive from that, maybe we beat some prior resistance level.   What really needs to happen is an actual greater level of buying or a wider audience perhaps, then you have larger demand vs same supply and price must then rise.
   My general thoughts is BTC rises on actual greater usage, ETF holdings arent usage as such its just a way to follow price in another way.  The ETF will have a charge for the holding, so yield is negative to holders.
   Im only truly bullish on wider population of users and people who do use BTC, we already got enough speculative elements in BTC price action.   It'll happen but its slower then all these price jumps people drool over.
It will definitely yield negative to the holder because they will start with minus directly due to the charge, but it could still see people end up buying more, people who didn't buy due to lack of ETF may end up buying, and all those companies that people use, will end up buying bitcoin to back that up, or at leas they should.

This means that it would help them help us grow bigger in bitcoin price. Would it make it 100k? I wouldn't know, it is an unknown number and we can't really pinpoint exact price and how much it will be. However, I can say that it will do fine, and that's the important part, if it can be better than what it is today, that means it's a good thing for the market. I welcome everything that is good for the market.
538  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: September 29, 2023, 08:52:40 AM
This could also happen because Brazil already has many world-class stars and players in its country. That's what makes children in Brazil dream of becoming great footballers. They can idolize players from their own country. And because these great players also come from Favella, it is a motivation for other children. Second, Brazil and football are like one unit. Just like the US with basketball. In Brazil, limited space and economic conditions make football the only sport that can be played by everyone.
It is not just the case with Brazil. Football is like the religion in the entire Latin American region, from Mexico in the North to Argentina and Chile in the South. In the US, that is not the case. They have more popular leagues such as the NBA, NFL, MLB and NHL. The local football league (MLS) is not that popular when compared with the other leagues. So it is not very surprising that US lags behind Latin American teams such as Brazil and Argentina, when it comes to football. Economic conditions in Latin America also favor football. You just need a ball, that costs as little as $5. 
It looks like it is getting better though. Even before Messi joined, they had some world cup experience if you look at it, and that means they are doing fine, and I am guessing that they are going to keep doing fine for a while longer as well. That means that we are going to see them grow, and with Messi now coming, and probably staying there after he retires as well, he should be bringing some new love for it.

We have seen women soccer be a lot more popular, so male counterpart is just on the rise and could do better. Doesn't mean that it could get anywhere near NFL, that's the most popular sport of all time there, and will never be passed by any other sport, but it could still be liked a bit more than what it is right now.
539  Economy / Trading Discussion / Re: Trading Psychology and tips on: September 28, 2023, 06:36:31 AM
Interesting but what would be more interesting would be to know for sure if you really are a trader and also one of the few who earn money in the long term, because what you have written can be done by gathering information on the internet and some experience in trading but without being a consistent winner like the vast majority. Seeing the few posts that you have written in this section since you registered and that in none of them you talk about specific trades or put charts, I think it is the latter.
Is there a technicality you need to fall under for you to be considered a trader? As far as I know as long you have made consistent trades or have traded for the most part of your investment journey you can be considered a trader right then and there. Gathering knowledge is just part of the process, it's not the result itself, simply earning or doing a single trade doesn't make you a trader either since I bet everyone here has made a single trade at least once in their life and they don't go telling everyone they trade crypto.

Just as long as you're in this industry for the sole purpose of earning money through trading currencies, you're considered a trader, no other technicality or rules to follow to be recognized by everyone. I don't think it's as important as a lot of you guys are trying to portray especially when the very topic is all about the Psychology of trading
I do agree that if you trade, as long as you are trading, you are a trader. There isn't anything else that is required to be considered a trader, the meaning of trader is literally someone who trades that's it. Not everyone may deal with a lot of money, not everyone may make thousand trades per day, nor maybe even make a profit while trading but as long as they trade, that makes them a trader.

I personally do not trade all that much, maybe I am a bad example because I do not consider myself a trader because I also hold long term majority of my investments, but if I wanted to call myself a trader, I would be able to say that because I trade at least few times a week and that should be more than enough to be a trader.
540  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Are new altcoins being too risky? Current market trend on: September 28, 2023, 05:58:19 AM
the thing with new altcoin its still in phase of trial and error, you are literally investing in something unproven whether their product gonna success.
therefore you will put your money at stake here, but the thing is if they do succeed your capital would be multipled many folds, unlike investing in already established coin, thats why many are interested.
Yeah, these trial and error part should be done with little amount of money and not a lot. If you keep investing into something a lot bigger then we are not going to end up with anything that would be profitable or smart. I believe that if you put too much money into stuff that are new and untested, you are going to end up with a lot of loss as well. So that is why it is smarter to end up with something that would make you profit when you have the money for it, so do not put a lot of your money into them.

The amount can change, for me 50 dollars would be smart, nothing more, but for a whale it could be smart to put 5k, because he has 1+ million dollars, so 5k is nothing for them, but never put more than 1% into something that is risky.
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