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41  Economy / Trading Discussion / Re: Risk Management in trading cryptocurrencies ...?? on: July 13, 2021, 08:45:02 PM
Both are right, because we can't predict when we will face losses and risk management (in case it is spot trading) we can do something that maybe will cause less price in ROI and we don't need first price to get our capital back or maybe take profit with it.
The cryptocurrency market works totally different from all other financial markets with so many factors responsible for their trends. The general alt coin market most time, always respect the rise and fall in Bitcoin maybe because all other development and interface is found and built of Bitcoin foundation which makes all other coin to respect that fact.

Respecting risk management in crypto is very important to traders. It can guide one from future loses if enough preparation is made. The crypto market by is very volatile compared to other market with lesser volatility. This is why losing funds in crypto is very easy and certain to making profits which can easily be lost if care is not taken. Many investors had lose huge funds in crypto because of lack of knowledge to know when to take profit and when to leave the market.
42  Economy / Economics / Re: what makes us good investors. on: July 13, 2021, 08:25:15 PM
Yes, emotional attitude is very important, it will affect our judgment,
We must also continue to learn knowledge, have a certain understanding when investing, and listen to the opinions of others, but do not completely listen to what others say. Have your own judgment.
You must have patience, patience is also very important! Don't hesitate, have the courage to take risks.
Trading with money that you can afford to lose a good characteristics of a good investor. Many desperate investors do collect people's money to trade to pay them higer interst, which is very risk cause if you eventually lose the money, it will be difficult for one to pay if he or she does not have another source of income. Investing is good and can double capital when good risks is taken without being too greedy.

A good investor must be able to take good risk no matter the capital that is used. Some traders believe that using bigger capital to trade is a guarantee to gain more profits, but it's definitely wrong. Trading with large capital without good management risk is a poor way of trading and can create loses of funds if risk management is not enforced properly.
43  Economy / Economics / Re: Vietnam Becomes Latest Country to Turn to Crypto on: July 13, 2021, 08:01:15 PM
Vietnam has a young population who are very familiar with new technology. This youthfulness will probably make them accept crypto much faster than other countries. There was a poll done in 2020 that found 21% of respondents in Vietnam had held or used crypto at some point. That's huge compared to the USA which reported only 6%.

Hopefully the Vietnamese government follows the Singaporean authoritarian model and not the Chinese one.
Vietnam endorsing Cryptocurrency is is a enticing strategy which will help to build her economy enticing more international investors to come and do business relating to crypto mining, software management and other businesses relating to cryptocurrency. This is a big challenge to her neighborhood that is against crypto activities which can lead to shift of business to a more suitable environment that can tolerate good operation of crypto activities.

Vietnam accepting cryptocurrency will really generate more revenue for the country economy by tasking companies that are operating and giving crypto services. It will encourage her citizens whether old and young to be confident enough to invest in Cryptocurrency enlightening them of different aspects and interface in which they can participate in. Learning crypto is a very good skill to learn for one to be able to know and understand the crypto interface, trading, mining and investing which will help to increase job opportunity increasing the employment rate of the Vietnam.
44  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: July 13, 2021, 06:48:37 PM
By the way, the loss was also overshadowed by the attacks of the fans, who focused on the fact that only black players - "Rashford, Saka and Sancho" - did not realize their strikes.
The English fans are the worse set of fan base, the black players are always the scapegoats whenever things don't go there way, the same black player(Sterling) took them from the group stage to the quarter final and even to the final. It disgusting how the English fans see football, if you can not support the team during the worse period then they don't deserve to call themselves fans but racists.
45  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: July 13, 2021, 02:04:49 PM
Sancho is doing medical for Manchester, it will be official probably in 24-48 hours max.
Great player but right now I doubt if there is any English fans who is interested in this news right now after what happened at the Euros, I'm not too confident about his Manutd move, I doubt if he would perform the same way he played at Dortmund. Mauutd may as well switch to 433 formation with Sancho and Rashford on the wing but that's left with whatever the manager tends to play .
46  Economy / Economics / Re: Cryptocurrency is the biggest investment opportunity in the future on: July 12, 2021, 03:11:55 PM
Bitcoin is now the biggest opportunity in society. Bitcoin has existed for more than ten years, and it has driven the development of blockchain digital currency. Due to the high price volatility and other characteristics of cryptocurrency, there is a lot of room for speculation. Now more people are researching and investing in cryptocurrency, and the accepted scope of cryptocurrency is also expanding, and it can be traded and circulated all over the world.
Cryptocurrency is the development trend of today and in the future, and the biggest investment opportunity will be cryptocurrency in the future.

There is no dispute that Bitcoin would be the biggest investment in the future looking at the way it worth and volume  is appreciating, increasing the number of traders and investors that are holding it annually. Bitcoin have the possibility of becoming more valuable than gold which is one of the valuable assets in the world. Bitcoin is flying and have the elbow to be the world most valuable asset with time.

Even though with the level of risks attached, more Participants are still adopting it. It has enriched early investors who see a good future in it and more are still yet to enjoy such opportunity if they take decisions now.
47  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Your thoughts for half year on: July 12, 2021, 02:51:23 PM
Will the market go higher or lesser?

For me the last 3 months of this year are very important for the crypto market, this dip is an opportunity for those people who want to invest in the medium term. Because I think before the end of this year all major coins will break their ATH and we will celebrate the new year with Green Market.
The market is not certain now with the ranging of price going from $50k to $30k. The market is trying to gain more force to project up before going to a particular direction. Price is still going to keep on fluctuating for  months before againing strength to hit a direction. I understand what it means for traders who had bought at a higher price before the big fall of Bitcoin clearing investors accounts without any notice.

Trading and investing at this time is risky especially if the market is hunting stop loss but good leveraging can help one to take little risks at this time of the year where a lot of things are happening. Using higher time frame to see the current condition of the market now show that the trend is bearing with few Retracement which look like the market is trying to gain force to go bullish.

Based on my own analysis and back testing of the market, there is more change for price to retrace to $40k before going below the current support. From now to the year of the year, I see price ranging. There is still hope for Bitcoin to go bullish after this year with more traders and investors entering the market.
48  Alternate cryptocurrencies / Speculation (Altcoins) / Re: This time when bear market comes on: July 12, 2021, 02:13:08 PM
This time totally different from 2018 situation. Still i am beliving that no bear market comes. so what time will come , i think in another 3 months?


When the bear market will come should not be our main interest cause bear market is certain in a trend and it is required of a trader or investor to prepare for this time not just looking after bullish moves only. The bearish is very important in the market cause those that bought at the dip of the market can be able to sell at the top when the Bearish move will start, and those that are planning to sell at the top can do that, to ride the Bearish move to it support where it will gain momentum to go bullish again following the market cycle.

The market to me has started the move but it's not that obvious to the general market untill price go below $30k before a lot of traders will notice that, the market had changed trend. Price is still ranging now going from $30k to $50k in a sided way manner. The market still have high possibility of breaking the $30k support before going back to $40k.
49  Bitcoin / Bitcoin Discussion / Re: What if all the currencies in the movie are Bitcoin? on: July 12, 2021, 01:57:04 PM
This is a way of marketing goods and services where the latest trend in the society that is a talk of the the town will now be use to illustration or presumptuous display so that people can agitate on it bringing more consumers and interest of people to long for it. Bitcoin is use just to attract more viewers that are lovers and holders of Bitcoin to patronage them.

Although it is not normal seeing such kind of scenerio which can also give awareness to people who does not know about Bitcoin and it's existance. But it depends on the actual illustration that is being passed to the society without affecting the altimate reasons about the development of Bitcoin. Some may see it as a means to escape money laundering attention from the government.

Just imagine if all currency in the movie are Bitcoin. If this occurs then their would be lesser currency in display minding the price of Bitcoin. This is a good innovation in display which will attract more viewers, the same time publicing Bitcoin and it altcoins to the society.
50  Bitcoin / Bitcoin Discussion / Re: The Crypto bans are temporary, we are on the right side of history. on: July 11, 2021, 10:12:49 PM
I guess most of you have noticed the rise in the number of banks and Financial commissions and Governments in different countries announcing bans on crypto purchases using banks, crypto exchanges, and in some case Bitcoin mining crackdowns. From UK to Japan, Canada (Ontario) to China, but one thing for sure is all those attempts can't stop a force that has already gained momentum. It only signals that the Bitcoin movement is going down the right path of history.

They want to have control of how people spend and transact but with Bitcoin and other cryptos, they are powerless, that's why they are not happy.

In 1996, the regulatory bodies tried to ban Internet phone software, the rest is history  Grin


Image source
China may be doing this to reduce the rate at which people participate in bitcoin seeing it as a detrimental to their digital coin. The government of China knows the significant problem Bitcoin might cause later if allowing it to gain more freedom might affects their own project. The government of republic of China had once supported the existance of Bitcoin which really helped it price and contribute to the spike that really push Bitcoin price.

Bitcoin is bigger than what people think it is now. No force can stop Bitcoin from existing and now that it has gained structure and muscles to face any difficulty of time. It has had similar challenges for the past years when it was hard for Bitcoin to work through all those tough time when the journey was still fresh. I believe the government of each countries that are against it now are still going to support it and add more value to it later in the future.
51  Economy / Trading Discussion / Re: Forex Trading is Profitable? on: July 11, 2021, 10:02:36 PM
If you have good knowledge about trading then any trading will become profitable it usually depends on the skill of the individual. Of course forex can be a profitable business if you take forex that way if you want to make money in forex you need to know about forex there is a lot to study about forex then when you trade in forex you need to analyze and trade. Before coming to forex you must trade the demo and then come to profit you have to learn forex on your own analyze it understand it then you can use forex to make a profit.
Trading forex is similar to trading cryptocurrency but with few differences. The forex market is as volatile as crypto with various terms that one needs to understand . The forex market is profit if enough understanding of the market system is studied with consistent chart update to know the possible trend the market is likely to fall on. Pure understanding of the forex market will help to relate more in Cryptocurrency market.

The forex trading is profitable if one can be able to combine fundamental and technical analysis together using knowledgeable sentimental to go about the market future moves. Forex trading is very interesting especially if one has good strategy with higher probability of getting it right compared to strategy that can not guarantee the future direction of the market. Consistent trading of forex market can make it easier for one to enjoy the market movements making it easier to analyze cause one would have become accustomed to how the market moves with different patterns that can be of use to utilize the market movement.
52  Economy / Trading Discussion / Re: Stop losses on: July 11, 2021, 09:49:59 PM
Stop loss is commonly used when you do trading, but actually, I am not into trading because it is really risky for me as I dont have good knowledge about technical analysis, so I am more focused on investing which is really profitable for me, just make sure always that you have invested in good coins so you can assure that you can earn good profit on it, avoid coins that are only pump and dum it won't survive in the long term.
Big boys don't bother using stop loss because the market is always friendly to them in term of their experience in the market and number of years they've been trading. Stop loss is not as important as knowing what you are doing and how to cut your risks if the market tend to dance against you. Not everybody uses stop loss when trading cause it might bring bad luck to some people when used.

Their are some of my trades which I don't bother using stop loss because I've already planned my risk and when I intend not to go for a long trade. Like some when I scalp, I don't use stop loss cause it could affect my profits if the market decides to retrace hunting stop by losses before continuation of the current trend. I only use stop by losses when I know the market by is not sure or that okay to ride a trend. I don't also use stop losses when my eyes is in trade.
53  Economy / Trading Discussion / Re: Do you run when you fail or loose in a trade? on: July 11, 2021, 09:36:05 PM
A failed transaction doesn't make much sense. When you enter the field of cryptocurrency investment, you should exercise your tolerance, because there are profits and risks, but the reality is that many people will be very frustrated after failure. Without fighting spirit, you may have to leave the field of cryptocurrency, and everyone's courage is different. If some people fail, they may start over, face their mistakes, and find reasons to do better.
A failed transaction can also have greater effect on one's trading psychology if pure understanding of the market behavior is not put into consideration. Losing an exorbitant amount of funds is very painful and could affects one faculty if care is not taken. I could feel the pains and excruciating expressions of losing hard earn money that had been accumulated for over several periods, and now seeing it gone without any notice.

I've had similar experience before which I almost gave up in trading but later gather my shoes back with strong determination after admitting my mistakes with proper correction and aim to do better. Honestly trading is never easy, it's takes an  understandable mind and emotionaless spirit to overcome loses in trading.
54  Alternate cryptocurrencies / Altcoin Discussion / Re: Nigeria To Launch Digital Currency on: July 10, 2021, 12:44:31 PM
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has revealed that Nigeria will launch a digital currency. With this, Nigeria tracks other nations which plan or have launched digital currencies. China is expected to roll out the e-yuan, its digital currency, at scale, later in the year. The United States has also started work on e-dollars.

The apex bank boss revealed this plan during the 279th MPR meeting held today in Abuja- “We are committed in the CBN and I can assure everybody that digital currency will come to life even in Nigeria” – Nairametrics reports.

He said, “We have carried out our investigation and we found out that a substantial percentage of our people are getting involved in cryptocurrency which is not the best. Don’t get me wrong, some may be legitimate but most are illegitimate.”

Under cryptocurrency and Bitcoin, Nigeria comes 2nd while on the global side of the economy, Nigeria comes 27th. We are still conducting our investigation and we will make our data available.

What's the way forward for Nigerians? Is this good news for them after the ban of trading crypto with banks
Information link: https://www.premiumtimesng.com/news/top-news/463912-nigeria-will-soon-create-digital-currency-cbn.html

This is very interesting seeing countries that where once against the existence of cryptocurrency are now adopting it maybe because of it future value and market revenue that would be of a good source of monetary regulation and control by linking it to one's  bank. This would be a very good innovation for Nigerians and it's economy and as time goes on, many countries also would start seeing reasons of adopting it existance into government policies and establishment.

I think Nigerian government had once banned  the use of cryptocurrency and it's activities tracking people and firms that are into crypto transactions, enforcing sanctions and harsh policies on them by freezing their accounts limiting their access to their own funds. Now it's a good news to see this country now coming up with good prospect of acceptance of cryptocurrency in general for business transactions and means of payment system.

The Government is very smart and always looking for ways to balance economy activities whenever they discovered a decline in the patronage in their own market and Fiat currency especially when their is a huge dump in the use of their own currency when it loses value.
55  Economy / Speculation / Re: How low will Bitcoin go? on: July 10, 2021, 12:07:57 PM
No one knows the lowest level the Bitcoin market will reach before continuing it bullish trend to the top. The market has a lot of ways in deciding it direction which is difficult most time to analyze accurately but sometimes their is always a good tendency of guessing the market right when using the right tools and information, not just looking at the market with a partial view or carrying out trivial analysis that would not be able to give good result.

Speculating Bitcoin price accurately needs a lot of works and it takes a  knowledgeable mind to assertain the least shallow price of Bitcoin before a turning point exceeding it highest level. Well I could estimate that the price is going to reach below $20k  and then ranging for a while before determining it next trend which I believe it would continue the normal bullish trend.

The market is ranging now to gain strength to go more bearish, breaking the $20k level consolidating before going bullish. More investors that bought Bitcoin at $65k level would have been in big loses now, which I expect some to rather sell their Bitcoin when it reaches $50k again and bear their loses then prepare to for the next Bearish consolidation of the market.
56  Economy / Economics / Re: Will Bitcoin be infinite? on: July 10, 2021, 11:27:32 AM
Well I don't really understand your context by the words "Bitcoin being infinite" probably in the nearest future. Are you bringing it in terms of  volatility, distribution or it's uses being numerous? Looking at Bitcoin and it's continuous adoption as a means of payment system for transaction, is increasingly expanding the uses and worth of Bitcoin and the market value.

Bitcoin is becoming unlimited with time, the way investors and hedge firms are patronizing it activities consecutively is expanding Bitcoin potentials making it stronger and firm to overcome any circumstances it might face in the nearest future. The more individual countries continually adopting Bitcoin, the more it will become infinite in nature increasing it resistance toward government policies which might stand to affects it existance.

As time goes on, there would be to consensus in agitating about how Bitcoin becomes inevitably infinite towards obstacles that could have jeopardize the expansion and limit the acceptance of Bitcoin by the society as a medium of transactions and payment system.
57  Bitcoin / Bitcoin Discussion / Re: Bitcoin caused the mass production of altcoins and air coins on: July 10, 2021, 10:34:15 AM
As Bitcoin is gradually becoming known to the public, this financial and economic feast brought by technology geeks.
Bitcoin is like honey, attracting countless butterflies (altcoins, air coins), countless new projects appearing, ICO.IDO.
It feels more like a comet hitting the earth, leaving big pits. It seems that there are countless treasures waiting to be mined.
The greed of human nature, the inducement of big brothers, the participation of whales, all kinds of good news are flying all over the sky, but the result is just a place of chicken feathers.
Perhaps the sharp drop of Bitcoin and endless washings can calm more people down.
How do you think about this issue?
As Bitcoin is gradually becoming known to the public, this financial and economic feast brought by technology geeks.
Bitcoin is like honey, attracting countless butterflies (altcoins, air coins), countless new projects appearing, ICO.IDO.
It feels more like a comet hitting the earth, leaving big pits. It seems that there are countless treasures waiting to be mined.
The greed of human nature, the inducement of big brothers, the participation of whales, all kinds of good news are flying all over the sky, but the result is just a place of chicken feathers.
Perhaps the sharp drop of Bitcoin and endless washings can calm more people down.
How do you think about this issue?
Bitcoin was meant to be productive with numerous offsprings just like a tree producing fruits that attract large consumption of traders and consumers. This is just the beginning of the mass adoption of Bitcoin and it's offsprings which are altcoins whether stable or meme coins of different varieties.

The acceptance of Bitcoin in the society as method of payment system and transactions had really increased the numbers of new coins in the market. In less than no time, by the time the price of Bitcoin skyrocket to like $100k per each, to there would have been millions of coins in the market, expanding the worth and participants of the entire cryptocurrency market.

More countries are still yet to officially adopt Bitcoin and it's activities which is going to expand and emanate more coins.
58  Economy / Trading Discussion / Re: reasons for bad trading on: July 10, 2021, 12:35:05 AM
many times while trading we let our goals down and get greedy or fearsome. the problem are the reason behind, mostly psychological

the biggest impacts to our psychology? maybe the media, the news, the rumors.
we read something and anticipate that it will move 'others' and so we act on our own.
we do it, but we have no idea what it should mean. what should a musk tweet mean to a price? 3%? 10%? what should india banning crypto mean?

Many reasons can  erupt leading to bad trades which is not fixed. Poor psychology on trading Can be one of the frequent reasons why traders lose trades. Trading requires a lot of skill and knowledge in order to understand the in and out of trading. Fear of losing money or blowing account could be a major reason why new traders especially those who can not afford to lose to their ends up having issues with trading be in respective of the techniques or strategy used in trading.

The market with always go it's own direction no minding the stop lose  that is being set. Trading is a very difficult task which requires a good knowledge of the difference perspectives the market could drive into. Having a bad trades is normal in trading but should not be constant, killing the the urge to trade or make good decisions that could result to winning trades.
59  Bitcoin / Bitcoin Discussion / Re: Will El Salvador become the "Home of Bitcoin"? on: July 10, 2021, 12:14:15 AM
El Salvador is now the first country in the world to embrace Bitcoin as legal tender. This is good news for Bitcoin and cryptocurrency in general, because it increases mainstream adoption and demand like skyrocket. China's recent crackdown on Bitcoin, could force miners to move to other countries with a friendly stance towards it. El Salvador could see an increase in miner's interest as China and other restrictive countries lose luster in the world of crypto. Of course, the impact won't be that much because El Salvador is a third-world country. Yet, it's something better than nothing.

What are your thoughts? Do you think El Salvador will become the "Home of Bitcoin"? If not, why? Will other countries adopt Bitcoin as legal tender in the future? Or is it still too early to tell? Why do you think developed countries haven't done such a move yet? Your input will be greatly appreciated. Thanks. Smiley
The agitation of El Salvador of becoming the home of Bitcoin is a good example which other countries that had been again the existence of Bitcoin needed to embrace. Although this is a small country compared to others that have high population density showing the world of the need to adopt Bitcoin as a payment system. I believe that is just the start for other countries to look into the importance of adoption of Bitcoin which could have a good effects on the economy of a country as a good source of revenue.

If more countries adopt Bitcoin as a legal means of payment system, it will really help the cryptocurrency market in general increasing the market cap of Bitcoin. Adoption of Bitcoin can also increase the more participants in the market making it stronger and resistance to cheap manipulation.
60  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: July 09, 2021, 10:54:08 PM


Giroud very close to join Milan but not for free as Milan hoped.

Only 2 m, but still. Money.

Wow what a bagarn!! Marina is a genius in the transfer market, Giroud was a free agent few months ago before Chelsea extended his contract for 6 months with the hope of playing him playing the world club cup and the super cup coming up soon, making £2m from Girioud after all these years is something remarkable, he won everything with chelsea, I was hoping he would move to France.
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