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1  Economy / Economics / Re: Forex trading on: July 27, 2021, 07:11:21 PM
That is a really nice result for the first day, but the result should be sustainable.
Surely, we should know what your risk and money management was. It is important to know in order to make sure that the result was logical enough and can be extrapolated to the future. There are so many occurences in Forex which don't mean anything. Like 8% could be just a matter of good luck and it is not necesseraly that your trading strategy is beneficial and can bring profits in the future.
I really like the idea of trading bots and I do really think that future trading will be occupied with bots because they have so many advantages compared to the human beings. They don't have emotions and they are good at calculation which is of utmost importance in trading, also, they do operations very fast which means that they can do more deals during a trading session.
Trading bots are really nice, but you should understand how they work and be ready to change their way of work if the financial situation requires you to do so.
2  Economy / Economics / Re: The first rule of investing is saving on: July 27, 2021, 06:12:37 PM
This idea is quite obvious.
Surely, if you want to invest, you'll have to stay away from lots of expenses in order to make your extra money. So, the first thing you need to do is to generate positive cashflow in order to have this 'extra money'. It means that the income should exceed expenditures. If you do that, you'll have to save some money.
More than that, investing means that you don't spend your money today in order to get more money tomorrow. This is all about saving and this will make bright future.
All in all, investing is all about managing the money and thinking about future, so, if you want to invest and make your future consistent, start saving the money as early as you can.
3  Economy / Economics / Re: The One World Currency: Is it Bitcoin? on: July 23, 2021, 07:47:17 AM
I don't know how about you, guys, but I think that the ideas of global government and global currency is a total BS.
There has been so many different theories of the only language and the only government on Earth. I cannot imagie how it could be possible for people to unite. Maybe there will be some catastrophy which will kill the vast majority of people and there will be only a small group of homo sapiens sapiens which will have its leader. In this case you are right about one global government. However, I can hardly imagine bitcoin or other cryptocurrency in the scenario of apocalyps. Perhaps, people are likely to use shells as their currency in such a situation.
I totally support the idea that bitcoin and other cryptocurrencies have rosy prospects and their capitalisations will continually grow, and people don't want to be limited by a single crypto, people want variety.
4  Economy / Economics / Re: Will crypto lead to the next financial crisis? on: July 13, 2021, 11:11:37 PM
It is too early to talk about cryptocurrency this way.
I support the idea that cryptos are really promising financial instrument which will be in high demand in the nearest future and will have the opportunity to influence the global markets really dramatically. However, right now its capitalization is too small to make any tangible effect on the economy. You mentioned last economic crises but they were connected to the old instruments like stocks and modified old instruments like CDOs. Cryptocurrencies need to take the time in order to gain popularity and trust from the officials. Nowadays, China is already uses digital yuan which is the first step for cryptos to establish on the big global markets. I believe that when the USA admits using cryptos, their capitalization will skyrocket and after it the bubbles are likely to appear. However, it is not the matter of months, it will take several years for cryptocurrencies to become an integral part of global economy.
5  Economy / Economics / Re: Organised crime on: July 01, 2021, 01:49:21 PM
Totally agree.
Criminals may use everything that ordinary people use, but it doesn't mean that those things should be banned. Apart from cryptocurrency, organised crime also uses nylon stockings to hide the criminals' faces, should they also be banned? There shouldn't be any remorse about using the things that bad guys use. Like, you shouldn't have moustache because Hitler had. That is absolutely rediculous.
By the way, mob also uses cash which is also hard to control. Surely, bad guys have more opportunities for financing but it doesn't mean that bitcoins are used only by criminals. As usual, there are lots of excesses anout new technologies. The main thing is that people are afraid of something new. It goes without saying that new technologies bring new challenges along with new perks. So why not find the solutions to those challenges instead of stupidly banning the technology?
6  Economy / Economics / Re: Is money the root of all evil as the poor to thinks? on: July 01, 2021, 11:22:32 AM
The mindset predetermines personal future.
As for me, I think that the phrase 'money is the root of all evil' is an excuse for remaining lazy and poor. This phrase is actually extremely old and cane from the feudalism when the peasants were convinced about negative effect of the money in order not to think about it and keep on working the land for the feudal free of charge. Nowadays, this saying has become a motto for the poor. It is hard to admit that you just simply cannot make money because of your skills or educational background or laziness, it is much cooler to pretend that you have some philosophy behind the fact that you eat cheap food and cannot pay the rent for the apartments you live in.
I am not really a fan of Robert Kiyosaki but I liked his phrase which actually transformed my mindset: 'Don't ask yourself whether you can afford this or that thing, ask yourself how you can afford it'. This phrase makes it all different. It pushes you to do something in order to achieve a certain goal while 'I cannot afford it' just states the fact that you put up with. The same thing is about 'Money makes people worse' concept: by saying this phrase, you put up with the poverty you live in and it doesn't motivate you to become better and skillful in order to buy something.
That is why, if someone wants to be rich, he/she should first of all invest in themselves in order to get rid of poor philosophy and start making money.
7  Economy / Economics / Re: what makes us good investors. on: June 30, 2021, 03:42:44 PM
It is easy to say 'to separate our emotions with our investing'. How to do this? It is something like to say a panic stricken person to calm down. I think that the only way we can protect our decisions from emotions is to create an accurate and precise trading strategy, where will be no room for emotions but for analysing and reading the charts and indicators. Only in this case it is possible to get rid of the emotions.
8  Economy / Economics / Re: Can the world be without poverty on: June 27, 2021, 06:06:39 PM
Poor is a relative term.
I mean that poor people differe from each other: the poor people from the Middle Ages were different from the poor that live nowadays or American poor people are not the same as Chinese poor people. A poor person means a man who is lacking sufficient money to live at a standard considered comfortable or normal in a society. Technically, we can get rid of poverty right now by lowering the living standrads. Poor people's financial situation will not change but officially they will not be considered as poor.
There is such a philosophical concept which is called 'Communism'. It implies that there will not be rich or poor, everybody will be equal. But it works only in theory, in practice there is still stratification of society which we observed in Soviet Union or North Korea or anywhere else. Surely, one can say that these countries haven't reached the communism but they were the closest to it in their mindset. It goes without saying that communism is impossible but it may be the only theory which aspires to financial equality.
If we have free markets, there wiil be also people who earn less or more, which drives us to the conclusion that poor people will also exist. Perhaps, one day the poor will live better than contemporary middle class (remember my comparison to Middle Ages), but they will still be treated like the poor.
9  Economy / Economics / Re: Crypto vs Stocks on: June 26, 2021, 08:07:24 PM
I personally see it this way. There are different national stock markets to invest and all of them differ by the risks associated with the economic stability of the countries where they are held. The most stable and secure stock market is American one. FIrst of all, it is strictly regulated by the government and the overall performance of American economy is solid. So, you can invest in the US stock market in order to be more or less safe from scam and immidiate default of the whole economy. Along with American market, there are some others which are less secure, for example Russian stock market. Russia is a developing country which has already suffered from default that it is why its Fitch rating is BBB. What does it mean? It means that investing in any companies from Russia is much riskier than investing in American ones. But, the more risks you have, the more potential benefit you get. If we look at the average divident yield of Russian companies and compare it to American ones, we will be surpeised by the fact that the average divident yield in Russia is about 8-10% while in the USA it is only about 2-3%. Which leads us to the conclusion that it is more perky to invest in not quite stable but benefitial Russian economy.
The same thing with cryptocurrency. There are lots of risks of being scammed and high volatility of the market, but if you know what you do, you will perform much better than you would in stock market. On the contrary, if you don't want to learn, you'll fail in crypto market and in stock market. Higher risks presuppose higher yields.
10  Economy / Economics / Re: How do you define rich? on: June 26, 2021, 07:22:34 PM
In my opinion, it is impossible to define a rich person using absolute terms like amount of money which they possess.
Imagine a person who earns $100K per month. SOme people may call him rich right away. But if he spends $110K every month, can they be called a rich? I don't think so because in a not-too-distant future they are likely to go broke. My perception of rich is a person who earns more than he spends. Especially, if they have some passive income which is higher than their expenses. Such a person earns more every year and becomes richer and richer without cuttind down on his expenses.
There is some common situation when people win in a lottery and lose everything in a year. Rich doesn't presuppose only having money but also knowledge of managing the money.
11  Other / Off-topic / Re: Good habits about learning on: February 07, 2021, 08:03:55 PM
I think that the main thing in learning is to not to learn too much. I just want to say that you shouldn’t try to learn everything you are interested in despite facing such a strong temptation. Earlier I tried to do this. As a result, I stood still and didn’t start anything. It’s because each time you try to disperse your attention on everything, your will is absolutely paralized and you are unable to do anything. Instead, you’d better focus on one thing. Once you learn it, move to something else, following other points in your list. Curiosity is a strong thing but then you will realize that you need a very few things in your life, the rest is an illusion.   
12  Other / Off-topic / Re: Do you use a VPN? on: February 06, 2021, 04:28:41 PM
I use VPN very often Well, it’s not about my inability to access certain Internet resources, but I mostly do it because I am greatly concerned about my privacy. For the last time, I have seen many signs that my privacy is violated on a regular basis. Now not only high tech giants, but also nearly every website may spy on you. I can’t say that I have peace of mind each time I use VPN, but at least I feel less nervous. Perhaps, I have a sort of phobia and it needs to be cured, but I’m already got used to VPN.
Sometimes, I don’t use it because I noticed that it slows down my Internet connection.
13  Bitcoin / Bitcoin Discussion / Re: Capital Gains Tax on Cryptocurrency on: January 18, 2021, 03:52:25 PM
Perhaps in this case you should consult a lawyer, I see no other legal and normal way to resolve this issue with the least losses. But I agree that you should not agree to any dubious approaches and solutions, it rarely leads to anything good. And what if then you lose your money and opportunities altogether? Nope, that shouldn't happen.
And don't be afraid of any associated costs.It's okay, but when you do everything according to current laws and regulations, you can count on all transactions being protected and you'll definitely be as safe as possible.
I hope you can resolve your issue soon after all. Write back later about what you were able to do.
14  Bitcoin / Bitcoin Discussion / Re: What do you want to but with BTC? Or for what to accept it as payment? on: January 18, 2021, 08:23:39 AM
I have a feeling that with the increased interest in bitcoin, everyone seems to have forgotten that there are other assets and they can be used for any financial operations, without any doubts that everything will go smoothly and efficiently. We cannot give up what has given us a normal understanding of the situation for many years. And this is a purely personal choice for everyone. You can always choose something that will give you confidence in tomorrow and show you some kind of more understandable state of affairs. I, on the contrary, probably wouldn't use it precisely because it has no history and it's not yet proven enough for you to say with certainty that it should be used or definitely not.
15  Economy / Trading Discussion / Re: Don't buy what you can't hodl. on: January 12, 2021, 08:26:20 AM
You should never buy more that you can handle. It is good to invest in bitcoin but before you invest you do have to take your time and do an analysis. You need to find out just how much you're willing to invest and whether or not you will be able to deal with the outcome. Risk is part of everything and you can't just invest with a view of gaining only. You need it now just how  losign will affect you. If you will not be able to handle the loss then you should put in less money and not end up regretting it later. Making an investment is always a good option but only if you take some measures to keep it that way.
16  Economy / Speculation / Re: POLL: What will be the ATH in 2021? on: January 11, 2021, 03:11:30 PM
What he has aid is true. There's a limit through which bitcoin cannot rise any further. That is because if the price of bitcoin is that high then thee will not eba lot of people who will be able to afford it and that means there will be less traders because most of the trades are not that high class if you take a look around. The price has to be regulated ad as much as some people may want the price to rise it will never do that because it will be a disadvantage to bitcoin itself because it has to be used by people and not persons for it to have value. There are therefore measures in place to make sure that the price doesn't go way ahead than necessary.
17  Economy / Exchanges / Re: Binance Year in Review on: January 11, 2021, 09:15:18 AM
I can say that binance has had a good run so far and that is because of the fact that here have been so many more traders of bitcoin. You have made a very clear overview of everything to come up with this summary. THis is the kind of work that bitcoin traders need to be able to do just like you have done it. If you can reach this level then you can count yourself as one of the god bitcoin traders who have an eye for detail. You always need to be well informed or you amy end up trading in some areas that are not worth anything.  This is a good sign and can motivate some of the traders to work with finance.
18  Economy / Trading Discussion / Re: Are you Interested in trading? on: January 10, 2021, 05:06:56 PM
They are not that bad at all. It  seems that you have had a chance to do your research and find the best sources for crypto signals. Most people really have a hard tiem finding such sources and yet you have gave it to them for no charge at all. At least there are are going to eb some people who will benefit from this and then be able to have a good time trading bitcoin. The signals do help but you also need to do your own research. There are times when you are sure of one thing and then what happens is not what you had expected. There are also quite a number of other reliable sources for crypto signals.
19  Economy / Trading Discussion / Re: How to take BITCOIN profit without selling? on: January 10, 2021, 12:21:53 PM
Sure enough it may be true that there is a way that you can earn more bitcoin without having to sell but it is not something that will earn you that much. These are just some tricks that youtubers come up with and then feed the minds of desperate bitcoin traders who are really looking forward to making something more out of bitcoin. If you try it then you may not notice any good improvement. They have ways of making their ideas seem like they will work and earn you that much but they will not. You should just take bitcoin the way it is supposed to be taken and make your profit without the unnecessary tricks.
20  Economy / Exchanges / Re: Coinbase cancelling sale on: January 09, 2021, 04:43:44 PM
I am surprised that you are just finding out this right now. This is how the world works. There are always measures put in place to make sure that everyone trading in bitcoin doesn't go through a certain point. it is a good thing that you were able to notice it. It was not an accident but something that was meant to happen because you had sold at the strike as you have said. This was them limiting you from getting through the trade and earning a lot. Of course there will not be any explanation and it is done in a way that you can't do anything about it. What you can do is let it go because it is not worth it. That is how things work in the market.
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