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981  Economy / Trading Discussion / Re: For newbies and plebs who want to self-study to become "traders" on: July 24, 2023, 12:21:37 PM
My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.
I don't think experience people that deals with investment do pay attention on those kind of investment proposals through Internet or in any social media, what us to understand over these points of yours, is that it's the newbies and people who is not aware of scam that always be a victim of this fraud or scam from my perspective, because they always be inquisitive to give any funking information they come across on social media and Internet a trial, so an experience person won't be a victim of it.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.
It's necessary that a trader most experience lose in one of it's trade, and if a trader loses and find out the area that lead he or her to lose I think it will to try for the second time, if its a legitimate platform I think giving a second trial to the same platform you might have noted your observations of what triggers the first lose. When you learn and know the key of trading and observe your lapses in your previous participation in trading, you should be able to know where the loophole come from in the previous trade, secondly what makes people to be curious to go for a second trial is they want to recover the one they have already lose, so I think that a trader should trade with what it can afford to lose without thinking of recovering the one it lost already, when such mindsets enters into a trader that is when what you narrated will happen to the trader.
982  Economy / Trading Discussion / Re: Bitcoin trading and gambling on: July 24, 2023, 11:54:52 AM
Do you know that many newbies contradict the fact of trading and gambling as same measures, but I stand to refute and also say No to such ideas of gambling been same as trading. Let me breakdown categorically from my perspective that gambling is different subject from trading, and it's obvious that gambling is not an identify skill you can be proud while trading is a skill in which people from different geographical environments acquire the system of trading with a fee to comprehend its theories and the primary obligations of trading, so nobody learn gambling it's what you choose to acquire because of you want to make a risk money. The only thing I can say that is making people to think that gambling is as same as trading is the risk that is involve in both, so when you comprehend trading very well you will understand that the risk that is involve in trading  is controllable while the risk that is been attached to gambling is not controllable and secondly gambling can be addicted while in trading you can't be addicted in trading, this is the two things that differentiate gambling from trading.
983  Economy / Trading Discussion / Re: Is This How You Short A Crypto Coin? on: July 24, 2023, 11:41:51 AM
For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

When you believe a particular coin price will go down; you don't buy again, you short the trade which we refer to as sell. It's definitely not for everyone because of it high risk. It looks good in theory but a very dangerous strategy because once you short your trade and the market price start appreciating, is your money that is gradually liquidating as the price increases.
Some who is a trader knows what to do at any given point of time, but someone is a novice in trading doesn't know what to do at any point of time, I know very well that trading that trading is a skill someone who is interested or desperate in trading have to learn and understand the basis before joining, as I stipulate in my first response here, anyone  who want to trade and always try to be in positive side of the market have to know when to enter market and when to quit from the Market, and one of the tools that will help to know the preferable time to be in the market is when you have understand the system by learning the chart and understanding the  movement of  candles sticks in chart, when you are able to understand this primary thing in trading I think you don't  need to be fare of when to be in the market and when to leave the market.
984  Economy / Trading Discussion / Re: Trading as a newbie - advice? on: July 24, 2023, 11:29:20 AM
Hi I want to get into trading and just wondering if anyone has any advice on how to get started?

I am not expecting big things straight away but want to at least learn the basics.

I have been looking online for a book to buy to start things off does anyone have any recommendations?

This two books below have lots of good reviews are they good for someone new like myself? ..

I don't have much to advice you in trading but what I have to advice you is that  in trading you have to skillful and you don't need rush into Trading without knowing the necessary things that should be obtain before venturing into Trading, one of the elements that makes people to lose in trading is lack of focus and lack of concentration in trading, when you understand the rudiments of Trading their is every tendency that you most sure make  a profit but the problem is that some people doesn't care to know the procedures  of trading  and they kick off trading and this have been one of the barriers that leads some trader's into failure  in trading.
If you want to learn and understand the procedures of trading I think that the best thing to do is to start up with online tutorials and been practicing with small amount of capital and check if what you are practicing is in same line with your objectives. Secondly a beginner in trading is not supposed to use what it can't afford to lose to trade because I know quite well that trading is something I know that if you don't understand it's structure of functions you will be experiencing lose at every point in time.
985  Economy / Trading Discussion / Re: Newbies can't profit from crypto without knowing how to trade. Truth or Myth? on: July 24, 2023, 08:12:15 AM
I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false.
That's true, and it's very obvious that before you make profit in trading you most understand the rudiments of Trading but sometimes people I think in trading it's something that you will make just like that without having the pre understanding or knowledge of trading skills, even in bitcoin investment you have to acquire the knowledge first before venturing into it's investment, this is one of the major reasons while people do land into lost during investment or trading, at least having the scope it will help the beginner to know the preamble of what trading or neither investment is all about and failure to learn it properly, it will definitely leads into disadvantages and the disadvantages is all about loss. So in trading we have to take an adequate precautions so that we will not end up  losing our capital towards the investment.
986  Economy / Trading Discussion / Re: Is This How You Short A Crypto Coin? on: July 24, 2023, 07:08:30 AM
1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?
I will encourage you to learn how trade in bitcoin manually that will give you a better understanding for having a comprehensive understanding of trading in bitcoin or any other cryptocurrencies, basically a group were you achieve or get  the understanding of bitcoin can be in group but I'm not like joining a group because they might be deceived you, so in nutshell bitcoin buying and selling have to be on a target so that you can as well make a profit during process, and the only thing that may make you to exactly when you will make a profit in Bitcoin is when you have understood the basic concepts of chart, with bitcoin graph chart it will you know when the market is of negative and when the market is of positive, so buying and selling of bitcoin from a investors is dependent on the ability of the investor to interpret a chart of bitcoin, so therefore any investor or trader should be able to know exactly when due to invest  or sell it bitcoin in order make a profit.
987  Other / Beginners & Help / Re: The Impact of Bitcointalk forum in our lives on: July 23, 2023, 11:32:56 PM
The point of yours is one of the things that made bitcointalk to stand today. Bitcointalk is a platform that you come in and acquire the knowledge of bitcoin free of course, many people who is into cryptocurrency today is been into cryptocurrency especially bitcoin because of the information bitcointalk pass to people on daily basis,

With bitcointalk even the less people who would have not know of bitcoin is now having interest in bitcointalk and when you check the statistics of people who is registering into bitcointalk recently you will know that it's uncountable, and same people registering in bitcointalk is in same vain learning bitcointalk technology and techniques, so therefore I will say bitcointalk is one of the productive platforms that I seen that impact knowledge to people freely without any payments.
988  Other / Beginners & Help / Re: How I end up being into crypto and my journey up and low on: July 23, 2023, 10:54:27 PM
Your story was that way because you lacked the knowledge of those cryptocurrency,and you feel that you can jump into it without having the knowledge. Mining is an expensive investment where you will spend more on electricity and if you are not prepared for it,you will end up packing your equipment.
I like your response and I believe that op should learn from you, it's obvious that you most comprehend cryptocurrency before venturing into it, if someone jumped into it without understanding the basic concept of it the person will definitely end up of losing its investment because it doesn't know the procedure of cryptocurrency.

Another thing I want us to understand again in cryptocurrency investment is that cryptocurrency investment is not something you will rish and join, if you want to excel in cryptocurrency investment you most learn and understand the concepts as I stated above my lines, those people who doesn't know the concept of bitcoin and cryptocurrency generally are the one who do have challenges over investing in cryptocurrency or bitcoin. When you know the rudiments of cryptocurrency you will know when to invest at appropriate time.
989  Bitcoin / Bitcoin Discussion / Re: Farmer's Bitcoin Investment on: July 23, 2023, 07:24:17 PM
What I want you to understand is that, its very obvious that bitcoin investment is all amount risk purpose and you most be a decision taker before you can invest in bitcoin and propagate, the risk the first farmer took and became propagated for investment doesn't mean that bitcoin doesn't have a disadvantages, so the disadvantages this year might be higher than next year and that is applicable to the advantages, so I believe that bitcoin whosoever investing in bitcoin should learn and know the doctrine of bitcoin before investment,  because if you follow another person way of success in cryptocurrency and invest without understanding the procedures it's obvious the person might end up in losing its bitcoin investment.
990  Alternate cryptocurrencies / Altcoin Discussion / Re: Which cryptocurrency comes close to bitcoin? on: July 23, 2023, 07:14:52 PM
I should stop looking too much into the future.

If it should really be the case that not so many bitcoins can be traded on the market, then there will definitely be good alternatives by then.

Speculating about this scenario now makes little sense, because there is currently enough Bitcoin to buy Smiley

Your suggestion is not corresponding with op point of view, what op Is asking is a cryptocurrency that is very close bitcoin, automatically what op needed is to be specific in a particular coin we assume that will be closed to bitcoin in future,  so looking at numerous altcoins that you know and notice that In cryptocurrency industry the coin that is trying to meet a bitcoin standards is ethereum. But in cryptocurrency bitcoin is been mentioned as the father of all cryptocurrencies.
991  Bitcoin / Bitcoin Discussion / Re: SCAM or not ? on: July 23, 2023, 07:06:30 PM
What I have to tell you in this, is that scam is of different derivatives and we have to be aware of scam because scammers always scam people through investment platform, so before you venture into scam i will like to advice you to  tr make inquiring first before any kind of investment. From your statement I found out that you should leave the platform before if you continue with the direction of the customer service it will trigger you to deposit more and its what they needed from you. So don't continue with them until you get your fund's back, I will not conclude now that their scammers.
992  Economy / Economics / Re: Inflation is making a mess of my savings. on: July 18, 2023, 11:02:55 PM
Do you that it's because of inflation that makes some people to began to look a means of making investing their money because everyone is looking at the investment it can venture that will help to make it money capital or finance to be valuable, so I will say that should be one of the major reasons bitcoin investment and bitcoin price is appreciating from my perspective.
993  Economy / Gambling discussion / Re: Why is Gamble gain more fans than Bitcoin? on: July 18, 2023, 10:57:32 PM
In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?
Just chesk this source
Gambling will lead and I'm not astonished to see Gambling leading because currently I believe that gambling have more population than any other things because I believe that with gambling people do think that they have arrived, and secondly many adults who is unemployed uses gambling as means of hope in life and this scenario is what makes gambling to take a higher traffic than other things because many young youths are very curious to get rich within the space of two weeks, so I believe that gambling of different varieties want to dominate every thing
994  Economy / Trading Discussion / Re: What's your favorite crypto;Bitcoin on: July 18, 2023, 10:50:16 PM
Do you know some people doesn't differentiate bitcoin and cryptocurrency, I have observed this severally in some people comment, cryptocurrency have subsections in which we know quite well. Do you know that bitcoin is a digital currency that is decentralized and while people choose to use Bitcoin during this process is because it have a good reputation and potential while others like altcoins some of them doesn't have a potential.
995  Economy / Trading Discussion / Re: Things that influence our trading decisions on: July 18, 2023, 10:43:22 PM
Trading has always been a PvP game with a limited supply. This means everything that affects us as humans also influences us as traders.
It has been steadily changing however with AI and bot trading. Those systems have no emotions (tho they are still coded based on human emotions). They have their own weaknesses but the effect they have had on the market is obvious.
You can't trust bot hundred percent because those things are programmed and since its programmed it does not have accuracy, so it's a man made which you can't not be dependable on them, but I wonder while people always emphasise on them mostly recommend them as a useful tools to trade, what you said about their weakness I think you are right because, no bot that doesn't have a disadvantages but many people will think that all bot works perfectly while it's made by human.
996  Economy / Trading Discussion / Re: Trading as a newbie - advice? on: July 18, 2023, 10:29:10 PM
I don't have much to tell but what I have to tell you is that in trading you most learn the rudiments of Trading because trading have to do with learning and if you don't understand the basic principles of trading it really leads to disadvantages in trading, but for you to understand the basics thing's of trading just read through the links some colleagues drop for you.
997  Economy / Trading Discussion / Re: Can gambling and crypto trading be considered as skills with $10k gain a month? on: July 18, 2023, 10:22:15 PM
Can  gambling or crypto trading/crypto investment be considered as a skill?
What can be considered as a skill is a cryptocurrency trading but in the aspect of gambling from a history gambling never be a skill from my perspective, a gambling is game of luck and the luckiest person is the one who can make it through gambling while in trading if you know the skill very well you will benefit in it because of the chances of venturing into disadvantages of trading by losing during the process is very slim, while in gambling you can lose at any point in time
998  Other / Beginners & Help / Re: Why Crypto may go wrong for some people on: July 18, 2023, 08:53:46 PM
In cryptocurrency investment you have to learn and understand the the procedures before investing in Bitcoin because if you learn the necessary procedure i think you won't be able to understand exactly what is going on in cryptocurrency world, basically cryptocurrency is something you supposed digest the bases before investing on it, therefore you su know exactly what the rudiments of bitcoins before investing in Bitcoin.
999  Other / Beginners & Help / Re: Bitcoin is the kidney of cryptocurrency on: July 18, 2023, 07:36:36 PM
Your comparison of Bitcoin with human organs is laughable but in other way round it's understandable with some of your instance, bitcoin is a digital currency and it can be use to give analysis of a currency, i comprehend the aspect you are trying to drive at, the illustration of Bitcoin with kidney, humans survive with one kidney, so that particular aspect your under assumption, Bitcoin have a good reputation from the day it was created and that's while other coins is under it's control for increment in the market, so Bitcoin is a brain behind the acceleration of other coins, so base on that you can not convince me with your illustration that can be referred that Bitcoin is a kidney of cryptocurrency while kidney can be at functions with one kidney left, so from my understanding that perspective it's a welcomed development, it will mislead newbies with this conception.
1000  Other / Beginners & Help / Re: How do I avoid and identify scams? on: July 18, 2023, 06:56:27 PM
You can identify a scam project through the furtherance of the project, so projects that is not reliable and have a low reputation can be seen as a scam project, where you can see a scam projects is of the alternative coins where projects is been launched every time without a good sponsors. To detect a scam project you most make a research of the project and mainly to check a prominent and pronounced investors who you know that have firm, if you not be able to figure out some prominent investors who invested you can decide to withdraw your intensions over investing such platform.

But some newbies does not make a positive research before investing to some projects and that's why they get scammed in some of the investment, but without I know quite well, it's the newbies who always be the victim because don't make a research before investment, while old investors make a proper research before investing in any platforms and that is while they don't get scam easily during their investment in any new project.
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