I think that success in trading is in two parts, which is - First having a strategy, - Secondly knowing how to utilize the strategy to profit well.
These two points are still circling around the same meaning. Having a strategy means you know how to use a specific trading approach, which makes it called a "strategy." If A trades with an indicator in a way, and B trades with the same indicator, but with a twist, that means B has created a strategy different from A, despite using the same indicator. But still, they are their strategies, not anything else. Perhaps you wanted to explain it from the angle of a "trading system." If that is the case, then you need to explain a different term entirely, other than calling it a strategy.
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I understand the concept of UTXO hygiene, but I'm not sure if these tools still offer real benefits now that exchanges, blockchain analytics, and surveillance techniques are way more advanced.
Do you still use them? Or is it better to just use tools like Samourai + Stonewall + manual labeling?
These reasons should answer your question, and they are: 1. The amount you are talking about 2. How the coins got into your hand 3. The purpose of mixing the coins These factors vary among people, so mixing is still a priority for some people. But certainly not all, depending on their situation with respect to those factors. As for Exchanges, they might be smart, but mixed coins still penetrate easily. Moving it further among addresses, and even exchanging with different coins among DEX, after the mixers have delivered the mixed coin to you, would make it even harder for exchanges. And don't forget, it's not all exchanges that mandate KYC, so you can do it with different accounts.
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Sometimes most traders think maximizing lots of strategies will results in quick actions but it differs, yes a profitable market depends on a good strategy in as much as you can be consistent in it. And clearly sticking to a particular strategy doesn't seem profitable in the long run as things tends to change this is more reason one get to hold on to different strategies while working with one.
They don't have patience because they want to get results quickly and big, but actually the more consistent you are with just one strategy, the greater the chance of getting consistent profits, even if it's not big. I'm not the kind of trader who advocates for anyone, it's good you do whatever you want to do. But I tell you, as I won't condemn a single strategy used, I am certain that anyone using a strategy is not yet a real trader. Such a trader will miss a whole lot of reasons why the market acted in a way. But this movement is easily detected by other strategies. Aside from that, one strategy will not do all the work of Trendline, Daily pivotal breakout, Price action, Overbought/oversold, Wave theories, Retracement detection, and many more. One strategy is for starters, take it or leave it.
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It is because of:
a. peer pressure? b. early exposure to it? c. social influence? d. the dream of winning big and have a good and better life? e. to cope with stress?
Unfortunately, I started gambling due to none of the above. I've been exposed to gambling since I was in my first year in Junior Secondary School, but I didn't gamble until I was in my last year in university. This proves that I didn't gamble due to any external factors/reasons, but just wanted to gamble. I think it was just for the fun of it then, and not for the money. Of course, I started with football betting, and it was successful for me before I quit it since I didn't have interest anymore for no reason. I later continued many years after, which makes gambling not to enter me as such till today.
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My best advice is:
Not your Keys - not your Coins
You are right to consider this your best advice. It's fundamental in the crypto world, and it's precautionary as well. I couldn't imagine how daft some people are "crying foul" online with exchanges seizing their $300k, $500k, $1m, and even more. What were they thinking to have entrusted such huge amounts to a custodial arrangement? I guess we are learning, and we should continue to learn this way, which makes me add the "DYOR" (Do Your Own Research) advice.
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This is a good example I like to hear from true crypto enthusiasts, and not what Trump is preaching, whereas he is doing the very opposite. If not for gaining so much in crypto, Trump wouldn't have bought the latest Bitcoin he bought in 2025. Well, we need more of this "lead by example frontliners," it will not only encourage other employees but also encourage other CEOs and potential Bitcoin adopters.
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So I’d like to ask fellow gamblers here, do you think this move is justified? Or is it too harsh? We all know that gambling is addictive by nature. No matter our financial status, anyone can fall into addiction. But is banning it entirely really the only solution?
The justification of the move depends on the constructive/reasonable point of the senator. The guy might be humane to the point that he believes the house is making this money, and the people are getting poorer due to gambling. Is this not true? That is the question we should ask ourselves. However, what he refuses to acknowledge is that there should be a certain level of freedom for everyone, so the government shouldn't take it from us easily. For this, I believe more regulations to tackle some issues, especially the excesses is better than outright banning it. And what could be the possible consequences if gambling were banned in a country?
There will be no consequence at all, and if there is, that will be people retaining their money better.
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What do you think, what kind of token sales model will emerge and boom at the end of 2025 or when the bearish cycle occurs later?
I think crypto projects have reached their limit in "terms" and purpose, "there is nothing new under its sun." We should not be fooled, anything new coming now is just a change of name/term, but with the same purpose. Let's all be careful. Just to remind you, if there a new sales method found in near future, maybe they well ended up with similar condition. so, be careful.
If new stuff comes on board, well, the first set of people who will participate may be lucky enough to make their money. But I assure you, the subsequent one, or the persistence of the first one, will yield nothing but a waste of time and effort.
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Is over 3 months now btc is experiencing lost
This is not true, Bitcoin has been ranging, and has experienced the upper level hit more often than the lower level hit in 3 months. in my little way I use 1 million naira to invest and ever since then I don't feel like sleeping because my money keeps dropping every now and then
You don't have an investor's mind, so I advise you to stop investing to avoid giving yourself a health issue. Sleepless night due to Bitcoin is ridiculous. This is more reason why I advise people to buy the dip, and not the peak. So that they can quickly slip into profits rather than racking up losses for long.
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What does that make me?
Unapologetically, it makes you a bad father. For her to be gambling is not the issue, but the gender and the legal age are concerning. Fine, every gender can gamble, but some activities are more masculine than feminine. If a female child could be exposed to gambling at that young age, don't you think it can psychologically impair other feminine responsibilities in her? I advise you to dissuade her. She should occupy her head and mind with education and self-growth first, and not gambling. When did you gambled for the first time? Maybe you have kids? I guess you wont like if someone from side start doubting your parenting, give advices how YOU should raise your kid. This statement of yours is an example of pure nonsense. Why asking me those foolish questions? And if you must know, I am a very responsible parent. So what??? The OP has asked for our honest opinion, so I should be hiding? People acting hypocritically like you are one of the issues within society. You don't like people calling a spade a spade, but hiding the truth so they won't feel bad. I only asked a question as a parent myself, that age is too young for parents not to know what is going on in the life of their child. That is not 15 or 20 years, it's 10 years for God's sake, so what are you pointing to? Parenting is a big responsibility, and no parent is perfect, for this reason, parents will continue to have faults in this world, whether you like it or not. So, we should tell them they did well when something feels wrong? You are a hypocrite!
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I started gambling when I was around 10 years old
This is reckless! What were your parents doing? I guess they should be able to detect this from that young age. What does that make me?
Unapologetically, it makes you a bad father. For her to be gambling is not the issue, but the gender and the legal age are concerning. Fine, every gender can gamble, but some activities are more masculine than feminine. If a female child could be exposed to gambling at that young age, don't you think it can psychologically impair other feminine responsibilities in her? I advise you to dissuade her. She should occupy her head and mind with education and self-growth first, and not gambling.
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Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.
You have your point, but people might be talking from the perspective of the expensiveness of Bitcoin. Bitcoin is now expensive, so it is not what it used to be when a civil servant could easily buy 1 or more BTC without breaking the bank. By virtue, the earnings of those with little investment in it have drastically reduced. Some big money will yield a high return, but small money might yield a widow's mite. So, if anyone says it is for the rich, though it is not entirely true, it could still be technically true in a figurative way.
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For example, if you didn't have car before but then you purchase it, use it regularly and then when you don't have it anymore — you'll miss your car, you'll feel like you can't live without it even though you managed to live without it before.
It depends on how you view the car you bought (the purpose). Is it a want or a necessity? To some, their car is a luxury, but to others, it is a necessity to improve their transportation and for carrying certain loads. It even saves some people the transport fare and inconvenience. If the latter is your case, there is no way you won't miss your car because you need it. It's even poverty that makes a family not to have at least a car, for this is not about luxury, but convenience.
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Has anyone else noticed that these days, having a university degree does not seem to guarantee a good job anymore? In the US, more than 40% of new graduates are working in jobs that don’t even need a degree! In the UK and Canada, youth unemployment is even higher, and entry-level jobs are much harder to get. Now, for each job, there are more than 100 people applying
I am one of the people who are inclined to work for themselves, so the university certificate may not be useful for us. But at the same time, I won't shy away from the truth, I am sure that a university certificate is valuable and has helped a lot and will continue helping many more. This has helped many to build a befitting career and avoid being discriminated against or treated lower. It has helped some people who are now business owners to understand the way of the business and the economics around it. Courses, matters too, some courses are too professional for you to stay with an employer for too long, provided you know what you are doing. So, the current global employment/unemployment issues and the country we find ourselves in could be serious discouragements. Regardless, a university certificate will always be a door opener for many.
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-snip-
Its quite unfortunate that i was born into this country The same here, my brother, selfishness, ignoble acts, corruption and foolish leadership have put the country on its knees. Make i never conclude yet say na means to embezzle money again be that
Conclude, my brother. You don see anything wey the Nigerian government do wey dem no embezzle money? Even those ones that have good intent? Na their way. Edit: As expected, they didn't say anything about capital funding and will likely use the program as an opportunity to max-extract funds from the economic treasury and use < 10% for actual training lol.
Normally me I go call this one Ponzi scheme but not the regular one but a special type of Ponzi only government officials can do. Ponzi scheme? Well, I don't see it that way because it doesn't, in any way, fit the definition of a Ponzi scheme. It's just a foolish decision that I'm sure was conceived in the bid to squander more money from the national treasury. They are just using this to cover, and I am sure they know this plan is futile even before starting. They care about no one!
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As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.
The advice is simple. They should learn from the traders ahead of them. Is trading easy? Are they gaining from it? What are the challenges they can face? All these are the questions that should be running through their minds. The newbies do not have two heads, so what numerous traders have faced (experience) should be their best teacher and deciding factor. My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.
Good advice! But first, let them learn if trading is good for them.
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Sorry for the lateness, I was supposed to post this since June, when it was still fresh. Notwithstanding, the gist is not late at all.Guys, this must be a joke, for real, otherwise, Nigeria is in a serious problem, as it tells deeply the kind of people managing the country. I read from Punch that FG plans to train 100,000 youths annually in Forex trading, claiming it's meant to tackle unemployment among the youth. Could this even be true? Forex trading to tackle unemployment? Is the Nigerian government this ridiculous? How??? I've been in the world of trading for about 20 years now, so I am in the right position to say that trading is not child's play. To date, in the course of my trading escapade, I've met hundreds of people (if not a little above a thousand), and I've also trained quite a few myself. However, as I type now, I am the only active trader among them. This is how scary trading is. I, myself, should have abandoned trading for years if not that I was stupidly stubborn until it got better. This is certainly a mistake, or perhaps a mischievous/corrupt plan to pump money meant to be stolen to their cronies (Investonaire Academy) in the guise of training a vast number of youths in Forex trading.
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At this point, IMO I feel BTC is heading to 92k or lower from my view of how weekly TF is, but I'll expect a pullback to either 105k or 104k before going to 92k. We might get to 86k, but I can't say for that now till we get to 92k first. what is your View on BTC?
I guess you said all these because Bitcoin was falling at that time. But you should have known that we are still in the bullish season, and what mainly caused the fall was 1. the overbought condition and 2. the Israel-Iran war. However, the overbought must end for sure, and I love how Bitcoin countered it very well before causing any further damage. As for the Israel-Iran war, it is such that Bitcoin always dust off over time. It is when the war starts afresh that Bitcoin is affected. This has happened many times.
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As a community, what your own thoughts/opinions about this development for the crypto mainstream?
For good things, you would still see people who would criticise it, and the same goes for bad things, you would still see people who would align themselves with it. Above all, having the crypto week is not bad, after all, it is the week to celebrate cryptocurrency, and mind you, nothing in this world is perfect. If the centralisation within the decentralisation crypto brought (as complained) is the price we pay for the government to continue to cooperate, why not?
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My question is: how efficient are these AIs really? Do they significantly improve a trader's overall profit and loss ratio, or is the improvement only marginal? Has anyone else here used a similar AI for trading? What was your experience like?
I've not used the present-day AI for trading, but when it comes to enough bots on the MT4 trading platform, yes, I've used it, and I've also followed the reviews and daily updates of some people who tested them for years on a verifiable platform. Verdicts: 1. It's either they fail woefully, or 2. They earn you profits and fail later, or 3. They continue to gain and lose to the point that you have no tangible thing to celebrate for a very long time.
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