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1  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: Today at 06:11:57 PM
The risk placed by the rich is greater than that of the poor type of person. Because the rich have more money, the chances are higher that they are actually capable of having an opportunity to win a winning amount of money on a casino gambling platform here in the crypto space.

But they also take the same risk when playing gambling, whether it is traditional or in the crypto space that we live in today in this business industry.
Yes, this is only a nominal problem, that large groups of gamblers seem to lose a lot of money compared to poor people, they have their own financial capacity. Of course, if the poor experience defeat by having much less money than the rich, at least they will experience a fairly large loss with the finances and capital they risk at the gambling table. Risks and chances of winning. In my opinion, rich and poor both have risks. This depends on how someone struggles in playing the game.

2  Economy / Economics / Re: Money is all wealth? on: Today at 05:07:43 PM
From a personal perspective, real wealth is not only focused on literal money, because many rich people, as in many billions of dollars, do not have peace of mind. If you look, most of the rich are not rich with real friends.

That's why there are other rich people who pretend to be poor people because they want to experience a normal life without much thought about their riches. When you only have friends who can be true to us and who will remind us of the right or wrong things we do, that is the real treasure that money cannot buy.
Not having what kind of calm? If someone has billions of dollars, of course he will employ someone as a bodyguard to look after his family. Yes, many rich people seem to pretend to be poor. They know that crime will always be there at any time. That's why they don't want to be seen conspicuously by local residents.

It's true that money can buy everything, but in my opinion, family, children and the friendship of loyal friends are difficult to buy with money. The story you said above is like the story of footballers Christiano Ronaldo and Albert Fantrau.



3  Bitcoin / Bitcoin Discussion / Re: BTC Investing To Now Taxable Events on: Today at 04:13:37 PM
Question on BTC and other cryptos

This is from being in Canada.
I was wondering if there is a way to further invest with my BTC and other cryptos without and being in legal terms.
That’s hard. Laws are written rules but we can find loopholes and bends to do something a little illegal if wanted. We can do that because our laws have loopholes but it depends on the country where you are so it’s difficult to not talk about the legal terms

From what I know anything you earn from anything must be taxed.
It's true what you say, it feels like it's impossible for us to avoid taxes, let alone converting them into currency, the country of course has special rules for this. No one is truly immune to this problem. They must obey what the government has made. We have to know that if someone opens a business like an exchange, of course they have to register their business license with the government. If they fulfill all the requirements and must comply with the rules in force in that country, otherwise they will be subject to sanctions.

4  Bitcoin / Bitcoin Discussion / Re: Did you start investing in bitcoin because of some celebrity ? on: Today at 03:36:28 PM
I see that current youth is inspired by celebrities and influencers in big way. Did you also start investing in bitcoin because of some celebrity ? Or you know people who belong to that category ? Is it a wise decision to do so or we should do our own research for better results ?

Investment shouldn't be done based on other peoples opinions or because it is what people seems to be doing or talking about, you must be self conviction enough to understand the prons and cons of such investment and tailor it down to your own level of preparedness as to that regards in order for you to make an informed decisions that will suits you along side achieving your goals and objectives.
This depends on how the influencer conveys something or educates the public. If we hear it makes sense, we should first study the impact of the investment itself, don't just think about the profits. If you are ready for everything then you can start. I myself happened to be introduced to cypto investment through a friend of mine. At first I was very doubtful about this investment, because I saw many people experiencing big losses in my country. As time went by, I myself understood the concept of investment itself.
5  Economy / Gambling discussion / Re: They put an end to online gambling: what do you think it's going to happen? on: Today at 02:50:01 PM
Government ending online gambling?
In my opinion it is much better, your government has provided education to the public that gambling is not good, it is impossible if the government ends gambling it will end people's lives. It is true that all countries have minimal job opportunities and the population is increasing, but people who do not have permanent jobs but they still live today, for example by looking for work that they can do on the internet, or for the lower middle class they work like scavenging or begging. You have capital of $200 and a gadget, with the capital you have you can open a small business and you can use gadgets or develop ideas to make money such as Affiliate Marketing. This job does not require capital, just your internet quota and gadget.

I think what you say is too much, it's not easy to win in gambling up to $100,000 in a day, the bookie won't give you a big win like you said, the bookie can't lose they all set up the system.


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12  Economy / Trading Discussion / Re: How can I get into trading on: May 10, 2024, 04:16:58 PM
Good day guys!
As someone who’s new to this space and wants to start trading, what are the steps I can take to start and how much of fund do I need to start?.
What wallet is best for me? Can I use meta trader?
Don't use that trading ways for you to start, here in cryptocurrency you can start by buying trusted coins like Bitcoin and ethereum. Good amount will be okay like $100 could be better, hold your asset at spot trading and you can sell it once good price is hit.
At first long term trading is a good steps in learning, rather than putting your money at the fiat bank.
Your steps or suggestions are quite good for beginners who are just starting to invest, it is true that what you convey is the best lesson for a beginner, you should choose spot, don't choose short-term trading, it will drain your finances. It's not easy to trade, at least you have knowledge, psychological metal, if we don't have it we will definitely lose a lot of money and of course the risk is much greater than spot.


13  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will always Survive on: May 10, 2024, 03:40:25 PM
for those who says that bitcoin will die or will be gone in time are those who wanted to have a big chance of buying more chunks of bitcoin when the market falls badly and this is their advantages.
bitcoin is here to stay though we do not know how much it will grow in the long years but at least in our lifetime it will stay like what we did in the past 14 years.
Totally agree with what you said, they continue to use issues that are not good for everyone to believe in. Bitcoin cannot possibly be lost and will survive forever, because the creator has released all his technology from the pursuit of international financial institutions or the world that does not like this asset.

Yes, if you look at history from the beginning, Bitcoin is no longer just an arbitrary asset, Bitcoin has been able to compete with other assets such as large stocks in the investment world. If you look at the development of world stock growth and bitcoin, I think bitcoin has increased much faster so far.
14  Economy / Trading Discussion / Re: Day trading or Long term on: May 10, 2024, 03:03:08 PM
I oppose to the general idea of this. Because Long term and Short Term trading just have the same of level of implied risk. You can both lose money. The only distinction between is the two is the time horizon of the trade. In long term trading or investing, it also will take you time to prove to you whether you are right or wrong. In day trading, the result is immediate.

That's why the type of trading or exposure you have in the market should be in line with traders personality. Regardless of how good he strategy is, if it does not resonate with the trader. It's more likely that they won't follow it.
It is true that long and short term trading both have risks in them and at different times. It's true that all of this takes time to prove. At least in the short term, the risk of losing money is much greater than in the long term. The most important thing in this case is that at least we don't make a mistake in choosing an asset. If we choose right, I think it will show in the future. In the world of trading, no matter how good your strategy is and the technical indicators you use, no one can guarantee that your strategy is perfect.


15  Economy / Economics / Re: Also consider your mental State of health while investing for wealths. on: May 10, 2024, 02:29:15 PM
Whatever you stated is all common sense op. However, most people invest without thinking about their mental health for even a second thanks to their desperation to earn more money as soon as possible.

The ones who wisely consider their mental health when making big financial decisions are part of the minority based on what I observed.
What you say is true, usually the people you say trade in the crypto market and only focus on making money quickly or instantly. At least we need to prepare ourselves in any case if we enter the world of investment, the world of investment is full of risks of making the wrong move in choosing assets, of course we will lose the money we have, we need to know that investment takes quite a long time to get the desired profit, and We must mentally prepare our psychological health if one day all our assets are lost.
16  Economy / Trading Discussion / Re: Before Trading Bitcoin you should... on: May 10, 2024, 08:40:13 AM
Before trading in Bitcoin you should first understand the market well, if you don't know about the market then you will face loss most of the time. Which will be the reason for the frustration of breathing later. Consult a mentor before trading and read various articles on Bitcoin trading.
Understanding the market is very important, but at least there are other factors, we also have to have knowledge about trading, yes what you say is true, if there is a mentor, we will learn much faster or gain knowledge from our friends about what indicators they have been doing so far. But you need to remember that there is no single indicator that is truly perfect for generating profits. It's best for beginners to buy and hold as long as possible, the risk of spot is not much more dangerous than trading. Yes, at least if we hold in spot the assets we own only have an impact on fluctuations in market prices.
17  Economy / Trading Discussion / Re: Why do many people fail in trade? on: May 09, 2024, 05:05:53 PM
Trading is not an easy job because you have to stay long in trading to begin to think very well, to know whether it is time to trade to accumulate profits from the market or time to hodl to avoid loss from the market by not trade at the moment than to exercise patience for the bull season to come before you can trade.

When you apply experience and psychology in your crypto trading, you will not find it difficult on what to do when others traders are panicking in the market because psychological, you know that the market price will still increase higher in the future before you can trade to make different profits.

Starting with small capital, it will give you the opportunity to learn a lot of things from trading and it will make you to become professional in trading with much experience.
Usually, a trader will of course wait for certain moments when the market is volatile or experiences an increase to enter trading in the market to make a profit. Yes, we have to stay there for a long time to determine which asset we choose. It's best when we trade, we don't have to use very large capital, starting with minimal capital will allow you to gain valuable experience in trading. Usually what makes them fail a lot is that when they already have a profit in trading they are too greedy to get much more profit there.


18  Economy / Trading Discussion / Re: Why are people getting scared to Trade on: May 09, 2024, 04:06:27 PM
As far as I know, many people are afraid of trading not because they don't believe in it, but they are afraid of taking risks and losing the money they have.
When we realize that trading is difficult, someone will hesitate to do it. This is different when we first get to know trading. We really want to take risks and believe that we will really profit from trading. However, the reality is that trading is difficult. Even when you do the analysis wrong, you can hold the asset in the long term, and may still lose money. I've had something like that happen several times. Yes, because of this experience, sometimes I am also afraid to trade.
Even though they already have knowledge in trading, it doesn't always make it easy for them to make a profit, sometimes they can still lose. No single indicator works perfectly. It's true what you said when someone first tries trading, they expect too much victory or big profits there. And in the end they realized that it was not easy to get a chance to win there and it made them lose a lot of their money. Only a few people take risks in this trading.
19  Economy / Economics / Re: Money is all wealth? on: May 09, 2024, 03:03:19 PM
That's probably because you haven't tried to live sustainably like growing your own garden where you can get all the stuff you need like food. If you actually know how to live in a farm, you can easily live out of the stuff that you maintain and grow there. Sure it might need money first but when things get going and you make it grow even more for yourself, you probably won't be able to rely too much on money anymore. So yes, in some way, money will never be all wealth, if you're talking emotionally, spiritually, there's more to things than just money to be called wealthy.
We live in a sophisticated and advanced era. Everything has changed, not that we lived in ancient times, as we know, they hunted to get food. The reason is that currently, if we want to buy something, we definitely need money. Indeed, life cannot be separated from money, Is it possible that if everything goes smoothly and our business grows, we won't need any more money? But in fact, everyone is looking for money, from the money they get they can make the wealth they earn and we can also help someone a little with the money we get.
20  Bitcoin / Bitcoin Discussion / Re: What is bitcoin for you? on: May 09, 2024, 02:29:09 PM
Bitcoin is a kind of digital currency it is decentralized no one controls the price and it is a good investment, bitcoin will surely become more popular in the future that even a young people will know about it and how to earn by just holding it, i believe that the price of bitcoin will become double in the future because many people will use it in the near future.
Before the creation of bitcoin, I think bitcoin was a form of resistance to this world's financial system. Everything is controlled by them, one of the most powerful families in this world. This technological innovation makes everyone aware that this asset is not just a digital currency but how to protect our wealth assets like money from the volatility of the current system such as inflation. Since its initial launch until now, of course there are definite benefits if we invest here.

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