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1  Economy / Trading Discussion / Re: Where do whales trade/withdraw money? on: Today at 06:33:06 AM
My questions are the following:
1. People who own hundreds and thousands of Bitcoins, where do they trade? It's risky to deposit such a high amount of coins on platforms like Binance and Coinbase because you aren't guaranteed that they won't block your account, even immediately after you deposit them. So where do they trade?

Some of them will be trading on the regular exchange that we use to trade too. I have seen a traders exchange account with $5million and more amounts. If they're companies they can have a meeting with the exchange owners to make them know they are the ones using the account to trade and they would not be banned. Regular users can also make that amount of deposit and be trading on the exchange after completing their KYC verification and other verification that the exchange will need to verify that they are proving a service to a genuine individual and not a criminal organisation. They also trade through OTC. They can contact the exchange and offer to sell their Bitcoin off the market so it does not affect the price of Bitcoin on the market because selling a large sum of Bitcoin will cause the price of Bitcoin to fall.
2  Economy / Trading Discussion / Re: Why do many people fail in trade? on: Today at 05:46:57 AM
Yes, you are right as much as I know nothing good comes easily You have to pay a lot of price Before you succeed, So you will take the risk and try your best to succeed on trading, you don’t need to accept deformation even when you have lost so much do be scared, you will definitely make it, trading is something I understand that you need to devote a lot of time

Trading success do not come easy, you need to scarified alot of things to have success. Trading needs time and dedication and it needs experience too, you'll fail when you try to trade without learning from the right source. If you just learn trading from a random source without verifying if the source is authentic, you will be taught rubbish without knowing. There are alot of pretenders that will claim to know how to trade and are teaching trading but they are not professional and only teaching you things they get from the internet. They can claim to be a trader when teaching it but can not make a profit from trading and if they teach you, you will also be like them. You will fail in trading when you did not take trading as a serious thing that you want to do, you have to be willing to have some sleepless nights learning how to become a good trader.
3  Economy / Trading Discussion / Re: Lack of capital or knowledge, which one is holding traders back from profits? on: Today at 05:32:51 AM
But higher the capital the chances of making profits is kind of easier, they no need to do multiple trades, all they need is to buy at low and sell at high even if their trade complete once in a while still it's going to bring decent profits.

What about those people that do not have a better knowledge of trading but have the capital only, having high capital will not make them a better trader. Having a high capital only becomes an additional advantage when you have good knowledge on trading because you can use that capital to make more money. For me I think what is holding traders back from making profits is the lack of knowledge and not the lack of capital, if you have the knowledge and you know how good you are as a trader, you can look for ways to raise capital to use in trading. After they start they can make money from trading but most cryptocurrency traders do not have the accurate knowledge and act on instinct, they are not making profit because they do no know how to monitor the market and be able to detect the next direction the market will be going.
4  Economy / Trading Discussion / Re: What ways can a trader raise money? on: May 04, 2024, 10:02:59 PM
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.

I do not think we should exclude this option because that is the best option as a beginner. You are still very new to trading therefore you can not be asking others to give you their money for you to be trading for them. What will you do  when you make a miscalculation and losses their money, how will you be able to pay back all those investors that gave you money to trade for them. If you also tell them you are a new trader, they will not give you money unless they are your friends or family that want to invest in you. My advice as a beginner too in trading is to get a job and save up money that we can start trading with and it would not be too small. If you have the knowledge as you will be telling others, it would not take you a long time to grow the small capital that you are using to start. As a beginner it is not wise to start trading with a big capital but a small and comfortable amount.
5  Economy / Trading Discussion / Lack of capital or knowledge, which one is holding traders back from profits? on: May 04, 2024, 09:49:51 PM
This question came to my FYP on X and I could relate because at a time in my life it was the lack of knowledge of not knowing how to trade that was holding me back from making profit until I started learning how to trade from my mentor and I can make some profits when I get my reading of the market right. I also had the challenge of getting capital that I can use for trading because I was depending on my trading profits until I got to know that trading needs a trader to have other jobs because you can not only depend on trading profits when you do not know how to trade excellently. Other traders are having difficulties in trading because they do not have the right information that they need to become good traders or because they lack the capitals.

What can you say about this two problems, how will you advice a trader that is suffering from any of this problems or how did you get out of the problem if you had suffered from having lack of capital or lack of knowledge. Which of this problem is more common among traders?.
6  Economy / Gambling discussion / Re: Sports betting for reality not club affection on: April 30, 2024, 07:35:09 PM
Most times we are caught in between placing our bets on our favourite teams to win and not there present form, this action according to analysis shows that it's one of the reasons some persons don't win a sport bet, no matter how hard they try, a team that's not in form or getting the results shouldn't be on your sports betting slip, because they might continue the poor run of form and hurt your ticket, a friend once adviced me never to put my favourite team on my ticket, unless they are in form, am a Manchester United fan but most times I bet against them as long as my ticket is concerned I don't have a favourite team.

It will be wrong to put your team on the winning side on your bets when they are not inform and they are playing against a team that is in form. Do not mix emotions with gambling or you will keep losing. I know some people that can never bet against their team, they feel that their team has a chance of winning any team that they play but that is not possible when the team is having a bad form. You can remove your team from the betting slip if you know you can not bet against your team to lose and will always be in support of them. Some fans are very loyal to their boyhood club but let us not be the reason why we are not winning when we are gambling because we intentionally make the wrong bets just to favour our clubs. You are the one losing when you bet in that way because the teams still get paid in spite of them losing the game but you are the one losing your money.
7  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: April 30, 2024, 07:27:06 PM
I know it is too early into the match but at the moment, Bayern Munic is outperforming Real Madrid with several attempts on goal unlike their opponent that rarely touch the ball. I am afraid that if this match continue this way, Real Madrid will not be able to contain Bayern Munic. It is interesting to know that it is even Sane that is giving Real Madrid the greatest headache when everyone was expecting Harry Kane to do that. Kane is obviously hidden, maybe they are marking him too tight. I love fast balls and tonight is just the perfect example of such.

The win probability is in favour of Bayern Munich but this is not going to be the first time we have seen sportbooks underate Real Madrid. Real Madrid have a team spirit because they play together and not separately. Bayern Munich would get tire after they try many times to score real madrid but they would not find success. As Bayern Munich begin to lose hope then will Real Madrid show then what they are capable of doing. Real Madrid are experienced champion league players and they know winning the competition is not by how fast you can play but by calculation and knowing how your opponents want to play and use their playing strategy against them. In the second half that is when you'll see the true strengths of real madrid. Let us not be too quick to judge that Bayern Munich will win because the game is just starting and no goals has been scored.
8  Economy / Trading Discussion / Re: What people some people don't know about trading on: April 29, 2024, 10:47:25 PM
On the time that you would really be able to experience trading for yourself or on the time that you would really be having that kind of
realization that those things above isnt something that could really be easily obtained. Due to unpredictability then you would really be freaking out
on the time that you've seeing that all of the things you have done isnt something that too easy for you to determine with those exact points.

So many People think trading is very easy because they thinks that since they are good at making predictions they can use that when trading and make profits. People are thinking trading is a quick way to make money but it is not a quick way to make money but a quick way to lose money. Many beginners are losing money because they did not followed guidance when trading, they think trading is like when you are gambling that you can just depend on your luck for you to make profits. Trading requirements are discipline and learning. If you do not take learning how to trade very serious you would not be able to learn the things that can help you when trading to make profits. Some people do not know that if you trade and make profits, you are also learning from your own experiences and making yourself to be very good at trading
9  Economy / Trading Discussion / Re: TRADERS are not UNEMPLOYED on: April 29, 2024, 10:33:42 PM
Traders do make money too but the question of "Until when?" will always pop out, especially in an unpredictable market. So yes, I would still consider getting a job for consistent money and then use the trading profits as my extra for other stuff that I need to spend.

You can not start from the top as a trader, when you start to trade you will need to have a reliable source of income because you can not always depend on trading as you do not have the experience and the money to help you become professional at trading. It is when you have traded for sometime that you can depend only on trading because you now know the market very well and you can make profits from the market. You would had also use the money that you have many from trading to start up a business that you can depend on when you make a mistake and do not make profits. Traders are unemployed but they are self employed because they do not work for anybody but they are working for their own selfs. Trading is an unpredictable market and depending only on trading as your job is risky. Before a beginner should start taking trading as their only income source, they should be very experienced first to avoid disappointment.
10  Economy / Trading Discussion / Re: Day trading or Long term on: April 29, 2024, 10:23:57 PM
Those two are obviously the same and can provide profit in all trading if the method or strategy to be used by an individual trader is correct, which depends on the knowledge that the traders have. Actually, they can be done at the same time while doing day trading and long-term trading.

I do not think doing both of them at the same time will be a good decision because you can confuse the two type of trading and you will not become a master of anyone. If you want to become a short term trader, you have to be trading in that way and if you want to master long term trading, you also have to be trading in that way. It is when you are trading and holding that you can do both and still master them because they are two different things that you are doing. Long term trading is similar to holding because you will be holding the coin for almost the same time that you would had been holding if you are investing and not trading. I feel it should not matter how will make profits as long we can make money from any of the ways of trading. Some people can make money from short term trading and for others it has to be long term trading for them to make profits.
11  Economy / Gambling discussion / Re: Can people still get the addictive nature through friendly games on: April 24, 2024, 05:06:02 AM
So am just curious to know if these little games are the one's that got to him or already developed such habit and to know if possible that the practice will continue elsewhere after leaving there when he lost the money and to look for means through gambling to recover it.

Yes people can get addicted to gambling through friendly game, people can get addicted to anything, I have seen people get addicted to drinking water. Addiction happens when you do not have control over your emotions for a particular thing and friendly games can still be considered gambling which we can get get addicted to. When someone loses from a friendly game and he goes home with a revengeful attitudes, he will later go back to gambling to try to win and when he loses he will become addicted and before you know, we'll be having a new gambling addicted person being developed. People do not just get born as a gambling addict, they develop the problem from different reasons and not wanting to be a loser can also be the reason. People that do not get it that you should accept defeat after you lose when gambling will end up being addicts to gambling and they can't stop it.
12  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: April 24, 2024, 04:49:41 AM
Arsenals brilliance was everything to me this evening as for me every moment of their brilliance was captivating and they were so confident that they even had times where they take the ball back only to push forward again all at once to the post of their opponent and i must say it was actually a very interesting game to watch and every moment for me was worth the while i gave to watching the game.

It was a boring game for me to watch, Chelsea were not their usual self when they face against big teams and it was because they did not have their star player available. If Cole Palmer was in this game he would had produced a brilliant moment that would had created a goal scoring opportunity for Chelsea but as he was not available, Chelsea were vulnerable and they could not produce and chances. Jackson missed some chances as he always does but the whole team spirit was not their last night. After this game, the Chelsea squad and fans will now know how important Cole Palmer is in the team, no other player could do what he does. Mauricio Pochettino did not use the right players for the game too because I would had started sterling instead of branching him or bringing him instantly into the game after the first half because there were no better chances been created.
13  Economy / Trading Discussion / Re: Trading campaigns helps level up trading for traders on: April 23, 2024, 04:20:42 AM
So, even if traders incur losses, the prospect of earning substantial rewards can motivate them to keep trading. These kinds of campaigns make trading more engaging by providing tangible incentives beyond just monetary profits or losses. With the right strategy, dedicated traders can aim to accumulate trading volumes and secure coveted prizes while also making profits

I do not see any problems with participating in trading competitions, they can serve as a motivation to make you improve on your trading strategy and become a more successful traders. They also have their bad sides but you are incharge of letting those bad effects to have an impact on you. You do not have to forget about the discipline you should have as a trader and ignore your trading strategy because there's a competition that you want to win. If you trade and lose, you do not have to continue trading when you know what is motivating you is a prize reward and not because you have reanalyzed your strategy and you saw some mistakes that made you to lose the trade. Trading competitions should only motivate you to becoming a very good trader that follows all the guidelines to prevent losses and not letting trading competition shift your attention to sometimes different.
14  Economy / Speculation / Re: Bitcoin way forward - Towards $100k or $50k on: April 23, 2024, 04:02:54 AM
Obviously when it comes to bitcoin no scenario can be discarded, but the chances of bitcoin going below 50k at the moment do not seem to be that high, after all the price of bitcoin still remains close to its ATH, meaning that investors as a whole still think that bitcoin is likely to challenge that ATH soon, which is why they are holding their coins and they are not willing to sell them, since in their minds it will be a mistake to sell bitcoin now, when they could do so for a much higher price during the next months.

The chances might be low but let that not convince you because the chances can change any time and it becomes high. There's no time that Bitcoin can not change from what people think would had happened to another thing. If Bitcoin does not show strength that it can challenge for the highest price it reach before the halving in a few weeks time, some investors will begin to lose patience and they will start selling. Many people still think Bitcoin can get to a new highest price very soon therefore they are holding but if it does not happen and we begin to see the market dumping others will follow and Bitcoin will fall to $50,000. Bitcoin going to $100,000 is possible an it also going down to $50,000 is possible too. Everybody that has invested wants Bitcoin to go to $100,000 but we should not be disappointed if it falls to $50,000. After the news of Bitcoin halving successfully, I think Bitcoin has to go down in price before we begin to see another pump in the market.
15  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: April 19, 2024, 09:40:17 PM
After I saw the good performance from Real Madrid against Manchester City in the previous game they had in the Champions League, I think Real Madrid had an epic performance and Ancelotti knows how to beat even stronger teams because beating Gadudiola was not easy at all. I think if Real Madrid has the good performance we saw from them against Manchester Cityagaginst other teams like Bayern Munich, they can easily beat Bayern Munich because compared to Manchester City, Bayern Munich is not a strong team, especially after losing the Bundesliga title to Leverkusen.

Pep Gadudiola always makes a mistake when he is playing an important match, he use to use his substitution to sabotage himself in big games. Real Madrid and Manchester city are good teams and they gave us an entertaining game. Penalty should not be use to judge who is a better team because penalties are game of luck. Good teams that do not have good penalty takers will lose against a bad team that have good penalty takers. Real Madrid had alot of experience with their penalty takers and they use that to defeat Manchester city. Pep Gadudiola substitution also caused it and he is to be blame somehow because why will he substitute some players that can be very good at taking penalty. He was not thinking about a penalty shootout but wanted to win the game in regular time and this made him to substitute good penalty takers out of the game.
16  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: April 19, 2024, 09:32:18 PM
It seems that the 3-1 score in Al-Nassr's favor will remain until the final minutes of the match and Al-Feiha must accept the fact that they are still unable to beat Al-Nassr away from home. Al-Nassr, who played without Ronaldo, was able to provide an impressive game and they also had no difficulty breaking into the opponent's goal.

It was not an impression game in the first half, Al-Feiha were 1 goal up and they had many opportunities to add to their lead but could not take their chance. They played very poor and this why many teams in the Saudi pro league do not have many wins against Al Nassr. Sadio mane didn't turn up until it was the second half. I was thinking Al Nassr will lose the game and their hope for the title will be lost because distance between them and the leaders of the table would had been extended but from no where Al Nassr came back into the game in the second half with 3 gaols and Sadio mane second goal was a beautiful goal that can only be scored by a top player. Al Nassr were able to win without Ronaldo playing but his absence was felt in the game as some of the chances that Al Nassr players were missing, he could have scored them if he was playing.
17  Economy / Trading Discussion / Re: Need help trading. on: April 19, 2024, 09:20:51 PM
Before trading you should know about trading if you don't know its basics you will lose money by trading. To know about the charts of the market. If you have no experience it is best to avoid trading during important news releases as there is a high probability that the market will be very volatile at that time. You should also consider learning about basic risk management techniques as they will help you avoid losses.

Bitcoin had a quick crash to $59,600 because of the news from the ongoing war but it had recovered and now trading at $64,150. Beginners that do not know how to confirm if a crash will continue going down or it will recover would had sold and those that did not buy would had missed the opportunity to make some profits. If you don't know how to analyze the market yet, do not start trading or you will always lose because the cryptocurrency market is very manipulated and highly volatile. Manipulation is what is making the price of Bitcoin to mostly stay unstable. There are times when there's no news either bad or good to affect the market but yet you will still see the price being volatile and that is when big whales are manipulating the market to make big gains. Therefore wait until you can be able to understand the market before starting to trade.
18  Economy / Trading Discussion / Re: The Illusion of Trading Success on: April 19, 2024, 09:12:11 PM
Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.

It is always important not to follow things you see on social media because social media is not real life, the signals being shared on social media might not be real but they are just shared as an evidence to sell their business which is to provide signal for other traders that do not have time to analyze the market. The signals they share might be fake ones and they do this so they can always prove that they got the signal right. At time the signals are outdated, they post it after it has already confirmed and you not knowing will copy the signal to use and then you will have a bad trade. As a beginner trader, always be the one analyzing the market yourself to make it more easier to know were you made a mistake when the trade does not go in the way you thought it will go to be able the learn lessons.
19  Economy / Trading Discussion / Re: Anxiety in trading (heart disease) on: April 19, 2024, 05:23:50 PM
Trading is like gambling, although it's more organized because a trader has to learn trading skills, unlike casinos and bets that're more of guess works, nevertheless, despite the knowledge of fundamental and technical analysis, they can still lose. So trading is work that you enter and you don't know the outcome, whether you're going to profit or lose your hard earned money. I believe that this takes out a lot from traders anything they want to enter the market, anxiety and worries can develop into high BP which can lead to other more serious heart related illnesses. Trading is hard and traders should use money that they can afford to loose, also they need another source of income.

Trading should not be compared to gambling because they are two different things. They both might look the same when you look at them from the surface but it you start trading like myself or you are gambling you will see the difference between the two. Anxiety in trading comes when you do not know what you are doing. If you know how to trade very well you should not be anxious because you know you are going to be successful with your trades, the only time that you'll miss your trade is when the market gets an unexpected news that changes the direction of the market from being bullish to bearish or from being bearish to bullish. In this type of situation, you do not have to blame anyone because it is not your fault and any trader would have missed that trade in spite of the experience they got.
20  Economy / Speculation / Re: Bitcoin pump|before halving on: April 19, 2024, 04:19:20 PM
I think it has been seen already on the move towards making such recovery since we have almost arrived at $64,000 with the way of appearance with the market currently, we can woke up tomorrow to see that it has actually turned something we never expect coming if it happens that the market rises, since we have already experienced more of these pumping before halving, more should still be expected coming after the halving to launch us more further to where we are aiming at.

$100,000 should be the next big target, when Bitcoin gets to that price people will begin to start panicking more because they will then be more certain that Bitcoin bull market is happening. Bitcoin dump a little before the halving therefore we should expect more dumping to happen after the halving but it would not last long as Bitcoin is still going to pump after the halving. Many investors still do not understand how Bitcoin halving happens and the impact it'll have on the price of Bitcoin. Bitcoin pumped before halving and it's also going to pump after halving therefore it would be wrong selling any Bitcoin you have right now. What we should be doing is buying more Bitcoin and storing them. Miners are going to be getting a pay reduction as miners reward gets halved, the price of Bitcoin has to increase to keep mining of Bitcoin still profitable for miners to continue mining.
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