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1  Economy / Gambling discussion / Re: gambling for newbies on: December 10, 2023, 07:20:45 AM
That's what happens, so they tend to choose gambling games that are easier to play and without needing to learn many things. Sports betting is more challenging than they imagine because they have to learn how to analyze the data they find so they can know which team has an advantage over other teams. They also need to see the journey of each team so they can see whether the team is worthy of being their choice. They still have a lot to learn to be able to choose the right team, so it makes it difficult for them, and they end up choosing luck-based betting or other gambling games.

Yes, novice gamblers will choose which gambling games they want to play and they don't need to choose sports betting if they can't or don't have the ability to analyze the matches. And another thing they need to pay attention to is managing funds for placing bets. And they should not place bets with big money to avoid big losses. They can use small money to bet so that they can enjoy gambling properly and also will not experience big losses.

The gambling needs skill,no one agree to the gambling without learning of the game.Both the casino and sports betting was challenging in the gambling to the newbie,only to the experienced gamblers.The gambling casino may be the easier to sports bet,the fresher should choose of the casino as their initial game.So the gamblers can earn money from the gambling site,the sports betting need to have sports knowledge to use of the sports betting.If you have sports knowledge,the recommended one is sports bet then the casino.
2  Economy / Services / Re: Stake.com Signature Campaign l Sr Members Only! on: December 10, 2023, 07:11:41 AM
Bitcointalk Username: Biznesmen
Profile Link: https://bitcointalk.org/index.php?action=profile;u=397094;
Post Count: 585
Forum Rank: Sr. Member
Are you able to wear our Signature, Avatar & Personal Text? : Yes
Stake Username: Bznesmen
3  Bitcoin / Bitcoin Discussion / Re: How high can the transaction fees become? on: November 18, 2023, 03:32:21 AM
Have there been made any calculations how high the transaction fees for bitcoin main network could get in the future?

I currently have my BTC stored on a MultiSig cold wallet, which can't be connected to a lightning node. Do you think it's a better idea to move them to a lightning wallet like on electrum for example before the transaction fees get too high? I want to avoid paying a big amount just for one transaction in the main network

The thing is you should have to be kept the fee at an average level. Otherwise people who are making smaller transactions are struggle with high transaction fees. It shouldn't be a regressive fee( like regressive tax, the tax rate decreases as the taxable income or wealth of individual or entities increases) but it should be progressive (progressive tax, the tax rate increases as the taxable income or wealth of individuals or entities increases). Progressive fee or taxes can be used as a tool for income redistribution providing social welfare programs, and reducing wealth concentration. They may promote greater social equity by shifting resources to support lower income individuals.
4  Bitcoin / Bitcoin Discussion / Re: What is the minimum amount of bitcoin or satoshi should hold for poor? on: November 18, 2023, 02:00:34 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?


What's the amount you're having, and what's the purpose of holding it? It's totally up to you because we don't know what you're thinking or what situation you're in. So it's better for you to decide for yourself than to ask someone else's opinion. But if you're asking because you want to know about others opinions, then hold it as much as you can because Bitcoin is an asset now, according to this market analysis and on-going trend. But I can't 100 percent agree with that because I don't know how long this will continue. The major point is that the volatility of this market makes it a high-risk investment while still generating a high profit.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your Favorite Altcoin and Why? on: November 12, 2023, 01:34:23 PM
There are 1000's of Alternative Crypto-Currencies out there, but which one do you actually use?

Post your favorite Altcoin below and tell us why you think so.


I am just going with Ethereum, I guess, because we know Ethereum is the most stable altcoin among others. And the profit it gave was greater than any other coin. Because in the future, Ethereum will have more scope than Bitcoin. I know some traders and my friends who are holding more Ethereum than Bitcoin. The major reason for considering Ethereum is because of the advanced version of block chain technology compared to the Bitcoin block chain. The transaction time is shorter, more user-friendly, and there are more transactions at the same time as compared to the Bitcoin block chain. Maybe in the future, invent a better technology than now to resolve the current default.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Could stable coins save a deprecating economy on: November 12, 2023, 01:12:27 PM
Introducing stablecoins as a major currency in countries experiencing economic instability is an interesting idea that has both potential benefits and challenges. I don't really know if this would be a good idea but I think this could help many countries that are facing a real currency depreciation.
This are some of the benefits I think I could bring

Stability: Stablecoins are designed to be less volatile than traditional cryptocurrencies like Bitcoin or Ethereum. This stability could provide a more reliable medium of exchange and store of value, especially in economies with rapidly depreciating currencies.

Inflation Control: Stablecoins are typically pegged to a stable asset like a fiat currency or commodity, which could help countries better control inflation and manage their monetary policy especially in African countries.

Financial Inclusion: Stablecoins could increase financial inclusion by providing access to digital financial services for individuals who are unbanked or underbanked.

Reduced Transaction Costs: Digital transactions using stablecoins can potentially be more efficient and cost-effective compared to traditional payment systems, especially for cross-border transactions.

Please share your insights on this topic.

Economic depreciation has nothing to do with currency at all, because economic depreciation means the wear and tear of an asset beyond its expected capacity or utility. So it's related to the assets of an economy, not the currency. And the causes of the depreciation are wear and tear on an asset, perishability, economic advancement, expiration of dates, etc.Even if you meant depreciation of currency, stable coins are not changing their value; they carry the same value as the fiat currency. Then how can you expect stable coins to save you from the depreciation of currency?So the depreciation of currency and the economy is a natural economic phenomenon, but when it crosses the line, the government and other parties are taking care of it.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Bitcoin's Price Surges and Drops Unexpectedly on: November 12, 2023, 11:43:29 AM
The price of Bitcoin went up from $28,000 to $30,000 and then back down within minutes, all because of unproven rumors about the approval of a Bitcoin investment fund.



On Monday, something interesting happened with Bitcoin. Its price went up from less than $28,000 to $30,000 in just a few minutes. The reason? Well, there were rumors on social media that the US Securities and Exchange Commission (SEC) had given the green light to BlackRock, a big company that handles investments, to create something called the iShares spot Bitcoin Exchange Traded Fund (ETF).

At first, a popular Twitter account called Cointelegraph posted this news but later deleted it. They then posted it again but added the word "reportedly" before also deleting that post. This made people doubt if the news was true or not, and they wanted to know where this information came from.

Continue reading...
https://www.cryptocrit.xyz/2023/10/why-bitcoins-price-surges-and-drops.html

We now know whether it's fake or real news, and people are panicking about the crypto market. Because even though we believe in Bitcoin and other stable coins, there is still something burning deep inside when hearing this kind of news. It's mainly because the acceptance of the technology and the decentralization method really takes time. Plus, the governments have had very mixed reactions over time; now it's getting better, but still they are not coming up with any hope. Almost every day, we will monitor the market, even if it's a long-term investment. All these make sense given the sudden volatility of the price of bitcoin within a few minutes.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon Musk accidentally created a new cryptocurrency. WTF? on: November 12, 2023, 08:35:54 AM
Musk or any other business people who put their money on the market, then it's a huge hype for that coin. Because people believe that when they invest in that, it will make that coin more valuable in the future by being used in their own business or something. So it's a secure way to follow those people. But I don't know if it's always a good strategy here as well, because in the stock market, there's some reason for collaboration with another company or something. But here it's completely different; they are just hyping this, and we can't really get their intention behind that. And we witnessed that this temporary hype only benefits at that time and not for too long.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance is Becomming a Monopoly on: November 12, 2023, 07:31:48 AM
Let me clarify that monopoly means there is only one firm that dictates the price and supply levels of goods and services, and that firm has total market control. Here, firms are the price-makers because they control the prices of goods and services. And in a competitive market, prices are dictated by supply and demand.Here, I don't believe Binance will control the crypto price, but they will benefit from the transaction charges, of course. And moreover, if the market has more than one firm that has real potential, then only all of them will survive in this competitive market. But when it loses trust, then definitely people are not thinking about the market monopoly but the money they put in, even if it leads to a monopoly.
10  Economy / Trading Discussion / Re: My experience as a beginner trader on: November 12, 2023, 07:03:07 AM
There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin

Confused, fearful, FOMO, freaked out, disappointment, unsatisfaction, losses, etc.—let's put it in a simple word: total disaster. I know most people started with these kinds of mixed feelings, but it will clear the path in the future. Early trading is not even easier either. Scammers have been the major headache from the beginning until now. There is no doubt that beginners will fall for their trick easily without even thinking. And telling the truth honestly, the major reason why many people entered the crypto market was due to scammers. I don't know how much you earned or sacrificed in your beginning journey, but here you are, so remember those days with pride and keep going.
11  Economy / Trading Discussion / Re: Are you any of pump groups or Channel ? on: November 12, 2023, 06:06:04 AM
Im on with notourious powerpump team yesterday they pumped yfi i made nice profit with them.
Tell me your experince about pump ? My experinces are good to be honest most of money i Made with pump.
I remember when ETC pumped i Made from 10$ to 500$ in few hours i don't Understood why people don't like pumps it's really great i have made real money from pumps.

Today poweroump team will pump LTC let's see how high they send it


Pump and dumb schemes on traditional financial platforms are illegal, but yet many crypto currencies are unregulated, and dump and pump schemes are operating in gray areas. So honestly, I am not a fan of these trading techniques. And I advise you that there are no shortcuts, and don't believe something too good to be true; that's the lesson. Entering the pump and dumb scene is not trading; it's gambling. But some people think the opposite: if you spot a pump and get dumb very early, you can invest, ride the pump for a couple of profits, and leave before the "developers" sell their shares. So spot it early and avoid financial risks.
12  Economy / Trading Discussion / Re: Do you believe Technical Analysis? on: November 11, 2023, 09:31:02 PM
Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.

We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.

I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

Why do we study history to learn what our ancestors were doing and what mistakes and good things they did? Then learn it, trying not to repeat the mistake they made, and improve our present. Because we know history repeats itself, we should be aware of our past to avoid repeating the same mistakes. The same goes for traders. When we analyze the market, we can be aware of past incidents. When it feels like repeating, we can avoid the mistake and the losses as well. So in my opinion, studying the market through charts is important, as is technological analysis as well. The trend of the market is repeating from the past, and over the years we have witnessed It shows the psychology of investors, and it reflects that nowadays too.
13  Economy / Trading Discussion / Re: Stop Trading on: November 11, 2023, 12:44:13 PM


6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.


I think this is some of the best advice that someone has given me. The major reason most people are willing to invest in or take risks in the crypto market is because they have financial pressure. The financial problems make them blind and definitely lead them to make stupid decisions. Especially because they are urged to take a step without even being aware of the real situations happening around them. People in that position are willing to take any risk to get rid of their problems, but that risk has cost them a lot.And the series of successes is the energy or fuel they get to go on. We can't say to give up after success, but be more cautious about your next move.
14  Economy / Trading Discussion / Re: Which is more profitable trading ETH/USD or ETH/BTC on: November 11, 2023, 11:54:05 AM
Can you give me insight, do you think trading via ETH/BTC is more profitable than ETH/USD? Please give me an advice.

From this advice, you know that whatever pair you choose, it completely depends on your goals, your needs, and your wants. But I am going to say that it completely depends on the strategy that you're holding and going to use in this market. Strategy plays a very important role here in choosing which pair suits you best. Because some people play safely with stable coins and take long-term profits. But there are other people who are willing to take risks and give it a shot at short-term trading with sudden profits. But here, both options are almost good coins to me, so you can choose according to which option can give you the most profit and based on your strategy.
15  Economy / Trading Discussion / Re: Trade only Bitcoin on: November 11, 2023, 11:25:43 AM
Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?


This is the most foolish advice I have ever heard. Just imagine a situation where all trading people obey your advice and only trade with Bitcoin. Do you really think it's a good idea that the market will remain stable and your so-called "market structure" will remain perfect? You should be responsible for explaining the market structure that is disturbed by alt coins. And how can trading Bitcoin only bring that market structure to the crypto market? I'm not saying that you can't trade only Bitcoin, but alt coins are really an opportunity market, and people are exploring that. Nowadays, technology and digital marketing changes are evolving through alt coins, and it's a developing technology, so we can't discourage innovations that are capable of changing the world market.
16  Economy / Trading Discussion / Re: Importance of emotion while trading on: November 11, 2023, 11:00:58 AM
There are many people who trade on BitcoinTalk forums. Those who trade must control their emotions. If not, you will have a huge loss in trading. Why emotion is needed while trading is as follows:

1. Profitability: Profitability in the crypto market is very dynamic and variable. Traders' emotions create interest and excitement about their profits.

2. Volatility: The crypto market is volatile, i.e. prices can change rapidly. Having emotion with this position can help traders as it is important to make timely diagnosis.

Here are some ways to control these emotions:

1. Don't expect much profit. For example: You think that you will become rich by investing in a coin.
2. After you have invested in a coin, you find that for some reason it has gone down in the market. At this time, without being emotional, you first look at the condition of the token, what condition it is in, and then take a decision with a cool head.
3. Avoid revisiting a coin after investing. You place a sell order with a specific target.
4. Trade according to market conditions. Don't immediately invest in someone's words.
5. Stay calm and try to control temporary emotions.

I know all this advice is important, and emotion is a villain in every single situation. Impulsive and immature emotions cost you a lot of money. That's because even though the market is driven by people's emotions, the real strategic traders play well in their situations, and they make a huge profit from that. Trade from your safe zone until you can handle your emotions very well; after that, you can lead the play. There is one thread on this site that says to "pause the moment" when you get confused, emotional, or whenever you need to just pause. It's great advice I saw because pausing is a solution that someone who is overwhelmed with emotions needs.
17  Economy / Economics / Re: Being rich = not looking at price tag on: November 11, 2023, 08:26:01 AM
I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.

Being rich is not equal to looking at the price tag but changing their lifestyle. People who are rich have been able to get what they want, but to maintain their lives at the same level, they have to spend more than normal people because they have to cope with their jobs, community circles, and everything else. Let me explain with one example: a friend of mine worked for a local company near his hometown, and after two years, he got a job in town at a high-tech company. Suddenly, he changed his appearance, dressing, and everything. It doesn't mean that he wants to show off, but he tries to adapt to his new city life. So the price tag is always an issue at a certain level for them as well, but they don't have a choice.
18  Economy / Economics / Re: Getting an MBA before starting a company or directly starting a company? on: November 11, 2023, 01:43:44 AM
Getting an MBA is beneficial because it sets you apart from the rest of the pack. One of the advantages of an MBA is that it forces you to read and learn, which helps you expand your knowledge about any business you want to venture into. I strongly believe that one of the reasons why start-ups fail is because they lack a solid foundation in understanding frameworks and conducting their own research, instead of relying solely on purchased data. While it is true that not everyone may be able to afford an MBA program, the truth is that there is so much to learn from it. If you had the opportunity to pursue an MBA before starting a company or directly starting a company, which option would you choose?

- https://producthq.org/career/product-manager/how-to-decide-if-you-need-an-mba-as-a-product-manager/

Many of my friends are MBA graduates; they told me when we had a discussion that an MBA is just a certificate that allows you to get a job in a company, and it's not necessary for starting a business. Because even they are starting to learn the tactics from the small food truck on the roadside, stall, etc. Because their idea is a business too, not only branded high-tech companies Business is something you should learn from outside of your degree and from your experience. The degree is for building confidence and knowing some corporate laws. Maybe that's something you can learn from anywhere, so you don't have to spend years on it. That's why getting an MBA before starting a business is not important because every MBA person is not a businessman, and every successful business magnet is not an MBA graduate.
19  Economy / Economics / Re: How to spend money determines whether you can avoid unnecessary problems on: November 11, 2023, 12:03:36 AM

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

I don't believe that having a coffee every morning going on a date with a girl, drinking in a bar and so on are unnecessary actions done to waste money. But it's a part of stress release, enjoyment, etc. Why should we earn money if we can't spend it? You can't judge their life by spending their own money. Spending money is not a bad idea, but spending lavishly is. When we have control over our spending and are aware of where we are spending, then it's controlled spending. Spending on luxury items, great food, and enjoying things is not unnecessary in life. It's part of our lifestyles, and one's necessary is another's unnecessary, so simply put, it's not our business what they are spending on.
20  Economy / Economics / Re: Marketing Strategies in the Digital Age on: November 10, 2023, 04:05:17 PM
Social media is the new revolution in digital marketing. Even a normal person can influence marketing because social media platforms like YouTube, Instagram, etc. give them power or influence over the marketing process. They are called influencers; they influence their followers not only by what they're doing but also by what they are advertising. It's mostly benefited by small companies, new ventures, etc. Because they can advertise their products at a lower cost, they reach millions of targeted people. Because they can select the influencer based on the product they are selling, both companies and the targeted audience benefit from this, and it creates good employment opportunities.
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