If you enter a $100 trade and lose 15%, you’re down to $85.
If you make 15% profit on your next trade, now you have $97.75 where did the $2.25 dollars go ? in the fees ? No, that's just how math works. If you enter with 100 dollars and lose 50% then you will have 50 dollars, if you earn 50% more that will be 75 dollars. It means if you enter with 100 bucks and lose 50% of that, you need 100% profit to make that money back, 50 dollars' 100% is another 50 dollars, whereas 100 dollars' 50% is 50 dollars loss. That's how it is in every calculation, whatever you lose, you need to make it twice back in the percentage sense. It is still same money though, so if you enter with 100 dollars and lose 50 bucks, you need 50 bucks to recover it back, hence it is same thing in dollar worth, it is just different when you calculate it in % and that's it. Do it with any starting amount, 20 dollars, 10000 dollars whatever you want to test it, it is always the same, if you lose 50% you need 100% back, if you lose 20%, you need 40% back. |
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I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
The best advice would be to leave emotions out the door. There is no scenario where people could feel fear, happiness, joy, excitement, sadness and many other emotions and still be a great trader. I know you should feel amazingly happy when you turn 100 bucks into 10k right? That is a huge return and your hundred bucks is now ten thousand dollars so you should feel happy at the very least? Well that is wrong, you should not because your 10k could become 100 dollars as well if you invest it into some scam type project, which is why always be careful and always keep your emotions in check. Same goes for losing money, just because you lost money a bit right now doesn't mean that you will end up losing money constantly, you may end up recovering that loss and making a great return as well. Just focus on what you can do and do not feel emotions and worry about what you can't change. |
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In as much as student coin team did what they did to bounty hunters, I still very much believe in the project, don't get me wrong, I was also a participant in the student coin bounty campaign and student coin team's misconduct also affected me too just like everyone else, but I can't keep holding on the that which is already happened and gone, and I can't condemn a good project just because they were unfaithful to bounty hunters,, if that matter should be looked into critically, we did all see that the fault was from bounty detective team not keeping to the agreement they had with student coin team, and like the saying goes, that when two elephants fight, the grass suffers, this is the same thing that happened to us.
Why would you still believe in a project that basically stole your money? I mean you literally got affected by them not giving you what you deserve and you are telling me that you are still believing in them? It is like saying someone who stole money from your pocket and think they deserved your money, or you go work for a place and not get paid your salary and you still believe in that company to be big one day. Doesn't matter what they will do, it is the fact that they stole from you should get your blood boiling, why would you end up not hating them already? Student coin was a bad coin, is a bad coin and will be a bad coin and what they did to you should be the only thing you need to be convinced because there is nothing extra you need to actually understand why someone is once a scammer always a scammer, which the price is proving very quickly. |
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I am now neutral on whether the bull market is still in place.
If the market changes to a big bull market, does it mean that meme coin has better returns?
After all, there is only 1-3 times the room for BTC to increase. Memes coins such as Dogecoin, SHiba, Dogira, TadPoleTADP and other animail coins have even higher declines, and rebound gains will be dozens of times. maybe? What do you think?
It’s like a normal thing with every altcoins in the market, they are always having much increase when their prices goes up, and when it is time to fall, they all fall harder than bitcoin. That’s how it should be, and the market cap explains it all; Bitcoin’s market cap is like half of the whole cryptocurrency market’s cap put together. So, that makes it more stable than all of them. And since it is more stable than all of them, the increase or decrease will be much less than them all.And as for altcoins, since their market caps are way less than Bitcoin, their increase and decrease are always bigger. |
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I observe ethereum gas fee from previous 2 years . but I am confused because I not get the reason that why ethereum fee become high and high automatically and become low and low automatically without any reason and especially ethereum gas fee become too high in claiming of any ido token .
What the reason behind it what kind of mechanism behind it which control ethereum gas fee.
Plz share your taughts
Well, it’s like the normal thing that happens with every cryptocurrency. I believe you’re also investing in Bitcoin, because if you are, then you’re going to see the same thing happening with Bitcoin. There are times that the market will go high in price and you will notice that the fees for your transaction is high. And when the market goes down the fees will also go down. And sometimes it can also be because the Blockchain is congested , and it shows that at that moment a lot of people are ready to pay that much for their transaction to be confirmed. But with time it will still go down when the market is less congested. |
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Another problem is the lack of financial education which to me is incredibly suspicious, I am not trying to diminish other subjects however if there is one thing that we know people will have to use is money, and yet the education system does not teach you how to make the best use of it.
As such each person tries to do the best they can with the little knowledge they have and when we have so many ads on the media trying to make people to indebt themselves then they fall and begin a spiral from which they cannot escape, financial education should be mandatory and people should learn about interest rates, fiat money and other knowledge related to that, but since this goes against the interests of the governments and other powerful institutions this does not happen, which leads to a life of hardship in which most people have to work for the rest of their lives in a system not that much different from slavery.
This is quite correct and unfortunately nowhere in the world I know kids have it at a young age. We should have science, math, history, languages and many more like we do but we should have a class about economics as well, not in the sense that kids should be though about Adam smith or something like that, but if you can give kids an education from ages 10 to 15 about how to save money, or what to do to earn more money, or ways that rich people got rich, basically a bit of explanation about how the world economics work that would be great. I didn't study anything at all about finance when I studied, nobody thought me what inflation was, we learn it from life, and that is why we should learn more about it. Like inflation matters so much that if you buy a house right now with mortgage that you barely can pay right now, it will be super simple to pay it in 10 years, because when you pay 500 bucks per month now while earning 700 bucks would be very hard, but in 10 years you will be earning 2000 or more because of inflation and you can pay it very easily, why nobody is thought that? These are vital financial information that every kid should learn at an early age. |
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Well, it is kind of that. That’s why as a person you also have to do your own research, and learn about things yourself without having to rely on what you’re being taught in schools and the rest of them. And also as parents I think it up to the parents to help in educating their children the right way. It’s good to ask them and know what they are being taught in school and correct the things you feel should be corrected, immediately. That way you will be helping to shape them into becoming a better person.
No parents should be wishing for their children to be at the same level they are, you should wish your children a better level than where you are, so it’s important that you work towards helping them achieve that and have a better life in future.
As a person who is planning to have a kid soon, that is the scary part, the parents play a big role in a kid no matter how great education they get. You can give a kid the best education in the whole world, the best schools from 5 years old to 30 years old (with masters and doctorate if they want to) and yet if the parents are bad parents (you don't have to be a bad person to be a bad parent neither) then the kid will not grow up with full potential. Knowing that should make every parent very scared, my kid has this 100% potential that he/she can reach if I can unlock it for them but maybe I will do something wrong and will never let them be that great. This is not about poor or middle class or being super wealthy, you can be the richest person in the world and maybe you will not be able to still give your kid what they want, which is the big trouble. |
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I am one of the dudes that don't hate this guy even with all that drama that happened.
He is vocal, motivated, and pumped. He just wants to win in every possible way he can and his contributions made a big impact for the Clippers taking that 2 wins even without Kawhi. They might have lost the Conference Finals but he gave NBA players a big lesson that they cannot mess with him.
Imagine if players play the same way he did. It's like the 80's all over again and NBA won't be called soft anymore.
I don't know man, there is a good reason to hate him and also mock him at the same time and that is the fact that he is not as good of a player as he acts to be. Dude is not one of the best players in his team let alone in the league but when he is playing he is acting as if he is the best player ever. Don't get me wrong being pumped and hyped is a fine thing, I remember Celtics KG times and that dude was pumped and hyped at every second he played, he was just built like that, but when he was doing it that wasn't any dirty showboating type of deal, it was all about "come at me" type of thing and that is not what patbev is doing at all. In any case dude is already 30+ years old with not so much prospects to look for, I am sure he will be out of the league in under 5 seasons, so he is not really a cared point in the league. At least he didn't injure CP3 on the verge of Finals, that is a good relief, I want to see CP3 win a ring already! |
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Anything can still happen, although I also believe in Spain, Italy and England but basically I'm still considering the drama and surprises that might happen again in the quarter-finals.
I personally think Spain is not too strong and not too good and Switzerland could surprise again by eliminating the two big and favorite teams, that's possible I guess.
Regarding Belgium - Italy, I personally believe Italy have a better chance of winning, considering De Bruyne and Eden Hazard who are unlikely to play due to injury. That way, at least Belgium will rely on Lukaku in attack and I don't believe Belgium can win in such conditions against Italy.
But what's more interesting is the Czech - Denmark match, these two teams have equal surprises and chances to win and I really can't predict which one will win. But even so, I have to choose the winner and I prefer the Czechs.
For England, of course England will be the favourite. But here England will play in Rome which I think might be different, because in previous matches England played at home and it would be different when playing at a more neutral venue.
The only team that I can see not getting any upset at all is England, they are just way too good compared to Ukraine and they will definitely win that game. Aside from that the other two is just way too close to call. Not that Italy is bad, Italy is definitely good, if they were the ones playing against the Swiss or Ukraine or even Spain I would say that Italy would win, Italy actually did win against Switzerland as well, what I do not however feel sure is the Belgium game, Belgium is also another great team, they would also be capable of beating Ukraine and Switzerland and maybe even Spain, so Italy faced the toughest team after England they could face. Spain on the other hand is normally a great team, but haven't been that great in this tournament, if you gave me the rosters on paper I would say there is no way Spain would lose but now looking at it, I think there is a small chance due to how they played so far. |
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It doesn't even have a topic about risk management which is important to learn when you want to trade. Some traders I know only knows the basic fundamentals but they still do good in trading. To be a good trader for me is not just all about good in fundamentals or theories but also good in dealing with their own emotion too.
Learning about crypto trading must be a long process but out of hurry most people are missing out most important aspects of preparation of trading; risk management and emotion control are most important things in my opinion as well but people are giving priority only for technical and fundamental things and leaving off others to learn when they come into real market but I believe that cannot be a right approach for making one person to be a successful trader in this crypto environment. Newbie traders must take time to analyze what are the things they need to study before plan up for the learning process of trading. So that they will not miss any of important aspects. Covering everything alone will get sufficient knowledge about successful trading. |
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The key to successful Bitcoin Trading is to design it to be smooth enough to stay in, but fast enough to catch the turns - you don't want to be caught on the WRONG SIDE ....... be careful ! ! !
Being careful will be possible if you are good any your technical part of cryptocurrency trading. It means you need to be proactive while trading so that you may not miss out certain good levels which is key for easy profits when we opt for long term holding. My signals provided me buy signal by the times of 2015 January when bitcoin was trading below $200 and it did not give me any signal to book profits till today hence I am still into my old long positions
How lucky you are; still holding your positions from the price levels of $200? I read some people who mined bitcoins when it was trading below $500 levels are still holding them (I mean mining would be much better way to acquire bitcoins compared to buying). |
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The best way to cope in bear markets is to acquire knowledge and only invest in the super strong projects.
Yeah, this is the reason all long term bitcoiners are never bothering bear markets; I do see at least 90% of high rank people of this forum always emphasizing about investing only into bitcoin along with long term plans. If newbies do follow such recommendations then I guess that we do not need this kind of discussion at all. The good trader knows he always has a risk and sometimes that risk means taking a hit. Otherwise you become a holder, and then give up trading.
After bitcoin, I guess most traders have turned as investors rather than encountering those 'hit' time to time. "Only investing" must be a good way to deal with bear markets in my opinion as well. |
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It is not an issue of the code being better or worse, it is not even an issue of license being legit or not, hell at this point it is not even about using "busta" or not neither, none of these are the problem you are having right now. The problem is the fact that you are acting way too aggressively on this topic, there is no need for that and that is putting off people. An owner that is aggressive on its own casinos topic is never a good look.
I understand that you may not want that at all, but it is just happening anyway, so take a step back, take a breather and focus on what you can do instead of what others are saying, that way you are going to grow better. If you keep this argument thing going for a long period of time, you are going to end up with a horrible result and that is not why people start casinos, so just relax because the website itself is not bad at all, it can actually be something if you work on it.
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Mercedes is planning to add updates to its cars as it looks to regain its dominance in the Formula One world championship. So the current short term dominance by RedBull could be cut short.After Verstappen won the Styria Grand Prix, Hamiltondriver urged his team to make changes in the car in order to increase its speed.
Mercedes chief Toto Wolff said the focus is now on the 2022 car, but James Allison, director of the Mercedes technical office, made it clear that this did not preclude modifications to the current model.
The question for Mercedes now is that if they keep on fighting for this year's title, they could actually make that happen, but then next year's car will not be as good, whereas if they just let Red Bull win it this year, they will most definitely win it back next year for sure. It is just not an easy choice to make, it is really a difficult task and that is why I am not sure if they will actually do it or not. There is really no wrong answer here, it is racing and no matter what you do sometimes you just win because of luck, and sometimes you just lose because of being unlucky. Of course cars play a big role, of course you need a good car, there is no denying that, but when two cars are as close as Red Bull and Mercedes cars, and when racers are this close in talent as well, it becomes a very tough task to win it by purely spending more money on this year's car, that is not going to guarantee anything. |
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^ Keeping up with the freebitcoin spirit, I have to say the bonuses here are even more equal, or at least was before the fun token, everyone had a flat rate of rewards whereas now with fun token the more money you spend gives you a bit of advantage, which means at the end of the day all casinos are looking into getting more and more whales. However how many places have you seen giving THIS MUCH for free?
I mean this place literally gives chances of tens of thousands of dollars (with lottery) and chances of lambo for free (by just gambling so you may even win), give free rolex (with free spin) and free iphones and such (with reward points). Obviously it is definitely not simple we all know that, yet just because it is not simple doesn't mean that it is not there, there is no casino that I can think of that literally gives away their profit to gamblers.
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Lol it even came as a surprise to me. Even China has been on the news recently as they started trying to take down cryptocurrency mines. I just don’t get what’s wrong with all these governments and why they wouldn’t allow people to make use of cryptocurrency.
I do understand there are there bad sides of everything, maybe they should all be more focused on how to fix those issues that are seen in cryptocurrency. Those issues are the things that should be fixed. They shouldn’t just straight up ban cryptocurrency, that’s very bad for them to do.
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Physical art is valuable, but I can't say the same about digital art. Anyone can easily download the image hosted on a centralized server, without the need to purchase the NFT itself. People are spending millions of dollars into digital art, when it's publicly available on the Internet for free. It's a crazy world we're living these days. If it were me, I'd invest my money into NFTs with intrinsic value that will rise in demand over time. In-game items is where the money's at. You can buy virtual real estate, accessories for your avatar, or even weapons using a crypto of your choice. Such NFTs will be truly unique, giving them greater value over the long term. The number of games supporting NFTs are still limited these days, but things could change if the trend becomes more popular in the mainstream world. Imagine renowned gaming companies like Activision, Nintendo, Sega, EA, and even Ubisoft joining the NFT craze. It would boost crypto/Blockchain tech's mainstream adoption by a long shot. Nonetheless, time will tell us whenever the idea of NFTs will survive or fade away into oblivion. I hope this doesn't turn out like the ICO boom of 2017, where it all went down the drain after fierce regulations from mainstream governments. We need as much legitimate projects as possible to keep NFTs alive for the foreseeable future. Who knows how far the industry will go? Just my thoughts  I think digital art can be valuable as well, the problem is not about having value or not, it is about being 100x more valuable than most of the physical ones. The entry point on NFT is higher than the entry point of regular paintings. Right now I can go outside and get a great painting worth 100 bucks that would look amazing on my house, it is not famous person, it is nothing that would get interest, it is just very good looking. However someone sells some gifs on eth for 0.5 eth. I mean do you see the logic there? Sure physical art is still a lot more valuable when you go to top end, there are some paintings you cannot even imagine to value, some of them just do not have price tags, whereas even the most expensive NFT was 69 million dollars which is a lot, but not unheard of. So what we have is NFT at the bottom worths more than painting at the bottom plus painting at the top worths more than nft at the top. |
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Of course there are so many people who wants the price of Bitcoin to reach at least $100,000 before it goes for a correction. Lots of people really wants that happen, and there are even some people who have joined the market very late and they are looking forward to seeing that the price reached that $100,000 price. Then as for those who wants the correction to start taking place right now, I think some of them are those that rushed to sell their coins at the slightest increase and now they don’t seem to find any other opportunity that they can use to buy back into the market, because the price has kept going up.
It’s just like when the price got to $20,000 this year there were so many people who were selling because they thought that’s the right point to sell the coins because they never believed that we will get this far.
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It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.
Who knows about that? If you think now is the right time to buy bitcoin, go ahead and try to do that, but I hope you can prepare your money for another downtrend because no one will know about that. This moment will not be easy to analyze or predict as we see the price is up and down like a rollercoaster, so without having preparation about the market situations, we can not get a low price to buy. Well, how can we know if it is downtrend? I mean obviously we do not know if it is going to go up neither but we do not know if it will go down too, so basically there is really nothing we could do by that logic, if we do not know what is going to happen and if we do not know what is going to happen then how could we invest into anything? Because, if we do not know if it will go down or go up then how could we invest to only things we only know about? Nobody knows what is going to happen but invest anyway, that is the case and this is one of those cases. I invest because I believe it will go up, and I do not care if it goes down neither because I want to invest more and more right now as well, I do not care about this bull neither, I do not care about the next one or the one after that, I want to be here for 10+ years and if I can do that, it means I could actually end up profiting a lot, so the drops today doesn't scare me. |
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