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April 30, 2024, 03:14:22 PM *
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1  Economy / Trading Discussion / Re: Does trading belongs to everyone? on: Today at 11:19:55 AM
We need to learn the skill for us to make money from trading. We can make from trading if we actually leant the skill and we gained a good strategy that would help us in the market to make money from trading cryptocurrency.

There is no guarantee that we are going to make money from trading that is why we keep seeing peopleosing money because the skill is never certain.
That is why trading is not for everyone. Even if you search online, it is one of the hardest job in the world. Because it requires you to be a better person. Not only financially but more of the decision making. You cannot fake success on this game. Here, the only certainty is that you are going to lose money. And with the reward? It depends of what the market could give. You cannot force it. You must have develop patience, self control, and process oriented mindset. And many people aren't willing to put in the work in it. That's why 95% of trader loses money.
It is not really hardest job in the world, a neuro surgeon who opens up peoples cranium and operate on their brain and close it back up to give them decades more life, does have a lot harder job for example. That's just one job, to be fair I also believe that Teachers have a lot more responsibility as well, you are not just trading for your future, you are teaching to dozens of kids who would become a nations future and the better teacher you are then the better those kids will become but to be fair teachers are underpaid like crazy so most teachers don't give a damn anymore.

So all in all, trading is easy, all you got do is learn and study it which will become something that will be a lot more profitable. If you actually learn it then you are going to be a lot better, just keep studying.
2  Economy / Trading Discussion / Re: The Illusion of Trading Success on: Today at 10:04:32 AM
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.
Successful traders are careful about whom to tell and share their stories with, and they seldom show up in public saying they are good traders as they prefer to remain anonymous despite their great achievements. And yes, those illusionists and fake traders have big mouths talking here and there, yet they achieve nothing aside from popularity. That is why I don't admire people who keep proud of themselves because I know that trading is not an easy game but these influencers saying the opposite about it.
Some people say that not all the things and success stories we hear on social media are true, most of them are scripted.
That is 100% true and all those people who go "trade like me and get rich" are people who won't get you make a lot of money. I knew a guy who turned 8k into 3.2 million dollars and he never shared anything about any of his deals, he never told us to buy anything or sell anything, he never even gave us responses when we asked him if one thing is good or another thing is good.

I believe that we could probably consider the situation getting out of hand if we let these people go about, so we should probably consider putting some law on the people who suggest what others do with their money. If you suggest someone to buy something, then you should be held responsible, it shouldn't be free to do that, you are not a wall street bank, you should probably consider that as illegal.
3  Economy / Trading Discussion / Re: A trader lost over $1 Million + on Binance Future trading on: Today at 09:12:33 AM
No people will be fine in that situation and for sure that he regret all the decision he made since $1 million dollar is not a small amount. This is hard to earn when you trade so for sure that the person who's affected with this lose is devastated with what he's bad trades experience. So its really better for a lot of aspiring trader to learn a lesson from this huge losses encountered by some people so that they would be more careful in their future trades.

Also they should not select those tokens who consist a lot of risk and much better for them to deal with those top coins or altcoins in the market so that we will not easily got affected by fast changes happen in the market, especially on futures trading where everything is fast so we should be careful on the coins or tokens we choose to trade.
It's true that looking at the top coins is a better way to approach trading. There are a lot of people who make a lot of mistakes and that usually ends up with them making a loss, I believe that it's much better if you could just end up with a good return and in order to do that you have to be careful.

I believe that we could make some money if we know what we are doing, and in order to get better we should be considering the possibility of making money as something we could do with proper coins. If we look into coins and tokens that are only hyped and not have any fundamental benefit, then we are going to be pretty much upset about what we have. Usually people lose too much money just because they invest into silly stuff.
4  Economy / Trading Discussion / Re: Trading campaigns helps level up trading for traders on: Today at 08:44:41 AM
well to be honest trader will still try to see whether the benefit outweight the loss they might have when trading for event like these fairly speaking exchange like bybit and so on always incentivizes trades on certain coin just for the sake of pumping its volume and will give rewards the token itself for free for whoever traded with the pair that is being sponsored, I think that also the reason why many exchange when having new listing always have the trading volume shoot up high reaching billions since the system of the rewards itself is first come first serve.
so its definitely not a new thing, but i personally always find events that requires trader to make as much trading volume as they can always problematic, there are so many money that gonna be risked just to reach certain degree of trading volume where the loss may outweight the rewards, if its an event where there's just this one mandatory trading where value is equal to $100 or more its gonna be completely fine and yes it does motivate trader to certain degree.
I do agree that when you are trying to do your best, a trader will see the problems before they see the benefits of it. Well, simply because seeing what could benefit and profit them is easy, you could go find some terrible token, and say "if this goes 100x then I am rich" and then you could invest, that is not the point, everyone can do that. They end up looking into what could go wrong, that is a lot better because it would mean that you will see all the things that could go wrong.

This means that you get to eliminate all the bad possibilities, and find only the good trades that could do well. This allows people to make much better judgement and allows them to do greater on the long run as well, benefiting them a lot.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Bull rush Memories from the last pump on: April 29, 2024, 06:14:32 PM
Whenever I encounter an event with the potential to enhance my liquidity, it triggers memories of the previous bull run. During that time, my friends and I eagerly participated in such events to boost our trading resources.

We succeeded to accumulate a significant amount of USDT from the incentives offered. In search of more platforms/avenues to earn..Thats why I'm here.. This is a space to learn and share ideas. So I'm open to your notable experiences and suggestions
I do believe that we can't really expect the very same thing, we have to really consider the situation to be sensitive and quite troublesome. That's why it's quite important to make sure that we can't really make that kind of profit, or maybe we will make more profit and we do not know that. I think it's quite important to realize that while some things are nice, we can't really consider the same things all the same.

We have to just accept the fact that momentum and movement could end up being different and this is why we should consider changes. I think we need to just respect the fact that things are not that easy and sometimes we have to just see that last pump and this pump may not be exactly the same. I do agree that it will grow but not the same way.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Between new tokens and old tokens, which would you invest into? on: April 29, 2024, 04:04:04 PM
I like the way you rephrase the question. Well I don't know if the owner of this thread is indirectly asking for suggestions or advice but whatever maybe the case I think it doesn't matter whether someone choose to invest in old tokens or new tokens, people invest base on the analysis been carried out, what am saying in essence is that no one is better than the other reason because after your analysis if you see that last your token will do better you will go for it and vice versa.
I do agree with it as well, it's quite the issue that we should probably realize that it is not going to be easy to pick old or new that type of thing. We should consider the fact that we are not going to make a big deal out of it, we should just pick whatever is the best and better one. I believe that we are going to get a lot better.

There are situations we should consider the situation as profitable if we pick the good one, and that means it doesn't matter what it is. New or old is not the only thing people look at, there are many ways to niche any crypto you want, and people could definitely cause a lot of trouble if we keep it changing all the time that would be problem, we can't really consider it constantly put them in categories. Just accept that good are good, and bad are bad.
7  Economy / Economics / Re: The collapse of central banks...Inevitable? on: April 29, 2024, 03:33:23 PM
The governments and it's paramount authorities can't afford to to overrule such order of watching the fiats which is under their control to crash while bitcoin that's non custodial and decentralized will be embraced by the same authoritative governments.
I don't even see that possible to happen. Even in the white paper of bitcoin, Satoshi Nakamoto clearly stated it that bitcoin will serve as alternative source for payments in a meantime in place of the fiats.
I don't even think if bitcoin would be so valuable as much as it's if finally the Fiats are eliminated from th central bank. What I know is that bitcoin has gained the values due to the challenges in a competitive economical developments such as the fiats and the AltCoins so, if there's no encounter on bitcoin as much as it's now, those valuable potentials of bitcoin will drop to incomparable and unreasonable.
Looking at Japan for example right now and how the Yen is crashing, we could say that no matter how bad it gets they will keep doing what they are doing and they will not change their view on this. I am not saying that it is going to be something crazy, obviously they won't take bitcoin or even their own coins and go with that, look at PetroDollar test that was done and you will see that it is not working that way and there is no way to get better or richer.

We just need to realize that we are going to end up with a problem if we just let central banks go berzerk and in most cases they do. Which is why I believe that we are not going to end up with anything better or good, we just need to make sure that we are going to end up with central banks doing whatever they want.
8  Economy / Economics / Re: How safe is it to keep your money and gold underground? on: April 29, 2024, 07:19:22 AM
That's old school strategy, this is how your grandmother's paper money after she put in underground for a decade or more. It's really risky to hold paper money by yourself, either your money eaten by termites or someone might steal it.

I'd hold Bitcoin for long term, there will be no drama about eaten by termites and the gains is higher than any other assets.


https://www.theguardian.com/world/video/2013/jun/11/china-woman-42000-savings-eaten-termites-video
Honestly why would she save like that though? Makes no sense, why did she think that people put their money into safe? For just security purposes? Or why people put their money into banks if they do not want to hold it themselves? Money is literally just a piece of paper, money itself, like as in that paper, worths absolutely nothing at all and keeping that safe is just keeping some paper safe, it's literally same idea as getting some A4 blank page and storing it somewhere safe, makes no sense.

I think crypto is far far better than fiat there is nothing wrong with that and I agree that we are not going to end up with fiat ever recovering and we are going to end up with fiat eventually getting worse and worse and worse, but that doesn't mean that we can do it very well without an issue.
9  Economy / Economics / Re: Harmful effect of robot to the world. on: April 29, 2024, 06:24:33 AM
The use of robot in the world is really affecting the economy and also causing unemployment.
If you build a company and you are making 1 million dollars as profit every month and then spends 6000 thousand dollars to pay your works and then you are given the opportunity to buy robots for 1 million dollars that will do the jobs your works are doing without it having faults for 10 years won't you go for it there by sacking your workers.
In the next 10 years there will be high rate of unemployment in the world because job's that should be done by humans are now given to robots and by so doing it will also affect the economy of the world.
I think this will going to happen but not this time maybe in the future and this will give a negative and positive effect to humans, positive effects is that we can do works in a very easy way to the helps of the robots, the negative effect is the the people will become lazy because there are machines or robots that do the work for them, it will cause a big impact to the economy it will surely become imbalance,unemployment will rise but not so worst because robot will still needs programmer's,mechatronics, etc., in order for them to work smoothly.
People becoming lazy is an "issue" if it causes anything else, if all things are done perfectly and we are allowed to be lazy and things run smoothly then we will not have a problem. Believe me, the hunger and the greediness of many people in the world will still be available and they will do whatever they can do to make sure that they end up with something more than others, but if this robotics world could end up giving us UBI and we end up just relaxing at home then there is no trouble for being lazy in that situation.

Do imagine a world where you are allowed to just sleep at home, wake up, breakfast, some tv, some more nap, some dinner, some tv and go back to sleep and you do not have financial trouble. To be fair, I would be fine with such a world without a doubt.
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: altcoin season on: April 28, 2024, 05:04:32 PM
It is difficult to predict the maximum peak that Bitcoin will reach despite all the historical data, let alone trying to predict altcoin without historical data and low market capacity. What is the evidence that confirms that the token is like $TAO Target: 20x minimum, and why is it not?
30x minimum or 10x minimum, and what makes the $DYM token Target: 10x to 12x and not Target: 20x to 12x, these are emotions and the market does not know emotions.
I do not really put any type of name into it, there is really nothing that could change it, we shouldn't really consider the profit that big. All we could do right now would be just pick good ones but I can't name drop because I can't really make it change.

Hopefully, we could definitely share our favourites but they are YOUR favourites, meaning that they could be terrible and we do not really know if they are good. I personally do not trust strangers online, and you should do the same thing as well, why would I read some post here and think that the coins or tokens shared there would be good? If I share a token here, and say that it's great, would you invest your money into it? I bet you that you won't. This is why we should consider the situation to be personal and not something that is same for everyone.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Is there really a future for young individuals in web3 ? on: April 28, 2024, 09:01:04 AM
I think that web3 is the way forward for cryptocurrency, because they have so much in common, and if any individual especially the youths wants to learn more about it, then I think that it's a step in the right direction. I believe that the future will be all about technology and the internet, so time and resources that is put into understanding web3 will be worth it in the future.

Although I'm skeptical about free things and giveaways on the internet, and the OP talked about a free lecture and an all expense paid trip to Dubai, if it's for real then I think that he should perticipate and enjoy the experience.
I do agree that if there is a free thing, then it is usually not acceptable and quite terrible. I think it is going to be a big issue for people who would not be seeing that type of problem, it is definitely a big big issue. People who do not get fooled could definitely end up seeing the situation changing, that is the real thing and we need to end up being like, we should consider becoming like that.

People who do end up getting fooled, could end up with some issues and that is not that easy and we can't make it work so it has to be the greatest situation if we just realize it at the last minute. Even the most simplest thing there is really nothing that could hurt us more than just airdrop type of simple stuff to end up making us work for them and then not even pay that.
12  Economy / Economics / Re: Is Inflation Necessary on: April 27, 2024, 11:44:32 AM
Inflation is necessary to maintain a healthy & stable economy. It encourages spending & investment by reducing the value of money over time. This stimulates economic growth & prevents stagnation. Inflation also allows for adjustments in wages & prices ensuring that they remain in line with changing market conditions. A moderate level of inflation can help to reduce the burden of debt & encourage borrowing which can be beneficial for individuals & businesses. Excessive inflation though can be detrimental leading to uncertainty & erosion of purchasing power. It’s important to strike a balance & maintain controlled inflation. We are here on a Bitcoin forum though, we know the antidote for inflation & loss of purchasing power, i.e. buy Bitcoin.
Inflation being "needed" is about 2 percent or so, not 10 or more. There were a lot of nations, even as strong as USA who had super high inflation compared to past, and that wasn't what they needed. Don't get me wrong, if you have a nation with 2% inflation and 3% interest or investment whatever, it is a small and steady growth that they will be very happy about and if a nation can do that for like 50 years, that nation will become one of the richest nations in the world and best to live in.

You have to be in Zimbabwe or something to not be a great nation with that type of consistent good growth for 50 years. But if you look around, you will see that during pandemic period most nations had about 10%+ inflation rate for a very long time and that is the biggest problem in the world.
13  Economy / Economics / Re: Harmful effect of robot to the world. on: April 27, 2024, 09:55:02 AM
Nowadays countries are improving with technology robots have both good and bad aspects. Instead of depending on it you have to improve yourself and use these robots. But in fact these devices are becoming so efficient at doing their jobs that we may end up extinct just by accidentally or unintentionally misusing them. Many believe that this technology may one day go beyond human control manifest itself as an entity.
I do agree that instead of fearing what AI or robotic world could turn us into and what kind of dangers that could hold, we should consider that we are not going to end up with a much better situation if we just learn to use it. Imagine a future where AI and robots are quite common, they are the workers basically, do you think that people who fear them would be doing better than people who know how to make money?

I think it should be considered that people who know how to use them would be able to make money, they will be getting everything as much as possible and we are going to end up making as much profit as we possibly could if we could just learn to use them and we should definitely consider that as an option. It is just much better situation to get better in the end.
14  Economy / Speculation / Re: When do we really note it for Bitcoin ATH on: April 27, 2024, 09:33:22 AM
I view your question in two ways one being from the point of you not knowing what bitcoin ATH mean and the other being you wanting a clarification on how to know it before hand. For the first part, bitcoin ATH simply means the point bitcoins records a high it has not recorded before. For now the ATH of bitcoin is $73,738. On the aspect of knowing the ATH before it happens, I don't think there is anyone that can know that with accuracy. The best people do is to predict using past data and gauging the market momentum combined with the news and development within the bitcoin ecosystem. Even with all these tools,  it is still impossible to know what the ATH will be before it happens.
To be fair, a situation where we end up with a "prediction" regarding all time high, is literally the speculation that we all make here. This is the forums speculation part, and when you say it will go up or down, you make a speculation, when you say it will be 100k in 2 years, you make a speculation, when anyone says "I believe we will break ATH price in 6 months" they are making a speculation.

You do not have to know it, nobody knows it, but just because we do not "know" it, does that mean we can't trade? Trading is literally turning the speculation into execution and that means we are going to end up with a greater return and that's the most important part. I think this is why we need to realize that things aren't always that easy and just have to go with the flow even if we don't know.
15  Economy / Speculation / Re: Why has bitcoin prices not increased just after halving ? on: April 27, 2024, 08:36:22 AM
Bitcoin mining fees has increased considerably today after halving but there are no effect on bitcoin prices. I suggested some friends to invest before and they are blaming me for the suggestion. I told them to wait for final effect as it can take some days for effect on prices but they are impatient.
We are all wrong about it because it is the fees that badly increase while the price drops. This is probably because the majority are selling their BTC causing a huge drop. But this does not say it will be like this until this year because I was still optimistic it would come soon and kept on waiting for the new ATH. Just like the previous halvings, it never pumps right after halving but just after a few weeks. 

The market moves in a roller coaster, up and down -- and every pump happens, there is always a drop to follow, and vice versa.
Indeed, impatient people keep on complaining and too much expectation will somewhat affect our minds negatively.
I do agree that there are a lot of people who are avoiding it at the current moment because of that situation, but I also believe that mining did played a role in it as well, we will have to wait and see the difficulty.

If there are less miners, then it is going to cost a lot more and that could be one of the reasons why the fee situation is like that. This does not mean that it is going to be always like that, of course the Runes played a bigger role and that doesn't mean that we are not going to end up with anything bigger or better, I believe that we can see the fee situation changing soon enough after a while. We should probably just consider this as a smaller situation and we could probably see the fee becoming cheaper, we just need to give it some time after this period.
16  Economy / Speculation / Re: Inflation and Bitcoin's Potential Impact on: April 26, 2024, 08:11:42 PM
In this era of inflation when the price of every commodity is skyrocketing and the value of our domestic currency investments is decreasing. Desperation covers us as the damage continues to mount. In this case Bitcoin is the only hope for small investors like us. DCAing allows small investors to accumulate bitcoins at weekly or monthly basis which is a very simple process. Although I am a newbie investor here, the bitcoin price chart of the past years excites me. I'm more optimistic when I see that the impact of inflation does not affect the Bitcoin price as much.

What is your assessment and openion? How much of an impact does inflation have on Bitcoin?
You can to look at it, Bitcoin has limited supply isn't it, that alone shows how Bitcoin price is going to move, more demand, less supply=prices go up, basic economic law. And with that it means that as a commodity, it is being look at a hedge against the inflation because of how Satoshi design it.

So if there is a impact, it is that people should invest or put their wealth on Bitcoin easy as that. They can fight that inflation as prices of Bitcoin are going up every 4 years, new all time high are set and so our money are not only safe guarded, but multiplying because of how it is design.
I feel like if people want to fight inflation, first battle should be against their income and not their investment. If inflation goes up, and they are making either same amount of money or still less than what inflation is, then they are getting poorer. In a nation with 10% inflation, if someone gets 5% raise on their salary, they didn't get a raise, they actually get paid less than they used to get paid.

This is why I think the first fight should always be against their income, and they should find a way to make more money. However, I agree that second should be investing that money into bitcoin because they are going to make a lot of money from crypto if they do that, and it is not going to be easy but eventually when they have enough, they will realize that they got richer thanks to this decision.
17  Economy / Economics / Re: Do you feel that the global economy is declining? on: April 26, 2024, 01:23:22 PM
Of course, the government plays an important role in determining that country's economy, people cannot do anything else if the government still refuses to change policies to change the country's situation. But if we wait and believe in the government's false promises without saving ourselves first, I think we will be eliminated from this life before the government does what it promises. Without the government's help, we will face many difficulties, but that does not mean we should just sit and wait for the government to save us without doing anything. Try every possible way to save yourself first instead of sitting around and doing nothing.
Governments are powerful but not all-powerful, whenever there is a disaster of some sort, people always think that the governments must do something, however the one that really has the most power over your life and current circumstances is yourself.

So if you find yourself in a difficult economic situation then you need to do what you can to get out of it on your own, since by the time you could receive the help of the government, it could be too late already, so there is no point waiting for a help that may come late or it may never come.
Governments may not be all powerful, but at the same time we are talking about the place where we pay so much of our money. If they are capable of taking our taxes so much, I mean most governments literally get half of our income, then they should be able to help us during bad times as well, otherwise why are we even paying them?

I think we should be asking and demanding a lot more from governments and we are not really making it work and people who like to vote for certain people, end up not saying anything against people they vote for, which makes those people a lot more confident on taking our money and they just end up not making any improvements. We should reconsider that and start to just consider how we could make it work with a lot more demands from them in exchange for paying that much tax.
18  Economy / Economics / Re: What scares me from investing in gold. on: April 26, 2024, 08:58:02 AM
I do not know what the problem is with buying gold, if in my country any bullion is served in any bank - from the smallest to the largest, and you can buy physical gold for almost any amount. But the trouble is that the selling price is very different. This is specially done by banks so that people cannot play on the gold rate when it rises and falls. And the benefit will be only when gold rises in price by about 15 percent. And very bad conditions. After all, the bank makes a huge profit from such conditions, and this is very bad for people.

Banks also offer to buy gold tokens in the app, but this is not physical gold. It is somewhat similar to the mechanisms of operation of ETF. But this is stupid, because the point of buying gold is always that you get your hands on it.
I feel like that's exactly why people do not like it? I mean there are other reasons as well of course, but if banks control it then they could make it go up or down whenever they want to. Imagine a bank that has the right to put a big rate difference, meaning that you buy and sell at very different prices so the difference is their profit.

If they are capable of doing something like that then what makes you think that we are not going to see banks end up with manipulating the market as well? That's why people just don't want to end up with anything major like that and just want to avoid it as much as they possibly could.
19  Economy / Trading Discussion / Re: Trading with AI on: April 26, 2024, 07:44:02 AM
I think it's just an AI hype, I think it's too early to rely on AI especially in trading or trust your finances or investment to AI's and there's a fix % of reward from it. For me, I don't trust it yet and we are not sure it might be a scam too but since you invest on it just give us an update on what happened to your investment. Would you care to share the website link of the website of that service? I saw one but once I opened it, it seems that I really can't trust the page so just be careful with it.
First and foremost, no one gets to profit from a trading platform with a fixed amount on a daily basis. Reality is, we can’t even assure if there will be profits available every time we trade as most of the time we even end up with losses. This is the reason why I get suspicious with your trading platform, plus the fact that you are trading using AI, for me that would be impossible to work knowing AI itself will never be reliable when it comes to predicting future market analysis.
That is going to be the trouble if people try to convince themselves. That's the situation that we are facing right now, and we shouldn't really consider that as a big profit. That's the most probable situation we are going to face. So all in all, we are going to end up with people who fool themselves when those type of things happens.

There is absolutely no reason to believe that someone could make a fix return for you, it's clear that nobody could make that. Sure you could say that sometimes they make more, and on days they make less they pay from the days they made more, but the reality is that it's nearly impossible to pay a fix rate, because what you make and what you will lose couldn't be guaranteed so how could it be guaranteed to pay a certain amount of money.
20  Economy / Trading Discussion / Re: Need help trading. on: April 26, 2024, 06:23:02 AM
It is risky to start trading specially when you didn't even know where to start, but you need to begin because if you will not start you will never know how to trade. So i suggest to do research on YouTube even in google and get some idea from expert trader or if you have a friend who knows how to trade you can do it with thier guidance, and to avoid big lose start trading with a money that you can afford to lose don't rush to earn everything needs time.
In general, trading has become an activity for many people nowadays and in any condition, but if trading in the crypto market, of course there must be special education that we seek ourselves through any social media so that we can be well directed when we want to try it. Because when we know the risks in trading on the crypto market, of course we will not do anything in a hurry or delay doing it for a moment before we get the right instructions for it. And this is also part of the process that every trader must go through if they want to become more successful through their trading.
We could basically say that people are actually seeing it something as a hobby. I mean think about it, what do we not spend hundred bucks on? There are a lot of people who spend a lot of money on a lot of things and what we do right now is that we just take it and use that money as a hobby and if we do end up making more money than we end up trading even more and consider that as something awesome, if we do end up losing then that is like 2-3 nights out with friends, or a cheap shoe price to be fair.

This is why a lot of people got into bitcoin and trading, they realized that there isn't really a big downside. Obviously there are also a lot of people who end up with a lot of money and put all of that at leverage or something and lose a lot of their hard earned money, that is definitely troublesome and I believe that it is not easy to recover from that, but that is for all the people who consider that as a business, I am talking about hobbyist traders, we have millions of that.
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