Latest posts of: justdimin

Quote from: len01 on August 11, 2023, 02:01:00 PM

out of 10 wins I think there will be some losses and its not sure if the wins are worth the losses because even though betting strictly on every sport does not guarantee always wins.
I know what you mean if a gambler gets a big win from gambling or gets a win every day after that the winnings are invested elsewhere which has a little risk that does not mean he not believe in his skills but he only thinks in the long term and someone does this have a good mindset to manage their finances. so gamblers like this can be said to be professional gamblers.

That's what you are going to end up with depending on the results and should be considered a bit different. I think it's quite important to calculate the wins accordingly. For example, if a team loses once every 10 games, that means if their odds are 1.40, that makes 9 games to end up with 1 loss equals to end up making a profit.

That is not really an issue and we should bet that, but if teams lose like 3-4 times out of 10, then it would not be a thing that makes on the long run. This is why I think we should consider the situation to be profitable depending on the situation, check what the team is doing and check the odds and based on something like that will end up with a greater return on the long run as well.

Quote from: crwth on August 11, 2023, 02:15:15 PM

Hmm. I think "peer pressure" is more of a close people kind of thing and not the influencers that appear to ask for something towards you that you are "obliged" to gamble or something.

It's better to know why you are doing it and not because you are "forced" to do it.

My experience with this is not a lot. I'm surrounded by people who are curious about gambling but wouldn't really gamble or influence you to gamble all the time. It's best to know that you are doing it because you really want to and are not forced to.

That's the type of surroundings you should have. I do not have that many people I know closely that gambles a lot or even if they do, they do not tell me about it. There used to be some, but I grew apart of course. So right now, I am filled with people who want me to make the good thing, the right thing and just focus on that instead.

I get that it is not going to be easy, and I get that there seems to be something that will bother everyone, but that doesn't mean that we are going to end up with a bad situation, we just need to reach to a point where we need to focus on something that is healthy for us and we need people around us to help us with that instead. That would be the way to grow as a person and be or do better.

Quote from: Maslate on August 10, 2023, 10:08:33 AM

Quote from: Onyeeze on August 09, 2023, 07:11:23 PM

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

As investors, it's necessary for us to understand how to manage risk. Some of us here use money from our businesses to invest in crypto, while other investors make money in crypto and use some of their funds to start businesses. The point is, having multiple businesses or sources of income is always better than focusing on a single investment alone. As an investor, I understand that putting all our eggs in one basket is very risky, so it's necessary to diversify our funds effectively across different investments.

Moreover, investing in crypto does not guarantee a profit; it's akin to gambling where the outcome is uncertain. Therefore, we shouldn't rely solely on this and think of it as a surefire success. It's crucial to consider the possibility of failure.

The possibility of failure is the number one reason people make a profit. If you consider that there is a possibility that you could lose and then get ready for that, it means that you are going to end up with a profit since you would be able to see the loss coming a mile away. However, if you do not consider the possibility of losing, then you are going to end up with a loss and that will not be a smart idea for you at all.

I would highly suggest and implore everyone that they should be able to see it as something that would make a lot more sense in that regard. Just make sure that you are ready when the potential loss may come, not saying you will, just be ready if it happens just in case and you will be doing better.

Quote from: tbct_mt2 on August 10, 2023, 08:35:59 AM

Quote from: Ahli38 on August 10, 2023, 08:08:04 AM

In real trading we really have to keep learning and learning. Because even in the analyzes that we have studied, they also continue to experience developments according to the market situation which has also changed from time to time. a few years ago the analysis using candlestick patterns on the market had a fairly high level of accuracy. But at this time many candle patterns have been formed but in fact they are only deceptions made by big traders in the market (manipulation of market price movements). So nowadays there are even fake candle patterns and such.

The market cap of cryptocurrency market and its trading volume are very smaller than traditional markets. If candles, patterns can work, they will work with traditional market to cryptocurrency market.

A market with smaller trading volume will be more easily manipulated. You did not know about Bitcoin market in the past but you can see how altcoins can be more easily manipulated nowadays, you will see part of Bitcoin market in the past.

This is how pump and dump happens, we have seen a lot of low volume coins, the ones that have like 10 million dollars or less volume, and any whale with that much money could end up buying like a million dollars worth over time, and make it go up, and create a fake hype around it, think of it like buying up 100k worths per day for 10 days in a row, that's a million dollars and nothing to some people.

But if you keep doing that then the price will skyrocket, you can cover even the sellers, and keep doing it, so people start to think it's a sustained increase, and then suddenly you sell all one million dollars worth of it and make a profit. Everyone should be careful about it, it's a risk we do not have to take if we do not want to.

Quote from: TravelMug on August 10, 2023, 11:40:25 AM

Quote from: DVlog on August 09, 2023, 02:12:36 PM

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?

It's possible if I'm not mistaken, but difficult to do. You really need to have a lot of experience to be able to earn that kind of money, specially in a bear market. So you just don't need the money to begin with, but a lot of time in your hand to be in front of your machine to see the price movement and you also have the technical knowledge to read those lines and take advantage of it. But in any case, why not just target small profits in the beginning and see how it goes for you. You just don't know, maybe you start small and then become successful later.

I do know a few people who do it, but they do have somewhere around 6 digits to make that. I know a guy who has about 120k to 180k, I forgot which one it was and yes I am aware that the difference is huge and 50% more, but it was somewhere there, over 100k and under 200k.

And he made about 100-200 dollars a day from trading as well. Doesn't mean he made that every single day, some days he lost, and some days he won, but when you took the average of what he did, he made 100 to 200 dollars a day. Meaning if you make zero one day and 400 another day, the average of those two days is 200 dollars, think of it like that, because trading is mainly like that and doesn't give you a clear result most of the time.

Quote from: taufik123 on August 10, 2023, 06:23:12 AM

Quote from: Text on August 10, 2023, 05:24:25 AM

There are other good perpetual exchanges that are non-KYC. FTX is a cryptocurrency derivatives exchange that offers a variety of trading options, including perpetual contracts. While FTX does have KYC requirements for certain features, it also provides options for non-KYC trading. FTX is a centralized exchange that offers non-KYC trading for certain jurisdictions.

You're joking, right?
You casually suggest FTX as a Non-KYC Centralized exchange.
Are you not aware of what FTX has done to its customers a few months ago.

Or maybe you don't know about FTX at all and you are new to it?

Hey man, FTX became the biggest scandal in 2023 and harmed many people.
If I were you, I wouldn't recommend FTX or anything else before doing my research.

It's better to be on Binance than having to go back to FTX which is full of bad people.

There are still many non-KYC exchanges to choose from besides FTX.
It's better to avoid the problematic ones and choose the guaranteed ones.

He basically made it clear why Binance is great and others are not without realizing it. FTX is a great example what would happen if you go stray and find something else. It's a proof that we are talking about Binance as the best one and it has the highest volume for a reason, and that's going to be something to care about, otherwise what's the point of it, there is no reason to keep it going for a long time.

I just realize that we are going to end up with something that will be a lot worse, and that's why it's going to be different. Why I believe this? Because, it's going to be not a simple thing to handle and you are going to end up with a problem in the end if you go too far down south and pick something that's not as guaranteed as Binance is.

Quote from: GreatArkansas on August 10, 2023, 09:56:56 AM

For me, my own opinion is, the first I noticed is the risk is not worth if. Because if you have a profitable trader from your master trader, the profit you will get is somehow few because of their charge, some are 10%-15%.
But there's a loose trade, you will lose huge.

We all know, not all trades will go well, so I think choosing a master trader that has a good risk: reward ratio or good and always look for long term here.

I think if there is a big fee to use it, and the profits do not worth it, then that master doesn't really worth it neither. I have worked with some that had zero, just to get their name out there, and they were actually making a small amount of profit and during bear period that's not bad at all, but then after getting a lot of followers they decide to charge a lot more and suddenly all their small return became nothing and even a loss at times.

This is why always try to find a way to trade yourself, if you end up trading based on what others telling you to do, then you are going to be dependent on them and they will be able to do whatever they want from you, this is why it's much better to make it look like it's different on the long end.

Quote from: AicecreaME on August 10, 2023, 10:37:55 AM

I don't how you're going to avoid all of your taxes, but you'll get exposed soon and you won't like what's waiting for you.

Avoiding your taxes isn't the solution to battle inflation, you might save some money but you're still going to spend it on buying the things you need and wants and that's still consider as paying taxes. But to answer the your question, yes, you're a bad person if you're avoiding some of your taxes, whether it's every month or every year.

This must be the problem with avoiding taxes, it is not just a moral question to be asked, and even though that plays a part in this, it's also a financially bad decision as well. If you avoid paying taxes and then you are caught avoiding it, then you are going to end up being punished a lot harder. In my nation, it is 300% of what you owe as a punishment, so let's assume that you avoided 10k dollars of taxes, and you didn't pay it, and you went about your day like nothing happened, if they ever catch you, then you need to pay 30k dollars instead.

That's not a smart decision, I would rather pay the tax and avoid any punishment and just be done with it. I would have to be in a life or death situation to avoid it, not for moral reasons, but because I rather not have the punishment.

Quote from: rat03gopoh on August 10, 2023, 10:01:57 AM

Quote from: bussybuddy on August 09, 2023, 04:51:43 PM

No I think this is the opposite, the corporate environment can create many distractions and interruptions, from commuting to time spent on social media. When you come to work, you may feel more tired and easily get lost in leisure activities instead of work.

You're ridiculous, how is it possible that in a work environment with clear and formal rules you're allowed to do things outside of duty? Unless you're a typical worker who likes to break rules that are not implemented too strictly.

To be fair, if you have a busy home, like a wife and a few kids, and you do not explain them well enough that you need to work and they do not respect your working space, then it's true that you are going to be able to be a lot more productive at work. But if you are single, or married with no kids, or married with kids but they all respect your working space, those are all things that can make you even more productive.

As someone who has worked at home for god knows how long, I can tell you that it's definitely better to work at home. I am a lot more productive at home because nobody bothers me here, and I am in my own room and working for hours and hours a day every single day and that makes it a lot better without a doubt.

Quote from: davis196 on August 10, 2023, 10:30:50 AM

I definitely can't agree that you can't avoid middleman services in the digital age.
You don't need a middleman in the world of crypto, if you have knowledge about crypto and you know what you are doing.
Escrow services and multi-sig wallets are a thing in the crypto world. You don't necessarily need a centralized crypto exchange to serve as a middleman in your transactions. In fact, many crypto scams are done by centralized crypto exchange platforms.
Of course, many crypto noobs are going to use a middleman, because this gives them a false sense of security(and greater convenience).
The same thing applies to the fiat banking world. Many people think that using a bank will keep them safe from scams and a certain percentage of them usually get scammed by the bank.

There are people who just use bitcoin in a "send fiat from bank account to exchange account, trade, then send fiat from exchange account to bank account" and that's all they do. This is why they do not see the chances that they could use it without any centralized platform. I understand that we all know how that can be done, but they do not, and that's their problem.

Unfortunately this has to be something to look for if you want to get the full benefit of bitcoin but they do not. This is why they do not know what you know and they do not agree with you. According to them, there is no way you could avoid middleman, because they do not know how you could avoid it, and they use it in a sense that it would be impossible to do that.

Quote from: BRINIRHA on August 09, 2023, 12:13:45 PM

Well there are some problems in every country. Developed countries usually lack human resources for manual labor. Because usually in developed countries the birth rate of children is very minimal. So that human resources are decreasing.
Whereas in developing countries the population is getting denser because the birth rate is also quite a lot. But the advantage is that developing countries usually do not lack in terms of human resources. It's just that in this country there is usually a job market crisis due to the unequal number of jobs and the number of job applicants.

And actually this will not be a problem as long as developed countries and developing countries work together. Developed countries need human resources and developing countries need jobs for their citizens who have difficulty getting jobs in their own countries. this is why a lot of cooperation in sending labor occurs between countries. it keeps the balance going.

I think that's what most of them already doing, because if you put all the manufacturing into a single nation (china) you are making a mistake and giving them too much power, but because companies got better and realized that it's not doing that badly, I think it's going to be something to care about and we are going to see a situation that will be better in the end.

I think we are putting a lot more manufacturing and agriculture business into plenty of nations instead of a single one now, and that means that we are going to get a lot better results as well. This will end up with those developing nations to have influx of money constantly and they will grow and be better and constantly improve their life quality as well.

Quote from: fuguebtc on August 03, 2023, 09:11:56 AM

Quote from: otomakanihsotas21 on August 03, 2023, 05:23:22 AM

lets say someone wins a million dollar and wants to dca 50k weekly into bitcoin.
What is the smartest way to do so?

I know nothing and would send 50k to binance each week and set a limit order every monday. Is there a better way?

Thx

For retail investors like us, 1 million USD is quite a large amount and investing in bitcoin requires careful consideration and planning as well as knowledge, otherwise it is very easy to lose money. If it were me, I would DCA weekly like you and I would use binance to do it too. Because with large buy and sell orders, centralized exchanges are still safer because of high liquidity. But you shouldn't leave your bitcoins in binance, always transfer them all to your hardware wallet after completing the buy order.

Yeah true, using a place like Binance would be a lot better and I do not do weekly but I do monthly and I am quite happy about it as well. Every single month I keep on getting more and more money in return and that's how I see that working as well. Think about it, if we are talking about bitcoin growing, then getting some of it right now must be something good for us in the end, there is really nothing wrong with that at all.

Some people may be not happy about the result all that much, but we could end up with a better result one way or another. This is why I believe that we should be focusing on how we could make a profit from this, if we could do that then we are going to be quite happy with what we got.

Quote from: Zanab247 on August 07, 2023, 02:28:56 PM

I received text message from my neighbors this morning, that they have seen many reasons why BTC will live forever and they want to be part of the decentralized currency in this period since they have some huge amount of money they are not using now than to invest them in BTC till it will cross to 20 year old before they can sell to share their own testimony. I believe many people here also have testimony to share about their BTC journey and how people try to discourage them but they still go ahead to embrace BTC. For what you have seen so far in BTC, do you think it will live forever? and if it live forever will you be part of those who will love to share the good news to people? You opinion is highly welcome.

Bitcoin is something that will not live forever if you ask me. not because I do not believe in it, I do think that it's great and it's best that we have right now and for sure that it will go on for a long time. But people need to remember that money is constantly evolving thing and doesn't stay the same shape forever, and we need to remember that even the credit cards that we are using today are merely a few decades old at most, and wasn't this easy when it first came out.

So believe me, one day, with tech evolving constantly, there will be something much better than bitcoin and we are going to be quite happy about the situation and will happily move to that instead of bitcoin without a doubt, that's why I think we should remember it carefully.

Quote from: hyudien on August 07, 2023, 11:05:12 AM

It's best not to focus on accounts that are beginners, they may have known Bitcoin for a long time and little by little have an overview of Bitcoin. So focus on the context the OP is talking about, or if you feel senior give more appropriate advice. There is no need to doubt one's intellect because here anyone is allowed to speak.

The important point is that OP was able to save the inherited bitcoin from being neglected, access to the wallet must have been prepared by his late father. When his friend still can't accept it because of a lack of information, but after being given an explanation and how important the value of Bitcoin is, everything can be resolved.

Have you ever heard of a save box in a bank that can be an alternative for someone who wants to save recovery seeds and the one who can receive the box is the heir. A lawyer is already professional so his father appointed a lawyer in this case, to hand over the legacy he left behind.

That's true, I can say that there are also a lot of people with multiple accounts unfortunately, some of them do get caught, not sure if it's allowed or not but shouldn't be allowed if you ask me. In the end we are talking about a situation where it's not that profitable and the result should not be that simple. I think it's clear that we are going to end up with something that will benefit people in the end.

I am not entirely guaranteed on anything that would make sense, but that doesn't mean that it doesn't show any result one way or another, we should be considering the option to be a little different here. Newbies could also tell people some stuff, like where to buy, and how to buy, as in technical parts.

Quote from: mvdheuvel1983 on August 09, 2023, 12:51:15 PM

Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.

I agree that you are going to be trading yourself instead of making the movement yourself and that's why there is going to be something that will make some changes for some people if they end up copy trading, it's better to make a change yourself and trade yourself if you can. However, I do not think that mid level and veteran traders will end up using copy trading, that doesn't really make any sense and I think that it will not be something that will benefit anyone at all.

I think it's obvious that we are going to end up with a situation that will be better. This is why it's easier to just focus on what you have and instead of copy trading as a veteran, let that be the what newbies do, newbies should copy the veterans instead.

Quote from: Yamane_Keto on August 09, 2023, 01:02:44 PM

If there was a deal like returning 10% and closing the case, which hacker would want it? After all, laundering millions of dollars will not be easy, and you will always be afraid of being caught.
10% is a good amount and he may not have to pay taxes if he does not sell it, all he needs is to wait for several years and he will have an amount equal to approximately 30% to 50% of the stolen amount legally instead of getting 100% with the fear of being arrested.

most systems tend to give rewards for finding bugs instead of entering into negotiations with hackers that may lead to a loss of 10% of the hot wallet.

I think that should be possible, I mean if it was the case then you could legally hack any place you want and return 90% of it and then keep the 10% and still be rich. Think about hacking binance one day, even if you just get into their hot wallet that's still a lot of money, that's literally a huge big company sized thing, not just some shop or anything, I mean like literally IPO level of thing right there.

This is why I think it is going to be quite important that we are going to end up with no company accepting that and making sure that anyone who tries to hack into any company will end up getting the court chasing them and they will always be on the run trying to hide and never come out and that's why it is scary to hack into big companies.

Quote from: Yamane_Keto on August 09, 2023, 01:08:43 PM

You missed the New York State Department of Financial Services (NYDFS) case with Paxos that stopped printing more BUSD.
users have the option to convert it into any currency before a certain date, or it will be converted directly into USDP on the Binas platform. I think the conversion will be into USDT. https://www.binance.com/en-IN/feed/post/216379

I understand that BUSD may get lower and lower situation and that way we are going to end up seeing other stuff like USDT and USDC to get a lot more attention and that's going to be a lot more important for a lot of people and I get that, there is nothing wrong with that and I believe that we are going to end up with something that would be decent and should be considering the situation to be a lot more important and we are going to end up with BUSD not being a big deal.

They do still have BNB which means that they are not giving up that one and the yare doing a good job with that, nobody wanted them to stop BNB apparently. BUSD is not a must in this market and as long as we have other alternatives it will be fine.

Quote from: EarnOnVictor on August 02, 2023, 09:12:24 AM

I must say I agree with your scope here but with a few alterations as your view shows more of a trader that has been following the market closely. At the moment, Bitcoin is trying to find a path, and the situation right now is a battle between the chart representation and the news interpretation, which might make it difficult to accurately predict the market on the short-term disposition.

Still, a breach of $32K is needed to conclude a bullish continuation even as it must be ready to battle $31.450K resistance first. It is after this we can be talking about $35K and 37K which is the peak I believe it could ever reach in 2023. On the downside, I remain bearish if it's below 29.4K, but $25K might be the lowest level it would attain until this year is over.

However, a sustainable breach back above 29.4K will merely slip it back into a sideways market of between $31.450K-29.4K until either of the mentioned levels is breached.

The chart one will always end up winning in the end and the news one can only handle the short term. What I mean by that is that if chart is saying that it will go up, then it will go up, even if on the middle somewhere there is a bad news and it goes down, it will keep going back up again later on. That's just how it has been forever and will stay that way forever as well.

I understand that some people may not like this situation and that's understandable but that doesn't mean that we have to live through this period like that. I think it's quite important that we live through the situation a lot better and easier based on the chart because that way we know that even if we have to hold a little longer sometimes, we will eventually profit.

Quote from: Odohu on August 08, 2023, 11:34:38 AM

I strongly agree with you. Many people who are fidgeting are those who think Bitcoin price will just continue flying without building up orders. As a norm, everyone will not keeping their holding before the anticipated bull run; some must panic and sell and regret afterward. The only way the market ensures this happens is the extended consolidation with sudden short-term drops that is happening.

Those who are conversant with the vibration of the market will use this opportunity to buy instead of sell. In less that 12 months, Bitcoin halving will happen, PayPal just launched their stablecoin, Binance is launching Bitcoin mining infrastructure, Bitcoin ETFs are around the corner... many great news ahead.

In my opinion, every believer of Bitcoin should consider taking a comfortable position in preparation for the years ahead.

The people who sell and regret later do not have to, I just wish that I could reach out to them. I understand if something big happened in your life and that is why you can't end up having something like that, but that doesn't mean that we do not have to end up with a good recovery in the end and people who just sell for their emergency needs could sell, but people who sell because it is going down should hold it as much as they possibly could.

This is why it's important to do the right thing and hold. So all the people who can hold, as in they have the option to hold, should hold, that way we get to see the price do a lot better and the result should be a lot better as well. I believe that we are going to do much better.

Quote from: Minor Miner on August 08, 2023, 10:08:16 AM

Quote from: Popkon6 on August 08, 2023, 05:27:47 AM

In 2023, the price of Bitcoin will not be very bullish, the highest Bitcoin price can be is 45k. But we have to wait till 2024 for bitcoin halving and estimated bitcoin price in 2024 may range from 45k to 65k. But in 2025 the price of bitcoin will increase overnight because I see the highest price increase in the last year of every bitcoin halving. 2020 was the Bitcoin halving year but 2021 came when Bitcoin price hit the highest. So currently bitcoin halving will happen in 2024 but bitcoin will hit highs in 2025 which is very likely to cross $100,000.

People always expect bitcoin to go up in price and hit ATH when the halving happens, but if we pay attention to history, bitcoin's ATH can only happen a year after the halving. While there is nothing to say that history will continue to repeat itself, we should rely on past data to make realistic predictions rather than just making predictions according to our wishes. I also personally believe that the bull season will really come in 2025, and new ATHs will be created in Q3 2025. For me $100k is a pretty modest number for the next bull season, I predict bitcoin could touch $120-150k, IMO.

Maybe the history will not repeat itself, but should we invest according to "maybe things will be different this time around" or should we invest according to "if the things are same again", because it has happened a few times in a row, I would guess that doing the same thing would be smarter, it will result with a better thing in the end as well.

I hope that it gets to a point where things are not that simple and we could end up with a result that will benefit us all. It will not be that simple and we could end up with a good result in the end. Hopefully this will end up with a profit for all of us if the same thing happens again. If so, then all the people who held during the bear period will profit a ton.