Latest posts of: justdimin

Quote from: Tallupooh on January 21, 2023, 06:19:24 AM

1. Save money
2. Prepare for an emergency
3. Looking for additional income
4. Consumption of domestic products
5. Start investing and saving

that is the way in my opinion to overcome inflation in society. then what do you think? Is this way possible to overcome inflation?

Individually it would be difficult, you need to do it as a community. For example fed increasing the rates made the inflation slow down as we can see, however that also causes recession which means people would not be able to earn enough money.

What this achieved is stopping prices to go high, but also caused income to lower at the same time so it is not doing great. What's next? You need to decrease the rates again to make sure people invest, so that others could earn and that could end up with a lot of money going into the market and then inflation would happen again. So what can you do? Subsidies, which means tax cuts to stuff like factories and farms, the production. Not to marketing people, not to wall street people, not to accountants, people who produce something tangible.

Quote from: krishnaverma on May 10, 2023, 02:50:24 PM

Recently, I came to read this news

https://protos.com/spanish-police-rescue-crypto-investor-kidnapped-on-holiday/

The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.

Not at all for me. That is because I do not have much, even if bitcoin reaches to a million dollars per coin, I won't be a rich person, I would be doing better than today, pay all my debts, and maybe like go to a good vacation but then it's all done. That's how much I have, one million dollars per bitcoin only covers my debts and one vacation, think how little it is today. So if everyone on the world knew about how much bitcoin I have, it would not change anything in my life at all.

However, if you are a wealthy person or maybe poor looking guy, and have bitcoin and hide it, then I would understand. People with a lot of money on the side at bitcoin may not want to openly say that and hide it, that only works when you have a lot of money though, poor people like me have no need for that.

Quote from: Wend on May 10, 2023, 04:56:24 PM

Quote from: 19Nov16 on May 10, 2023, 02:12:00 PM

Of course it depends on the income we get, if I earn $ 1 million per year then I will invest around 10% for bitcoin, I think crypto investment has good prospects in the future so that it makes me always leave about 5% of my monthly salary to buy bitcoin or altcoins.

If you can earn 1 million dollars/year, then I think you don't need to invest more in bitcoin because, with that income, you also became a millionaire in just a few years of working. Investing in bitcoin only puts more stress on you because of its volatility.

People are investing in bitcoin or crypto because everyone wants to make 1 million dollars, and I believe when people earn that money, they will also find other things to do business than keep investing in bitcoin. Like the old members of this forum, many people left it when they became rich.

That's true, in fact, I can go as far as say that if I had 1 million dollars, not 1 million per year, I mean 1 million dollars total in my bank account. I do not need to keep investing it, thats an amount in my nation where you would have to work about 1000+ months to make that money, give or take 1200 months lets say, thats 100 years. As you can see, if I can make that in 100 years, then I can spend that in 100 years, as in I would not be able to spend it in my life.

Hence, there is really no reason to feel anything about any extra money. You want to leave some wealth to your kids? Try to buy a big piece of land with that money, which you can, and build something on top of it, and just rent it out. That's enough money to not only enough for you lifetime, but leaving your kid something they can never have to work again as well.

Quote from: panganib999 on May 10, 2023, 05:09:56 PM

Really why I hate stock brokers in general. To me they are all licensed scammers, legally allowed to steal money from you while you toil away until you die because what they're doing is apparently good for the economy. I wouldn't let them near my money if my life depended on it. As for the people that lost their money to these brokers, it is indeed true that the market is cyclical and there will be times when the market will be merciful to you and your investment. But make no mistake. As soon as you see the opportunity to liquidate your assets and jumpship from your stock holdings that they invest for you, do it. You can always invest in stocks on your own without their "expert guidance" anyway. So cut the middleman, learn the charts, and invest on it yourself.

I would say "hate" is a strong word considering what they do, but I agree that they are definitely shady and doing something terrible. Like regardless if you win or lose money, they win money and that is why they keep churning away their profit machine. They can help you buy whatever, all of your money could be gone, all of your life's work could be gone, and they end up with their profit one way or another.

Just one regulation would solve this all, in no trade they could make a profit from you buying anything, zero money for buying something, they could only profit if you sell and make a profit. They will pressure you to sell at that point, so if the price keeps going up within first month of you selling, then they forfeit their profit as well. So they only make profit if you buy something and sell it and it goes down. See if they still want to do that job.

Quote from: JSRAW on May 10, 2023, 02:51:41 PM

Quote from: elevates on May 10, 2023, 02:43:31 PM

What a joke! Bharat just got an opportunity and now you guys want Ishan Kishan to be part of the playing 11. I am not in favor of this selection in the team that will play the final. I think Bharat needs to be part of the team and I feel somehow he will bat well. Just by selecting Kishan I am sure Bharat would do his level best to perform.

It's about horses for courses scenario.

It's a one-off test and an important one, if by any chance it was a bilateral affair with a 3-5 test match series then my first choice for WK would be Bharat but since that's not the case so I'd prefer going with the limited reputation they have in the international cricket and atm Indian team batting need some sort of backup at lower order.

Yeah, it's just one off test with very important for the Indian team as well because they already lost previous final and now need to be better here for the second one which needs more power in batting as well and Kishan can do good at number five or six because we already have five top batsmen which are settled so need to have strength at lower order which can bring good impact for any team and +2 spinner all-rounders and Shardul Thakur already available with these all Kishan could be bonus.

Bowling options are already discussed with Mohammad Shami/ Siraj duo could be OK because right now no one want to add semi retired Ishant into team for the just one test match with he is also not good right now as well.

Quote from: Accardo on May 10, 2023, 03:39:43 PM

Quote from: dzungmobile on May 10, 2023, 11:45:01 AM

They won't pass that bill easily and might not do that in future.

If there is anything they are ready to approve as a mean for government payments, they will do it with their CBDCs first.

Bitcoin is a threat for their fiat currencies, CBDCs and governments won't initiate something that will make future of their CBDCs looks worse. At least with governments, they don't consider Bitcoin as something neutral and harmless for their fiats and CBDCs.

I don't see bitcoin as a threat to fiat currency, this new adjustment in Liechtenstein's local law doesn't change much to an extent of being a treat to their fiat currency. It's just an additional payment method and a way to accept citizens who own bitcoin to pay their dues using that medium. The Government may implement a fee for themselves too aside the one meant for bitcoin miners. For instance a fee of 20$ can be $25 for bitcoin payers. And they'll quickly change that to fiat currency helping the network in a way and at same time helping the growth of local peer2peer traders who change bitcoin to fiat. One good news about it is that it'll disseminate bitcoin to a wider public of citizens in that country.

These were the people who would go against credit card payments or bank wire transfers as well I suppose. It's just a method of payment and that's it, doesn't mean anything has to change, it may or it may not change but that's not the point and we are going to end up with near similar results without a doubt. I believe that we are going to end up with something much better overtime and we just need to end up with these type of nations and governments that support it. This idea alone is a proof that they are pro-crypto.

It hasn't happened yet obviously, they are just considering it and they may end up deciding they won't do it as well, but even the idea of it and being considered is enough to actually make it work. It would be better if they start doing it, but even the idea is enough.

Quote from: jostorres on May 07, 2023, 03:15:45 PM

Quote from: traderethereum on May 04, 2023, 01:45:19 PM

For the first time I bought bitcoin, I didn't have any feelings, let alone hope to see the price of bitcoin soar as high as before.
And I'm lucky I don't buy bitcoins too often because then I can still use the faucet to collect bitcoins.
It was the most extraordinary opportunity I ever had because it was from the faucet that I could get enough satoshi to sell at the highest price.
And it's not a risk for me because even if I buy it, it's still cheap so I don't have to spend much money to get a lot of satoshi.
But if we condition for the moment, of course, when someone buys bitcoin, he has the risk of seeing the price decrease after he buys but in the long term, he can see the price increase very much.

Well, if you used to claim Bitcoins from faucets back in the day when the price was only around $300, then you might have collected some Bitcoins worth selling right now when the price is quite high, but as soon as the price went high, the claimable amounts from faucets became too low that people stopped using them and it ended the era of Bitcoin faucets.

I was one of the users who used faucets when the price of Bitcoin was at $400, I still remember I used to use faucet rotators every day to claim Bitcoins from every single faucet website available and could barely get $1 a day since the price wasn't so high at that time.

That is if he still have his bitcoins which he only collected in the faucet because normally, faucet hunters are selling their coins in a short period of time. They only get it for free so there is no hard feelings even if they sell it a lower price and then the price pumps after.

Faucet hunters does not stop on claiming even though the rates are already lowered. Another thing that motivates them is that some faucet sites have a twist like what we saw on Freebitco. There are still some faucets who are alive up to this date, it's just that there are now so many additions (earning opportunities other than faucet) which rates are much better so people prioritize them more.

Quote from: mich on May 09, 2023, 04:36:18 AM

XRP has been in legal battles for past 2 years. It does not bother them because the CEO of ripple Brad Garlinghouse says XRP is going to expand to the UAE.

Major factor is because of the consumer base and regulatory development in the middle east. https://bitcoinist.com/just-in-ripple-ceo-weighs-company-expansion-dubai/

They are basically trying to make a legal way to get out. Think about it this way, what if XRP stops all business operations in the USA and only starts working in UAE? What could US courts can really do about it, and I do not mean like in any shady way, they legit just open an office there first, then slowly move all business there and then stop working in USA, you can't stop them, if they want to they could do that, and they have every right.

After all, the courts are cleared and they are free to go and their legal batters are done, even if they have to pay penalty for it, if it's done, then they are clear to leave, or even just stop too. This is why I think they are just looking for a way to get out, and I feel like that's going to be the case with this UAE and probably Dubai thing, they want to get out and get away.

Quote from: usekevin on May 03, 2023, 02:41:46 PM

Many people opinion is bitcoin to became their own country currency,because they are the early adopters of the bitcoin.Most of the people wish the bitcoin to became the world currency like the USD.The world economy will not run without the US dollars,because the USD was the mode of payment to import anything from the United States.So we should have the dollars as our Reserve in their country.Nearly seventy percentage of most of the country population holding the bitcoin as their assets and investments.So as compared to the polygon,Bitcoin and Ethereum had huge opportunities.

They can keep trusting whatever they want to but that doesn't mean that they will change it, I mean countries already have their own currencies and just because a few million people liked some coin doesn't mean they can change it. Bitcoin is the biggest coin ever, and even that had only 200 million ever invested, not actively, but some thing there will be other coins that will be accepted as currency for a nation?

Absolutely not, not even bitcoin will be like that, you need 200 million all in a single nation to make that happen, well depends on population of course, if its less then that would work with less. All in all there is no scenario where polygon is ever nation currency, or any crypto could be national currency, legal tender at best.

Quote from: abel1337 on May 03, 2023, 02:41:03 PM

I think no, Once you stake your crypto, It will be on other custody and they will have a control with it. That's what I understand about staking. I had once tried staking and I'm on loss after it. The token I staked was dumped so hard that I lost majority of the value that I stake on that platform. To be honest I was blind by the APY that time that's why I rushed in staking my coins not knowing that it is a locked stacking. I was pretty ignorant at that time and I didn't do any research at all. After that I haven't tried any staking up to now. There are people who can get massive profits from staking their cryptocurrency but I think it needs a massive research especially on the kind of token you are staking.

Depends on where you are staking, there are decentralized staking around as well, and if you are doing that then you are not losing your money. Sure the income may not come anymore and that is a possibility, but the main money that you put will always be protected with the decentralized ones and that should be considered a benefit.

For example if you end up with something like pancakeswap, using cake to stake will not be lost, you could put it on staking and even at the worst case the whole system crashes, you will be able to withdraw your cake as it is, and that won't be an issue, the only issue would be if it crashes there won't be any value obviously, but it won't be stolen and it is not at the hands of anyone else. So if you are worried, use decentralized ones.

Quote from: SirLancelot on May 03, 2023, 03:02:54 PM

Even the strategies and individual behaviors are seasonal along with the market as they need to be changed when the market moves from one place to another. One cannot use the same strategy when the market isn't moving the same way all the time, and there needs to be tweaks in a strategy or a process that one uses towards the market.

Your success depends on how you change your process and adapt new strategies and methods that best suite the changing market conditions from every now and then, if you can keep up, you will be good, if not, you will probably lose momentum.

That is the reason why we have indicators and analysis. If you do TA very well then you will know where the market is moving, or at least where it should be moving. Sometimes it is hyped, sometimes it is gloomy, sometimes it's bear, sometimes it's bull. You can't know what will happen the market beforehand easily and you can't just use the same strategy for each market.

It means that you need to do your TA, and depending on the result you need to use that, you can't just have one strategy for all, you need to have one for each, and that is how you are going to make a difference. I personally believe that there is nothing wrong with the current system of investing according your own analysis, but you need to learn how to do that carefully, otherwise it is not going to end up being anything easy.

Quote from: Yamifoud on May 08, 2023, 10:38:44 AM

Quote from: Prestongold on May 05, 2023, 02:19:57 PM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Well, I tell you that it was profitable but take note also that not all who tried trading went successfully, some had also quit because of suffering losses and disappointments. If ever you believe that you are really for this, I encourage you to try then in order to know the reality because you can't assume what happens to others (successful traders) will also happen to you. We never know if you become like those who quit as well. Of course, I don't want to say you thinking negatively but must have to know it as well and know the consequences.
I would say trading is profitable but also it depends on the trader.

I would guess most people who trade end up with a loss, there are minority of traders that make majority of the profits, the 80-20 rule applies here too probably, we end up with 20 percent of the traders making 80 of the profit and 80 percent of the trades get the 20 percent profit and the losses endured on the same period.

I feel like that should not be the important deal though, if you want to become a good trader then you could spend some time on it and you could become better as well. It's not impossible to get into that top 20 percent, you could become like that and all you need is something that needs to be reworked and learned. If you can spend the time required for it, then you can become a lot better and you could make a lot more profit with it as well.

Quote from: Franctoshi on May 08, 2023, 10:57:23 AM

Quote from: Wiwo on May 07, 2023, 04:29:59 PM

Why not work out your own analysis instead of relying on signal services that are 90% fake and have no results, there are a lot of trading signal groups on telegram but I won't advise any one to risk their money following those trading signals.

I understood why the Op is in need of signals, a lot of people are very busy with work or some other things that are keeping them busy and just need a reliable signal group, but the case here is that you rarely find a legit signal group, I have someone that has made a lot of money just from trading someone's signal, but subscribed with huge amount of money to get those signals. however I do think that the op still need some basic knowledge about trading to properly trade those signals when instructions are given out to trade.

I think that is not a good enough reason to just ask for signals, if you do not have time to learn how to trade and do it that way, then you shouldn't really do it at all. Just because you lack the time, asking for signal means that you want to quickly lose your money instead of spending time on learning it. I understand that some people may not have too much time, I do not have much neither, and I totally understand it, but that doesn't mean that asking for it makes any sense, it just doesn't make any sense at all.

You should end up doing whatever you can in order to just learn it, and if you can't then do not do it at all. Signal is not the alternative, it is the bad version and it will make you lose money over course of a period of time, it just doesn't make sense.

Quote from: Ziskinberg on May 08, 2023, 10:56:20 AM

Just continue doing of what you think is right. As long as you can manage your investment and won't affect negatively your studies, that is still okay. In fact, it was a stepping stone to helping your family out of poverty and being able to provide for yourselves. Might some people think it was hard but it was not impossible when you really wanted to do something that would change your life.
But I have to remind you also not to put all of your savings into crypto and must remember that it was not legal yet in your country. And aside from that, you must keep some for possible emergencies so you don't need to ask for your parents.

I agree that if it is taking up time from your studies then it is bad, studying and graduating is important if you actually do care about the field you study. I personally did, but I know only a few people in all of my class did, and after we graduated they all did a different job, if you are like that then maybe instead of just graduating without having a thing to show for, you could instead just switch majors and try to find something you could actually do.

I believe that studying for 4 years without having anything to show for in the end is futile. Crypto is not like that, if you could buy and hold until you graduate, even if you do nothing else, you could definitely have some profits by the end and that will help you start your life much better with some money.

Quote from: BobK71 on May 08, 2023, 05:24:29 AM

In any cricket series continuous win is not impossible. There has been a lot of criticism about Pakistan cricket since the Pakistan T20 series has been drawn. In view of that, their major changes have been noticed in the ODI series. They have won the series on the one hand by winning four matches and on the other they are now in the top position in international cricket. Yesterday if the New Zealand team lost the match, it would have been a big shame for them, but by winning the last match, they would be relieved of that situation.

In sports everything is possible but as we have recently few things about Pakistan we can expect results like these specially when we have 4 - 0 then we can expect performance like this from winning team, but sad part is now just after 46 hours Pakistan is third ranked team in ICC which is surely needed to be clarified from them because they were aware about this all but still give performance like this.

New Zealand done good job in throughout the series as they were here with their reserve players but still have T20i series draw and at the end ODI series lost but at high note good results from few youngsters as well which can help them for their preparations for the ODI world cup which is also going to be played in India after five months.

Quote from: jrrsparkles on May 04, 2023, 12:42:07 PM

4 trades at once is not that much but the tolerance level varies from one to another so if someone can't able to manage 4 trades at once in day trading then they can go for two and analyse they made profits or loss with the basic changes.

I will not recommend to different types of trading like futures and options, binary these are not really trading more of gambling so sticking with spot trading will reduce the risk to low.

Definitely not, back when I first got into trading and wanted to learn how to be better, I did as much as 50-60 trades per day, some of them profit, some of them losses but at least I was learning, the more I did the more I learned, both from the profits and also the losses as well, I learned more from the losses than I learned from the profits. However, there is one thing that I need to make sure, which is the fact that we are talking about something that takes a while and that should not be easy.

I personally hope that the best thing about crypto is that you could trade as little or as high as you want, and that would be your personal option. Do not limit yourself like OP says of course, but do not force yourself to trade more neither, if 4 is a lot, then it is a lot, no need to force it.

Quote from: Hamphser on May 04, 2023, 12:46:11 PM

You got it right!

How long or how many winning trades you would be considering that you would really be following until you do bust up a huge capital of yours? Its really that easy to claim that you are really that profitable yet its very common about verbal things which you could actually see around here on this space on which we do really have those trading gurus and professionals who would really be having those offerings.
Follow their trades and on the time that you would be ending up on having profits then you would be giving some % which it is really just that a common approach but if not or something that you
would be having lots of losing trades then this someone wont really be liable on anything.

This is why having your own trades is much more better rather than on following someone when it comes to trading tips and analysis.You rather trade on your own than on following someone.

There is literally such a simple trick, just give a certain amount of money to an escrow here, then keep telling people whatever you want them to trade, if they share that they actually did trade what Op told them to trade, then they share it here with the escrow, if they make a profit then they share some money with the OP, if not then Op can stop sharing, and traders will lose a chance to make more money, if they lose money however, escrow will give at least some part of the loss back.

So if 50% of the profits then 50% of the losses as well, that's it, simple really. This shouldn't be any hard, if OP really trusts themselves as a good trader then I would definitely consider that as a good thing to at least risk some of their money for this as well. But we all know obviously they won't, because they are a terrible trader.

Quote from: LogitechMouse on May 04, 2023, 12:48:39 PM

Overall, I think you're helping your friend, and you are sharing many information already. As for the part where you are saying if you are right or wrong, like I said you did your part already, so I guess there's nothing wrong with that. As long as you shared the information needed, you shared the risks involved in trading, and you already told that he might loss all of his money at the start, then you did the right thing. Like you said, he's very persistent to do trading. Let him trade, and let him decide after getting some experience.

Legally speaking if you do not tell people to buy something, if you just show them how to do something they asked you to, then you will not be responsible for it. If they end up losing money and blame you, that is just blame, at the worst case you will lose a person in your life, but if you are worried about that too much then don't do it at all, if you are not worried about some blame, then know that it is not going to end up with any trouble at all, it should be a decent situation.

I hope that it will do as well as the friend hoped for, but if it goes south then there won't be any issues, at least not legally speaking and it will not be a trouble. I personally helped a few friends, and they did lose money, but they knew what they were getting into so they understood it had nothing to do with me.

Quote from: lixer on May 03, 2023, 02:48:03 PM

The month didn't start very well with Bitcoin price falling from $29k to $27k within two days and is still dropping in value by this time, this clearly shows that the correction is still stagnant and we can see lower prices this month. I was thinking that the least we might see will be $25k but from the look of the price right now, I think that's not going to be the case.

If it continues like this, the price will touch $20k in May and may rise back to $30k within the same month if there are huge buybacks and buying pressure when it touches lower areas, there will also be a lot of panic selling for sure.

It is above 29k right now, it was about 29k give or take, just a few hundred dollars drop is nothing, even 1k drop is nothing in crypto, that is a tiny amount. Price could change so much drastically and shouldn't really be something you should feel worried about. Just know that this is not going to make you rich suddenly, and not going to make you poor suddenly neither, it is just doing stagnant regular movements and that is the normal version of the market.

Sometimes there are volatile periods when it goes up a lot and during those days you could see bitcoin move 10% higher or 10% lower and that would be understandable, there is nothing that could change at the moment and it will continue to be a lot worse than that, its going to be a terrible period.

Quote from: 19Nov16 on May 04, 2023, 02:14:45 PM

Looking at the current market situation of course I have no doubt that the $60k price will be reached soon, the problem is what are our preparations before the $60k price occurs, of course the best thing is to keep buying and don't panic when the price drops.

Soon is a bit difficult if you ask me, but depends on what you mean by soon. If you mean soon as in a few months, like before summer ends, then I would guess that it may not happen, it feels like it would take a while before that could happen. But if you mean that 2024 would be the year we will see above ATH again, then I would agree with you.

I think 60k may or may not happen this year but if it happens then it will most likely be q4, we are nowhere near that right now, we failed to stay above 30k recently, something that failed to stay above 30k last month, can't become 60k that early, it will definitely take some time. I hope that it does better in the future, and I would love to see that work, but that doesn't mean that it will happen. But since I trust it will happen eventually, I will feel alright about it.