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2181  Economy / Trading Discussion / Re: Scalping, my best trading strategy on: December 13, 2022, 05:58:20 PM
Scalping must be absolutely correct in the right entry, and really don't forget to always put a stop loss and take profit when scalping. For those who are very experienced, maybe the scalping method will look easier, but I don't think it is for beginners, and even a lot has to be learned in applying this scalping method. Psychological calm must be in good condition, also our mentality must be much more prepared.
Trading with any strategy always carries risks regardless of whether they are experienced or not. No one can escape the risk of volatility but a knowledgeable and experienced trader is always likely to know how to minimize the risk.

In fact, scalping also carries a high risk of losing money, especially when traders do not have good emotional management when dealing with price volatility. The market is never stable, without good analysis and knowledge and a mastered strategy, they are gamblers. Once again, any trading strategy has risks, but these risks can be minimized when traders have knowledge and experience.
Yeah, risks are inevitable but let's admit it that it's better to use different strategies in trading than only sticking into one. This allows us to stay consistent when trading no matter what the conditions on the market are. Experienced traders are more knowledgeable but this can make their ego go higher. They may also use larger amounts of money within their trades so I won't say that their risk are only small.

Even we all have those positive traits you mentioned above, I think we can't erase the fact that we are still gamblers because the market can still move on their own most of the times. There is no way to predict them accurately.
2182  Alternate cryptocurrencies / Altcoin Discussion / Re: Why The Goverment try to centralize Crypto Be CDBC? on: December 13, 2022, 04:48:22 PM
However, I think someday will might be force to used CDBC though, specially if this is going to be mandated by our government. I mean I'm seeing it as the only "currency" we can used if we want to transact to government agencies. And if it is treated as regular fiat then I guess there's nothing wrong with it. Of course, we still be very cautious of it's usage as as I have said, they can simply monitor us with their CDBC's.
It wouldn't be that different from the current banking systems regarding of privacy. I mean it will be more cost efficient, faster and as a standard, it can be easier to implement to everything. And it would make some current third party payment systems irrelevant. Monitoring is only one reason for it. They are already monitoring money transactions and privacy or pseudonymity on those is pretty much gone with physical cash money going next.
I am guessing that it would be even further ahead in the banking system world, because in the banking system you could still "hide" some stuff, like show as if you have a loan from a bank, when in reality someone else deposited laundered money for you, and basically you are using bank as a front.

You think that might be low chance but Deusche bank or something like that did this in tens of billions levels. Russian mafia used banks to put their money into it and then paid out big names in the world with loans that is not needed to be paid back. Such as Trump for example, took out a loan, and didn't pay it back, because it was basically given to him in a disguise.
2183  Alternate cryptocurrencies / Altcoin Discussion / Re: NFT ?? What do you think about it ? ? ? on: December 13, 2022, 06:02:33 AM
I believe the NFT market is only part of the Hype or certain momentum from existing events.
I see no more value than functional NFT. may be different from the opinion of people who understand art. but in the NFT market, you can see a lot of NFT works that are sold quite expensive, and sorry, it's better to invest in Bitcoin or other altcoins for me.

the NFT market is highly dependent on momentum. like when the Hype of the game project, they released the NFT which is also being hunted in the market. this seems to be related. but for NFTs that don't have clear projects and sell at high prices, that's confusing to me.
The latest momentum today is the world cup. NFT players and all the attributes related to the current world cup are crowded. I don't think this is a good investment. but the NFT market is still alive and has its fans.
It is true that we are not going to really see something huge for a long time, it is obvious that we are not going to end up with a big NFT world in the near future, it's true. However, that doesn't mean that we are not going to end up with something that is at least a bit revolving around NFT in some corner of the world neither.

I believe that NFT will keep being something that people care about for a while, not all people but some people and some of those people will have some money as well and eventually all these people will get together and use that money to buy NFT's and there will be a market for it. There is no doubt that this is a big possibility.
2184  Economy / Speculation / Re: You sure bitcoin/crypto isn't losing popularity to sustain whopping 16K coins? on: December 12, 2022, 09:56:23 PM
It depends on the belief of the person why a person will go into crypto.
For most crypto users here, we do highly believe that it is only a matter of time before we see it rising again.
For some who are outside crypto, they don't want to invest on this market because of too much negative criticisms towards this market.
However, no one is oblige to put their funds on this market. Should be on his own free will because this is an open market.
Anyone can get a hold of crypto if they want to, but they should know the risks involve. This is why one should educate himself on what he is getting into.
It is not about popularity why btc is below 20k, but it is owed to news like the FTX failure that contributed to such decline in price.
One thing is for sure, not everyone thinks that bitcoin is good just because of its price. I would be using t if it is 100 dollars, or if it is 100k dollars. This means that it is not about the price for me at all.

However, even for people like me when the price drops too significantly, that means bad for business and less people around, back when it was 100 dollars there weren't many people around, I was feeling a bit lonely with just a few thousand people that can be found online, but now there are tens of millions of people who use it, so that is a good period and that is why price going up is not just good for investment but good for business too.
2185  Economy / Gambling discussion / Re: 2023 NBA Season on: December 12, 2022, 09:38:02 PM
Last year there was a close MVP race between him Jokic and Giannis. One advantage Jokic has is that he remains consistent while Joel went down and got injured and so he didn't win the Award. But if he continues his performance like this and not be injured, I think he has a high chance to win this year no doubt.

He has a good supporting cast as well, lead by Harden and the Melton and Milton and Tobias Harris.

Gonna be a good Eastern showdown as who will be the team to beat with the Bucks (although they lost) and the Celtics as well.
Interesting thing Jokic is that people got used to him, I mean sure he can score decently, and he rebounds a bit like a centre should, but he passes so well and the games go through him, that was a new thing, a brand new type of "point centre" basically, he was the best, not the first of course, like Pau Gasol for example was one of the best passing big men we have seen, but at MVP level?

Jokic was the first ever. That is why I believe that he got some good votes, but people are used to him so they are not going to really vote for him too much this year. People are wanting to see something new, and if Doncic could get his team into at least 6th seed, I feel like he would get it for sure.
2186  Bitcoin / Bitcoin Discussion / Re: Was Bitcoin project a failure after all ? on: December 12, 2022, 09:17:42 PM
It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
People like you are overreacting as always. I keep saying this all the time and I am sick and tired of it. Bitcoin is not what you want it to be, or what someone aimed to be, bitcoin is how we use it, and whatever way we all see it fit, then that is the way.

If you want it to be a currency and everyone uses it as investment, then it is an investment and not a currency, if you want to invest but it is a currency then it is a currency. I personally find it amazing and that's enough for me, just be "amazing" and that's it. It's clear that not many people see it that way and want it to do what they want it to do and that's not going to be the case.
2187  Bitcoin / Bitcoin Discussion / Re: Bitcoin Bloody Year 2022 coming to End on: December 12, 2022, 08:18:36 PM
Of course Bitcoin bloody year is coming to end and that was very disaster because this was Bear market and also I think that in 2023 Bitcoin will go more down and I think that it might gi below 12000 dollars because this is bear market.
There are new types of Scams like Terra Luna scam that made market crash. And also still FTX Scam aor crash was much more bigger. Some reports are saying that there might be a movie Sam Bankman-Fried, showing his True life story.
Honestly I am even shocked that it took this long. I was expecting it to be ending a lot earlier than right now. It's fine though, maybe it didn't end that quickly but it is ending and that is what matters. This year as a whole from start to finish has been a whole bear run, and I have zero belief that it will continue to be like that in 2023 as well.

I am pretty sure that it's going to end up going a lot higher eventually somewhere in this year, that would make a lot more sense. I am not saying right at January, maybe it will take before summer, or even after summer but I am sure that eventually it will happen and that will make a lot more sense.
2188  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: December 11, 2022, 04:36:34 PM
Enjoying these series is just a waste of time. It was a completely one-sided series. West Indies should have organized the Test series against Bangladesh. They should not play Tests against big teams like Australia or England. I would have been happy if West Indies had organized a 5-match T20 series against Australia. Because West Indies are still strong enough in T20 series and they can win against Australia too. ICC should not organize such one-sided series. As a result, the general audience will lose interest in cricket.
Agreed about this all with you because I also feel series like this is waste of time, money and energy specially if you are not going to have any positive impact in long run as well West Indies is completely crap side in test format, and they can't do things for positive change because they are now having the worst things around them with no hope of better future just ODI and t20 can give them better results and better way of stay into this game of cricket.

All team bowled out on 77 with match ended with the heaviest defeat and no batsman able to cross highest run by Chanderpaul in second inning what a batting by the former kings of cricket here in Adelaide most of the time stadium was empty as peoples are also feeling nothing entertaining going to happen which is also really poor hopefully ICC and WICB will do things for the improvement of their quality in near future.
2189  Economy / Trading Discussion / Re: Crypto exchanges charging for inactive accounts . Do you support this ? on: December 11, 2022, 10:03:03 AM
It would be okay if that exchange can ensure that the assets of their clients are 100% secure if there is ever hacking or others that are not expected to happen.
Keeping our funds secured against hack or any other attempts is their basic responsibilities but charging us for unnecessary reasons cannot be an excuse for fulfilling one of their main responsibility. When they are not generating enough income from trading fees or listing fees, I guess they are not fit to run an exchange business.

Personally, I am against these charges and it affects the rate of crypto adoption. It discourages people from starting to use crypto. What is your opinion about this practice ?
Yeah, but these days crypto beginners have lots of options to get into adapting cryptocurrencies hence one or two exchanges having such practice in my opinion may not have any deep impact on the rate of adaption of cryptocurrencies.
2190  Bitcoin / Bitcoin Discussion / Re: Banks do not want bitcoin to become popular on: December 10, 2022, 04:33:21 PM
Standard Chartered bank's predictions of Bitcoin plugging down to $5,000 is still a fair prediction unlike other banks or financial institutions who constantly predict Bitcoin crashing to $0 and some even call Bitcoin a bubble that is about to burst.
To many others bitcoin has died many times but yet we are still here and bitcoin is getting stronger and gaining more plurality day by day. So am not surprised about this statement this is what we are already used to.
$5k is unfair still there's some even forum members who predicted btc at $3k but I don't think they are a btc hater. They are just telling what they think they can happen according to their analysis. We shouldn't be angry whenever we see such predictions but we should be open minded and face the reality that anything can happen in btc including harder dips and not just hard pumps.

This is for us to prepare ourselves. When those event came in, we do not worry or panic anymore but we will only be calm and buy more coins. Those who claim that btc is a bubble and can burst are right but unlike any other bubbles out there, btc is unique because its value always recovers.
2191  Economy / Trading Discussion / Re: Demo Account, Should Not Be Related To A Real Account on: December 10, 2022, 01:41:22 PM
when they feel or think they're good with trading on a virtual account, might take the bold step of funding a real account with now a changed psychology and totally different mindset and emotions, yet still make great losses when trading real accounts
This is an usual complaint about demo accounts, but when you are not ready to comply with the reality of switch over then you may not be fit for the process of trading environments. I mean even in real market conditions, your emotions need to work differently for different days; I mean there cannot be same set of mental capability for trading all the days across years hence applications of demo accounts cannot be ignore just because of failing in emotional switch over.

why do you think people still start making losses on real accounts after long time trading demo successfully
You need to accept the real facts of trading environment that you might be facing losses in the demo mode and even experienced traders in real trading must be facing losses the time to time. So, losses in real accounts in beginning days is inevitable; you must keep your capital low and should be keen on learning lessons out of own experiences.
2192  Economy / Trading Discussion / Re: Crypto Day Trading on: December 10, 2022, 11:51:54 AM
You are like me ending up burning over $1K but now I decided to stop until I can control my greed and fear because the emotion is number one enemy when it comes to trading.

and when comes to predicting the market it takes time and patient and no need to rush or FOMO or ending up burning more of your money.

Little piece of advice. Trade on spot and using your analytic, or trade dummy using https://testnet.binancefuture.com/en/futures/BTCUSDT until you are confident enough although personally, I'm not recommending the futures one.
What you did there of stopping for a while is a good idea because if you didn't do that then you might be losing more than 1k dollars. Not just in trading but also in investing and gambling, being emotional is the number one enemy. When you are in profit, you will feel greedy and you will continue up to the point that your profits are turning into losses.

Predicting is something that is hard to do no matter what practice you are doing. There will always be times that your prediction will fail but you should accept it as losing is part of this game. Futures trade is risky so if we are a starter we should start with the easier one. It can be spot trading.
2193  Alternate cryptocurrencies / Altcoin Discussion / Re: Too good to be true? on: December 10, 2022, 07:23:31 AM
very likely. but of course I haven't felt that way  Grin
someone who invested in crypto 10 years ago would definitely feel this way. for example if you invested $100 in doge or shiba before these altcoins became famous it could make you a very rich man.
Nothing is impossible in the cryptocurrency space, but it also has to be accompanied by luck in my opinion. Because it won't be easy to do, especially if we know which coins have the potential to be like that. The analysis that we do must be really mature and also keep in mind that it doesn't always give us an advantage.
Doge or Shiba are examples that we can see, now it is possible that we will find coins like that again, but it will be very difficult to find them.
The percentage is unknown that’s the problem. Like you can analyse something and that is very important, but you also need to get a bit lucky as well that’s important, but I have absolutely no idea how much important both of them are, I am sure one is more important the other but that changes all the time.

Like if you did analysis on ETH then you would be doing the right thing, less luck required, but people who bought doge before it took off? That was pure luck if you ask me, nobody saw that coming and no analysis showed it. So, in some situations it is more important to study and research, and in some cases it is more important to be just purely lucky.
2194  Alternate cryptocurrencies / Altcoin Discussion / Re: What will you do in this case? on: December 10, 2022, 05:31:40 AM
A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?
Why replace it with other altcoins, look at the price of Bitcoin it's cheap right now, dump these altcoins and buy Bitcoin, altcoins come and go but Bitcoin always bounces back, since FTX and Alameda are two of its biggest investors expect a dump to happen, there's always a domino effect when a project shutdown, all of his associates and projects that involved on it will also suffer.

The two altcoins you mentioned are still doing good but for how long when the investigation goes deep expect bad things to happen, they will liquidate and the price will crash, so you have to take action when you have the time
That is true, I do believe that while we have bitcoin this low, it is a lot better to buy bitcoin and hold it. Obviously, you could sell it later on when it peaks, and you could put some of that into alts, but this should be done after bitcoin reaches like 10x levels first, before that it is useless.

I know it is not going to be easy for everyone to do such a thing, most people either take too much of a big risk, or they take no risk at all. However, altcoins are futile risk right now when the reward at bitcoin is equally big and less risky, why take more risk for the same amount of return? That is why nearly all my money is in btc, and the only other big ones are eth and bnb, number 2 and 3 respectively.
2195  Economy / Trading Discussion / Re: My advice If you are here to make money on: December 09, 2022, 11:25:12 AM
Keep your focus on how to make money.
Dont try to predict Market too much.
When you cannot predict the direction of market, how you could make money? I mean you need the clear idea about where market is heading and without that you cannot make money hence being conscious about market direction is recommended but not sure why you are asking to focus on making profit by not bothering about the market sentiment.

Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.
You keep repeating about bitcoin negatively but you never mention about what contracts you are trading in futures. If you find BTC market is slow in crypto space, I am afraid that you may not find any other asset suitable for futures trading as in my opinion bitcoin market alone is too volatile compared to any other cryptocurrencies.
2196  Economy / Trading Discussion / Re: Trading and investing,and still very broke.why?Is it spiritual? on: December 09, 2022, 10:18:23 AM
I sit-down to wonder why traders who are consistent in trading and also investing still remain very broke despite the effort they put to erradicating poverty,but it still seems like there is some sort of unforseen and spiritual forces controlling the physical.
How do you say this? Generalizing just from your own experiences or by watching one or two friend's scenario also not enough to conclude anything against trading. You mention about consistent in trading which is subjective unless otherwise you refer long term trading. Similarly investing for years to decades also got very little chances to be failed in the case of right assets. So, eradicating poverty is possible by investments and for that I could be one of proven example.

Or should it be foundational curse from the forefathers affecting the present circumstances?or is it that the poverty is inherited? Or is it a gene or chromosome?.These are questions that that I tend to ask.
Nothing is impossible everywhere; simply leave off all these reasons. If you believe just fundamental and technical analysis are enough to make profits in trading and investments then I would say there is another factor which is luck and you can hit your luck if your patience enough at least 99.9% of times. So, include the time factor also in your trading. All short term things may fail but fundamentally strong assets in long term will get you assured profits.
2197  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your opinion on the future of Decentralised exchanges on: December 08, 2022, 07:26:30 PM
Centralised exchanges are not only useful for converting crypto to fiat. CEX offers margin trading, which DEX does not yet have and probably will not in the near future. This is probably the only difficulty for DEX at the moment. If it were implemented, many people would probably give up on CEX.
I think dex could offer margin trading as well, it would be difficult but not impossible. How could it be done? Well, simply you would be putting up a margin trading on a dex with betting mindset, and there would be people who loan out that money simply, and then if the price goes wrong direction even a bit, you would lose all your money, and the winner would pay the loaner and then the rest of it would be their profit, so even a 1% drop would make you get the whole money from the opposite side, and that is how it is done at CEX anyway, they just provide the risk factor, someone else just like liquidity provider at dex would end up doing it.
2198  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can we see a huge rise in the price of Dogecoin ? on: December 08, 2022, 04:26:42 PM
I think I’ve officially changed my tune on Doge coin. I never took Doge that seriously in the past because of its origins as a meme coin. However, when the richest man in the world supports a coin and has consistently been championing it I have been reconsidering.

I’ve been following Doge now and am definitely looking for a good entry point. I have some fiat and I think I’m going to diversify and pick some up. I have to admit at the end of the day Musk’s endorsement means a lot to me.
You are a bit too late if you are going to start caring about it now because of Elon, I mean he showed interest a year or so ago, and even before that, but now he hasn't shown any interest in it for a long time.

In fact, dude is interested in twitter so much that I am not even sure if Tesla or SpaceX is getting the same amount of attention. Obviously "he" owns twitter, not a huge group, whereas he owns only a part of Tesla and that could be the reason. All in all there is nothing on his plate about dogecoin at all, we should not be expecting him to pump it up. And that is the main problem isn't it? Investing into something with hopes that someone famous would tweet about it.
2199  Economy / Speculation / Re: Will Bitcoin Price Hit $23,000 in Q1 2023? on: December 08, 2022, 08:59:21 AM
I sure opportunity for rising in 2023, even I'm sure Q1 in 2023 can touch $ 25K, now is the time to continue to buy before the price is more expensive, don't panic if the price drops again, this is a good opportunity to continue to buy.
Not many people agree with that I am afraid. Look at the market and the recent small drop, do you think that if people believed price would have gone up they would end up doing it again?

Of course not, they would be buying right now and not selling so that means if the prices are even slightly down, they do not believe that it is going to go up. Obviously there could be some people who do, and they are buying, but if the price is going down that means more people sell than buy, so more people are not seeing it go up. If they see price hitting 23k in Q1 and yet still selling right now to buy later to make a profit in the middle, that would be the riskiest move of all time.
2200  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Destroy Crap Altcoins? on: December 07, 2022, 07:49:43 PM
The answer is just very clear, Bitcoin is quite different from altcoins and they will operating independently, but the ones that could be destroyed by the existence of Bitcoin are those coins without utility, basically the next bull run is going to be the utility tokens bull run, they are the tokens to survive. Therefore some altcoin will be there with Bitcoin.
There will always be trader interest in buying and investing in altcoin, not just bitcoin. I'm not going to be mad when someone believes altcoin can bring them profit, but they shouldn't ignore bitcoin.

Bitcoin is an asset that has more uses than most altcoin. Bitcoin is a currency, an asset store of value, an investment and trading asset, and that's the point that makes bitcoin great compared to altcoin. While altcoin support bitcoin's presence in the market, they are useful to the industry so that people have a choice.
The main problem is that most of the time we see altcoins getting that money from bitcoin and that causes the stress. When people realize that bitcoin went up way too much for a period, they stop investing into it knowing that they can't make too much more profit from it, and then invest into alts because they can make a lot more profit there.

I have seen people make as much as 1000x profit on some alts, not common of course but I have seen it happen, not gonna see that on bitcoin. But at the same time I have seen x100 more people lose all their money on alts, and never gonna see that happen at bitcoin. If people are aware of the risks, then it's fine, but gotta be ready to take that risk.
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