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261  Economy / Economics / Re: Taxless society idea on: November 26, 2019, 02:36:14 AM
I think it is impossible, for taxes are lifeblood of the socuety. It is a means for the government to carry out their functions so it is necessary for the existence of the government. Without it, the government cannot continue, as it need to pay expenses too. What can a lifeless government do? I think it will also affect us. Though taxes are often corrupted or use in personal gain, I think it is not ideal to remove taxes. Maybe better to reduce it.

It's not the tax that needs to be looked into but the people in power utilizing the taxes that people are paying for. It's obvious that we can't go taxless. It's logical of course. What needs to be done is to have people up there who can take their personal agendas behind them and think of what's good for the people paying tax. That's the hard part of it. These people who are supposed to be responsible for making any community or country better, almost always think of getting their share of the money.
262  Economy / Economics / Re: Top Three Emotions to Check to Succeed! on: November 25, 2019, 04:16:17 PM
Most often, we fail because of our emotions.

When emotions get the better of us, our reason is going to be blinded. When sound reason is blinded by emotions, expect things to end up exactly the way we do not want.

And so here are the top three emotions we should learn to check always.

GREED- It is always best to sell at the highest price and buy at the lowest. But that is very hard to achieve. So stick to your TA or target selling price and be contented with your profit. Greedy people would always adjust their sell order price when they see the green candles continuously rising. Their ask price gets higher and higher until it is not filled anymore. The price then begins to go down low. The greedy person waits for it to rise back to take back the lost potential profit. And you know how this will end. The lost potential profit balloons until no profit is to be taken. In trying to gain every cent or sat, nothing is gained at all. This is also true to setting buy order.

FEAR- Never sell or buy out of fear. A lot of fearful people buy during the bull run, fearing of missing out or FOMO. What usually happens is that the price will correct or retrace after a bull run. Here comes the fearful, just got FOMOed, fearing again of losing big or even thinking his coin is going to die. The ending is obvious. While he tries to be positive and wait for a little while, he is already shaking. He ends up deciding to sell at a much lower price, losing big. And by the time the correction is through and another long green is about to take place, he gets FOMOed again. This is going to become a cycle until enlightenment comes.  Grin

CONFIDENCE- Too much confidence will definitely kill you. We have to remember that despite our brilliance in analyzing charts, the prices of cryptocurrencies remain highly unpredictable. Sometimes, or perhaps oftentimes, even expert traders differ greatly in their Technical Analyses (TA). Moreover, even if we have a good source of still-to-be-released news, we cannot fully expect that the prices will always follow. FUDs may not cause a red. Good news may not result in green either.



Admittedly, I am also struggling. But I guess we really need to control them. What do you think?


Our emotions plays a vital role on our decision making. It affects our mindset and sometimes mess up our plans. It is very important for an investor to manage his emotion and be the one controlling it and not be the one being controlled by it. Greed should handled much more than anything, you can be put in a lot of danger if you would let it conquer your mind. Fear and confidence can be improved, as long as you are able to confront your fears, your confidence will rise up but based on what you just said, too much confidence is harmful so make sure it is under a strong foundation before being too confident on something.

Well these three are pretty much connected to each other, with greed basically summing it up. Overcoming greed can help a lot in controlling the two other emotions that was indicated and it also lowers expectations about results. It would also steer  a trader away from spending unnecessarily whether they win or lose a trade.
263  Economy / Economics / Re: You want to get rich, don’t pay taxes, don’t get married, don’t use bank, and... on: November 25, 2019, 01:26:05 PM
Don’t pay taxes: govt love taxes! It make them super super wealthy and make you super super poor, govt don’t care if you starve to dead tomorrow, that’s your own fault to be basement dweller, govt rather spam their tweeter with non sense China FUD.
I don't really know what you suggest. Are you implying to just earn cryptocurrency to avoid tax or just avoid tax in general? The major consequence that I can think of is facing legal charges. Tax helps the country in some ways don't you think. The road and other public facilities that you enjoyed using along with security and health are all from the people's purses.
Don’t get married: get a traditional marriage and get a nasty divorce, your wealth immediately split into half! It is no brainier why marriage is a trap in the modern lifestyle, and your lawyers won’t help you to get rid of divorce, you’re doomed! We know Jeff Bezos can buy the best lawyers on the planet to fight for his rights, yet the status quo court decide to prejudice all is his fault to get into marriage at the first place, you horny you pay the biggest price! This is justice! Smiley
I find this funny.
Don’t use bank: Why! We all know bank is a very good investment! You get zero risk while you get a stable fixed deposit income! But why don’t use bank? Because we’re all fooled! We getting so poor today all due to bank! It’s bank fault! We’re all in huge debt!
With the presence of cryptocurrency then it is possible but not totally. I use bank because of necessity but if not then I would appreciate my funds in cryptocurrency.
Don’t invest: Banker love to sell snake oil investment advice! Of course it’s full of moral values to be a decent human being, get a job, get married and invest in well diversified portfolio! Because business create value, we invest in business, and it is the only “real” economy, people who invest into anything else is not investing into real economy! Fuck it! Business itself is a virtual existence, it is an illusion, nobody can touch business, and it can create a lot of value today, by tomorrow it would be just gone and disappeared into abyss! Who the hell buy into this snake oil advice “business is the only real economy” is too dumb to be get rich. Smiley
If you've got a really nice idea for business then it is worth taking the risks for just like in the cryptoworld where risks is everywhere and here we are. Rich families all around the world have businesses right and with money comes power and influence along with fame.


Well most of the suggestions aren't really appliccable. Don't get a job. Even if you don't and you run your own business, you would still be paying taxes. Professionals pay taxes, businessmen pay taxes, sportsmen pay taxes. Not all people can afford to have families to fund their living. I'm pretty sure there's going to be some tax on crypto in the near future. The government won't  let you escape as long as you're making money.
264  Economy / Economics / Re: Why Are Women Slowly Leaning On To Crypto Trade? on: November 25, 2019, 12:20:32 PM
I think the reason is more than prosaic.
100 years ago, women had significantly less rights than men, and 100 years ago they could not be distinguished from slaves by the number of rights.

However, now women are becoming more equal with men, but so far too little time has passed since the oppression of women by men.
Thanks to modern technology and the general humanistic trend of equal rights around the world, we will soon see modern women in no way inferior to men.

And trading doesn't need any gender specific trait to be interesting. I mean, first we can't gather specific information or figures as to how much of the crypto community are female. Second, does it even matter? We don't know satoshi nakamoto, he could very well be a woman as well. A lot of women are trading in the stockmarket and forex so i think there's no big deal if the same goes with crypto.
265  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Ups and Downs over the last 10 years on: November 25, 2019, 06:04:24 AM
For me, 2017 was the most mentionable regarding this platform, when the price was high then it was like a dream for me, like me, Nobody couldn't expect such type of price because of the price was increasing within a very short time, Though at that time I hadn't enough Bitcoin whatever the case was I enjoyed a lot at time. but it's very surprising that Bitcoin price didn't touch that milestone yet, Day by day Bitcoin price is not becoming a stable rather than volatile, I hope this problem will be solved in the coming days and I will get another rememberable day for this platform.

Well i don't find it surprising that btc is struggling to even sustain half 2017's value. What happened then was not exactly natural for any market movement and it's bound for an extended recoil because of that. The fact that we've managed to hit 10k this year would be something to be thankful already, i think since 2019 could have been a lot worse.
266  Bitcoin / Bitcoin Discussion / Re: Crypto Currencies VS local law policies on: November 25, 2019, 03:54:16 AM
There will always be governments who'll be afraid of something they don't fully understand. And we probably have some ways to go before a middle ground can be achieved completely. I think majority of the people still thinks crypto is something that's just used for illegal transactions, black market and scams. This will change in time with more information and proper understanding.
267  Bitcoin / Bitcoin Discussion / Re: It’s dying for the 378th time, so when’s the 379th? on: November 24, 2019, 08:58:39 AM
A lot of us here are not even making a big deal out of that anymore. You're right, it's died too many times that we've gotten used to the process of it dying and waking back up. The only time you lose is when you start to believe that it's really the end for bitcoin. The process continues and it probably will until the whole thing stabilizes or fluctuates much less like fiat.
268  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Cryptocurrency market continues to blood shed on: November 24, 2019, 05:44:21 AM
The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.
In order for the market to recover, a lot of new capital is needed because most of the old investors are feeling desperate at this time and they can easily panic sell if the psychology is not good. In my opinion the red color will last for at least another 2 years and you should accept this fact. For now, don't expect too much of the crypto market and wait patiently for another period.

That's why people are saying capital for crypto investment are must not from money that you will needed because they will panic and sell their assets with loss when they experienced big drop like this. I'm sure the price will recover but not in near future, if they can hold a little bit longer (only for bitcoin) i'm sure they will take the good result with profits because the potential growth of bitcoin in the upcoming years are big.

No I don't think old investors succumb to panic anymore. What's going on right now is part of a process that just repeats itself over time. We've already hit sub 4k bridging the end of 2018 and the start o this year. I don't think we should be afraid of a 7 or 6k dump. The market recovers whether you believe it or not and it has proven that it does in the past. A bloody market just gives you a chance to consider adding some bits to your stash.
269  Economy / Speculation / Re: Predict Bitcoin! on: November 24, 2019, 04:46:23 AM
As you known,the price of Bitcoin have been reached up 12K$ in June.
And with your experience, could you share the opinion about the price of Bitcoin in November or 2019Y?
I think it is 9K in this month and reach 10K in last month of this year  Grin Grin Grin
your totally wrong because its been on the market record now that bitcoin drops to $6,000 level though bounced back again to $7k.

maybe what we need to predict now is the price of Bitcoin on December because its approaching near now.
The price of bitcoin today is still falling and if this is not ruled out I think the bitcoin price could be stable in the 7,000 $ to 8,000 price range. And by the first month of the year 2020 we will see the price of bitcoin rise again.
A lot of possibility is happening especially now that there is no solid analysis of what is likely to happen in bitcoin price next year.
i think we are stable at 7k$ for now but hoping to at least leveled to $9k before end of the 2019.

That's the thing with predicting Bitcoin price. There's no way we can do it. What we can do is speculate and a lot of people seem to have a good time making speculations based on anything under the sun. The way I see it, the market this year has been good to us even if we drop to the 6k levels. That's almost double the price of bitcoin when this year started so I'm not complaining at all.
270  Economy / Speculation / Re: How much can bitcoin cost in Future. on: November 23, 2019, 07:58:47 AM
It's anybody's guess. Even now we're seeing a lot of people putting in their own predictions. Some seem very gloomy about bitcoin's future, while other seem overly confident that it'll make them rich if they held a significant amount. I think this is one thing that we can't answer for sure. It could go upwards like the optimists perceive or it could go the other way around. I'd like to be pretty conservative with my expectations.
271  Economy / Speculation / Re: No need to PANIC! on: November 23, 2019, 05:18:52 AM
For someone who've had to go through the entire 2018 season and early 2019, a drop to 7k shouldn't be that daunting. Come on, we've had worse. And we know that this is only temporary and there will come a time to recover. Unless of course, you bought bitcoin for short term profit this month. That would cause concern of course since there's a chance that a sub 7k price won't be the end of this correction.
272  Bitcoin / Bitcoin Discussion / Re: Did China really crash Bitcoin again? on: November 23, 2019, 04:05:04 AM
Lol. China always gets the blame for anything bad that's happening to BTC. Does the Chinese have that much influence over this market? I don't think so. Of course with how large the Chinese market is, it can have an effect. But not to the extent to crash the price. And I don't think this is a crash at all anyways. We've stayed for quite a while above the 9k mark and I was expecting a downward trend like this. We're giving China too much credit here lol.
273  Bitcoin / Bitcoin Discussion / Re: 22nd November 2009. Satoshi created a forum called "Bitcointalk". 10 Years ago. on: November 23, 2019, 03:03:22 AM
I've been here quite a while now and I'm not aware that it was Satoshi himself who started this. Anyways, cheers for getting this long. It's gone a long way since the first time I've come across the forums. And a lot has happened already. Happy to say that I've learned a big chuck of what I know now from the discussions here about Bitcoins and Alts. Hopefully we get many more years from bitcointalk Smiley
274  Bitcoin / Bitcoin Discussion / Re: The Government Could Shutdown Bitcoin? on: November 22, 2019, 01:19:18 PM
They could probably ban it's use like mining and trading, though i doubt there will be an absolute effect. People will find ways to utilize bitcoin and it may thrive in underground and black markets. At this point, i don't think it can be shut down entirely anymore. Just look at china. Slowly, it's loosening it's stance of crypto after being against it in the past few years.
275  Bitcoin / Bitcoin Discussion / Re: For new people, when they go on the journey to bitcoin. on: November 22, 2019, 11:30:20 AM
these are good thougts, If you want to be serious about investing and don't want to lose, or just to minify possibility of lost,
you need to work hard, and by that I mean study the subject, also ask and learn from more experienced, without this you can
win only with great luck  Wink
I am a new in trading too, I already bought some books regarding trading , charting and candlestick because I want to learn not only in bitcoin but in everything . I think this is the right thing to do for new people in bitcoin also new people in trading. Research can help us to improve our learnings and strategy in everything we are doing.
The good thing about technical analysis is that it works in all markets, once you learn how to trade bitcoin you will know how to trade whatever you want.

If anything you'll find that trading something other than cryptocurrencies will feel a little bit boring because you will never see movements as extreme as the ones that you can see in this market, my only recommendation is that you do not begin to trade until you have a very clear idea of what kind of trader you want to be and how much money are you willing to risk.

Well sometimes, you get to figure that out after you've spent time trading already. You're right, it's a risk. If you're going to start from scratch, you have a lot of work ahead of you. It may take time before you can familiarize yourself with how the market moves so make sure that you manage your capital well. It's easier and faster to learn if you risk small amounts with actual trades.
276  Bitcoin / Bitcoin Discussion / Re: He's thankful he found "Bitcoin" on: November 22, 2019, 09:26:51 AM
Hahaha! Scammed.

But on a serious note, this is what happens when trolls/liars/propagandists reach the the people who are early on their journey.

It's YOUR responsibility to give them the truth, and put them on the correct path.

https://twitter.com/andrespollan/status/1185455536084541441

Quote

I truly appreciate Pham. My goal was to acquire 1 $BTC by the end of the year, and thanks to you I found out about $BSV, and now own about 15 BitCoin. My new goal is 30 BitCoin by 12/31/2019.


Well we who know better can only do so much on our end. It's the responsibility of the person to make sure they do their part in studying what they're getting themselves and their money into. The problem with newbies is that they're more than willing to fall prey once they're promised easy money. Even if you tell them that it doesn't work that way, they'd run after a promise that's too good to be true. So most of the time, lessons in crypto investing and trading are learned the hard way.
277  Bitcoin / Bitcoin Discussion / Re: What can do Governements against Satoshi ? on: November 22, 2019, 07:27:57 AM
You're assuming that satoshi is an actual person though. I don't we know that for certain. The government can't do anything against someone who probably didn't exist in the first place. And i doubt that the government would spend time and effort of something that they won't really get anything out of.
278  Bitcoin / Bitcoin Discussion / Re: Banks Are Never There When You Need Them - That's Why We Need Bitcoin on: November 22, 2019, 03:29:47 AM
Well my bank has been reliable for me so far, so I don't think this applies to all people . Of course it has it's flaws but so does btc and any other alternatives. What's good with the emergence of crypto is that it makes up for some of the short handedness of banks. And the same goes for the other way around.
279  Bitcoin / Bitcoin Discussion / Re: What will be Gift of Santa Claus in this Christmas for Bitcoin Hodlers? on: November 21, 2019, 12:39:49 PM
Last year wasn'y good, yes. But this year has seen a decent growth since we started this year at sub 4k. Not bad for something that many thought weren't going to recover. I'd just wish we could sustain the movement we have now. I'm not asking for pumps like what happened last 2017. It ain't healthy. I just want the market to steadily grow and for awareness to spread more.
280  Other / Beginners & Help / Re: Is this a scam? on: November 21, 2019, 10:59:11 AM
First of all, it isn't very wise for you to have someone else handle your money and trade for you. And it seems like you have little undrstanding of your crypto venture and just let this guy work with your money whichever way he likes. Most of us would recognize this instantly to be a scam. 2 btc at this point is quite a huge amount of money already so you better be careful. Question is, will heed the advice you get here?
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