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4101  Economy / Trading Discussion / Re: Trading is based on probability. on: July 21, 2020, 01:33:08 PM
I don't necessarily agree with you that it is all probability, there are clearly events that influence and the market, and there are frequently repeating patterns that can be used to your advantage.

You could definitely beat the odds with knowledge while trading, which is definitely not possible if it was all based on odds. Remember, more than half of retail traders lose money, while experts can win in nearly any market—that doesn't sound like it's probabilistic to me.
And the said events could be said to number to be close to infinite. Not to mention the undisclosed news that only those select circles can get their information from. Sure, we can try to trade based on the info we have, but that pretty much results in again probability. Do experts win in any market? Nah, They are able to reduce their losses to the minimum at any market. No one wins always you know.

It's basically how there's only two events when trading, winning or losing. A 50/50 chance, but that doesn't necessarily mean that losing is bad, there are various types of losses, ranging from controlled losses to total loss. Experts don't always win and can always control their losses because they know that the chances are always 50/50, it's rather easy to know when you're going to lose and not. And it's not like the more you lose the higher your chances of winning are next time, the odds always reset, whether it be every second, minute or hour.
50-50 chance is not always the probability in the trading; you can increase the winning percentage through practicing what is perfect and through backtesting. There are high probability setups and it can be 80-20 and 90-10 probability but there is no 100% winning probability because losses are inevitable in the market. It is actually funny when I saw a post that saying how to trade safely. Sorry mate but trading is risky it is up to you on how you will handle it very well.

Trading winning chance is based on your skill so basically, A lot of trader's with good skills are having that 80-20 or 90-10 probability of winning. 50-50 is for blind traders and for people who are thinking trading is like a gambling. Trading and gambling is a very 2 different thing! So I think to win your trade you should always be skillful and literally know what you are doing.  Smiley
4102  Bitcoin / Bitcoin Discussion / Re: Do we need bitcoin? on: July 21, 2020, 01:27:04 PM
The answer is simply NO.

Bitcoin is just a cryptocurrency and I think many people are buying it including me, for investing purposes and for trading obviously. But if someone will ask do I need Bitcoin then, NO! There's a better alternative for bitcoin if you are gonna use it for daily transaction, a lot of banks are implementing online transactions and E-wallet which is fiat based is booming right now (also the transaction is instant). For me Bitcoin is so hassle to use and not effective if you are just a regular guy who wants to use digital money. Bitcoin for me is just for investment like it or hate it there's a lot and better alternative for cryptocurrency.  Wink
4103  Alternate cryptocurrencies / Altcoin Discussion / Re: Sending in fake ID for KYC on: July 20, 2020, 11:32:47 PM
It is illegal to create fake ID specially when it is a government issued ID because it is against the law and that would be punished behind bars for doing such. Although it is intended just to surpass the KYC process, it is still illegal for you are still bypassing the legality of the documents and legal process for getting ID. That is why there are trust issues building up between team developers and participants for they do not know who the real thing is behind the KYC process.

Yes, it is kind of foolish and risky sending real documents for they might be use without prior notice into other things, but doing or sending fake ID is also risky that is can lead to permanent freezing of your account. It is a total mess with anonymity for people cannot and do not trust anyone. But doing illegal things just to get through KYC is still not a good habit to do.
4104  Alternate cryptocurrencies / Altcoin Discussion / Re: Do not be fooled on: July 20, 2020, 10:46:16 PM
It would be your own will and free choice if you would just easily believe of here says of other people with regards to the current status of the whole cryptocurrency itself. You have your own mind and perspective on what is really happening on the market so let yourself decide for what is the best for your cryptocurrencies since you own it by yourself. It is not a foolishness if you would sell some of your coins for the benefit of sustaining your needs specially when it concerns your health. Foolishness is when you just keep on holding knowing that you do not have any more money to spend but you are still eager to hold. It is not bad to be eager on holding but still keep yourself up since you will not be able to use it if ever something worse happen to you like you gonna die because you just keep yourself wasted on thinking to hold more than what you can afford. Crypto holding is important manner specially at this pandemic that others are taking advantage of the break where price can be affordable to purchase but still health is a wealth that is in need to be taken care of. Also, the market that is directly affected by the virus is the stock market which is on fiat so if ever you have something on crypto, you do not have to worry about it. The declination with crypto was just merely affected at the start of pandemic but so far, it is doing so good.
4105  Economy / Economics / Re: China economy and how they handle Covid-19. on: July 20, 2020, 09:54:03 PM

Maybe the factors that help them to have a stable economy are:
1. Chinese people are really disciplined, they are not going outside but still can pay taxes.
2. They strictly following the rules and laws implemented by the government.
3. The government is prioritizing the health sector above all other sectors.
4. Properly allocating the budget for this pandemic.
5. We all know that China is the number 1, manufacturer of face masks, gloves, alcohol, and test kits.

Those were really good factors how Chinese government is seriously handling the problem. Imagine, they are ground zero of this pandemic but still they were the first one to flatten the curve and to resolve the problem with regards to the spread of virus. It is undeniably that the government and its people are being serious on how they can get back to normal because cooperation of both parties is really one of the main key to resolve this problem. Added by the fact that they have a rich economy which can totally give them the essentials to fight back against this virus that have started from them. That is the real power of economic influence, strict leadership, and disciplined citizens and all of those are brought together making them resolve the problem that easy.


Do you think each and every country can achieve this kind of approach to this pandemic? Can they recover faster from this struggle economically?

It is possible to be achievable by other countries. It just really need to take cooperation from both government and citizens. Proper implementation of plan that will benefit the people since they were the ones who are really affected by this pandemic. The problem with other countries is that people and government are both fighting each other and not focusing on what the real problem is which leads to misunderstanding and misleading on what the important matter is. If they can somehow do cooperate of course with the presence of funds to help the citizens out, every country can surely attain what China have done to resolve the problem.
4106  Economy / Economics / Re: Can we rely on Bitcoin and cryptocurrency? on: July 20, 2020, 03:44:07 PM
Upon entering this industry, everyone must know that we cannot always remain reliant into what we can earn in terms of Bitcoin and into any kind of cryptocurrencies for there may be times that it will be on the downside or on the upside. That is why those who are new are being encourage to find many more possible ways on how they can earn a living if their main reason why they get into Bitcoin is for the reason that it can sustain their daily life needs. Well, that was a mere expectation that everybody thinks when they first know that it is possible earning through Bitcoin and other cryptocurrencies.

Yes we can earn through Bitcoin and cryptocurrencies but we are not just settling on this because out of this industry, we are still having decent job that may be based on our profession or other kinds of job that can assure to give us a living. At this time of pandemic, we still can earn through Bitcoin but just quite somehow maybe through trades or campaigns but what we certainly rely on the expenses for daily are coming from recent earnings from our work and it is now possible for some to get back to work or through work from home set up. It is a mere misconception of many that because of earning through Bitcoin and cryptocurrencies, we can be reliant on it, then that is not true. Still seek for job to sustain your daily needs. Work that is suitable and attainable at this time of Pandemic.
4107  Economy / Economics / Re: Rising tensions and effect on global trade on: July 20, 2020, 03:04:59 PM

How do you think political interventions would limit the growth of companies and affect global trade?

Trading inserted with the influence of politics can turn out to be good or bad. We all know that different nations belongs to an alliance which is the United Nations on which each and every country are talking about helping each other out providing the necessities and lack of resources of one another which will benefit both. Inserting politics on it is a great help since leaders of the countries are the ones representing their nation to find better solutions to resolve problem. But once tension have build up between one another, there could be a serious effect on each country that once benefitted on the products and services they rely on the country where they certainly get their goods with.

Maintaining peace talk between nations and having calm conversation is a great intervention to prevent a serious case of war to build up most specially if we are talking about big countries. Politics and trading are good to be compacted together if the limitations of power will be controlled so that no one would feel too dominant and the one is the weak one to avoid tensions to build up that can affect the flow of trades on each country. The alliance of the leaders of the world is the key why flow of products and services are being properly maintained which is a good inclusion of having good relationship between nations that are being talked about using politics.
4108  Economy / Economics / Re: Government+cryptocurrencies on: July 20, 2020, 02:21:19 PM
The relationship of government and cryptocurrencies have not been so good to many countries due to persistent denial of government to allow cryptocurrency usage in accordance to the public demand being stated by its citizens. Government have always been tough on what they believe is right and what must be done for the sake of its people. On the point of thinking that government is just ensuring the good of its men, it is collectively just fine but there must be reconsideration to look on both the pros and cons why people persistently wanted to adapt using cryptocurrencies.

That has been become an issue here in the country where I reside. Our government is not encouraging people to get into cryptocurrencies because they are tough on saying that it will just promote chaos and more criminal acts such as money laundering and scams. But they are just seeing the negative and they are just relying on what they want to see and understand and not the whole thing about cryptocurrency. With that, they are discouraging people to get into cryptocurrencies although we are not prohibited, but we must just use it for our own risk only. With that, people are afraid of engaging and adapting crypto and we, who merely understand and know about it are the ones using it. But because of connection (friends or family members using crypto) many are now understanding it. It is just our government who still not supporting the usage and adaptation of it.
4109  Economy / Economics / Re: Economic situation declining and famous celebs not paying workers on: July 20, 2020, 01:39:58 PM
It is a sad truth revealed that many celebrities have left those people behind their success which are their workers when the crisis brought by pandemic arise. Yes, we are all aware that we are all seriously affected by this pandemic most specially because there is less job opportunities to be found because business establishments are temporarily to permanent closure because of this. But for those people working for the celebrities, it is really a sad moment that you were there at times they needed you and you were one of the keys behind their success but when time you needed them the most, they have turned their backs and left you hanging.

Famous brand celebrities have tons of money with them and that's for sure. May they at least give a small percentage of those money for the needy people at this time because surely when this crisis end, they can regain more than enough of what they have given to their people. May at least be their social responsibility and appreciation to help their workers at times like this because they need it the most to survive this pandemic.
4110  Alternate cryptocurrencies / Altcoin Discussion / Re: How to know if the project is fake? on: July 19, 2020, 09:37:28 AM
Nowadays, it is really hard to identify on which is the real one, the fake one and the scam one for the reason that scammers and let us include also the hackers who are making fake and scam projects are unbelievably improving their skills to make such schemes to look so natural and real on the first glance. You won't identify it easily by just checking up the whole thread so, you need to do manual researching on the essential things that you need to find out on the main background of the project. But still on that manner, they can be able to save themselves to look everything seem legible. So doing research is still not enough that's why there is a need to do observation on the project and see other member's opinion regarding the project once a concern member created a thread about that which is rare and impossible to do at all times because there are too many projects in the forum.

So, identifying a fake project would really take time to be done nowadays because of those reasonings that sometimes or most of the time turns out to be exposed when the project was already done and many have already been victimized. So to identify such fake projects, you need to keep a tough eye close into the project and observe every details that you can find suspicious and let yourself judge if you will trust and join into it or not.
4111  Alternate cryptocurrencies / Altcoin Discussion / Re: The most searched cryptocurrencies on Google on: July 19, 2020, 02:12:55 AM
Hello, according to the website: blockchaincenter.net, these cryptocurrencies are most searched among cryptocurrencies:
1.  Bitcoin (80,8%)
2. Ethereum (14%)
3. XRP (8%) followed by Litecoin (4,7%), Bitcoin Cash (2,7%), IOTA (2,5%), Monero (2,1%), Tron (1,8%), Dogecoin (1,8%) and Cardano (1,5%).

They processed information based on Google Trends.

When you compare it with the market cap, then where is Bitcoin Satoshi Vision, EOS or Binance Coin?  Shocked

It is expected and undoubtedly that would be the result because those were also the most popular cryptocurrencies to people who uses cryptocurrency and even for those who not. It is not a surprise that Bitcoin is on the top spot because people are really much aware that it is the most popular cryptocurrency most specially for people who have been starting to engage into the crypto industry due to the reason that maybe they are influenced by close friends and the first crypto introduced to them is Bitcoin.

Maybe the reason why those cryptocurrencies you have mentioned are not on the top most searched crypto is maybe people still doesn't know about it or they are not much pretty interested on those because knowing people, they just go with the flow of the trend that's why they only search and wanted to know about what most people are curious about.
4112  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: It's always about your choice on: July 18, 2020, 11:11:53 PM
What makes a bounty manager better? It's not about the success of the projects they introduce, it's about

1. How the handle the campaign
2. It's about fulfilling what was promised to bounty hunters
3. It's about fighting the fair fights for bounty hunters

The success of a bounty project is not in the hand of a bounty manager, the ball is in your courts, you are responsible for the bounty projects you choose, if they fail it's never bounty managers fault. Always remember this.

That was sincerely agreeable and I think this will end up the issue roaming around about some people blaming bounty managers whenever a campaign fails. The job the bounty manager accepted is to maintain the organization of the whole promotion process. The fate of the campaign relies on the team behind the project and the effort of the participants to promote the project which can lead it to the success.

It is indeed that bounty managers have a very good reputation that becomes one of the factor why people choose to get into that project but they have no control on what will be the outcome of the project. Also, at the first place, no one forces you to join the project he manages and it is also your job as a participant to check the background of the project. Your own choice and your own will brought you into joining the project so no one must be blamed especially the bounty managers who were just working on the task given to them and the reason why they are getting paid off.
4113  Bitcoin / Bitcoin Discussion / Re: When Bitcoin Must Be Inherited on: July 18, 2020, 10:05:42 PM
I think this is a very good idea, and I hope that someday there will be a crypto exchange and a crypto wallet that provides inherited features, so users will be safe and comfortable.

It is good to think that you can be able to pass your Bitcoin holdings into the next generation as part of your last will or inheritance for them to have a benefit on the future.

There is no really in need of any crypto exchange or wallet that have feature like what you were thinking of because it will just make things complicated. Why in need to do that when you can instantly state it into your family or into the one you have a full trust with. If you are really worry about how you can be able to make your Bitcoins be inherited into your family if ever you already pass away, then you must start educating your family or closest relative about Bitcoin so that they would be educated on how they can have an access into your assets. That would be the best thing to do instead of relying or depending into any exchange. Just left a written or printed note where your private keys or password is in there and let them know where it is once it is really time for them to have it. Just simple as that. With that knowing you have let them know what Bitcoin is and how they can make use into it and how they can access it, you don't have to worry anymore on how can you be able to inherit your Bitcoins to them.
4114  Economy / Economics / Re: Interesting perspective of Investors on: July 18, 2020, 09:24:48 PM
That was really pretty good that at least investors do hold tight into their investments even at this time of pandemic that most people are tempted to sell their assets for the sake of sustaining their necessities to be able to survive this crisis. But keeping or holding into your Bitcoin because the price is still not reaching $10,000? That was just a low expectation and perception because once the price of Bitcoin exceed that price mark, then those investors who have been holding their Bitcoins for a while will surely sell them once and for all.

Also, conducting surveys and polls on social media platform like Twitter seems to be unreliable because that was just a poll where anyone who sees it can participate and it cannot be reliant to support a claim. Better do google surveys to have a better basis of the claim then do a statistical interpretation about what information you have acquired. Doing polls only represent initial answers and it does not merely support a decent fact. Also, there is no such assurance on the range of participants if they are appropriate to become a part of the data gathering.

But all in all, it is good that despite of the crisis, still investors are having a strong hold into their Bitcoins and also other cryptocurrencies for the mean time and that will surely be worth it in the future.
4115  Bitcoin / Bitcoin Discussion / Re: Isn't this the best time for Bitcoin? on: July 18, 2020, 03:42:49 PM
Even though we are heading towards digitalization brought by our experience this pandemic to keep ourselves away from physical contact to avoid getting infected, still people are not being encourage to pursue adapting into using Bitcoin mainly because there are still lots of ways on how people can easily go cashless like using credit/debit card which is provided by their bank once they apply for it, also there is digital online banking that is accessible to any devices and as well as the usage of many apps where you can link your bank account details to pay for your purchase in cashless manner.

As long as people can do such things I have stated above, people can still have a choice not to get into Bitcoin. But it doesn't mean that there is no open possibility for Bitcoin's best to come. It will soon come but as of the moment, people certainly focus on more accessible things to them because adapting into using Bitcoin is not that instant for you still must consider learning how to use it and know if the place where you belong accept or adapt using it. Just like here in our country wherein we are discouraged to use any cryptocurrencies which makes it no sense for people to get into Bitcoin. Though we are not prohibited, still we are stated to use it on our own risk only by our government. Adaptation and learning must be observe first so people will decide to get into Bitcoin.
4116  Bitcoin / Bitcoin Discussion / Re: They say hardware wallets are the safest on: July 18, 2020, 01:28:06 PM
At the perspective of storing offline which is away from potential hackers that spread on the internet, yes using hardware wallet is what we can claim to be the safest wallet compared to the online wallets. Well actually both online and offline wallets can be both safe as long as the owner or holder is responsible enough on storing his/her information and account. It is really nonsense to just depend all on the type of wallet you were currently using if you were not the responsible to take good care of your wallet's information. The safety of the account and wallet starts from its owner and holder. Wallets are tangible and intangible things that has no life so it is really dependent on the owner to take good care of its safety. Whether what wallet you are up to, the safest way you can protect it must start up on you. Whether online or offline (hardware) wallet you are using, it will remain safe if you take good handle on your personal and private information and secure that all things are keep in tack.
4117  Bitcoin / Bitcoin Discussion / Re: Transaction price Bitcoin on: July 18, 2020, 12:11:25 PM
Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!

That was really a great news although it was quite sometime when this thread have been started, I hope that the price transaction for Bitcoin is somehow cheap and the transaction will be seamlessly fast to be confirmed. But Bitcoin transaction price do really depend on the exchanger you will be using for they have their own set price for every transaction so maybe someone would do comparison that he have never experienced doing transaction at low price. Well there would be really cases that transaction fee are expensive and cheap depending on the exchange and the amount you are going to do transaction with.

If you do want your transaction to be confirmed easily, then you have to spend a little bit pricey to be able to do that. Though expensive, it is worthy if you are really in an urgent. But low price transaction is good as well but it will take time but still it would be transacted in a moment.
4118  Economy / Economics / Re: China will rule world as economy king after crisis end? on: July 17, 2020, 11:24:24 PM
Certainly, maybe that would be the outcome after this pandemic. But is it really important anymore? I think instead of focusing on who will be the ruler or the king of economy, we must pay attention on how we will manage the recovery of each and every country's economy. On how each and every country will help each other out to do a fast recovery for the sake of its people. No one must be thought to be dominant right after this pandemic because we all know that we have already suffered a lot and what we need to think about is how we can recover from this crisis all together.
4119  Economy / Economics / Re: Biggest winner during COVID? on: July 17, 2020, 10:36:55 PM
I think there is no really big winner at this time of pandemic because all of us are seriously affected by the spread of the virus. Yes, it is indeed that the sales for medical drugs have rise up because people do want to keep themselves immune from any virus as well as purchasing of many alcohols and other related sanitation to somehow get rid from the possibility of acquiring the virus. But that is not quite a point to state that the medical industry are the ones benefiting from this crisis and it is not that right to think of that because we are all into the extent of finding ways to prevent the spread of virus.

Business establishments have been down temporarily and some are permanently because of the community quarantine being implemented to help prevent the spread of virus so even the rich people are affected by this crisis. I think no one have the advantage or the biggest edge at this time for we are all lying on the same spot of crisis. It is just that we are having different experiences during this pandemic depending on our social status but seriously all are affected and no one can be stared as a big winner because of the pandemic.
4120  Economy / Economics / Re: Lives vs Economy -- sad truth on: July 17, 2020, 09:50:06 PM
There is no priority in saving an individual life -age,social status, background- give a proof if you have one that shows there is, health workers are under oath to save life's and every life matters, the world is concerned about the elderly ones at this pandemic time -although if do the basic things, get regular exercise, eat healthy there immune can be strong-. There are malls/stores in the US that have special shopping times for elderly citizens alone.

A vaccine might never come or might come late, what our defense would be is our immunity,- old or young-.

I agree. There is no such sense of being picky at times like this because every individual's life is important so no one must be left behind and all must be given a medical attention and care equally. Maybe the OP is just seeing the wrong side of the situation because health care workers are struggling on how to handle massive number of patients that is why not all are given medical attention that urgent but they are making their best to serve the people because once they have missed out one individual, the rest could also get infected and that would be another great problem to face.

Life and death is a normal scenario in a person but dealing on how to keep a person alive is a challenge that every medical practitioners do to save lives at the extent of what they can do. It is just that the ratio of the medical health care workers are not appropriate to be given medical attention that easily. Actually we must salute all of them for risking their lives just the sake of other people's life even the cost of it is their own lives. It is not about economical status or background, it is a fight that we are all facing right now and we must handle it all together not to think what status in life we have.
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