Bitcoin Forum
May 10, 2024, 08:44:18 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 ... 344 »
321  Bitcoin / Bitcoin Discussion / Re: Crypto or Real estate on: September 11, 2023, 12:19:03 AM
Both have actually its own risk but when it comes to market stability, I see real estate as more promising than crypto. However, buying real estate is highly expensive and if you don't have enough funds for that, you cannot own any property. That's why crypto is here because we can always invest even with a little amount of funds. But never expect immediate profits as everyone may experience losses at first before they can taste their profits.

Investing in real estate really needs huge amounts of money that most of us can't afford. That is why investing in crypto becomes handy because you can buy in small amounts, meaning you can afford it, but again, we don't see the same profit with real estate if we just invest in small amounts.

Volatility is just a feature that if we know how to take advantage of, we will earn profit. That is why people invest in it because of the volatility.
 
Crypto or real estate shouldn't be compared because both are profitable as long as you know how to control the risk, and it is better to invest in both if you have the financial capability.
322  Economy / Trading Discussion / Re: Emotions dealing on: September 10, 2023, 02:28:40 PM
Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.
Trading is pure math. Emotions have nothing to do here
I don't think it's pure math as your trades can actually be different based on your emotions and mental condition. You won't be able to make the right decisions and make the correct trades if you are mentally unstable and vice versa. So, you can't say that emotions have nothing to do here, It's emotions that make someone panic and sell their assets, and it's also emotions that make someone FOMO and buy a token at a very wrong time and lose their investment or a part of it.

Your emotions can always make the best of what you do and it can also ruin everything, so emotions play a great role in anything that you do in life. Those who have control over their emotions will usually get success in whatever they do while others will have to face a lot of failures in life.

Emotions play a critical role in every aspect of life because they influence our decision-making and the way we think. Just imagine you are in a stressful situation. You tend to think quickly to resolve that situation, but you are not looking at the long-term solution, which makes you sometimes make bad decisions. How much more in trading that emotion play a great role in it.

You have a great strategy, it is really proven that it is working, and you have a high percentage of winning if you follow that, but because of emotions, like not having patience on trades, you do not follow your strategy and skip some processes that will lead you to losses. Also, even though you have already reached your daily target, you still continue to trade because you are now greedy to earn more profit, which again can lead to losses.

Emotions are really a big factor in trading, and they decide whether you win or not. That is why other traders are really trying to learn how to control themselves, as that is their number one enemy in trading.

323  Economy / Gambling discussion / Re: Learning from those who have experience on: September 10, 2023, 12:53:45 PM
I want to ask those of you who have a hard addiction experience in gambling and then you can treat it yourself, and today still playing gambling but with the principle of good management and financial management in gambling.
I want to know how you break away from the addiction, you can mention the actions taken or what kind of steps? And how long do you need time to break away from the addiction that has been experienced?

"I want to find out because I think your experience in the case as I mentioned will be useful for readers, especially for me personally"

Not all the gamblers are gambling addicts,only few people are gambling addicts due to their innocence behaviour.They will start to recover the loss money by repeating the game till the money was recovered.The money management is important one in the gambling to get not addicted,same money management is important one.When you start to gamble you should on your money holding time and needed time.In the rest of time,you should engage yourself into the process which develops you to next level.If you want to build your business to next level,you can easily get away from gambling addiction using your self control.

It is easy to recover from addiction if you have self-control, but if you do not have that, you will not be addicted to gambling, or even if you have control over everything, you won't get addicted. When recovering from addiction, you should have consistency because there are others who tried to minimize their hours of playing for a few days, but after that, they are back to spending too many hours on gambling that they shouldn't, as they are already committed to stopping their addiction by limiting the hours. Also, quitting instantly won't help because you will really find a way to get back. It is better to make it slowly before you quit, as it is less painful and more effective.
324  Economy / Economics / Re: I wonder if food prices in your country have also increased? on: September 10, 2023, 11:30:15 AM
~
~
When we talk about buying some cheap products especially during there harvest seasons, the question is always about preservation.
Still, people associate quality to price as you often don’t find the best quality cheap and this have driven the price of certain products to an insane price. It’s a sad reality but, we often play by these rules eventually.

It's true that normally cheap products are of worse quality too, but it's not always like that. Especially during harvest seasons you can buy a very good quality food for a cheap price. You just have to be careful when buying food. No need to eat food of a bad quality because you are poor. On small local markets there's almost always something similar to what you can find only in gourmet stores in Zurich only it costs 10-20 times cheaper.

If you are residing near the country side, then there is a farmers market where you can buy cheap and fresh goods, but if you are in the metro area, that is really the problem, as everything is expensive and there are times that the cheap is of bad quality, but others are also when it is too late in the night and only a few people are buying fresh foods, and others tend to lower their price so that their goods are already sold and they can go home.

It is really lucky if you have a backyard or an open area where you can make it a garden and plant foods in there because it can save you money, you can use it, it is fresh, and for sure it is safe as it is all organic and no pesticide was sprayed on it.
325  Economy / Economics / Re: Which problem will you choose to solve? on: September 10, 2023, 10:16:24 AM
When you solve a problem it either benefits the rich or the poor. Job creation benefits the poor more than the rich. However when the government gives people like Elon Musk the permission to build a gigantic Tesla Battery manufacturing factory in Texas, it benefits the rich because they would buy more shares in the company, making it more profitable, also he doesn't get to pay taxes. It also benefits the poor because of massive job creation.

Lastly, the problem of the poor soon becomes that of the rich if it is not solved.

Is just that without the poor the rich can't completely achieve their goal, because if you look at it this way like you said there would be massive job creation. With that you don't expect the rich after buying shares they should still be the ones to engage in both the laboring department, no. That's why I said without the poor the rich finds it hard to get to their goal.

In short, manpower, poor people do the dirty work, but the rich work with their brains and their money, which is why they earn more. No matter what it is connected to, poor people can't also buy their needs if they haven't been employed by those rich people, and rich people can't earn a single profit without the manpower that is coming from poor people.
Let's say you purchased a share from the company of Elon, which only the rich can afford. If the company is successful, the rich also gain more profit, and guess what? Those employees received an increase. No, the managerial people or supervisors received the raise, not those below who keep their hands dirty and just take orders from above.
326  Bitcoin / Bitcoin Discussion / Re: What's your actual dca strategy? on: September 10, 2023, 08:35:42 AM
That is also a great strategy to minimize the risk, but I don't do it all the time because we are not the same. There are situations where you need to purchase it or else you can use your money on something else, meaning it is not a force but something you must rather do, as if not, then you'll be losing your money that was intended for Bitcoin.

Buying at dips is really helpful as it increases your profit, but it really depends on the investor if he will buy at the price because for others, it doesn't matter if they buy at $30k or $20k because they are just buying in small bits and they don't want to miss the opportunity to buy it, and also, you'll be buying at a low price when there are dips, so for me, it is a win-win situation.
327  Economy / Gambling discussion / Re: Why gambling beginners must not joke with casino announcement on: September 10, 2023, 07:20:42 AM
Why do beginners will gamble into a new casino? There are established casinos that have already been proven over time, and most of them are reliable. If the new players want to gamble, then those established casinos are the best to try out.

Probably really, they are into bonuses, on which it's good to be true first-time bonuses, which is why they tend to sign up, though always be skeptical when there are new casinos that are giving bonuses that are something big and unusual as there are always hidden agendas on them.
328  Economy / Gambling discussion / Re: Will you cheat in gambling? on: September 10, 2023, 06:15:55 AM
I constantly say that cheating even when everyone doesn't seem very intelligent or even isn't very intelligent to the point that they don't understand anything about medicines to increase physical strength or don't have much coding skills, cheating is still very dangerous. It is unacceptable and one day people will discover you and they will hate you, in the history of cryptocurrencies I have seen many cases of cheating in which the cheating person has won a lot of money, I have not seen any news saying that they caught and punished the person who cheated and managed to get a lot of money, but in my opinion these people who cheat one day in the real world will use cheating to get something and at that time they will be caught and punished

Why do I think this way? because cheating becomes an addiction, when a person gets used to cheating, even when it comes to doing something simple, they will resort to cheating because that person is already used to the fact that everything in their life must have a faster and simpler path. and because of this way of people and that this person even when faced with a task that is easy for them, but which takes 30 minutes to complete, this person will use cheating to complete this task in 5 minutes and with that this person risks being caught and punished and in most cases caught and punished. we just need to see cases of sports athletes who use cheating as they end up

But cheating is not only dangerous because you can be caught. From the very beginning of your cheating activity you are caught by yourself. Then you can't sleep at night, can't rest properly ... that kind of stuff. No money in the world worth you losing your ability to rest. Some cheaters give themselves up to police in hopes that maybe they will find peace in jail. Think of it before attempting to cheat. Save yourself from big potential problems.

It also threatens your life, mostly if you cheated on big events, then for sure that is the time a lot of people want to hurt you. I really don't understand why people really cheat. It might be because of the money, but again, let's just be fair to everyone because, for sure, you don't want to be cheated either. Just imagine that your opponent won and he cheated on you. How will you feel about that? for sure pissed, and you want to hurt that guy, so always think about how they feel.

Money can really change people's mindsets, so when it comes to money, as long as they can get it easily by cheating, they will do it no matter what.
329  Economy / Trading Discussion / Re: How to make a life by Day Trading on: September 10, 2023, 04:57:48 AM
By day trading we generally mean the day's trading completed each day. That is, today you take a trade and sell that trade after making some profit from that trade, we usually call it day trading. For many this type of trading is a very profitable method, some traders feel that it is safer to keep their money for themselves than to waste money by making a small amount every day. If a person has enough knowledge about trading and if he can do well in day trading then day trading is fine for him. People who are usually not overly greedy can handle this type of trading. If there is excess greed, a trader will never be able to complete his trading in one day because when some amount of profit is made, that trader will think that if he keeps trading for some time, he can make more profit. People who don't have this type of thinking will do well in day trading.
Of course, the trades we do with the intention of getting daily profit are called day trades. There are many traders who do this type of trading for daily earnings and start with a small amount of money. If a person wants to earn good profit in daily trading then he must have enough knowledge otherwise he will not be able to make profit. It is true that people who are not greedy can earn good money, but people who are greedy lose money at some point. Those who have good thoughts can definitely make profit by trading, and they have to take different advice every day. Anyway, trading for daily income is definitely possible to make profit, but you have to adopt different strategies only then you can trade in a good position I think.

If your capital is small, your profit is also small, no matter if it is daytrading or scalping, because that is all you can risk, and your stop loss is too close or too thin and easy to reach. Though it is really possible as long as you have skills and a proven portfolio that you've been earning profit from for a few years,  if you are just a newbie, it will take more time to learn and earn on it because it doesn't mean you've already learned and understood the fundamentals and are now earning profit, you'll still need to create a strategy that works for you.

Greediness is really part of the emotions of a trader or in any aspect of investment, but treat it as an enemy and be cautious about it because you will know how to control it so that you won't be chasing losses or even overtrading yourself.
330  Bitcoin / Bitcoin Discussion / Re: Common Bitcoin ideas on: September 10, 2023, 03:55:09 AM
Investing in Bitcoin is not about persuading anyone. I know we want everyone to adopt Bitcoin, but if others are skeptical, then let them learn about it because you'll just waste your time if their decision is not to invest in it. Also, most of the people right now who know about Bitcoin and want to invest don't have the capability of investing because their income is just enough.

Keep in mind that Bitcoin was made as a payment system for us to receive and send easily money, not as an investment, so the way you explain it is what really is Bitcoin, and then follow with it becoming an investment recently because of its price, but that is really the Bitcoin.
331  Economy / Gambling discussion / Re: How was your first experience with gambling? on: September 10, 2023, 02:44:27 AM
Gambling is always entertaining to me, but sometimes it makes me feel bad when I expect a game to be as I want it to be and I later lose the game. Although I don’t usually spend much money on gambling, I always think twice before putting money into it. I always base my thinking on the negative and the positive, and unfortunately, my thinking is always based on the negative side. I will be like, if I lose the game and I want to use my money to place the bet, I will now think of putting down a small amount of money so that even if it goes wrong, I won’t border myself like when I use a big amount of money.
Deposit with only a small money is very good management for people who are rather wasteful and greedy. I did it before when used to play blindly, but sometimes, I have desired to deposit back when my money at the casino ran out. this cannot be avoided, and can't stand it because is easy when deposit back using crypto. therefore, I need 1 more manager to handle my habits. In this case, I invited my wife to hold me, I used a multi-signature with my wife on my wallet, so when I have a desire to deposit back, I have to call my wife to permitted it.


That is really a good idea because you can't easily deposit more money than you've asked for with your wife, so you can't go over the budget. You are lucky that you aren't finding a way to deposit without using the wallets of you and your wife because other gamblers who are addicted to gambling will find a way to deposit more, like borrowing money so that they can just gamble.

Luckily, on my end, I haven't gone over my budget, but I do always say that this is only the money I will lose, and I won't be depositing more because we will go broke for sure.
332  Other / Off-topic / Re: Everybody WILL hear the letters BTC. on: September 10, 2023, 01:45:30 AM
It is really misleading to other people because the BTC that they will be reading on the taxi is too far from the BTC that we are using right now because when they hear it, they think of the taxi that is blue, not the Bitcoin that has a valuable and high value.
 
Lastly, don't put the Bitcoin logo on the end of BTC because it's annoying to see, I want to see it at the start of the Bitcoin.
333  Bitcoin / Bitcoin Discussion / Re: How was your first Bitcoin experience? on: September 08, 2023, 03:54:59 PM
i think i started it all from the faucet and also pay to clicks. I remember that every day I do the same thing only to get $ 40 to $ 50 per month from faucets and PTC. Anyway, I felt like it was a good start because it was really the first time I made money from the internet. After that, these activities allowed me to get to know altcoins, trading, investing, ICO, IEO, and others.

It is really a good start, as our mindset before was to earn it online without using our money, which is why we have a lot of patience on faucets and other microtasks just to earn Bitcoin, and at the same time we learn how Bitcoin works. Even I've started on it as I don't have money to spend on Bitcoin, and I've learned a lot from it. But that is really the start, it awakens my eyes to the opportunity to earn from it, so with that kind of opportunity, we need to grab it and earn it.
334  Economy / Gambling discussion / Re: Betting Features on any Banking or Financial apps should be Removed on: September 08, 2023, 01:11:14 PM
The bank that I am using doesn't have that thing. Also, the rewards tab in your app doesn't have it, even in other banks, where it is really alarming. I'm not sure what kind of bank it is, but those kinds of things like rewards and betting are only available in our local payment service app or online wallets, where we can use them to pay a merchant.

That can really easily trigger a gambler to bet because if he saw it then for sure he will bet. I'm not sure why your bank put it there, but is it not legal right? I mean, why did the bank put it there? are their affiliated with it? Also, one more question, does your bank really have an actual bank to which customers can go? Or is this only an online wallet?
335  Economy / Economics / Re: Are you risking investment in other things? on: September 08, 2023, 11:40:14 AM
for now, I only invest in two things, namely crypto, and real estate. Until now I support the development of my real estate investment using crypto. However, another thing I think to invest in when both are good enough is gold. we know that gold has a price that increases from year to year, it can be one very good investment whose potential is almost the same as crypto and real estate. Some people may invest by developing the business they own, or making deposits at the bank.

If you have capacity and money, then we can do it all. Right now, as I am not financially privileged, I've stuck to investing in crypto just in a small amount as that is all I can afford, but if ever you have that much money, then for sure the things that you are talking about are the best to learn and jump in to invest in it and do business from it, but it takes capital and also research on it as well as time. But all of us want to invest, it's just that we don't have extra money to put into it as it is needed for our needs.
336  Economy / Economics / Re: CBDCs are created for unemployment purpose on: September 08, 2023, 10:21:13 AM
It is possible that it would make people unemployed, but mostly, I've noticed that when there are innovations like this, they will be transferred to another office and trained on doing them. Though there is a real possibility that it will be the end of traditional banking or, if not, that only a few employees will operate it, But their main reason for it is really having control of our assets in the form of digital assets, so it has no connection to the purpose of just making those people unemployed.
337  Bitcoin / Bitcoin Discussion / Re: How was your first Bitcoin experience? on: September 08, 2023, 09:13:49 AM
The Gambling Experience You Can't Compare With The Bitcoin Experience. Gambling and Bitcoin are never the same. With Bitcoin you gambled so it gave you a bad experience. It would have given you a better experience if you had bought and hold bitcoins. It was entirely your fault so you can't blame Bitcoin for it.  And Bitcoin never guarantees you a profit.  You have to be patient to get profit from here.  Otherwise you may face losses and consider it a bad experience
There is a lot of difference between gambling experience and Bitcoin investing experience. Investing in Bitcoin can be profitable if you can wait patiently. But I think investing in Bitcoin is much better than gambling. Gambling can make you a lot of money in a short period of time.  But sometimes there is a possibility of losing the entire money from gambling. So I think it is necessary to invest in Bitcoin without wasting money on gambling. However, if you invest in Bitcoin, it will be foolish to invest thinking that you will get profit immediately.

In gambling, once you've already bet that money, it is already declared that money is lost on you because, mostly, in gambling you'll be losing most of the time because it is a form of entertainment and not an investment or a way to make a living on it.

Investing in Bitcoin is very different from gambling because you have control over it. You can pull out your investment or add more, and it will take more time to gain profit, or if not, you will lose it all. In investing, you have a plan on how to make it successful, unlike in gambling, where the casino owner will take over your funds in no time.
338  Alternate cryptocurrencies / Altcoin Discussion / Re: How to identify shitcoins? on: September 08, 2023, 07:57:59 AM
I would differentiate it into 2 types, scam coins and shitcoins. A scam coin is when there are new altcoins that come out and you notice that they are too good to be true and you think that is a scam, or even if you confirm it as a scam, then I would say it is a scam coin because it was made just to scam people.

Shitcoins, on the other hand, are those coins that were not listed on an exchange or even listed but have no value. they are kind of like they already exist but have no value or no use, so that is why most of us call them shitcoins.
339  Economy / Gambling discussion / Re: Gambling should be play with care on: September 08, 2023, 06:36:26 AM
Can one ever be able to gamble with care? Can one ever hold himself while he is losing? All these are hard to achieve when one is at the losing end.It is very hard to hold one's emotions because money is involved.There is no man on earth that will be losing money,and be happy at thesame time,that is the spirit that controls Gambling,you can't win and go free without trying it again till the end is reached.
As for me,I decided to quit gambling because it is just consuming my money,so he had to look for a way to get me.One just has to be very careful while trying to get  it,if not,you will end up over reacting.
Everyone who is going to do an activity, even gambling, knows this and will most likely do it carefully so as not to cause harm to himself. And when he loses, his own emotions will peak and he must make two choices, namely stop gambling or continue gambling in a different way than before.
If you think it's best to stop gambling when you lose, I don't blame you because that's your right, it's true that in playing gambling we have to be careful so we don't lose, but that's what gambling means, ready or not we have to accept all the risks whether winning or losing. we get.

In gambling you should be ready on the losses because most of your games is that youll be losing that is why others who gambles a lot is that they are allocating money on it so that they wont overspend it which most of us dont do sometimes.

As long as we already deposit that amount just think of it that it wont be returned back to you so enjoy your game and dont chase losses, always be careful when depositing and budgeting so that you wont go over budget
340  Bitcoin / Bitcoin Discussion / Re: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? on: September 08, 2023, 04:10:27 AM
There is no need to go into Altcoin investment as there are chances of scams most of the time. If you want to make a smart investment, it is definitely better to invest in Bitcoin, in which case Altcoin can never be a smart investment. We think that now is a good time to invest as the price of various coins including Bitcoin market has decreased. If we invest from this bear market then surely it is a bull market and we will expect huge amount of profit. And if you invest from Bitcoin current time then you have to invest from $26k dollars. Although there won't be much profit now, if you wait until the bull market, you will more than double your profit. And if you invest the same amount of money in altcoin then surely there is a possibility of losing money in future. That is why you must invest wisely in the field of investment.

Many people always say that all altcoins are scams but do you see that ETH or BNB are more profitable than bitcoin during the 2021 bull season?  and I bet you that ETH's increase in the upcoming bull season will also be more significant than bitcoin's.  bitcoin is safer, that is undeniably, but not necessarily bad if we invest in altcoins.  just because you don't know enough to profit from altcoins doesn't mean everyone else is like you.  smart investments are those that bring the highest returns, not just one thing.

Others haven't experienced it for sure, which is why they are saying it, but those who said it said that they only want those new release coins to invest in because it's cheaper than having ETH and BNB, and that is where they get scammed.
 
But having both Bitcoin and altcoins is good as you diversify your investment, but be cautious, and it is better to only invest in top altcoins like BNB, ETH, and XRP.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 ... 344 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!