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261  Bitcoin / Bitcoin Discussion / Re: Bank vs Crypto: Are they opposites? on: September 19, 2023, 04:14:01 AM
Let's get something clear here guys, banks are the custodians of fiat (government approved currency ) while cryptocurrencies are digital currencies which transactions are recorded, verified and maintained by decentralized system using cryptography. Therefore cryptography can be liken to a digital bank.
The reason why most people might prefer fiat or rather commercial bank for their savings to cryptography is its volatility. However both serve almost the same purpose; medium of exchange for goods and services.
Your explanation is quite direct in this regard because you have also explained the differences between the two and the similarities between the two through almost similar goals. However, over time, most people have also chosen cryptography for their investment, although they also do not stay away from conventional banks because they may still be needed to store some of their fiat. But as for the problem of using both of them, I personally still use them very often because up to now there have been no problems that have prevented me from continuing to use both of them.
262  Economy / Economics / Re: Building wealth it's not just one time Luck on: September 13, 2023, 03:57:39 PM
Exactly, I agree with your point, when investing with your previous profits and you don't have a specific plan am sure you will lose your fund, on anything you are doing, you need to have an idea before investing, anyone who is succeeding in investment now, has thoughts and expertise on the investment they are doing, because without knowledge, I don't think someone will succeed, I can say building a wealth is not an easy thing to do, you need to wake up and you will never give up before you can achieve your goals.

Nowadays, everything we do really requires knowledge as a starting point, especially if it is about investing in the crypto market, which basically has very sharp price fluctuations every hour. So it cannot be denied that every person must have basic knowledge that can provide a little guidance for him apart from guidance from other people's advice on this matter, because someone who is determined to invest without having sufficient knowledge will definitely experience losses more easily.

And he could even lose his capital if he doesn't have the slightest knowledge to start this, because someone who carries out investments without sufficient knowledge and experience will definitely not know how to manage his capital or investment well and can also panic more easily when he sees decrease in prices in the market.
263  Bitcoin / Bitcoin Discussion / Re: Hope is all I have left on: September 13, 2023, 03:24:20 PM
Indeed that is the most important thing. We should focus on making more money and increase our investment in bitcoin. Even if it's only little by little. Well that's not a problem. Because we only have to invest according to the capabilities we have. And never enter by forcing yourself. The current market recovery could be temporary. Because some analysts say that a deeper decline could occur once again before the bull market truly arrives. So I think this is like the last chance to continue accumulating for a long term investment before the bull market comes. However, the money used must still be cold money. And don't use the money we need in our daily lives.
What market analysts say could be true because the price range currently seen in the market still tends to be the same, namely $26K. This means that there is still not a big recovery in Bitcoin prices so this can still be used as an opportunity for anyone who wants to continue buying Bitcoin now or before the bull market occurs. I am also still quite happy to take advantage of market conditions like now with as much capital as I can because the bullish market predictions seem to be real for everyone to see, especially for the increase in Bitcoin prices.
264  Economy / Trading Discussion / Re: KYC matter? on: September 13, 2023, 02:07:37 PM
What are the repercussions of failing to complete KYC on an exchange?
The impact can be very different from each exchange because there are also exchanges that do not have to carry out KYC but can be used as usual without any obstacles. For example, some exchanges do not have to carry out KYC but can be used comfortably by everyone, please see this topic mate No-KYC Exchange Encyclopedia

But for exchanges that require KYC for each of their users, the very real impact felt by the user is not being able to make a deposit when he fails to verify his KYC. I saw this on the Kucoin exchange, which currently requires KYC to be able to make deposits into the exchange, so if you have also failed the KYC verification, please try again if this is required for the exchange you are using.
265  Economy / Economics / Re: Which problem will you choose to solve? on: September 12, 2023, 01:21:35 PM
It seems like it is a natural law that humans need each other and cannot live alone. Therefore, don't be disappointed about being poor because we can work with rich people and learn how they work, so we have the opportunity to become rich too. and rich people must be able to respect poor people, because after all we need their energy to achieve income that continues to be created. therefore mutual respect will make everyone feel happy with their lives

It is more of a law for the life of every human being on this earth, because the attitude of mutual respect and respect for each other is part of the etiquette in life. So that the need for each other between rich people and poor people can happen well because basically rich people will not be able to do all the work by themselves if they don't rely on the labor of poor people or rely on the intelligence of poor people.

Poor people have the opportunity to become rich because they work for rich people with a very decent salary, but poor people who only work for their daily needs will take a long time to become rich because they do not have enough income to make savings in their lives. So in this case it is very clear that poor people really need rich people so that they can become rich one day, apart from their labor being needed by rich people who have more places to employ poor people.
266  Bitcoin / Bitcoin Discussion / Re: Hope is all I have left on: September 12, 2023, 12:50:01 PM
The world are seriously facing the economy challenge's that all also affect our traditional business today and even here in cryptocurrency market that is also experiencing bearish market, never give up in cryptocurrency is just a matter of time crypto market we recovered back, which taken bold step investing little is not wast of time or resources and is good to keep hope alive while keep holding and buying little you can.
Still holding a number of assets that we have previously purchased and also continuing to buy again in current market conditions is not bad. Because whatever conditions we are facing now, we must remain calm even though we don't have to be silent in our movements, whether it is to buy or work to earn income so we can buy more. A close example is buying Bitcoin which is currently starting to show a slight price recovery in the market so it wouldn't be wrong if everyone wanted to take steps to buy again before the price recovery occurs even more.
267  Economy / Trading Discussion / Re: When Trading becomes Unfavourable on: September 12, 2023, 12:29:06 PM
By using stoploss plus, it can give us the opportunity to get better profits, and if it doesn't go according to plan then we will still make a profit. in this way at least it can lighten our mental burden so that we can still think positively. actually no one knows what will happen to the next market so we seek security in trading, and that way we can control the feeling of greed that often arises, where it can have bad consequences and damage our psychology
The function of stoploss is to set a limit at a certain point on the assets you want to invest in so that you can minimize losses in the market and this is very often done by investors. Because the application of stop loss is only for those who are able to withstand losses at a certain price point so that the losses are not too much, it is clear that it will not be bad to use because an investor can determine the burden of losses that he will bear himself. Because in terms of profits, of course everyone is always ready to accept them well, but in terms of losses, I think not everyone is able to accept them at a certain point.
268  Bitcoin / Bitcoin Discussion / Re: My Preparations for BTC Halving and bull market on: September 10, 2023, 11:05:25 PM
A link doesnt automatically imply a causation. Geopolitical events, technological improvements, and market sentiment can affect market movement. Your prediction about bull runs' uncertain future is correct. Even though the Bitcoin halving event and timing are known, tying it to a bull run may be too straightforward. Bitcoin is a volatile market with no algorithm or formula that can predict the future. Thus, investors should only risk what they can afford. Can you explain how buyers should prepare for these unknowns?

Being prepared to face the unknown is being prepared to withstand any risk if it comes in the future, because as you said it is also logical enough for investors to understand, where they only have to take risks based on the abilities they have. It doesn't make it forced, because this is about market conditions whose certainty is still unknown even though there are many people who already know what events can affect the market and you have also mentioned some of these things.

However, things that have been predicted can still change because as we know, price and market predictions are initial guesses from research by experts and also each person based on what they have experienced before, although there is no complete guarantee that this will happen. -Things that have happened can be repeated more easily in the market because we are always in different years with different events, even though the names for each event may not be much different.
269  Economy / Economics / Re: Are you risking investment in other things? on: September 10, 2023, 01:29:12 PM
Diversification is a key in avoiding bankruptcy.
every investment is risky, you make plans to be able to succeed. Bitcoin or any other investment.

Real estate in the country I live in is dirt cheap. The population is kept moneyless.  So the theory.

It is quite a shame if cheap real estate is not put to good use because it is an opportunity to make a profit in the future. But when money is the obstacle, it can be very difficult to get real estate even at a very cheap price. And when that happens in your place, I think the people there must feel a little regretful when they don't have the money to get it.

So I think the key to avoiding bankruptcy is really necessary because this is also part of how to save money in life. And it can help everyone who is struggling in a business to become better because people in your place should be able to do that in order to be able to invest in several things and save to be able to get other best assets such as buying real estate at prices the cheap one, because in my place it is very rare to find real estate at an affordable or cheap price.
270  Economy / Speculation / Re: How do you suggest I handle incorrect price predictions? on: September 10, 2023, 02:43:18 AM
The goal is not be correct in the market place, The goal is to make money. Remember that. Specualating price prediction is very far different from trading. As you know basic trading, there most of the time quarterly shifts, but it doesn't mean it will go to that direction. Not because price is going higher, it will go higher directly! so that oether than price prediction also predict the WHEN it will be trading.
What you said is quite simple and easy to understand because you stated that price prediction is something that is very different from trading. I really agree with this because as we know that trading is only part of the way to make a profit through the market, while predicting prices is everyone's way of seeing the potential profits they can get when the price is at a certain level. And this is of course very different from trading in a matter of days because price predictions are usually aimed at several months, not just one day. So it's quite clear what you are saying.
271  Economy / Economics / Re: Building wealth it's not just one time Luck on: September 10, 2023, 01:25:59 AM
Building wealth first demands you focused on a knowledgeable form of investment, capital to kickstart
and your readiness to eliminate your expenses savings at unecessities then it demands your energymatic determined hardworking of the potentialities to make incomes and then it demands your top up to reinvest upon investing more like the thought of making a long time goal.

Someone who wants to build wealth through investment must have better focus so that they can carry out the methods they take more consistently. Because as long as the methods and efforts are correct and continue to be done consistently, the results will definitely be clear, even though sometimes they will not immediately match expectations.

Building wealth for yourself is not easy because basically you have to have help through more knowledge. Not to mention that when someone is going through the process, he will encounter various challenges in his life so that he has to think harder and wisely so that he can face these challenges well enough and not lose his focus because of this.
272  Other / Off-topic / Re: Everybody WILL hear the letters BTC. on: September 10, 2023, 12:06:36 AM
I live in a locality called MINAMA, in Rivers State, but a few days ago I traveled to a state called BAYELSA. When I reached Bayelsa, I saw a taxi that was writing BTC taxi and I was wondering, how? Why was BTC written on top of the taxi? I was beginning to think that the government of Bayelsa state had accepted BTC, but to my greatest surprise, it wasn't for Bitcoin, but an abbreviation of a sentence (But that doesn't mean anything).
If the BTC written on public taxis is not the abbreviation Bitcoin, it could mean the abbreviation Bayelsa Taxi Club. Only in that case you might think more of Bitcoin when you see the abbreviation BTC on some of the taxi cars there, so that's why it's important to research first before immediately judging what we see in the current world.

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The reason why I chose to bring this thread here was because I believe that the government don't want to do with anything called BTC (Bitcoin), but I was surprised to see the state government put the sign of BTCBTC in their state taxi, not just one but about 100 of the taxi he bought.
It probably wouldn't mean anything to the people there if the word BTC had been on the 100 taxi units for a long time because the people there would think the abbreviation BTC was for the taxi group, not Bitcoin. So it is also necessary for several people to inform and direct the people there so that they don't immediately think about taxis when someone mentions BTC, which you have also experienced when you see the abbreviation BTC on 100 taxi units which in your mind is Bitcoin.

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Although the government doesn't actually mean Bitcoin, as long as the letter BTC is theirs, it also means Bitcoin, and moreover, this BTC sign will also help spread the awareness of Bitcoin in that state, so every ear must hear the letters BTC. The old and the young will hear about it, so when Bitcoin will start pumping that everyone will be in a rush to join, nobody will say that he or she didn't hear about BTC.
If no one tells them that BTC is Bitcoin, then those who are there will always think that BTC is a taxi in their own area. So it would be better if there were people who wanted to give them a special understanding of Bitcoin so that they don't just think of taxis when someone says BTC in front of them. Because as long as no one wants to tell them that BTC is Bitcoin, then they will always think that BTC is an abbreviation for Bayelsa Taxi Club which was built by someone there.
273  Economy / Trading Discussion / Re: My experience as a beginner trader on: September 09, 2023, 10:21:53 PM
That's it there, you never quit rather you took some rest. It's normal for both newbies and even professional to take a break from their trades ,some even set up the number of days and pseriods they ought to use for trading in a week  in which when elapsedthey stay out of market entries.
It is more appropriate to say that it is a pause or short break before starting trading again in the market, because if it is said to stop, it might be understood as something different than just taking a short break in trading. And I think taking a short break is necessary in order to be able to organize everything necessary for the next trade on some coins that we like, but I would not call it a stop because stopping is not a wise option for traders who already know how and have often experience profits through trading.

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However,  they never quit instead they did take some breaks.So, You can also take breaks from your trades either you are winning or losing
Taking a break for a while is very common if it is deemed necessary by some part-time traders, but they will never stop with their activities as long as they still have the potential to make a profit with their trading. Moreover, some traders really like to use several exchanges with several methods that they consider reliable for trading, of course they will find it difficult to stop trading.
274  Bitcoin / Bitcoin Discussion / Re: Bitcoin obsession! on: September 06, 2023, 10:10:09 AM
I think bitcoin obsession is not bad as long as we continue to benefit from investing in btc, I think most people become obsessed (addicted or like) with bitcoin because they have experienced the benefits that can be obtained from investing in btc. sometimes at first our become obsessed with btc because our see other people who are lucky because they invest in btc. until finally learning about btc and successfully investing in btc and getting profits and finally becoming obsessed with btc.
Even though your explanation is too convoluted, there is a gist that I can understand about this. It is in seeing other people who benefit through Bitcoin investment, so that it can be an encouragement for us to like Bitcoin and try to continue to be obsessed with Bitcoin. And finally we also want to try investing in Bitcoin with all the abilities we have now, but apart from the obsession that is born it is based on the profits obtained by other people. Over time, we must also have another obsession to continue to study things related to Bitcoin so that our power to like Bitcoin can be even greater in the future.
275  Bitcoin / Bitcoin Discussion / Re: presuring someone into Bitcoin investment on: September 06, 2023, 09:39:12 AM
I will advice such method should never be repeated, forcing her is more of putting her life at risk, it is better to introduce it then let her find reasons by herself. If there was a crash after that investments, I hope you know the health condition you would have thrown her into and the  thousands of blame that will be on your head. As new beginner, investing what you can afford to loose is the best, profit should not be the priority if one can not manage the loss when it happens

In analogy, this is true, because when someone wants to do a job without any coercion from other parties, he will definitely be very comfortable doing it and will accept every consequence. However, profit will remain his priority because that is the main goal that must be achieved after going through several things before it is achieved, because the problem of losses that might occur in his work is clear to him and he is also definitely ready to face it.

Coercion of any kind is not good, but it also won't affect someone's life if the work is for the crypto space or Bitcoin. Because those who have wise thoughts, of course have thought about the risks that could occur so that they will be sufficiently prepared for this and will not be surprised when it comes to them, and their health will also be well maintained.
276  Economy / Economics / Re: People keep talking how weak dollar and how bad usa economy getting on: September 06, 2023, 09:09:42 AM
In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

Generally, each country will only care about the economy in its own region because any country will not always have the heart to see the condition of its people who always live in difficulty. The United States itself also still wants to maintain good relations with many countries, especially countries that have production raw materials that can be used as their capital to continue running factories and companies producing ready-to-use goods.

This means that unemployment, jobs and people's permanent income can still be created when large companies and factories can still operate as usual so that not many people experience difficulties in the economic sector. Because every country will continue to collaborate with related parties in order to continue with better development, even though it is slower because they have to face difficult conditions like now.
277  Economy / Speculation / Re: $30000 is becoming the resistant price on: September 06, 2023, 08:45:05 AM
In general, it is said that the price of Bitcoin falls in September, so there may be new buying opportunities. I want September to be good. They say the price will fall to 20k, but I don't think it will. There are two possibilities. If the price falls to 20k, it will be a buying opportunity. If the price continues at this level, we will have a good start to October.
Totally agree, because I also don't think that the price of $20K will happen this month or next month for Bitcoin even though there are experts who say that this month Bitcoin will still have difficulty experiencing an increase in market prices. However, I also don't think that the price of Bitcoin itself will immediately fall to $20K, because the rate of price decline tends to be slow and happens slowly. So it can be concluded that this is also based on the existence of support for price resistance at $25K before prices continue to higher levels again on Bitcoin.

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Avoid panic selling when the bull season approaches. There are a lot of people or institutions that want to buy Bitcoin cheaply before the bull season and it can affect the market a bit.
That's true and I also agree that the advice is to avoid selling because there is a feeling of panic in the bullish season. Other than that, for now it's also still a very good buy opportunity for everyone before seeing a strong start to the month ahead. Because I also think that next month there will be a more likely increase in prices than a decrease in prices, although it is not impossible for both of these things to happen.
278  Other / Beginners & Help / Re: Is Bitcoin really risky as they say? on: September 06, 2023, 06:43:58 AM
risk for what? risks regarding liquidity? regulatory risks? risk regarding value? political risks? risk disappearing from the earth?
Grin Grin Grin

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the conclusion is not only bitcoin which can be very risky even safe investment instruments such as government bonds, gold or deposits still have risks too, if you want your future to change then don't be afraid to take risks, so far bitcoin has tested its reputation and will never make you lose unless you do panic selling.

It is clear enough about what you are saying that the importance of knowing the risks in any job has become the main thing before doing any work, including work in the crypto space itself. I also quite agree with the explanation you gave because as long as we don't panic and sell at a low price, then clearly there will be no losses, although the key is to be patient to wait for another increase and waiting and being patient is also part of the risk.

And actually everyone can take risks based on their abilities because if they take too many risks it can also create a heavier mental burden. Another example is when someone wants to invest in Bitcoin with the capital they have without feeling forced to do so with a larger amount of capital. Because when someone who starts to dare to put some capital into Bitcoin for investment, he is also directly able to bear the risk based on the amount of capital he uses.
279  Economy / Speculation / Re: $30000 is becoming the resistant price on: September 06, 2023, 05:22:30 AM
It is not yet seen that there will be an improvement in movement, even though it has been holding around $30K for a long time. In the end, you have to accept the fact that there is a correction so that it reaches $25K, and of course, this is beyond expectations. But indeed, analysts say that September will remain red and there will be no changes that lead to improvement.Even though this will be a correction until October and the possibility of reaching $20K is not impossible, this is good news for those who will buy and will get a good price. Just hold on until the next bull market.
Waiting for the next bull market are people who have previously bought even though it is still quite good if they want to continue buying again now. Because the price of $25K or a little more than that is a fairly low price before the next bullish occurs, especially if the market sentiment this month will indeed be more likely to stay in that price range than excessive correction. Apart from that, there is also speculation that next month there will be a possibility of another correction, but I think more that next month there will be another increase on a repeated basis which is likely to return close to $30K.
280  Bitcoin / Bitcoin Discussion / Re: Government vs Bitcoin on: September 05, 2023, 03:02:46 PM
Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.

I don't think all governments are wrong in understanding the innovation of Bitcoin now, although in general there are still many governments who don't understand the innovation of Bitcoin. But in fact, I also think that the government already knows how much innovation there is in Bitcoin, even though most governments are still afraid to make special regulations for Bitcoin because they still really want to maintain the state regulations they have previously agreed to.

Actually, the rules in Bitcoin make a lot of sense even though you say they don't make sense, but I don't think so because when a rule aims to make things easier and no one is harmed, it should be reasonable enough for everyone to understand. But if this is related to the government in all countries, of course there must be another special study because each country has its own rules for accepting all innovations and also for making any new regulations that might be contrary to the basic rules that have long existed within the country.
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