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1  Economy / Trading Discussion / Re: TRADERS are not UNEMPLOYED on: June 20, 2024, 07:49:12 AM
I don't think trading is a job. Because for me real job is where you can make money daily from your hard work and effort. But trading is different, there's no guarantee that you can always make money, and you must always used capital for every trade and aside from that there's a risk of losing it. So for me, it's better to say trading is a business because it always has a risk same with trading. Despite of that, if the trader is not profitable and keep losing funds because they trade out of nowhere from the chart then it's called gambling, not a business.
Indeed, there is no guarantee that trading can produce the profits we want, the risk of losses is that you will definitely lose there. I think the term trading is the same in my opinion, whether it's work or business, it's just a term, but both terms are the same as doing a target analysis to be able to make a profit. I think if we want to make money we don't always have to look in real life, but with advances in technology like today, making money can be done anywhere, whether in the virtual world (internet).
In fact, by trading more people lose their money. This is because trading is initially considered easy and many people expect that it will be easy to earn money and pursue financial freedom, so because they feel great, they become complacent and run out of money. especially for those who don't want to learn, so what they do seems like gambling. This is where businesses need knowledge, understanding and experience in trading
2  Economy / Trading Discussion / Re: Biggest Crypto Mistake: Shorting Bitcoin on: June 20, 2024, 07:37:41 AM
But here's the golden rule: Never bet against Bitcoin.

I guess it's better to say don't against the surge or flow of the market, if the price of the coin is going down make a ride on it and not hope there's a reversal because sometimes a long down trend gives another dump. Currently, the market price of the bitcoin has dropped to 65k and many people get liquidated before the price goes deep its better to have at least signals and analysis with the market behavior so you don't get carried away with your position always mark to make a stop loss and take profit use this feature to prevent trade using your emotions.
On the other hand, using stop losses must also pay attention to the framework we create, because if not, we will often be faced with the stop loss being touched and the price rising again. therefore many traders are confused about it. However, we must always evaluate that we must provide a stoploss space that is not too close to the price action, but also still fits into our risk calculations.
3  Economy / Trading Discussion / Re: Trading psychology and TA on: June 20, 2024, 07:29:46 AM
Neither technical analysis nor psychology works good when they are done individually.
To make the most out of the trades both of them are needed to be used together.
I have personally carried out both individually as well as together and tested it and it works well when both are combined.
In my opinion, psychology and fundamental understandings are more important than technical ones because if you have good knowledge about psychology of market cycle, fundamentals of a project, for instance, Bitcoin, then have a good strategy, plan for your investment or even trading, you will have more chance to succeed in long term.

Even you make bad decisions for your trading positions that are temporary in losses, if you don't use leverage or futures trading type, you can hold your positions (in Spot trading type), and wait for opportunity to exit with a draw or better with profit.

If you lack of these things, you will have no second chance to find either draw or profit for your positions.

Strong fundamentals are definitely required because if the fundamentals are not strong then the project can collapse at any time and we would lose all our gain, provided we don't have a stop loss order in place.
Strong fundamentals should be a prerequisite and on top of that we can use psychology and take positions based on technical analysis.
This would give us better profits and more number of winning trades.
Fundamental analysis is usually applied to long-term trading. while psychology and technical analysis are needed for short-term trading, by drawing technical analysis we can have an idea of ​​where the market will go next, by having a solid framework, psychology is needed to carry out the scenarios that have been described in the framework, where we have to wait to price enters the buying area and vice versa
4  Economy / Trading Discussion / Re: crypto is actually the future on: June 20, 2024, 07:21:16 AM
the future of investment that is,

while traditional markets are becoming more and more unpredictable (prices driven by expectation/marketing), cryptos are drawing clear patterns over and over again.
the game is actually flipping over. traditional assets are becoming gambling, crypto is becoming fundamentally backed by historical data.


That's actually more like gambling but you won't burn all of it once you loss with trading, unlike with betting crypto. Lots of perspective linked to this mindset, but if you're an intelligent person you should be consistent with that principles that future in crypto would be unexpected. Many surprises comes and be prepare with worst case scenario that tend to exist.
It's true that the future of crypto will certainly be bright, although we also have to prepare for the worst case scenario to face it. Don't be lulled by high expectations, it's better to buy and forget about it, that way we will be able to hold it in the long term, and if the price is too high, there will be a lot of news, so we can harvest it. Don't gamble and have little patience
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin Dream! on: June 17, 2024, 08:27:24 AM
Dear friends, can I write my address here?
What if someone decides to help?
I will be happy with everything! And I promise to save these funds.
Everything that is happening in my life is not rosy, but there will be at least some help.
And I swear that I am not deceiving anyone and everything that I wrote is so in reality (

It will be considered begging, which is against the rules, and will be deleted by moderators, with the whole thread. They will be trashed.
Exactly. This is a bitcointalk forum that creates bitcoin and crypto discussion, not a charity that you will beg for some fund assistance. So your plan won't definitely work. Instead, be realistic and try to prioritize looking for a stable job first in order to recover from all what you have lost. You can do crypto discussion and investment later on without pressure on making profits, just focus first on making your life change for the better first.

It feels like the wrong place to ask for financial assistance here, indeed this is a place for bitcoiners, and many have been successful, but asking for financial assistance may not be that easy and will actually make your name bad. We must also be able to position ourselves according to the portion, because it is related to attitude, people first judge that maybe you will cheat
6  Bitcoin / Bitcoin Discussion / Re: Can we really fix the money @bitcoin on: June 17, 2024, 08:16:07 AM
Indeed, we feel that the monetary system has shortcomings, but if it is replaced with Bitcoin, it will not be in the near term. unless developed countries have replaced it, so that developing countries start to follow suit. Maybe it can be realized, but for the next generation after us, at the moment it feels very difficult. I think looking for profits from bitcoin would be more realistic
7  Bitcoin / Legal / Re: Tax free crypto idea on: June 17, 2024, 08:07:03 AM
In my country, tax will still be charged, because every person who is registered will automatically be deducted from tax, and in one year there will also be personal tax imposed but with the applicable provisions, especially if we buy property, of course we will know at least how much The amount of income we earn, therefore I think it depends on the tax regulations in your place
8  Economy / Economics / Re: Our decision making is responsible for the outcomes in our ways on: June 15, 2024, 07:32:30 AM
Therefore, we need a balance in living life between personal enjoyment and sustainable growth. While it's important to enjoy life, it's also important to consider the long-term consequences of our actions. We must be open to receiving suggestions and even knowledge provided, and utilize resources wisely as well as evaluate and self-reflect on the actions we have taken, so that it can help us identify which areas we need to improve and make the necessary changes.
Living this life certainly requires a good balance in terms of earning money and enjoying income from the work they do and by considering the long-term consequences of course we will be more careful about the decisions we make in the life we ​​live, when other people give us advice. about making decisions in life, of course we have to be able to accept them, of course this will be very useful, by evaluating what we have decided in the past, of course this will make us know the advantages and disadvantages of the decisions we have made and this is very important to done after we do something about our future.
that's why we need referrals even though we have a lot of work and don't have time for it, because we really need this to prevent stress, many people are still young but their souls are not healthy because the workload is too much, besides that we also keep getting closer to each other. to God to always feel happy, because if things like this are not balanced, many young people will commit suicide. And of course you must continue to carry out regular exercise, because a healthy body is an investment
9  Economy / Economics / Re: Is Accepting Crypto Salaries Worth It? on: June 15, 2024, 07:05:13 AM

The main culprit? Crypto’s notorious volatility. Unlike a steady paycheck, Bitcoin and similar currencies can swing wildly in value. This means freelancers could see their hard-earned income shrink before they convert it to usable cash.


In my opinion , Volatility won't be a concern when using stablecoin for payment , but for other altcoin, it can be an issue . The value of a coin could change between accepting a job and receiving payment . in the worst-case scenario the coin could become worthless turning you into an volunteer . Overall there are more pros like low fees and near instant withdrawals . Other payment methods , like Paypal can take 1-3 days to transfer to my bank account .


Stable coins are not a problem in payments because their value seems to always remain the same, however, the salary and employees must also understand cryptocurrency, otherwise this can also have bad consequences for employees, considering that if they are not knowledgeable and trade it, their salary could run out and of course will have a bad impact on the family economy
10  Economy / Economics / Re: How is the cost of living in your country? on: June 15, 2024, 06:49:46 AM
Inflation is general. It’s in every country on earth. Unless the country doesn’t use fiat (which isn’t possible because what then are you using as legal tender). In the next couple of years, the cost of petrol would likely be more than that. And even if it isn’t, other items like food items, or clothes would cost more. How you’d know this is when you look back to how it used to be, you can see the trend of inflation.
However, with the implementation of inflation, people will have difficulty buying goods which are primarily their family's basic needs. I think inflation in a financially unstable society will only make things worse for society the difficulty of finding food is currently being exacerbated by inflation which is making the situation even worse goods rise, this really punishes the lower class by using the word inflation.

In my opinion, the state must be sensitive to the situation of its people, because many regulations are made without knowing the situation and make people have to follow them and submit to the laws in their own country, this is really unfortunate for lower and middle class people. because they will feel the impact of inflation.
Currently, many people complain that inflation is occurring which is causing purchasing power to decrease, because the increase in inflation is not commensurate with the increase in salaries. the economy becomes increasingly sluggish. However, those who can see opportunities will certainly look for additional income to meet their daily needs, so it is not surprising that currently many people have side jobs.
11  Economy / Economics / Re: Economic Implications of War on Individuals on: June 15, 2024, 06:38:13 AM
In war conditions, the economic impact on a family or country can be very worrying. Even when a country is at war, the price of goods increases very significantly, apart from that, people also experience a decrease in income and can even lose their source of income. In war conditions, perhaps what you can do to survive or overcome economic difficulties is to seek assistance from charitable institutions to help you survive.
in an atmosphere of war, food becomes gold, because of course the supply of food will be disrupted, making it difficult to find it, and even if there is, it will certainly have a high price. in a situation like that what we need is food and a safe place from war so that we can continue to live. All physical investment assets such as property will no longer have a price, it is more profitable to invest in Bitcoin
12  Bitcoin / Bitcoin Discussion / Re: Bitcoin not coin memecoin on: June 14, 2024, 07:24:15 AM
I have some questions

Will btc continue rising or will drop and fuk everything up

Not coin is it safe to enter this coin now

Does bitcoin effect memecoins on solana or base
You can always invest in the crypto market at your own interest and I would advise you to always follow your mind in as much as you want to make money from cryptocurrency. Not all coins are safe just like holding Bitcoin and you need to do serious research on the coin you intended to invest so you don't have to waste your money on unnecessary projects that would not give you a good reward. The crypto market is quite competitive that is why we are seeing so many projects that are good and bad. We can always make money in we out the money on good ones that can easily appreciate.
In plain view Bitcoin has different characteristics from Meme Coin, the safest investment reference in cryptocurrency is Bitcoin, and if you want to make a big profit you can get it from Memecoin, but it has a much bigger risk, therefore be careful with Memecoin because there is a lot of pump action and dump, so many people smile and cry in it. After knowing their characteristics, we can invest wisely in both
13  Bitcoin / Bitcoin Discussion / Re: Can small countries in accepting bitcoin as legal transaction? on: June 14, 2024, 07:13:54 AM
The fear of the government is that Bitcoin is took volatile and that is true but if they learn about the Bitcoin history, they will all be aware of the right season to expect huge profit from Bitcoin which is going to be beneficial to the country economy.
If the government were to accept bitcoin as their legal tender, they can't lift this implementation up when bitcoin is not doing well. It is true that accepting bitcoin as a legal tender will help drive their economy by attracting more investors and encouraging spending. Now if bitcoin were to crash, businesses would have to up their prices which is not ideal for anyone much less the government. Knowing when bitcoin will rise, or fall will not do anything for the government but warn them about future challenges.
on the other hand, of course the government wants control over the economy in its country, with its own fiat currency, the government can reduce the rate of inflation and can increase the rate of economic growth in its country, this will be different from bitcoin, as you mentioned above, if that happens then it will be difficult what the government will do, because it does not have full control
14  Bitcoin / Bitcoin Discussion / Re: Parents on childs savings bank accounts are waste of time if not saving on BTC on: June 14, 2024, 06:58:52 AM
Not all parents understand about bitcoin, they are more likely to be afraid because the value that can fluctuate at any time is what parents want, especially lower middle class people have no experience with any investment, so the way they choose is to save money in the bank or make deposits with the APY they know.

That's a safe way for parents to save assets for their children even if they ignore the rising inflation.

Whereas we, the easy generation, understand enough about bitcoin to choose this path instead of saving money in the bank because we have learned a lot about bitcoin the meaning of financial freedom.
Bitcoin will be much better for children's funds for future education or pension funds prepared from now on.
No matter how we see it, traditional parents will only prefer saving money in the bank as the most safety and reliable investment. And for me, that won’t be considered a useless thing since saving money in the bank has already proven its positive effects throughout those early years.

However, with this digital era, a lot of changes have taken place and part of it is crypto investment, particularly bitcoin. Investing in bitcoin has been highlighted more due to its high profitability and high sustainability in the long run, regardless of those parents who still chose the traditional way of saving their money in the bank which is never a bad thing also.
Basically we save money so that we don't lose to the rate of inflation, moreover we have bigger profits. In ancient times, the movement to save in banks was an action that needed to be spread, but in the past the situation and conditions were different from today, especially for young people who know Bitcoin, they will not save in banks, because investing in Bitcoin makes our money will increase, so that with these profits the banks will be increasingly abandoned
15  Bitcoin / Bitcoin Discussion / Re: how much do you love bitcoins? on: June 14, 2024, 06:52:21 AM
Bitcoin is illegal in my country where I live.

Quote
It's not that Bitcoin is illegal in my country so I can't invest.

What is it really? Is bitcoin legal or illegal in your country?

Because of bitcoin's decentralized nature, it has become almost impossible for the government to identify who are or who aren't using bitcoin. But I said almost because they can still somehow trace back the owner of an address and follow the strings.

Especially if you are using a centralized exchange, the chances of the government finding you has heightened. But if bitcoin is illegal in your country then it is most likely that centralized exchanges are banned as well. On the other hand, some people can still use bitcoin because they are very careful and discrete when making transactions.
in my country bitcoin is clearly prohibited as a means of payment, the rest is not a problem, trading or investing is permitted by the government. However, when the time comes to exchange it for fiat, the government can track it, because it is mandatory for KYC. On the other hand, in this way the government can collect taxes and generate income for the state
16  Economy / Economics / Re: Involve an attorney in your business dealings. on: June 13, 2024, 07:44:54 AM
IMO, you can call this term black and white. Everything will be documented and on paper when you've got some dealings to do.

And that's really the first thing to do when things go south and that's to seek legal counsel that will help you how to resolve these matters or how to counter that deal that went against your contract.

I've been into many business deals and fortunately, I didn't have to come up with this kind of situation.

If you know that you are dealing with good amount of money and a lot is at stake, a lawyer is indeed needed in your transactions. I can understand if you are only doing small business as you can manage it on your own. But if there are other stakeholders and they have vested interest in your business, it is better to have a lawyer that you can go to. You'll never know what will come up later on. You may need them even for consultancy services.
That's right.

You don't go into business dealings with involvement of a lot of money without having a lawyer. You are doing it in paper and as well as the black and white matter for these deals are real.

On the corporations type of deals, you have your hired lawyer or on call that you're always seeking counsel with it.
In a number of businesses that generate large amounts of money, personal lawyers are really needed, because fellow large-scale business people will of course be very careful with the applicable laws, which of course must be prepared if something happens that is not as desired so that it can be stated in the articles of the agreement. It is agreed that if this is not orderly it will usually be complicated in the future. Therefore, legal advisors are needed to anticipate future problems
17  Economy / Economics / Re: The government cares for no one but waits for you to get rich for taxes paying. on: June 13, 2024, 07:34:28 AM
...

Right! So even those poor people still paying taxes in a very different ways, that's also the reason why people are struggling in their daily expenses because everything they need has a tax payment, that results higher expenses. maybe we only see the big deductions due to tax payments but in reality, the tax bill is the same for everyone, it just differs depending on the state of your life.

Of course, each person has different financial capabilities, so even though the nominal tax charged by each person is the same, it feels heavy for some people, especially those who only have a small salary. In my country, those who are subject to income tax are those who earn above $3k per month, for those below that, the government still provides compensation, so it's actually not that bad as long as we treat taxpayers wisely.
Indeed, there are certain rates and certain criteria for paying tax, just as in my country there are certain income limits that are subject to payment of personal tax, and even that is calculated using a formula after deducting income that is not subject to tax, such as how many dependents you have. In fact, if all the elements run well, it won't be burdensome, but many people are exposed to corruption, which creates negative thoughts about tax rates.
18  Economy / Economics / Re: Your own people family best friends and loyal supportive people are true wealth on: June 13, 2024, 07:23:10 AM
When we find someone who thinks the same as our thoughts, of course they will really support what we are going to do, especially since we plan to develop our potential to be better than before and of course the support they give will be a motivation for us to be able to do it. achieve what we want, there are indeed some friends who are only good in front of us and behind our backs they even say bad things that we do and they could betray us when they see that we will be better than them.
There are many friends who are always ready to harm you by being with you. Try to stay away from these friends. Because harm always comes from your own people. Just when you can take the initiative to do something good, some people  Some people will give you good advice and some people will give you bad advice. If you want to live in society, you have to try to get along with everyone, just stay away from those who want bad things.
There is no need to expect more from friends or even fellow work colleagues, just do our work professionally and don't waste time just judging the character of the people around us. Good friends will not look for loopholes to correct our bad habits, especially when it comes to work problems. In the world of work, there are various characteristics of people that we always encounter, so we have to be quite selective and immediately get rid of toxic friends because they will hinder the work process that we are carrying out.
Relying on yourself is better than relying on friends, and if we intend to help friends, I think we will be helped without expecting anything, and when we need it, of course there will be one, although not all, friends who will help. Therefore, a life of helping each other is very necessary, and of course we also have to be smart in choosing friends, because many of them are double-faced.
19  Economy / Economics / Re: Should there be a limit to investing in your children? on: June 13, 2024, 07:14:01 AM
Parents investing on there children is very important because sometimes things may not actually work the way the parents had envisioned for themselves in terms of financial aspects and at that time or moments it could be very difficult for them to take care of there children properly in terms of there education and other things so if perhaps they have already established an investment for the children it will become very easy for them because the investment will actually go a very long way for those children.

Sometimes parents have money but their children are not old enough to take care of such an amount therefore the parents choose to invest that amount for the future of their children as a result of which that amount will not remain in the same value but will continuously increase as the time goes.

Thinking about investing at an early age for children is very crucial because all the time we are not wealthy enough to do something better for the future of our children. With investment it is also necessary to teach the children about handling of investment because only investment cannot give you profit if you have no understanding about it.
To teach children, we have to get used to behaving according to what we expect from them. we have to set an example for them so that they imitate what we do. the same as investing for children, this aims to ensure that their lives will be guaranteed in the future, moreover we will not know what will happen to us in the future, that way as time goes by children will understand what we are doing and they will do it too because it is considered something good to imitate
20  Economy / Trading Discussion / Re: Best guide amd step to learn to buy and trade on: June 06, 2024, 07:09:37 AM
Hi i am new into crypto world and i want to learn as much as possible so i ask if anyone know what is the basic steps to start and what guide is the best? I understand this is most different from what people think.. but it cant hurt to read it all.
First i just want to buy bitcoin for around 1000€. i will look at youtube today what the best way to do it is, then i want to learn trading but i will wait for that until i have teach myself more. we all start from scratch sometime?
I am so thankful for alll members here that taking their time to help me
All expert trader are came from newbie but they continue trading and never give up even if they experience lose and now they become expert because of so many bad and good experience from thier trading works, so for me if we don't stop learning or if we just continue we will surely learn on how to trade just don't hurry and you will surely learn, because there is a lot of video tutorial from different social media channels, youtube, facebook, twitter, etc., you can start by looking some video tutorial then get learning.
The concern is that novice traders only see the sweet side of expert traders, so they think that trading is a quick way to get rich. If you think like this, you will definitely regret it later, so cultivating a mindset for beginners is very necessary. and if we take a trading class, the main thing taught is usually psychology, then trading techniques and financial management. and so on is experience in trading, because all of this requires a process
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