Hello everyone, I’m interested in becoming a merit source in this forum because of the following reasons.
1. I'm always running out of smerits reason being that I have an eye for quality, educative and engaging posts and discussions.
1. I have noticed that the trading, politics & society and the Economic board are lacking merit distribution.
3. I earned all my merit from different boards across the forum, this shows how active i am in the forum and across different boards.
I intend to reward quality and educative posts anytime i see them especially in Economic, trading and politics & society board.
Here are is my list of under merited postsTo clarify: this is not about the pure transaction volume. It is completely obvious that for every Bitcoin that is bought there is a Bitcoin that was sold.
But on the other hand there is a difference between "buying" and "selling":
- Buy / Purchase: add a buy order to an exchange
with it either being executed immediately (market order) or the intention of it to be executed in the short-term. (this is important, because there are fake orders, see below)
- Sale: add a sell order with the same intention.
Sometimes what I want to know how many orders of each kind (Buy/Purchase or Sale) are added each day, with the intention to know the difference between these two numbers (measured in BTC).
The problem is that we'd need to know the real time orderbook for a precise estimation. And data about that seems to be not publicly available normally. In addition, there's the difficulty of fake orders that later are removed or placed very far away for the spot price only to try to incite either optimism or fear ("buy walls" and "sell walls"). If they were removed the same day, it would be easy to spot them if you had access to the real time order book, but some of them are there for longer.
So for an approximation I came up with the following idea in
this thread:
- Take the hourly candles of the market data of a major exchange.
- For each candle, take the volume and the direction (green or red).
- If the candle is green, add the volume to the "Purchases", while if the candle is red, add it to the "Sales".
Of course this method is inexact but it becomes more exact if you use more precise candles, i.e. 5-minute or even 1-minute candles. And if you had a candle for each executed order that would be the perfect way. Because if, due to the execution of the order, the price becomes higher, then it is clear that the order was placed with the intention to buy, and vice versa.
I want to ask:
- Has someone tried the same thing and found a better method?
- Is there another flaw I'm not taking into account than the candle imprecision?
I think that World War III will never be declared in the world, or if it is, it will be done at the very last moment of the war, or an attempt will be made to end the war by declaring war, and its technological and economic impact will be even more extensive.
That is, in such a situation, instead of dropping nuclear bombs on the main and target country, preparations will first be made to destroy the technology and power system of that country, and even if nuclear bombs are used, a ceasefire and an armistice will be declared immediately.
Why do I think so?Almost all the powerful countries in the world now have nuclear weapons, which are always a threat to the world. If World War III is declared in the world, any country will have the opportunity to drop nuclear bombs to attack and intimidate in any situation through various political strategies.
So I think that even if World War III starts and the world falls into a state of war, it will never be declared,
Or even if it is declared, powerful countries will try to bring the war to a final stage and end it.
That is, they will want to stop or postpone the war within a short time or a few days of the announcement.
Why would this happen?In this age of technology, if an announcement is made that will spread around the world in an instant, affecting everything from the major trading markets and exchanges to the stock market, where there is a possibility of a massive collapse, large business organizations are at risk of losing money, in short, the world's capital markets will become unstable,
So even if a world war-like situation develops in the world, such an announcement will never come because it will be seen as a real fud.
If so, why do I think that the final phase will be announced?
One of the reasons for the announcement of the final phase is to immediately end the war and create an opportunity to buy stocks and crypto at low prices, taking advantage of the short-term volatility of the capital market, which will help them recoup their losses during the war.
Because, after such an announcement, the transactions and prices of everything, including the stock market, Bitcoin and crypto, will decrease.
And if such a situation arises, then those who understand my post will definitely have the opportunity to buy a lot of BTC Bitcoin at a low price! 
( If you're lucky! ) Finally, the current capital market is involved in technology, where a single announcement can shake the entire market, which politicians would never want, and if a world war is declared, any country will have the opportunity to use nuclear weapons.
Also, I think that in the future world, not nuclear weapons, but virus weapons will be used.
Covid could be an example of such a weapon!
( Although I see this as a pandemic virus)
Be sure to share your thought and opinion with us about this matter!! 
I don't think that AI is something to be worried about or concerned about whenever there is any technology revolution people always feel a bitconcerned and depressed as we have seen in the past that when computers were coming and became common then people started believing that they will eliminate the job of human being but they end up creating a whole new industry and million of new jobs positions, similarly AI is very powerful but it still depends on human being data and supervision even the ronots that can train at the robots are designed by engineer and there are people who operate them and who create models for them, similarly teaching creativity there are certain decision taking related jobs there. Instead of being worried about that AI is going to replace human being work the only thing that AI is doing it is just changing the way we work the people have to learn new skills to cope up with the changing environment so they they can be easily adjusted without assuming that AI is replacing humanity.
This is what many traders lacks . And what make most of them compares trading and gambling, yeah they relate to some extent ( I will just say in the emotions part ). Yeah gambling and trading gives similar feelings when one is winning or losing , but works differently.
Now I will go straight to the point , Right Mindset a trader should have:
> Probabilistic thinking : knowing that losses are inevitable, because every trade has a chance to win or lose , focus one the edge not guarantees
> Emotional discipline: yes there’s two main popular emotions in trading which is fear and greed , but try to learn. How to control those emotions , don’t let emotions dictate your trades .
> patience : Never being in a hurry to trade always wait for high quality set ups with good risk to reward ratio , instead of forcing trades
> Risk-first mentality : most folks usually neglect this due to greed and big wins. Try protecting your capital before chasing profits , this should be one of your focus and stop blowing accounts
> Long-term focus : This one is very important , think in terms of consistent growth , not one time wins.(like some kind of gambling or something ) , most big traders went through the phase you are now .
> consistency over excitement: stick to your system rather than chasing adrenaline.
> Adaptability: you know the market conditions can’t always be the same so you need to learn how to adapt . Like adjusting strategies when the market condition changes .
And always make sure you do your research before trading any pairs , token , commodities or currency.
Before going into any investment there must be a proper investigation that will clear every doubt and fear. Starting an investment is good but calculating the risk involved is important for every business person wishing to start any kind of business available.
So many people decides to involve in a business mainly because of the profit they think can be gotten from that business that may not be the same for everybody.
I think it is the right to do before investing in any business because by carrying out diligent investigation you would know whether the investment is real or fake so you won't fall victims to scams. There is lots of fake investments everywhere so if you don't carryout thorough research you might invest in a fraudulent project so it is very necessary you have clues of the investment before investing your money.
Anyone that invest in anything that he or she is ignorant about is doom to fail, that's why doing some research about a field, a business or an investment is very important before risking your money. The only time you don't need to do any research is if you are already experienced in what you intend investing in, because knowing your left and your right, or the do and the don't is the only way to succeed in any business or investment.
Secondly, profits shouldn't be the main thing when looking out for an investment instead you should investigate whether the investments is real because that's what is mostly important
What's the essence of investing if it's not because of money?
If it's not because of money then why are you doing a research in other to succeed in it?
You should have been nonchalant about it, and lose your money if you are not interested in making money.
The only thing most people invest in that they don't pay much attention to profit making is Bitcoin, because some sees it as a store of value, as for businesses and other investment out there, it's mostly because of money.
Many of us by now already know where am heading to, l because we cant do without easing our stress without taking medications even when we know that we are not sick, but only tired of the stress form the daily workload, i know of some people that don't like medication at all, while some appreciates taking it even when they don't have to.
We have different people and purposes to why we can decide on taking medication, such could be as follows.
1. When sick
2. After undergoing Surgery
3. To cure ailment
4. For prevention against diseases
5. For Nutrient Balance/Supplements
these and many more could make us go on medication.
But today, some kind of lifestyle have gone wrong by abusing on the use of some of these medications as drugs, because when a medicine is not properly administered it turned a drug and could affect our body or behavior.
Taking pills after being stressed from work could have been prevented by taking some rest, drinking enough water and eating balanced diet, instead of taking body pain pills on what needed some nap for us to regain our body, i also found out that many have been used to taking body pain killer more often after been worn-out of little work, this is bad and affect our organs when taken in excess or overdose.
Any medication taken without being prescribed by the physician is an abuse and such could be termed as well as drug intake, because we are most likely not to take the right pills or proportion as needed adequately, self medication is not good and should be discouraged.
I am not asserting that this provocative sentence is 100% true. Nor I have enough information to prove that it is 100% true.
I even admit that this is not probably 100% true.
BUT
I make three bets:
1) "Crypto - of the poor by the poor for the poor" is not fully false as well. Not at all! There is remarkably large amount of truth in it - may-be 60%, may-me 70%, may-be even 80%.
2) The second part of the sentence ("of the poor by the poor for the poor") is significantly more true for crypto than for other popular investment instruments (for example stocks or real estate) as well as for other technological miracles of nowadays world (for example electronic computers or internet).
3) "Crypto - of the poor by the poor for the poor" is much more true than most nowadays people think. This meme is strongly undervalued in the memes market relative to its truth content. The dominant narratives of the present era tie cryptocurrencies rather with the rich than with the poor.
The basis of these bets is not only fantasy. As following I present some facts and findings that can at least partly justify making such bets.
Many cryptos advantages in relation to other investment instruments positively discriminate the people who have little or no capital.
Firstly, providing free starting capital from the FairMillions, FreeBitco.in and others (Where are the trillion usd market cap stocks that are provided for free for everyone?).
Secondly, the liquidity of the small market cap cryptos that is much better for small capital amounts and therefore provides much better investment opportunities for smaller capital.
Thirdly, the public, open nature of the cryptos as the shares (parts) of reputation in comparison with the secret, closed nature of stocks as the shares (parts) of business. The last give the tremendously high advantage to insiders and force all remaining just to gamble in blind trust whereas in cryptos there is much more solid basis for outsiders to make sound investment decisions based on information publicly available. Business is secret by nature, reputation is public by nature - therefore it is much much easier to calculate fundamental values for cryptos than for stocks if you are not an insider.
Fourthly, the exceptionally high volatility of cryptos that makes sound investments increase in the pace that is almost unprecedented outside and that is much more suitable for people who start with no capital.
In addition to that, there is some evidence that most the creators of crypto (Bitcoin) were not rich or at least they were not (financially) rich in comparison with their intellectual richness. At least we can say that if they were rich they hid their richness very well. The first Bitcoin investors who were (publicly) rich were the Winklevoss twins and their investment itself remarkably helped to rocket the BTC price into the sky. Before Winklevosses there were no rich Bitcoin investor who put substantial proportion of his capital into Bitcoin (please correct me if I am wrong!). Of cause, the last does not 100% prove that the creators and pioneers had no great financial capital - only that they did not use it for buying BTC. It is probable that they were all perfectly happy with the amounts they were able to mine and just did not want to buy more from the market.... but this probability is not big.
And last but not last - the explanation that the crypto creators provide to their creation. This was everything but elitist. This was as anti establishment and anarchist as possible. This did not treat "our" government as a friend. This did not treat a blind trust as the main virtue of mankind.
Yes, they did not declared that crypto is designed to help the poor. They stressed on freedom rather than on "help". May-be they knew that the poor really does not need any fish but just fishing equipment
You are right, economy dimension is one of the things people need to consider before considering marriage. But it is not the only thing to consider though, love is also one of the fundamental foundation to consider before marriage. But in our society today, love alone can’t pay bills, solve every challenge that requires money or feed family. This does not mean that people are supposed to be rich before getting married, or end up with a rich partner, so it is good to know if your partner is financially discipline, willingness to contribute to the family, or have a hard-working spirit. The both partners can start with the little money they have, only if the both partners have the right mindset and the determination they can build something meaningful together.Conclusively, the most important thing is not how much money a person has today, but if the person has a good character, vision for the future, and financial responsibility. Marriage is a partnership, and when both partners support each other emotionally, financially and morally. The Relationship, will stand more stronger during difficulties. So. economy factors should be considered before making any plans for marriage.
Well, I've been addicted to trading for 2 years, but the eagerness to keep watching the market has already reduced compared to before. I don't know what you mean by "dangerous," but the only danger I could sense when trading is if you trade mistakes with no stop-loss and do some bad habits like overtrading and thinking about chasing your losses. That's a bad habit that needs immediate action because that's totally a gamble because you are not analyzing the market. Usually this kind of habit, chasing losses and overtrading, can wreck your account; no SL and no analysis is a pretty bad habit, and it can make it worse if you are an addicted trader that doesn't review every mistake you made.
If you are following strict rules and risk management, even if you are addicted, it shouldn't be dangerous unless you are using your whole life saving as your capital; that's honestly dangerous while you are in the middle of studying the market.
Not all people who are experts at analyzing the market can be profitable; there are also experts who end up losing some trades, but they are following rules and risk management to keep their capital protected from unexpected market changes.
Another danger is that if you are a new trader and immediately use a large capital because you believe you know how to analyze and follow most traders on YouTube, you will lose all of your money because you lack knowledge of risk management and that's also a gamble.
To me this is a wise statement, because trading and investing are two different thing in the financial market, while both has buying and selling of assets, they have characteristics and risks that make them different.
Let look at the characteristics and risks that make them different, though both are risky, but one is less risky and more profitable than the other.
Trading involves buying and selling of assets within a short period of time, either within a minute, an hour or in a day in other for you to make quick money, which can be spent within a short time.
For the fact that trading is all about making quick money it can also damage you emotionally if you don't make quick decisions and react to market fluctuations.
Even as you can make quick money from trading it is also very risky due to market volatility, rapid change in price and leverage, which can land you in less profit making as a trader.
In trading, traders buy and sell assets frequently in other for them to take profit from the price movement, which can be less profitable most times.
Now less take a look at what investing has for us.
When it comes to investing, investors only buy assets and hold for a long period of time without frequent transaction of buying and selling of assets.
When it comes to investing, investors only focus on the fundamental analysis, long-term growth and diversification, not like trading were you have to carry out alot of analysises before you can start your trading, which is very stressful most times.
Generally investing is less risky and more profitable than trading, no threat when it comes to price movement just secure your investment you are good to go.
For investing your work as an investor is just hold an asset for a long period of time, for years or decades without doing any other thing rather than buying using the DCA method that is common among investors just to make massive profit in the future.
And also have it at the back of your mind that you must first of all know your investment goals, investing horizon and risk tolerance before choosing between trading and investing.
I pledge that I SuperBitMan will serve diligently and make sure that quality, engaging and educative posts from the above mentioned boards get enough merit that they deserve.
