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Messages - Nwada001

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16
Bitcoin Forum / Bull run started already ?
« on: February 12, 2024, 06:09:58 PM »
Is there anything behind this market upward movement today? It seems like I'm missing something in the crypto news market, or has the bull run already started?
 
There was some prediction that Bitcoin would see $50,000 before February 14th, and I was not very certain about it hitting that price that very day, but from the price movement, my chart captured its 24-hour ATH at $49,950, which is almost the $50,000 that was predicted.
 
If the market continue to move in this speed we might likely hit NEW ATH before the halving period.

17
It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.

This is one thing about trading: you need to set a limit on how much you trade in a day, and this limit should be based on how many trades you set and how much you are going to use for that trade. Even if the trade goes against you or in your favour, the moment you reach that limit, you should call it a day.
 
The moment your greed is accompanied by emotion, you are likely to lose it all in your trade. It will all start with chasing big profits, which will require you to take higher risks, and this high risk will lead to high losses.
 
The more you lose, the more you will leave to chase profit and conduct normal trades to the level where you start chasing losses. When you get to the stage of chasing losses without control, you are going to lose everything before you will be able to rest for that day.

18
Your opinion is greatly appreciated.
With the frequent increase in interest rates and the printing of foreign currency without limits, the financial system is already set to fall if action is not taken against some financial policies to tackle that.
 
In a world of economic downturn, crypto currency and some other valuable raw assets are the only escape plan to prevent total breakdown.

If you continue to save and have a large amount of money in your bank account, you will see the volume the same, but inflation will render those funds useless. It's better to start taking precautions now that there is still time to move your reserves out of fiat and invest more in bitcoin, gold, and silver.

19
Maybe but we all know that El Salvador is the first country to adopt Bitcoin as legal tender, so technically it has something to do with it and winning the Presidential race will kept Bitcoin at their country, at least when he is still the sitting President.
The "maybe" shows how uncertain you are, and I will join others in saying Bitcoin being a legal tender based on his role to sign that into law has a very little to zero impact on why he won this election again. When voting for president, they look far above all this before making their choice of voting.
 
If you check after the legalisation of bitcoin in El Salvador, there was a lot of racism against that, as the citizens seemed unprepared for that development, and if you check the number of youth and the number of users who are so interested in bitcoin, you can tell that they alone can't pull the vote to put him back in the presidential seat.
 
His re-election is based on his political power and impact on their society; if they didn't see him offer anything meaningful and valuable, especially to their economy, he could not have seen much support from his people.

20
This thread is absolute. I can't remember the last time I saw a casino reward their users with credit and points again as a result of their loyalty to playing with them, and those credits can be converted to real bitcoin and other crypto currencies that could be withdrawn in real life.
 
To answer the question, if winning and making profit are removed from gambling, only a very few individuals will still be keeping up with the game, as the profit and the hope to win something at the end of the day are what contribute to gambling being more fun to play.
 
I visit the casino to gamble with a few spare cash and I expect to make some winnings, and if those winnings don't come, I see it as that day not being my lucky day. I could call it a day and try another day if I believe that I could win something, which contributes to my high motivation to come back next time.

21
Economics , Sociology & Politics / Re: Workers are in danger because of AI?
« on: February 11, 2024, 11:45:07 PM »
Progress can not be stopped. We live in a world of balance. People got replaced by AI, they will find themselves elsewhere. Artists, poets, composers, designers, constructors, philosophers, teachers afraid to be replaced. I see them being more affordable. People are afraid AI will destroy them. I believe people have calculated such outcome and would be smart enough not to give AI full access everywhere.

People will definitely find a replacement that they can use if AI takes their job, but that can't be immediately, and besides, it's not all the time that AIs will take charge; there are still areas where human labour will still be needed in every industry.
 
The only set of employees who are going to suffer if AI is to take total control of organisational tasks are those who don't have physical skills, which require human effort aside from what machines can do, like repairs and maintenance of equipment. Those in that field will still be highly needed at some point.
 
Technological advancement has both positive and negative impacts on the economy. To the company, it will cost them less in terms of hiring workers, which will save them money that could have been used to pay workers, and to the workers, a lot of them will be sent back to the street due to their service no longer being needed in the company.

22
There is a huge possibility of younger or new generations adopting cryptocurrency investments compared to them getting interests on farming and food related sectors. What do you think? Does it have a good or bad effects on our economy?
There is a very high possibility that it's already happening. Many choose to invest in crypto currency now rather than going into the stock market. In the agriculture sector, crypto gives them easy profit, no stress, and no waiting time if they invest in the right coins, although there are pros and cons.
 
On the aspect of the impact on the economy in a small country where most of their investment is being channelled off the agric sector, there will definitely be a scarcity of food, which will result in food stuff being very expensive as the little that will be produced based on the few resources at hand won't be enough to cover the entire country, which means they will have to focus on exports in order to feed, and when there is a high rate of exportation of consumable goods, the price is definitely not going to be on the good side.

23
Trading (Not crypto) / Re: What does it take to be a forex trader?
« on: February 11, 2024, 10:26:08 PM »
so btw Forex and crypto trading which you think is more risky? or are the risk attached to both the same. I know in Forex there's no spot trading only leverages or future trading. While crypto if you still learning more about trading you could base on spot first.
Both have their own risk level; what matters is the trader and which one is easier for him or her to understand. But as I have viewed the market, it's very difficult for me to succeed on the forex market because it's hard for me to understand how that market works. I'm more comfortable with my crypto trading, especially on a less volatile token, which I trade on a daily basis.
 
In my own sense, the forex market is much more risky than crypto trading, unless for those who trade on the futures market, which is one part of crypto trading and can liquidate a user's asset within a short period of time with just a slight market change.

24
Altcointalk username: Nwada001
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25
     -  Any private posting on any platform or social media is like allowing thieves to enter your home to steal what they can profit from inside your home. Or, in another example, you gave your car key to someone else who could get it or steal it from you.

If that's why posting a private key like that is scary, it's a trap or bait for a hacker or scammer for those who don't know about this field, and their victims are those who are overcome by their curiosity to try it. Be careful, of course.
If the Op was only talking about those who carelessly post their keys online, as a result of them not knowing what they are doing or getting it exposed in one way or another, it could have been a different case here.
 
But he is trying to tell us that all the private keys to our wallets are being compromised and a particular site has access to them, and we are just watching and using something that someone can wipe at any time without our notice.
 
Which is just a ridiculous thing for the Op to imagine. A cheap way in which he or she is trying to lure people to come to him for help, in order for them to get their wallets protected, is why he is looking for means to steal from those who will buy the story and ideas.

26
Is it safe to go all in on cryptocurrencie now.. Have we bottomed??
No matter the market condition and time we want to invest in crypto currency, I don't see the idea of going all in as a good one. One of the risk measures is to stay and invest what you can afford to risk and not invest what can cost you everything if you make any single mistake.
 
There are situations in which we see the market and we think investing everything is going to reward us with a larger profit. The higher the investment, the larger the profit. There is no doubt in that, but it could also happen the other way. That's why we need to proceed with caution when making investment decisions in order for us not to sink our entire finances into one basket.

27
Cryptocurrency discussions / Re: Crypto is truly valuable to our lives
« on: February 09, 2024, 12:36:40 PM »
I have several cryptos that give me profit every week. They are different because they are not the same and at the same time have a level of aggressiveness when it comes to their volatility. And we know that when an asset is not volatile, it is not good to engage in trading activity.
The volatility of an asset is what makes it an option to be traded in the first place because no one wants to stack their money where they will not expect profit in return some day, even if it doesn't happen immediately, but there should be hope of it happening anytime in the future.
 
When you talk about the coin you have that gives you profit every week, are you in any way referring to rebase tokens? Which gives holders some percentage from what they earn on their buy and sell task. If that's what you mean, most of those tokens and their volatility are really high as the price, when it starts dropping, falls down like rain.

28
All I see is that you, the Op, are trying to promote a particular site, trying to convince everyone that there is a site that has access to their private key and seed phrase, and if this is your story being bought by those who don't know how all this works and how to protect their wallets, you might now come back later to offer some private key sales and all of that.
 
If there had been anything like this earlier, it could have been discovered, and people's funds could have been stolen without their consent. No one could have even trusted to have their money on any crypto, as it can't be said to be safe.
 
Just wake up from this illusion and focus on the things that are real; no one is buying this, and believing in this is all going to mess with your head when there are far better things to focus your research on.

29
it is like If you plant a tree will it be sure that you will get fruits? you need to take care of your tree and wait for years before fruiting , this is the same as Crypto investing , we need to be patient and be aware of possibilities like in tree planting there are typhoons or  pests that may affect your planting but it is you to take care of them first while waiting for the perfect timing.

When we use fruit to describe crypto currency investment, we should also be aware that planting the wrong fruit in the wrong season can lead us to wait entirely in vain, as the fruit might end up yielding us no single fruit at all; the time and resources invested in it might all just be wasted.
 
When talking about crypto investment, we should think about what we invest in and what we plan to hold for a long period of time. ETH is worth it, and we can buy and hold it for a long period of time in order for us to see the profit from it, but if we make a mistake and invest in the wrong coin, even waiting longer for it to give us a profit can put us at a higher risk than we could have ignored if we checked and acted fast on that investment.

30
Micro Strategy is really going up with their vision to support the bitcoin network with their investment in bitcoin. They so much believe in the network and have been rendering their support by buying a very large amount of it. With time, I believe they will be able to accumulate up to 1% of the total bitcoin supply, which I believe will be part of their target for the year.
 
I also don't see any doubt about them calling themselves the first world bitcoin development company, as they are doing extremely well in terms of the activities in transactions that they are conducting, buying and holding a lot of coins. If I'm not mistaken, they are among the top list of bitcoin holders right now.

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