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  1. #1
    Thailand Expat Saint Willy's Avatar
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    Why you need to be into Crypto trading

    Here you go folks the reason you need to be into Cryptos.
    Top 20 crypto trading countries.
    Vietnam
    India
    Pakistan
    Ukraine
    Kenya
    Nigeria
    Venezuela
    USA
    Togo
    Argentina
    Colombia
    Thailand
    China
    Brazil
    Philippines
    South Africa
    Ghana
    RussianFederation
    Tanzania
    Afghanistan


    What do they have in common? They are all third world countries, well maybe not the USA if you forget about the Bible Belt. Everyone trying to get rich by doing nothing.
    Warning: Be cautious if you are a fragile pink

  2. #2
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by Saint Willy View Post
    Everyone trying to get rich by doing nothing.
    So, just like any currency trading, stocks, shares, bonds etc.

    Risk & Reward

  3. #3
    Praise Jesus
    Edmond's Avatar
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    Crypto trading
    Would recommend buying, holding, selling, rather than trading, unless you really know what you're doing.


    Quote Originally Posted by Saint Willy View Post
    Everyone trying to get rich by doing nothing.
    If they're trading, they're not doing nothing. Studying, buying, selling, buying, studying, drinking, throwing things around the room and cursing heavily at various inanimate objects.

  4. #4
    Hangin' Around cyrille's Avatar
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    so buying, holding and selling isn’t trading?

  5. #5
    CCBW Stumpy's Avatar
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    Quote Originally Posted by Edmond View Post
    Studying, buying, selling, buying, studying, drinking, throwing things around the room and cursing heavily at various inanimate objects.
    Same as playing in the stock market. I broke a few things. Then when I had a win, I used the win upside to replace what I broke... Rinse and repeat....

  6. #6
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    Quote Originally Posted by cyrille View Post
    so buying, holding and selling isn’t trading?
    Not really, no.


    Trading x for y, z for t, y for z and t for x, wishing you traded h amount of g to get on b, then doing so too late, screaming at your loved ones, yes.

  7. #7
    CCBW Stumpy's Avatar
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    Quote Originally Posted by Edmond View Post
    Trading x for y, z for t, y for z and t for x, wishing you traded h amount of g to get on b, then doing so too late, screaming at your loved ones, yes.
    I remember that day trading hell . Leave in morning to work whistling and happy, around lunch, sell x for more Z as the trend looked good then by late evening you are screaming at the top of your lungs and wanting to kill the neighbors cat.

  8. #8
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    It took me around 3 attempts to accept that although fun, I'm really, really bad at it, and make a lot more just letting them sit, with a bit of playing thrown in.

    Eg, BTC on a slight dip. Put in a buy at 60k/sell at 65k/50k would be a small play that is more likely than not gonna pay some somtam money.

  9. #9
    CCBW Stumpy's Avatar
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    Quote Originally Posted by Edmond View Post
    Put in a buy at 60k/sell at 65k/50k would be a small play that is more likely than not gonna pay some somtam money.
    Day trading for me was a blast. I had some big wins and some big losses but the thrill was the best part. Anyone who says they are good at it are a bit delusional. To me the stock market was always the same for me like when I gambled in Las Vegas. The real challenge is knowing when to walk away. Some do that better than others. As an American guy, the bitter pill to swallow is that wins look great on paper but then you exercise for the "Real" paper and the IRS loves you for the capital gains. So make X on the sale. IRS will get 35% to 40% unless you keep the stock for more than 2 years. Of course that win is also considered income so you have to add that to your personal income and now you find yourself in a different tax bracket. Unless you play big sometimes the net of it all is very little and the added headaches just isn't worth it.

    I have a few stocks now that I kept. I enjoy just opening up my acct and see the change then log out and go about my day and no tax implications.....

    As for Crypto, my initial impression it seemed like a some weird scam so I never even looked into it and haven't. I still prefer the good ol Jacksons and Benjamins.

  10. #10
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    Quote Originally Posted by Edmond View Post
    It took me around 3 attempts to accept that although fun, I'm really, really bad at it, and make a lot more just letting them sit, with a bit of playing thrown in.
    Yep, trading crypto or stocks on a short-term basis isn't easy — especially since you're going up against the big boys and big firms who use million-dollar computers with algorithms to determine when to buy/sell.


    I had fun reading the charts and trading BTC a couple of years ago — I would buy on the support lines and then sell when it went towards resistance.


    Though, of course, "cutting lost" on the losing trades would eat away any gains.


    After a while, I just decided to let it ride and see what happens.


    I don't have much money invested — so, it doesn't matter what happens, and from time to time, I do some trading for fun.


    Some long-term investors see BTC as a hedge against inflation (like gold) due to its limited supply.


    Overall, long-term investors rarely have more than a small percentage of their investments in things like gold — or now crypto.


    The more exciting thing, IMO, is that the underlying technology of blockchain, whose use will only become more widespread in the future.

  11. #11
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    Btw, for those in search of some real excitement: Try trading FOREX — on margin.


    You gain or lose 20 times how much the market moved.


    It's a really wild rollercoaster ride.

  12. #12
    Thailand Expat harrybarracuda's Avatar
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    It's amazing how many people who don't know what they're buying and don't know how to buy are handing over money to scam websites, spivs and a variety of other people willing to take their money and steal it or gamble with it.

    And are then wondering why their money disappears.
    Warning: Be cautious if you are a fragile pink

  13. #13
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    ^ There's been more than one Dill, that's for sure.

  14. #14
    Excommunicated baldrick's Avatar
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    If they have a white paper and a future road map

    It is a scam

  15. #15
    Praise Jesus
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    Quote Originally Posted by baldrick View Post
    If they have a white paper and a future road map

    It is a scam
    Eddo Cheddo done up like a kipper again.

  16. #16
    Praise Jesus
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    A prom date promise.

    Get in on some Metaverse, if you're not already involved, for a 3-5 year hold.

  17. #17
    Thailand Expat
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    Quote Originally Posted by Saint Willy View Post
    What do they have in common?
    They are run by despots and riddled with corruption

    Quote Originally Posted by Saint Willy View Post
    well maybe not the USA
    That includes the USA.

  18. #18
    In Uranus
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    Quote Originally Posted by malmomike77 View Post
    That includes the USA.
    When was the last time you visited?

  19. #19
    Thailand Expat
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    When Saint Obamahama was running the show

  20. #20
    Thailand Expat
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    As you well know, there is no point doing travel threads - all that happens is they get piled on, usually by that same crew that never post any picture threads themselves.

    Actually, in the last 8 or so years i rarely take pictures on holiday. If i was to do a thread i'd have to force myself to take pictures. Some years back i realised i was spending forever going back through the hundreds of shots on holiday and farting around deleting the rubbish and keeping the select few only to file them away and never open them again - camera only comes out for the kids and their sprogs...grudgingly .

  21. #21
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Edmond View Post
    A prom date promise.

    Get in on some Metaverse, if you're not already involved, for a 3-5 year hold.
    Grab some Snapchat, you'll make good money within a year.

  22. #22
    Thailand Expat

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    It’s basically just a form of gambling then?

    No thanks.

  23. #23
    Thailand Expat armstrong's Avatar
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    I put all my money into Teak Coin.

  24. #24
    Elite Mumbler
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    Quote Originally Posted by armstrong View Post
    I put all my money into Teak Coin.
    You're lying, they were amulets. Given me nothing but bad luck too.

  25. #25
    Praise Jesus
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    Quote Originally Posted by Edmond View Post
    A prom date promise.

    Get in on some Metaverse, if you're not already involved, for a 3-5 year hold.
    SAND.

    Still a good price, despite going 5 fold in the last month. A nice wee earner.

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