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Showing 20 of 97 results by Kevystia
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Topic
Board Bitcoin Discussion
Re: Denmark consider taxing unrealized gain on bitcoin.
by
Kevystia
on 25/10/2024, 11:12:39 UTC
I really think taxing unrealized gains is a terrible idea for investors. It’s frustrating to think we’d have to pay taxes on profits we haven’t even cashed in on yet, especially in a market as unpredictable as crypto. It could put people in a tough spot, forcing them to sell their investments just to cover tax bills on gains that could disappear in an instant.
On top of that, it complicates everything when it comes to filing taxes. We’d have to keep a close eye on the value of our assets all year round, and that’s just asking for mistakes. If this kind of policy actually gets pushed through, I can see a lot of people looking to invest in places where the tax situation is friendlier, which would be a shame for innovation here. It just makes so much more sense to tax only the gains we actually realize when we sell.
Post
Topic
Board Bitcoin Discussion
Re: Denmark consider taxing unrealized gain on bitcoin.
by
Kevystia
on 25/10/2024, 10:59:57 UTC
You’re right, this proposed law is really crazy. The idea of taxing unrealized gains is quite problematic. We're talking about buying something for $10,000 and having to pay taxes on its potential increase in value, even if you don’t sell it. It would put huge pressure on investors.
Imagine you have Bitcoin that goes up to $30,000. You would have to declare that gain every year, even though you haven’t sold it. If the market crashes afterward, you’re stuck paying taxes on gains you never actually realized. It just doesn’t make sense!
And who would want to invest in such an uncertain environment? This could push people to sell their assets just to avoid being taxed on gains that could disappear. It goes against the whole idea of long-term investing.
Not to mention the paperwork involved. Keeping track of the value of your assets and estimating taxes every year? It would turn into a real headache. This is definitely a topic that needs serious discussion because it could create more problems than it solves.
Post
Topic
Board Bitcoin Discussion
Re: Microsoft shareholders will be voting if company should invest in Bitcoin!
by
Kevystia
on 25/10/2024, 10:43:40 UTC
I think buying shares to support the Bitcoin proposal is a solid move, even if the board is against it. A 'yes' vote could really make a big difference for Bitcoin! Every vote counts, so it's important to own shares before December 10. If enough of us rally together, we could really make an impact. Let’s show our support!
What do you think could happen to Microsoft and Bitcoin if the vote ends up being a 'yes' for the investment, especially given what the board thinks right now?
Post
Topic
Board Bitcoin Discussion
Re: The adoption of Bitcoin in poor countries: a source of conflict?
by
Kevystia
on 25/10/2024, 10:11:55 UTC
I took the time to read your various responses, and I really appreciated them. That said, I think this could lead to conflicts. First, there are often tensions between African countries, which do not always get along. Each has its own concerns and priorities, and this complicates things.

Moreover, we cannot ignore that some former colonial powers still exert a form of dominance over us. It is frustrating to see how history continues to influence our relationships. And then, there is the fact that in some countries, the currency used is not even manufactured locally. This raises questions about economic sovereignty and the ability to control their own resources.
Post
Topic
Board Discussions générales et utilisation du Bitcoin
Topic OP
Pourquoi les français ne sont pas fréquent sur ce forum
by
Kevystia
on 25/10/2024, 09:33:20 UTC
Je me demande pourquoi les français ne sont pas fréquent sur ce forum, à chaque fois que j'entre dans une discussion dédié au français je ne vois que des messages anciens d'autant de deux mois, il y a d'autres discussions ou les gens ne posent même plus leur préoccupation. Pourquoi cela est ainsi, j'aimerais savoir...
Post
Topic
Board Discussions générales et utilisation du Bitcoin
Re: Est-il toujours difficile d'acheter des cryptos en afrique du nord?
by
Kevystia
on 25/10/2024, 09:29:06 UTC
Oui il était difficile à l'époque d'acheter de la crypto monnaie. Mais maintenant je crois qu'il n'est plus si difficile , parce qu'il y a beaucoup trop d'échangeurs qui vous permettront d'acheter des crypto
Post
Topic
Board Trading Discussion
Topic OP
Understanding Trading Psychology
by
Kevystia
on 25/10/2024, 08:25:09 UTC
Hello everyone! Today, I want to talk about a topic that I'm really passionate about: trading psychology. When I started trading, I quickly realized that it wasn't just about charts and numbers. In fact, how we manage our emotions can truly make or break a trade. Let me share my thoughts with you.

I remember very well my early days. I was both excited and a little nervous. The fear of losing money felt like a weight on my shoulders. There were times I missed opportunities because I couldn't make up my mind, or worse, I exited a trade too early out of fear of watching my investment disappear. That fear is normal, but it's crucial to recognize it in order to master it.

Then there's greed. I think all traders, whether beginners or experienced, know that feeling. When you see a trade that looks promising, you want to go all in. I've often taken risks that I knew were a bit crazy just because I wanted to maximize my gains. That's when I realized how essential it is to manage emotions. And then there are those moments of euphoria, you know, when you're on a winning streak and feel invincible. It can be very tempting, but it's precisely in those moments that you need to stay vigilant and not forget your strategy.

To help me manage all of this, I've developed a few techniques. For example, meditation has become an integral part of my routine. Taking a few minutes each day to focus on my breathing has really helped me stay calm, especially before making important decisions. I've also started keeping a trading journal. Every time I made a trade, I wrote down what I was feeling at that moment. It opened my eyes to my behaviors and allowed me to better understand my emotions.

Speaking of decision-making, having a clear strategy has become essential for me. When I know exactly what I'm doing and why, I'm less likely to give in to my emotions. I also use checklists before entering a trade. This helps me stay focused and avoid impulsive decisions. And most importantly, I strive to set realistic goals. At first, I often aimed too high, but I've learned that it's much wiser to focus on achievable goals that motivate me without putting too much pressure on myself.

Another crucial aspect is maintaining a balance between trading and my personal life. I've learned that taking regular breaks is essential. Sometimes, you just need to disconnect completely to recharge. I engage in activities that I enjoy, whether it’s exercising, reading a good book, or spending time with friends. This helps me reduce stress and keep a healthy perspective on trading.

In summary, I genuinely believe that trading psychology is just as important as technical analysis or trading strategies. By learning to manage my emotions, I've seen my results improve. Every trader experiences highs and lows, and it's important to be patient with yourself. Feel free to try these techniques and see what works for you.

I hope this sharing will be helpful! I would love to hear about your own experiences and tips regarding trading psychology. Thank you for taking the time to read this, and above all, happy trading to everyone!
Post
Topic
Board Trading Discussion
Re: Is Backtesting Enough to Guarantee a Trader's Success?
by
Kevystia
on 25/10/2024, 07:28:45 UTC
So you're answering your question, then? It sounds like you're quite confident that backtesting is important for a trader's success already. I believe nothing can guarantee your success as a trader unless you can see the future.

As far as I know, backtesting is usually used to train or manage trading bots. If you're doing daily trading wouldn't the trading result show whether your strategy works or not? How would you backtest your daily trading strategies? On which app? It would be nice to know if you have a dedicated tool for that.
-snip-
You can backtest on several trading platforms, but I personally use TradingView. To access this feature, you’ll need to subscribe to one of their paid plans. You can also use platforms like FXReplay.

What would be the difference between the two?
The difference between TradingView and FXReplay is that one is a trading platform where you can perform live analyses on various financial assets (TradingView), while the other is solely dedicated to backtesting (FXReplay).
And I bet that all beginner or professional traders know about TradingView. I say this because when I started trading, TradingView was the first platform I came across.
Post
Topic
Board Trading Discussion
Re: Is Backtesting Enough to Guarantee a Trader's Success?
by
Kevystia
on 25/10/2024, 05:49:04 UTC
So you're answering your question, then? It sounds like you're quite confident that backtesting is important for a trader's success already. I believe nothing can guarantee your success as a trader unless you can see the future.

As far as I know, backtesting is usually used to train or manage trading bots. If you're doing daily trading wouldn't the trading result show whether your strategy works or not? How would you backtest your daily trading strategies? On which app? It would be nice to know if you have a dedicated tool for that.
By trading daily and consistently backtesting, you'll start to see your mistakes and identify the principles you're not fully following in your own strategy. Backtesting lets you put your strategies to the test—it’s like a shortcut or an accelerator. If you're truly dedicated and passionate about trading, I believe you should leverage this tool to regularly refine your strategy (not to change it, but to add certain insights). This will give you experience in no time since you'll have access to historical data from years before you even started trading.You can backtest on several trading platforms, but I personally use TradingView. To access this feature, you’ll need to subscribe to one of their paid plans. You can also use platforms like FXReplay.
Post
Topic
Board Reputation
Topic OP
Create quality content, now I see the importance of merits.
by
Kevystia
on 24/10/2024, 21:48:42 UTC
I have to be honest, I made a few mistakes in the beginning. I even received two neutral trust ratings from some members, and I wonder if that’s what’s still holding me back. I see accounts with 20 to 30 activities that already have more than 10 merits, while I’m struggling a bit.
It was after receiving my first warning that I really started to question the importance of the forum. Before that, I didn’t fully understand the rules and was posting somewhat carelessly. I recognize my mistakes, and I know many others are in the same situation. Some even go as far as creating new accounts to avoid the negative feedback they've received.
I admit that I also created multiple accounts at one point because I didn’t really understand how the forum worked or its importance. But over time, I realized that the key here isn’t just being active but posting useful and quality content. Merits come when you genuinely contribute something valuable to the discussions, not just by posting for the sake of it.
So, for those of you looking to rank up like I am, the key is really to focus on making meaningful contributions.
Good luck to everyone, and let’s keep growing the community together!
Post
Topic
Board Trading Discussion
Re: Stop trading SMC.
by
Kevystia
on 24/10/2024, 20:08:41 UTC
I know that many people here will take this message lightly, but it is the absolute truth. 
SMC is a very powerful school of thought, very popular, and if you are someone who follows this school, you will be one of the millions of traders trading in the same way. 
SMC is not different from the basic market structure that we all learned at the beginning, which is based on support and resistance.

Focus on liquidity concepts if you want to improve your results.

But everyone has their own opinion and everyone has their own strategy. Trading SMC doesn’t mean you won’t succeed.

You should know that in the markets, we are all competing against each other, and if you truly understand the liquidity structure, you will see that SMC is often preyed upon by large institutions, banks, etc.
Why has no one commented on this message? It’s a truth, after all. I know there will always be those who will never change their minds because they are stubborn in their strategy
Post
Topic
Board Bitcoin Discussion
Re: Analysis of Bitcoin Trends: What Can We Expect by 2025?
by
Kevystia
on 24/10/2024, 19:52:13 UTC
Well 2025 is post block reward halving year which historically, has meant huge gains for Bitcoin. I would estimate that the current price of $66,000 could treble at some point in 2025. History doesn’t always repeat but it often rhymes.
That’s an interesting observation about the halving in 2025. The price increases following previous halvings are encouraging, but it’s crucial to remain cautious. The cryptocurrency market is unpredictable, and while optimism is warranted, there are always risks to consider. I’m looking forward to seeing how the market will react!
Post
Topic
Board Bitcoin Discussion
Re: Blue wallet vs sparrow wallet
by
Kevystia
on 24/10/2024, 19:45:12 UTC
I recommend using the Jade wallet in air-gapped mode with Sparrow Wallet for maximum security. Avoid storing large amounts of cryptocurrencies in a hot wallet like Blue Wallet.
Post
Topic
Board Bitcoin Discussion
Re: GPT trading bot has been lunched (free at the moment)
by
Kevystia
on 24/10/2024, 18:43:27 UTC
I believe that he didn't post his message in the right place, as we are only discussing Bitcoin here. His message should be moved or deleted. Wink
Post
Topic
Board Bitcoin Discussion
Re: The adoption of Bitcoin in poor countries: a source of conflict?
by
Kevystia
on 24/10/2024, 18:16:31 UTC
I apologize for not specifying, but I am talking about the poor countries in Africa. You both took the example of El Salvador. But no matter what happens, I think there will always be a difference.
Post
Topic
Board Bitcoin Discussion
Topic OP
The adoption of Bitcoin in poor countries: a source of conflict?
by
Kevystia
on 24/10/2024, 17:38:04 UTC
Do you think that the adoption of Bitcoin in poor countries as a means of payment can be a source of conflict
The adoption of Bitcoin in poor countries: a source of conflict?
I asked this question because many poor countries believe they are in democracy and enjoy freedom. However, the reality is that there is still some form of domination by former colonial powers. They are free on paper, but not financially. That’s why I wonder if one day one of these countries decides to adopt Bitcoin as a means of payment and whether this could lead to conflicts.

Adopting Bitcoin could offer several advantages, such as increased financial inclusion, reduced transaction costs, and protection against inflation. However, these benefits may also raise tensions with established financial systems and governments.

Do you think a poor country will experience peace if it makes such a decision?
Post
Topic
Board Trading Discussion
Topic OP
Stop trading SMC.
by
Kevystia
on 24/10/2024, 14:20:35 UTC
I know that many people here will take this message lightly, but it is the absolute truth. 
SMC is a very powerful school of thought, very popular, and if you are someone who follows this school, you will be one of the millions of traders trading in the same way. 
SMC is not different from the basic market structure that we all learned at the beginning, which is based on support and resistance.

Focus on liquidity concepts if you want to improve your results.

But everyone has their own opinion and everyone has their own strategy. Trading SMC doesn’t mean you won’t succeed.

You should know that in the markets, we are all competing against each other, and if you truly understand the liquidity structure, you will see that SMC is often preyed upon by large institutions, banks, etc.
Post
Topic
Board Trading Discussion
Re: Beginners Luck in trading real or superstition
by
Kevystia
on 24/10/2024, 13:29:18 UTC
I often hear of beginners Luck and i have equally experienced it. At the early times you seem to make a few stipend here and there and you get so over confident and feeling like a trading beast or a sniper, only to blow the account over and over again, frustration starts creeping in.

Beginners Luck occurs  during the first few days, weeks or months of trading. Beginners are cautious and less greedy initially, they seem to be excited by a few stipend they get.

I am of the opinion that beginners should get less overconfident and try to understand the market and develop a trading system.

Beginners should equally know that loosing trades is still part of the win if you know the reason for the loss. Some one once said anyone who thinks trading is easy has just been trading for 5 minutes.

What's your opinion  about this? What was your experience,  have you ever had beginners Luck? Is it real or is it superstition?

Yes, beginner's luck is really something. It even happened to me when I first started trading. I began by learning very little, and all my demo trades went smoothly 😂 I was making a lot of profits, until I made my first deposit into a real account. After that, everything became blurry. I burned through 5 accounts within a span of 4 months (quietly) 🤣🤣. It was from that moment I decided to get proper training
Post
Topic
Board Trading Discussion
Re: Learn from experience more
by
Kevystia
on 24/10/2024, 12:43:16 UTC
The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.

Learning trading on your own allows you to quickly understand things clearly, but it takes a lot of time. It's true that with this time, you will gain experience, but your experience does not always determine your profitability. Even purchasing a course is not very important because most of the strategies we use are quite similar. The most important thing is to follow someone who is already profitable. You should also do a lot of backtesting.
Post
Topic
Board Beginners & Help
Re: What should I do to earn merits? Or should I buy them first?
by
Kevystia
on 24/10/2024, 11:23:16 UTC

Yes, indeed, I used AI at first, but since I received a warning, I have never used it again. I try to respond based on my own efforts, and I focus on the areas where I understand things better.


Yes, I admit that I used AI, but I haven't used it since I received a warning.


If I found that you have changed, i will give you some merits and I hope it will be a new beginning for you.

Yes, that's true. I had created accounts in the past, but I no longer remember the login details. At that time, I didn't fully understand how to use this forum; I saw some people only posting their problems, while others were giving advice. I can't even recall the login details for those other accounts


But I say it and I repeat it, I haven't used AI since the day I received the warning. I realized that AI doesn't respond correctly, and sometimes it completely goes off-topic.

Are you serious? Right now, you're confidently telling everyone that you don't use AI anymore?
Okay, let's check. Today, you created a new topic. What do we see? You got a neutral tag on October 20th. And today, my friend, it's already October 24th.
The worst thing a newbie can do on the forum in their first steps is get a reputation as a liar. And you're working on it well.

I recently saw a post where one of the members asked if they need a huge capital to start trading. Here’s the link to the post: [https://bitcointalk.org/index.php?topic=5514689.0](https://bitcointalk.org/index.php?topic=5514689.0).

I wanted to address a common misconception in the trading community: the belief that you need a large capital to start trading successfully.

Here are my thoughts:

Strategy Over Capital: While having capital can be beneficial, what truly matters is having a solid trading strategy. A well-thought-out plan can help you manage risk and maximize returns, even with a smaller investment.

Prop Firms: Many traders can access accounts with significant capital through proprietary trading firms. This allows you to trade with $50,000 or more without needing to have that amount saved up yourself.

Starting Small: It's entirely possible to start with a smaller amount of capital and gradually build your account as you gain experience and confidence in your trading abilities. The most important aspect is developing a strategy that works for you.

What are your experiences? Do you think starting with a large capital is necessary, or can traders find success with smaller amounts? I’d love to hear your thoughts!


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Hivemoderation 99.9% likely to contain AI Generated Text
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But you just used AI to really check if I continue to use AI; you also broke the rules 😂. But I ask everyone to forgive me if I behaved poorly. However, I think you should advise me instead of being against me