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Showing 5 of 5 results by kurovsky
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Board Trading Discussion
Re: CHANGE WITH THE CAHRTS
by
kurovsky
on 11/04/2025, 15:01:30 UTC
Years has passed, decades has passed since individuals started reading charts for a living, and just like the way life changes the chart also changes.
how many of you all still remember when support and resistance was prioritized or when trend line was prioritized in the market, those where the times you will see massive profits as soon as the market touches a trend line or support and resistance, but if you take a closer look at what the market does nowadays you will understand that those areas are now used as liquidity although they are still being considered but not prioritized due to the fact that liquidity is now the back bone of the market, but some people fail to understand this and they still prioritize support and resistance over liquidity which makes the market keep on stopping them out and it leads them to unnecessary loses. so i will advice all traders that will come across this to understand that the market do change and adjust due to the fact that big banks and companies are getting more and more interested in trading the forex market.
So as the market change we all should also change the way we approach it, and i do believe that there will still be some changes in the future. 

Absolutely, and you're spot on about how the market dynamics have evolved over the years. Liquidity zones are now playing a much more dominant role compared to traditional support and resistance.

In fact, by looking at these charts https://profitable-business.net/trading/Screenshot_03072025.pif , it's pretty clear that Bitcoin is setting up for a bullish move.
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Topic
Board Bitcoin Discussion
Re: Who says it's too late to buy Bitcoin?
by
kurovsky
on 25/03/2025, 17:52:22 UTC
I have a wallet which I thought was empty for months. I just recently logged in to that wallet and find out that it has still some Bitcoins. Those Bitcoins came into wallet in early part of 2024 when price of Bitcoin was around 60 to 70k. I asked Chatgpt to tell me how much I have gained and to my delight the gain is 40% (as per chatgpt calculations). A gain of 40% in less then a year is too good. I know we can easily see such gain from CMC and other websites but experiencing this in real life has it's own Aroma.  

Those who thought it's too late to buy bitcoin when it was over 50k can see how much Bitcoin has gained in less then a year.

Sometimes it's blessing in disguise that we forget things we have in our custody like Bitcoins. But Bitcoin and just forget them (without losing the keys)      

Only because of OpSec I am not sharing screenshot of my wallet along with other details. Hope it's not required as I want to highlight the point related to Bitcoin gain in value and advantage of forgetting the Bitcoins you have (without losing the keys).


That's an amazing story of unexpected gains! It really goes to show how Bitcoin can surprise us with its growth, even when we least expect it. Sometimes, forgetting about your holdings can work out in your favor—especially when the price increases so significantly. Here's a snapshot of what you mean about the power of holding onto Bitcoin: https://profitable-business.net/images/Screenshot_152112025.jpg .
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Topic
Board Bitcoin Discussion
Re: Trust: who can be trusted to keep your seeds?
by
kurovsky
on 25/03/2025, 15:57:46 UTC
The problem of seeds is obviously crucial. Can we imagine being the one and only person who knows what to do with these 12/24 words? How to keep them safe, but also how to pass them on to heirs or friends (so that they know what to do with them?). Informing others while preserving your own security can be a real challenge in some countries.
And then there's betrayal, divorce etc...

What are the solutions?



To address the seed phrase issue, consider using multi-signature wallets, secure backups, or encrypted inheritance services. For example, you can store instructions with trusted individuals or use specialized legal tools. For more detailed solutions, check this image: Short Guide.
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Topic
Board Trading Discussion
Re: what do you think about the diffculty in trading?
by
kurovsky
on 24/03/2025, 15:11:34 UTC
Most people, new traders and old are mostly talking about how difficult trading can be, the emphasis on the difficulty has discouraged some people from wanting to even consider becoming a trader.

Do you think non traders exaggerate about the difficulties in trading or it is hyped too much by people who are already traders? Or do you think it is not a hype, that trading is actually something very difficult?

Trading can certainly be challenging, but it’s not necessarily as impossible as some make it sound. While it requires skill, patience, and discipline, it’s often hyped by both non-traders and seasoned traders who highlight the risks. The difficulty of trading depends on the approach, education, and mindset. It's not for everyone, but with the right preparation, it can be a manageable and rewarding activity.

For more on how to get started and improve your trading skills, check out Trading Charts
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Topic
Board Bitcoin Discussion
Re: Bitcoin critics weren't wrong
by
kurovsky
on 24/03/2025, 14:25:41 UTC
Ever since bitcoin's early days most people didn't show appreciation. While acknowledgment of bitcoin has increased and demand has risen a lot, it's not necessary that those criticizing bitcoin were wrong.

What has bitcoin achieved recently? Getting in more exchanges, getting in ETFs and wider access to traditional markets? Sure. Mining becoming an industry? Ok, let's count that too. Does that mean bitcoin is being appreciated for its values of decentralization and immutability? Probably not.

While all this is happening bitcoin fees reached historic lows, which is a sign that there's very little demand to actually transact bitcoin. BTC/USD is near ATH levels and yet we're still here, many people want to trade BTC than ever but almost no one wants to transact with it. We spent so much time talking about lightning and layer two solutions while on-chain transactions can now even be send with a cost of close to nothing and decently fast confirmation.

People know that if we all started transacting in bitcoin tomorrow fees would go crazy though. The lightning network is far from usable and even for it acceptance is even lower than bitcoin.

But people still don't want to use bitcoin for everyday transactions. El Salvador wanted to pivot to bitcoin to save money on predatory remittance fees and boost its ailing economy that was based on two currencies, a national one and the USD. Still people don't bother to adopt the technology and El Salvador still nearly went bankrupt and had to scrap nearly all bitcoin related plans to receive a small IMF loan.

Bitcoin remains hard to use, mining continues to be environmentally damaging to a very large extent while it also becomes more centralized and scalability remains an issue. This price boom changes nothing in terms of fundamentals. Bitcoin's price went up mostly due to external factors but that doesn't solve the issues related to adoption.

Maybe though in the end, adoption doesn't matter? What are your thoughts?

that's pretty true i have analized this few years ago  https://profitable-business.net/images/Screenshot_152112025.jpg