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Babubu609

Ignorance in cryptocurrency is your enemy fight it

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Big words, I agree, knowledge opens doors, destroys walls and breaks paradigms, it is important to acquire and provide knowledge to others to grow as people and grow in knowledge, do not feel that by teaching you lose something on the contrary you become more expert than before by have a security that you did not have before.

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It is true that ignorance is an enemy that we must defeat in crypto and in any field of life. By educating ourselves we will know other aspects of this market and how to manage it for our benefit

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If ignorance is a great enemy and keeps us immobile without being able to progress, we must incorporate information and knowledge to have freedom of action, we will go as far as our knowledge allows.

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On 5/16/2020 at 1:53 PM, Dark_Sky said:

That's right, don't be afraid to try new things or learn something new. 

When you're afraid of learning something then you can't easily achieve success. 

Much better to risk and try sometimes, always remember this. 

Yes many people are used to be afraid of learning new things or some new kind of information.

The main reason behind that a person is afraid of studing new topic is because lack of confidence, we should all need to aware that we should always study which enables you to gain a great knowledge. Age doesn't matter for learning if there is a mental power then you can succeed any single thing in the world.

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You are right that ignorance in crypto is our biggest enemy. Many people who are new to the crypto world only think about the profits they can gain. They do not consider learning about the various coins that are in the market and how to invest or how to minimize losses. This kind of thinking always causes a lot of fear and impatience and the end result is that you suffer a lot of losses. Therefore everyone should consider learning about the crypto world, trading, investing and other things that are related to it because only with knowledge you can fight the ignorance and the losses it brings.


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I agree with my friend that, ia ma also working at this platform for many years and I have enough skills to deals with that. Bit many peoples enter in the trading system without have no experience about the trading. And in this wya they also waste their time and money also. I will suggest them to learn something and then starts working.

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Ignorance will always be a formidable enemy, whether in this or in different areas, what is necessary in order not to be a victim of this is to keep informed, the recommendation that I offer for these topics is to visit renowned and official sites that really offer help to users , that a revisionism is always made of what others through their experience have achieved.

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Well, I think like you! in my opinion as a beginner is the best advice ever! Is all based in the knoledge about the cryptocurrencies! you need read, learn and then when you are prepared can start to practice trading, exchangin, etc. to be the best you must be effort!

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On 5/16/2020 at 1:31 AM, Babubu609 said:

Hello friends this was a very cool day that derives my attention over this topic on the keys '' ignorance in cryptocurrency is your enemy fight it'' I agree with this keys to create a topic like this. If we are talking of ignorance it is the same explanation as lack of knowledge. Therefore in this topic I will be discussing about the effect of ignorance/ lack of knowledge to a cryptocurrency users and still refers it to an enemy.

 

Knowledge is everything in life, knowledge is life with out knowledge you are nothing because you know nothing. We need knowledge for having a better life. With knowledge you can find wealth, you can build a house you can be a president you can be a minister in a society or in a community depending on which part of knowledge you contribute in learning. In cryptocurrency we need all knowledge about cryptocurrency that is the big reasons why we are here because if you don't have the knowledge you can't be here, because you don't know what is written instead of understanding and knowing what to write. The forums need members that have knowledge and are still here to share with others that have a little knowledge so that they become something great in future were this forum is creating a good history in the future. Whenever you are ask how have your come to be an expert in cryptocurrency? you will definitely say yes I start with a little knowledge and cryptotalk was the source of it and they make me what I am today. 

 

Here we can understand that ignorance is our biggest enemy, we need to fight it ignorance always lead us to failure and even getting banned in the forum. 

 

ignorance is our biggest enemy let's fight it together!!!!

You are right, ignorance is counterproductive in any area of life and ignoring certain aspects of cryptocurrencies can make you easy prey for scammers within the community who take advantage of the newest and steal their money with lies

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Not knowing enough in life brings you problems and if we speak specifically in the world of cryptocurrencies, it may create a great loss of money for not knowing information and basic concepts, falling into scams easily and frustration

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Being ignorant or having little knowledge in the world of cryptomonies, the main cause of swindles and mistakes.
 

It is recommended to learn and study everything related, always learning new things and making progress in relation to crypts.


This forum is a learning tool that becomes important for everyone, thanks to its usefulness and efficiency

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Of course, you should always study the information and understand what you are aiming for. Because if you start talking about something, or discussing something, and you don't know anything about it, it can play a big and terrible situation with you, putting you in an awkward position. After all, before you start moving towards something, you need to learn more so as not to fall into the pit!

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It happened to me, friend. I heard about cryptocurrencies and thought it was a scam, that it was nothing important or that it would help me and, of course, I was very afraid of losing money because it is not easy to make money to lose. Because of that I lost a few years, but nowadays I have the maturity to realize that I was wrong not to believe, but that's okay. Today I do not ignore anything that comes to me, I am always looking to study the news.

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Well said my fellow cryto member. Not just in cryto currency but in all what you are doing. Nothing in the world is more dangerous than sincere ignorance person, these kind of disappointment is high for people who are not willingly to learn but thinking they have all the clue

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I completely agree with you because ignorance is the greatest enemy of man in any sphere of life, and I do not know how to imagine yourself will succeed in a field in which you do not have knowledge .. I think that for this reason officials put a section for beginners in order to eliminate their ignorance and make them more knowledgeable

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On 5/16/2020 at 8:31 AM, Babubu609 said:

Hello friends this was a very cool day that derives my attention over this topic on the keys '' ignorance in cryptocurrency is your enemy fight it'' I agree with this keys to create a topic like this. If we are talking of ignorance it is the same explanation as lack of knowledge. Therefore in this topic I will be discussing about the effect of ignorance/ lack of knowledge to a cryptocurrency users and still refers it to an enemy.

 

Knowledge is everything in life, knowledge is life with out knowledge you are nothing because you know nothing. We need knowledge for having a better life. With knowledge you can find wealth, you can build a house you can be a president you can be a minister in a society or in a community depending on which part of knowledge you contribute in learning. In cryptocurrency we need all knowledge about cryptocurrency that is the big reasons why we are here because if you don't have the knowledge you can't be here, because you don't know what is written instead of understanding and knowing what to write. The forums need members that have knowledge and are still here to share with others that have a little knowledge so that they become something great in future were this forum is creating a good history in the future. Whenever you are ask how have your come to be an expert in cryptocurrency? you will definitely say yes I start with a little knowledge and cryptotalk was the source of it and they make me what I am today. 

 

Here we can understand that ignorance is our biggest enemy, we need to fight it ignorance always lead us to failure and even getting banned in the forum. 

 

ignorance is our biggest enemy let's fight it together!!!!

Yes my brother you've said it all. Ignorance I a general enemy in different aspects. That's why we are sent to school to be able to nail the enemy.  Ignorance is an enemy and also a disease we need to fight it .

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5 hours ago, Ivanvlad4 said:

It happened to me, friend. I heard about cryptocurrencies and thought it was a scam, that it was nothing important or that it would help me and, of course, I was very afraid of losing money because it is not easy to make money to lose. Because of that I lost a few years, but nowadays I have the maturity to realize that I was wrong not to believe, but that's okay. Today I do not ignore anything that comes to me, I am always looking to study the news.

I got to be engaged into cryptocurrency through cryptotalk, honestly I have had about it since late 2010, but I also did not believe it like you, I also thought it a scam project, it was late I got to engage, and I now I realize it the future, I never regret joining late, and now am giving my all time to improve my self massively

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Fear is the biggest factor that affects traders more than ignorance in the field of digital currencies, because even if the trader has sufficient knowledge in the field and is dominated by fear, he will suffer loss.

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Hey friend, the greatest asset you can have is knowledge. So always learn new things and gain more skills in cryptos, ignorance is lack of knowledge. So we have to read and learn more on different topics to enhance our knowledge and share our knowledge with others through this platform. 

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Yes ignorance is the first enemy because if u are scared of trying new things or you think if you try them it may cost you some loss in it, just try new things be taking risk

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Hello dear friend, your words are correct and wonderful, because ignorance is the scourge of success and makes us surrender and fear everything we do not know. To overcome ignorance, we must learn more and try everything new

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Ignorance is the best enemy for this platform. If we have no experience wi will not get any profit. So to enhance our experience and knowledge we must work more and more in this forum 

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On 5/16/2020 at 4:47 PM, Zaino34 said:

It is true that ignorance is the first enemy in our use of encryption, so if we do not have any experience we cannot achieve any profits 

You're right about this that's why If you want to fight or overcome that ignorance I highly recommend to make your knowledge grow here in cryptotalk or try to read some articles related to crypto. 


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It is very good topic... I agree with you if you ignorance  in the cryptocurrency  is your enemy  fight you... if you want fight against  cryptocurrency  enemy  you have to have a lot of knowledge  about it...  So one should not be ignored  should be acquire knowledge.. 

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Ignorance is one of the things that will hinder you from succeeding in life and her in cryptotalk. You should always make sure to edcuate yourself and do your best to learn as much as you can. Knowledge is the key to success.

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On this day, the Tankan Large Manufacturers Index will be published. No other important macro statistics regarding the state of the Japanese economy are planned for the coming days.   CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June     Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250. Analysts highlight several reasons for the active sell-offs, noting that they reflect overall instability in global financial markets and uncertainty about monetary and regulatory policies in several leading countries, especially China and the US. However, there are also more specific factors that contributed to the development of the bearish trend.   In mid-June, the German government began selling off a huge amount of bitcoins (about 50,000 BTC) confiscated in January. Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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