Insanely Practical

 The blockchain concept is spreading like a wildfire. Right after the announcement of Bitcoin: a peer-to-peer electronic cash system, the concept of Bitcoin came into existence. Some people were thought of it as a revolutionary thing, but most of the people thought it was a foolish idea to have everything decentralized. People who believed that was a minority. But when we look now the minority is no more a minority. The acceptance of Bitcoin and Blockchain is really disrupting and more people are getting to know about this. If we look at the county's central authority, although they are unhappy about the concept of bitcoin, they are interested in the technology behind bitcoin, the Blockchain. Estonia being the very first early adopter of Blockchain trusted it and paved the way for a new revolution. The countries which once banned the system are now experimenting with it. The panic that is created at the beginning of its emergence is not at all a panic anymore, instead, it became a...

Requirement is needed before placing a trade. While observing for the trading opportunity in intraday, it is best to be done with a series of requirements. These requirements needs a long time to forge and once it formed naturally, then it is very much easy to take trade based on that. Here the thing is not the creation of requirements, it is sticking to it, ie. in other words developing discipline. A lot of people might believe that one of the common advises in trading is never to exit manually. It must either be a target of stop loss hit. Of course it is best advice, but what it does is it develops the discipline. A trader have this tendency of acting based on his emotion. Emotion in trading is dangerous. It always leads to big trouble. Trade like robot is a quite advanced form of advice. It implies everything about discipline. Once we master this art of trading, it is very much easy to make profit. It is not the lack of strategy or technique, it is lack of discipline. Once psycho...

 Nostalgic has its own stand regardless of the age we stand in. In retrospect, we could see a lot of things that made us emotionally attached and then went far. But when we think of it, it reminds us of the things we enjoyed or experienced. There are a lot of ways we can actually make those emotionally attached things or moments with us. With the help of technology, we can even declare ownership. That may sound crazy and stupid. When everything is going digital, then why not the digital product itself cannot have this ownership. That is the only concern among some people about keeping their digital lifestyle memory ownership. But now there is nothing to worry about. With Blockchain we can create the digital age ownership to anything digital. NFTs are at the early stages of their digital ownership ventures. We can make those really important things more important and close to ourselves with the help of NFTs. Only a few people are making well use of this technology. By few people, I ...

People when came to know about the benefits of index trading, they migrate to it. There are several reasons. It varies from person to person. One may say trading in indices are reliable. Newbies are always advised to trade in equities before entering into the derivative market. Equities are less volatile and very good to learn and earn. You pay less for your losses or in other way, for the things you learnt. This is obvious and people go through this as usual. But there are people who skips the equity market directly to the derivative with only one and only reason, to get rich quick. With that in mind loss is guaranteed. Experienced traders choose indices for not or less being manipulated. Because of the volume and less volatility, it is safer to trade than other segments. It is also very reliable. Even the disappearance of number of heavyweight cannot make the indices disappear. That is a very good point to remember and keep in mind while selecting which one to trade. Whenever we t...

The ledger in blockchain need not necessarily backed by a currency. For a system that need large amount of nodes, like in case of public permissioned blockchain, it is essential to give an incentive either in form of reduction in transaction fee or some currencies. This is a high incentive for those who works with high computational powers. They would demand this. But in case of private blockchain there is no need of providing a currency in the form of incentives. Private blockchains are used when the peer nods comes to know each at least half of them. They form a network of peer group and validate the transactions. Since private blockchain entitles the identity of each nodes, it is impossible to get a lot of people through. So these private blockchain lacks popularity and hence there is no coin. But this is extremely helpful in large corporations to store and validate data. They can create a supply chain where everything could be traceable form the very beginning. It involves no s...

It is said that people who do best at interviews sucks at job. Not everyone, but mostly. Whenever we hire a person to our company, we go through a long process of recruiting. It involves a lot of things from written test to group discussion and finally leading to an interview where we sort out the final candidates. The problem with these kind of processing is that these people are selected by a foxed set if procedure where the modules are fixed. When it comes to business everything is momentary and needs a lot of decision making skills. Skills are really important, especially decision making skills. But what these people lacks is the same thing. That is why sometimes CEOs directly recruit people from other companies without even having a permission from board. All that matters is his effectiveness in decision making. Form time to time a business is prone to challenges and needs a good leader to execute the right work. So the important thing in any of the thing that requires a food ...

How to prepare for a good test. Preparing for any problem infront requires an in-depth analysis of the problem itself. When we go through the problem we will get to know where we should make the improvement and where to leave it as free. But only in few occasions people give that much of analysis review before entering into a problem solving method. When we look at the largest problems that had been solved, we could see how that problem got studied before. Because without understanding what the real heck problem is, we cannot find a solution. If we try to find a solution to the problem that we drawn out by our fragile analysis, we will get the solution for the things we discovered, not the actual problem. So while before solving every problem we should learn about the problem before getting into work. Once we enter the working world, we probably won’t care about the study. That is why it is important to have a habit of in-depth analysis before confronting with the solution. Solution r...

  Now the world is dependent on every single occurrence from any part of the world. An attack in the extreme west affects the employment status in the east. The reason is the interdependency that is getting forged strongly every moment. One of the prime examples was that the market crash that occurred in the US in 2008 left people in the east jobless. We could say that the US was the global power and any minor sentiments might make the rest of the world a crisis. It is true, but the kingdom is slowly shifting, not to a single entity, but to series of economic powers. This keeps expanding and every country will be able to create a global catastrophe by the civil turmoil. We should look at the involvement of technology here. It enabled the news to spread within seconds all over the world. It actually accelerated every process. The good things get even better and bad to worse. So in this arena, it is mandatory that technology should not use its manipulative power to make the world...

 Which is the time to invest in one of the popular questions among the newbies before they invest or even after they made their initial investment. The reason they ask this question is the hard-core obsession behind becoming rich in a matter of weeks. They come to the market and invest expecting a greater return in a matter of weeks. Becoming rich is the main source of motivation behind every investment. People rarely invest based on the technology or growth factor. Those people who take time to learn about the thing they are investing in before investing actually end up with tons of money. The reason is the effort they put into understanding the work. This lets them study more before they invest. It is a well rewarding behavior or habit. Because when it comes to money, you should be keen about the way you invest. Investing becomes hard when we don’t know that asset. Maybe that so-called asset is a liability. Who knows? Those who study, know.   Investing for money isn’t bad. B...

 I heard a lot of times about the importance of concentration. Once we know what it really is and how it is gonna change our life we realize that we wasted a lot of time. Growing up we were taught to do many things. We were forced to study the unimportant things which add no value to our life. But important things such as finance and mind, which everyone needs were never even addressed. We might end up in disaster if our mind is in turmoil. This is observable in everyday life. We always fall into the trap of wandering thinking and practicing the mind to even wander more. In the end, we feel stupid and wasteful thinking about all the negative things. It is essential to understand the mind and how it works. Because we can program it once we understand it. This is important as every other important thing, or even more. To understand our mind we need to first observe our mind. How is it behaving and what are the thoughts popping up. If the output thinking is good, then good for us too...

  There are multiple benefits while assigning time to the task. Whenever we see ourselves procrastinating at a task, we must have noticed that we had not had any time frame on when to start and when to finish. This is really important because once we have this clear idea about when to start and finish, we can save a lot of time. After the end of the time, we are free and independent enough to do our favorite task. Most of the time we procrastinate on the things that someone assigned to us. It is not our willingness, yet we have to do this. At these times become the problem of procrastination. We tend to put things for tomorrow day after day until we reach a point when there is not enough time to do even half of the task we are supposed to do. With a time-scheduled process, we can actually calculate the process of work and the time needed. This saves a lot of time for procrastination. I can say procrastination sucks. It sucks everything. But being a non-procrastinator is impossi...

  Before starting a company, the foremost priority is at starting the company. We go to any extent in order to do that. But soon after having an idea and starting a business, the real problem starts to emerge. It comes form every department. Needs innovation at proper time and very good convincing marketing. When we look at successful companies, they are still working very much hard to stay on the top. Because when it comes to business delay means death. The field competition gets tougher year after year. So every company strives to be more innovative each time. Habit of people changed from having a product different than the old one for couple of years to every single year. This was reinforced by those corporate organization itself. This created a sense of urgency in customers to frequently change the product. They need better one different than before. It again forced companies to be innovative more than ever. This cycle gets tougher each time. The time durability decreases a...

 What happens when we fail to do the things that we had to do, it either collapses everything or shows us our potential. Even after knowing the extent to which we can procrastinate at the most important thing and the consequences it brings, we procrastinate every time. Steven Pressfield said, “ we procrastinate most on the most important things”. So it is not a matter of finding the foremost things that are yet to complete, but to do the works is harder. What is even harder is starting the work. After a very good start we can actually enter into a flow, but to start is difficult. Because of this, we procrastinate not on the work, but to start. Anyway or anytime we have to start if it is assigned for us. The more we procrastinate, the more we suck. It is not that easy to do the work the drains the energy and bores the shit out of you. It needs practice, the practice of being uncomfortable every time and do the work. We were conditioned to procrastinate on the most important thin...

 When it comes to trading the patterns play a huge role in reaping the reward. The reward for the risk is what each trader hopes for. Sometimes the risk shows its part by showing us the loss. But loss is just a part of the game. Whenever there occurs a loss we tend to go in full revenge mode burning all the rest of the money. We know that is a wrong approach, but we do it frequently. The reason is we don’t like being a loser. At least we need the money we put in. Forget about the profit and focus on the investment. But that is wrong and dangerous. Because markets work against psychology. An emotionally weak person always has a weak portfolio and a weak profit and loss statement. When you become a person with a rigid mentality and have the patience for the right time execution, then it is very much rewarding. That is why when we a good trader he is patient and well disciplined. Discipline is necessary since money is involved. An indisciplined person keeps liability more than an asse...

Pitching an Idea to the investors when we desperately need money is quite challenging. Convincing investors is not an easy job. We have to go multiple time to receive first round investment. Investors care more the enthusiasm and mentality of the founder than the idea that they are pitching. In order to show the driven passion, we must have a very good communication skill. Most of the founders keeps their skill at convincing investors at its peak. When they see the opportunity along with it, they tend to invest. Even investors with years of experience fails to spot the right person and idea. But if you ask whether they regret, most of them would say no. They did made their decision based on their knowledge and capability at that time. Investors don’t need to know all successful ideas and companies, they just focus on the ones that aligns their fundamentals. Everyone has their own view of analyzing and selecting. Therefore pitching an idea to the investors might bring the investment i...

 Investing in some companies or technologies at its early stage is beneficial. We often see people or even ourselves regret being non-investor in those world-changing companies. One of the reasons that people find a reason for not investing is not having enough. These people always complain about being financially poor and point that as a reason for not investing. But later when those invested became multi-billionaires, these poor people starts to complain about not knowing the opportunity. In fact, they knew what is happening around, but chose not to invest. Instead of changing, they complain every time. Even at the present moment, they say they don’t have time or money to invest paving a way for days full of regret. What is important here is not having enough money to make a good investment, but the mentality of an investor. Investors back the technology that changes the world. Most people don’t want to change the world, neither they invest nor build a startup. But they are expe...

 Weeks before the actual commencement feels like a heavy load. The reason is the amount of stuff that is to be completed. It takes a lot of energy and time. Whenever we confront such a situation, we tend to do two things, either make a plan or leave the plan. The former is a lot better. Because with the least amount of time and inaccurate decisive situation, we might have come to the conclusion which is more precise than the latter. Speaking of it making a plan is really daunting. Here the plan itself reveals the work and effort that need to be put in. So some people finish as per their will finishing the desired portions within time. But the others keep it on procrastination. They are resting because they have done a mountain task of structuring and planning. The rest of the day goes for entertainment. As soon as they find their former plan is no longer valid, they make another with the same willpower and attitude. This happens multiple times finally reaching the exact date of com...

Every areas of development could be integrated to other areas as well. We invented and discovered many such things and integrated to many other things. Famous Newton’s law when found out might be little difficult to put in action. But after a couple od decades we discovered it’s essence in everyday life. Even space crafts use this same law at the time of its propulsion. This is not new and is happening in every where. AI when discovered hadn’t had that much of everyday implementation. But now almost half of the things we do is assisted by it. It is even helping the astronomers to find new planet and the presence of aliens. It was not believed to be a game changer in the field of astronomy. But it dad and will continue to impact for a long period of time. Experts predicated it’s user scalability and threats.   This same thing will happen with Blockchain. It is still at its initial stage and it is now identified as a synonym for Bitcoin. This will change in the near future. Change i...

A company which survives all the negative forces thrives in the future. A company or a startup generally focus on solving problem. The bigger the problem, the bigger the opportunity, and sometimes the bigger the risk. But taking such rewards yields better results. Results really defines the success. So whenever a company makes good amount of return as per their vision or greater than the previous year. And more probably we can see that those organization which survive the dip offers a very good incentives to investors as the future. During the dotcom bubble that happened in the late 20th century, those ventures which survived yielded a very good return to the investors later. Only a fundamentally strong company could survive such kind of dip. After that people are convinced about it bright future and those who then became the retail investors made a try. Therefore a dip or even a horrible dip has such kind of advantages. It can convince people and investors to trust.

When it came comes to trading we see people using different strategies. There is no fixed strategy for success. People find their agreed will at one thing which may or may not suit us. So the real challenge is not to master the strategy but to find it. We may even tried multiple strategies multiple times. Even now that confusion pops. People choose strategy not based on how much winning percentage it has, but does it resonate with their style. Even people trading just based on their will can make more money and can have a great winning percentage than who tried thousands of them. Even after choosing a strategy, people find it difficult to take trades based. Because they are not sure about whether it is what they actually need. If we have a strategy which we think might suits us, we have to test it and back test it. People jumping from one to another never have traded multiple timed based on that. Not a single strategy could be understood within days or weeks, it takes months like the ...

Creating technology based on generation is essential. Because at the time of creation, it will be introduced to solve a problem that the current generation is facing. We could see from history that the problems are inevitable and gets better with time. Decades ago people faced a problem of not having enough information. To gain knowledge we had to put hours to find the source. Google solved the problem. But it doesn’t mean Google settled thereafter, instead they are solving better problem to further make humanity more advanced. This process of solving problems generation after generation actually made the modern world. Like Google, any company that is not limited to its predevelopment solution will find a great future. Regardless of any industry, problem occurs one after another. By solving a problem means creating another. If we can’t find a solution to this chain of problem, then someone else will and we are kicked out. It is a competition that led us to discover and invent many ...

What’s there to take credit from when they say that you contributed to their growth? Nothing. We do nothing for the better or improvement of other. All we do is giving their returns for the things they did in the past. We may think that it is because of us that they are here or he is rich or successful because of you. This is wrong and foolish to think of. We did our duty of spreading the message which we were obliged as a result of our past actions. Same with them. His past actions and character which resulted seek us demanded the aid. It is he who decides to make the change. It is he who thought of trusting us. It is the past action due to Karma led him here. What we did was our duty which we devoted to help. No credit for us. Neither we are allowed to expect any return. Because return is the consequences of action. And every action bears a fruit of consequence. Like Murphy’s law, whatever is about to happen will happen. Therefore the action that we performed will reflect in one way ...

 The introduction of Blockchain at its early stage required a lot of work. Technology becomes powerful when it reaches more people. It is like getting democratized. Blockchain itself is a technology of democratization. Making everything decentralize, is gonna create a revolution. Most of the time when we think about liberty and free act, we would often consider being able to express ourselves freely. That is sure of putting as it implies the literary meaning. But liberty also means letting ourselves keep our most important things. Rise technology and advertisement led every organization to collect as much data as means of advertising. Earlier data was not certainly necessary, now it is inevitable. Without it, it seems like the world is going to freeze.   Collecting data is good when we get the most out of it. For several reasons, we are obliged to give our data for free in exchange for the service they provide. We cannot resist ourselves from its influence. We care less about ...

 Sometimes when something like disruptive level change happens, some of the organizations working in the field have to make the move. The case applies to anything. A couple of years before, companies used to charge more than enough for their services. But whenever something happens so disruptive, then this model works no more. Gathering information in the early 90s was not that cool. You have to go to the library to get enough information. Moreover, you have to go through line by line for a specific set of knowledge. But now we can get whatever information we need at our fingertip. So the information is overloaded here. What happened to the loads of books that were settled at the stalls was forced to go digital. And that was successful. Almost half of the people who read consistently are through digital devices. That is very comfortable to do so. We can read any number of books from that simple device. This is great. Some people say they miss that nostalgic moment in retrospect...

 Discovering noise while investing is a very important step. Because we tend to make mistakes based on that. Even investing in a very promising company sometimes lead us to withdraw funds. This happens to all investments. How noises leads to bad decision could be narrated by everyday example. We must have seen that when the price of a certain assets go down, we have this urge to withdraw money. But what if it goes up ?. So we wait for couple of days further to see the assets going down. So we withdraw money instantly with half of our invested money in hand. But after the withdrawals we see the price going up and wait for few days for the confirmation. After confirming that it is in a bullish run, we invest. But after a few days of investment the prices shoots down again burning our capital. This happens every time and we react same each time. By reacting to the markets this ways opens a wonderful opportunity to burn or capital in no less time. But when we zoom out the graph and...

 The thing with trading with real money comes with a lot of problem. The first reason is the lack of experience. Since trading involves a lot of things, it takes time to get in flow. During those times trading will the real money causes a lot of trouble. People often go out money because of the inexperience in trading. On the other side, experience only comes when we trade. This is a paradox. But money is not a very good option to start with. With the kind of technology available today, we can create any experience that is not real, but gives the taste of the experience. In the field of trading, it comes in the way of paper trading. People born at this era has this advantage, they can practice as much as they want until they develop their own strategy. But a couple of days ago, this is not the case. In order to enter into a trade you have to play with real money. That is why most people never ever tried trading in their life. Once an individual trade with real money, but with lack ...

One of the hardest thing to do is to work without attachment. We are attached to everything regardless of their existence in nature. Even the things that have no life form sometimes makes us emotionally touched. I had experience of hearing from people saying that their favourite tv show ended and they fell like drained. Although they were aware about its fictional side, they are attached and highly expressive. So there is nothing to wonder in case of things with life beat. There happens attachment at its peak. We have also seen people with far more live to their electronic gadgets than any other thing. They never let go of their gadget and sometimes decided to keep it for ever. The worse thing happening from the last couple of months was the attachment to the intangible assets. It is getting auctioned like the same real tangible product. The technology that make it happen is Blockchain through NFTs. Some thinkers are also afraid of this attachment might lead to a cultural collapse w...

 Demand can be very well related to the need in the market. When something of nominal value gets high in demand, it usually gets attention. So, when the attention rises it draws masses towards. This time we can observe a price surge. This happens often in tradable assets. Let’s take an example of a particular stock. Usually, the price of the stock rises whenever good news is associated. This good news makes traders bring attention. Risk-takers invest based on this soothing news, which raises the price further. And soon it breaks the resistance and all retail investors start investing making the price move even higher. Even after days of news, it keeps the pace. Here people slowly start to form a consensus within themselves that the price won’t go much higher when reaches this or that point. Which makes people like him exit from there. When masses do this, it slowly reflects in the price movements. This leaves a panic among the general investors and they will start withdrawing mon...

 There is a case with saying that having a well-diversified portfolio is a sign of financial intelligence. People diversify their investments into different assets to increase the security over money. But this is commonly observed among experienced investors. Everyone starts with what generates high ROI. At the initial stages securing a well cashflow is less important than making a ton of money. These people lack emotional balance. When they see the asset price going on, they pour more money. They never allocate money for any other thing. Of course, they make a ton of money, on the flip side, if the market crashes these people go around like nuts. They totally fall under depression. Some may even choose to end their life. Here comes the benefits of having a well-diversified portfolio. It is observed that when the price of one asset crashes, the other soars. By making investments in more than one asset keeps the overall portfolio preserved. With this kind of investment, we could s...

The highest growth that is happening right now in terms of CAGR is in the field of Blockchain. It’s growth is a clear sign of change. A change like that happened when internet was introduced, or even bigger. Because only very few times in sometimes this happens that when technology getting introduced at necessity. For every entrepreneur, it would be like a heaven when his business grows in demand. Demands are created of there is necessity. Blockchain is such a disrupting technology. Because it was introduced at the very beginning stage of dictatorship. Blockchain makes the free world even more free, may be free from everything. Because of the decentralization process, the long time authorities are bound to doom.   Anyone can make fortune if observed carefully. Bitcoin more than a crypto, people are using it a digital asset to invest their money. Due to the fact that the growth is out of the chart, those who invested made tons in return. This gave a lot of hope to investors and mon...